After their panel on how blockchain technology is changing the world of finance and enterprise at Hong Kong FinTech Week 2019, Digital Asset cofounder and CEO Yuval Rooz and R3 CEO David Rutter answered follow-up questions.
China's enormous market of 1.4 billion people means there is a large pool of human resources that can drive blockchain development and adoption, especially in the wake of endorsement from President Xi Jinping. Blockshine founder and CEO Layla Dong explains how China's burgeoning market can boost blockchain development.
Investment in Chinese blockchain projects reached USD$367.7 million in the first half of 2019. Blockchain Global CEO Sam Lee says Baidu, Alibaba and Tencent have fueled a breadth of tech talent.
The PBOC's new token could wipe out the need for remittance services like TransferWise. But if the eurozone is any foreshadowing, uniting several countries with a single currency is a complicated endeavor.
The crypto exchange has a presence in China, but not an official registration.