According to a published paper by the Digital Currency Research Institute, China Blockchain industry does not plan to use blockchain for traditional payments. Instead, blockchain’s use in the country will focus on settlements, trade, financing, and the property market. In the long run, China plans to roll out its digital currency. There has been consistent media hullabaloo concerning the adoption of China blockchain as state policy as the emerging power finds blockchain technology as cutting edge in today’s fast-paced globalization. In as much as China reinstated its commitment to the use of blockchain, uncertainties always hovered over how far that
