Last week, China’s President Xi Jinping nailed his colors firmly to the blockchain post, urging accelerated adoption of the technology. The announcement excited investors in Bitcoin and tech stocks, but the first ‘official’ output is slightly more ominous. China’s Communist Party (CCP) has released a decentralized app (dApp) for members to pledge their allegiance to the party on a public blockchain. Original Intentions Onchain Even the name of the dApp is enough to strike fear intoRead MoreThe post Is China’s Blockchain Future A Brave New World Or Orwellian Dystopia? appeared first on Bitcoinist.com.
