Chinese companies consider blockchain a “strategic weapon”

According to the report of the audit and consulting company Deloitte, 73% of Chinese enterprises consider blockchains to be one of the five most important strategic directions of development.

According to report The global blockchain study, which Deloitte released in 2019, the company interviewed 1,386 company representatives in 11 countries, including 200 respondents in China, to learn more about the main directions and investments in blockchain as technology. The study was conducted from February 8 to March 4, 2019.

According to the survey, employees of Chinese enterprises (73%) expressed the highest degree of confidence that the blockchain technology is one of the five top priorities for the country, while 56% of respondents hold a similar opinion in the United States.

At the same time, globally, 53% of respondents said they consider distributed registry technology (DLT) to be one of the five main strategic priorities. This figure increased by 10% compared with the data for 2018.

Paul Sin, head of the Asia-Pacific blockchain laboratories at Deloitte and consulting partner at Deloitte Advisory, said in a report that China will introduce blockchains for strategic reasons “more often than anyone else in the world. He wrote in the report:

“A large number of projects [в Китае] controls top management, which uses blockchain as a strategic weapon, and not as a tool to increase efficiency. “

While China is among the countries opposed to cryptocurrency, having banned both ICO and margin trading at the end of 2017, the country is actively introducing the blockchain. At the beginning of the year, China released
new rules for the regulation of blockchain companies that should contribute to the healthy development of the industry. In addition, in the spring it was reported that China is leading
by the number of patents for the blockchain, as well as by the number
implemented blockchain projects.