China Releases Licensed Blockchain Sandbox for Further Utilization

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Yuri Molchan
The Hainan Resort Software Community in the Hainan province of China has provided a specially allocated ‘space’ and software park for technological use
China Releases Licensed Blockchain Sandbox for Further Utilization
Cover image via U.Today

The Hainan Resort Software Community in the Hainan province of China has provided a specially allocated ‘space’ and software park for technological use. The ‘pilot zone’ is composed of several local Blockchain startups and scientific organizations working on technological innovations.

The pilot zone is expected to attract promising individuals and startups from overseas and explore areas of potential open ledger implementation in depth, especially in trade, finance, and banking.

Even though China has declared war on crypto and ICOs, it has chosen to explore the open ledger technology and make a bet on it.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.