Is China Throwing Its Weight Behind Blockchain?

Here’s a surprising sentence: the Politburo of the Communist Party of China held a special meeting to learn more about blockchain

The first reason that’s surprising is who. The Politburo is made up of China’s 25 most-senior officials, mostly in their sixties, and traditionally not a group known for being tech savvy.

Second is what. While blockchain is not only about cryptocurrencies, cryptocurrencies have been the most widely used application of the technology. And China essentially banned digital currencies in 2017, which is where the third surprise comes in.