Published on November 14th, 2017 | by bitcoin0
Hong King Believes That Blockchain Is China’s Future
A senior official for the government of Hong Kong has said blockchain could bolster China’s ongoing efforts to significantly expand its trade capabilities.
According to Chinese news service Caixin, James Lau, Hong Kong’s Secretary for Financial Services and the Treasury, touted the technology during a forum appearance on Friday.
It was only several weeks ago that Hong Kong unveiled a new partnership with Singapore that will see the development of a new platform also utilizing blockchain.
That blockchain might find its way to being used in conjunction with the Belt and Road project is notable, given the its scale and reach.
Also focusing on blockchain, Hong Kong’s Monetary Authority (HKMA) completed a proof-of-concept for trade finance in March, which included the Bank of China and HSBC as participants.