[wind change] Central Bank officers visit crypto exchange, 2018 blockchain battlefield maybe corporate level

[bitlicai]

According to the media, officers from Central Bank of China’s financial regulatory institutions begin to investigate whether or not anti money laundry and capital controls for China’s exchanges are met the compliance criteria.

Robin Zhu, the chief operation officer from Huobi, said during an interview that regulatory institutions have began this move in January. “the regulatory institutions want to know more about the implications of crypto exchange - how bitcoin works, where does the capital come from, where it flows to and how people make or lose money. “ said by Robin.

Central Bank of China maybe the world’s most strict when it comes to virtual currency, for their officers to step in the biggest exchange’s office in their country to talk with the leaders. This is probably a signal on policy changes towards blockchain technology!

[wind change] 2018 blockchain battlefield maybe corporate level

The mainstream blockchain networks namely Bitcoin and Ethereum are not applicable for large-scale business applications. Furthermore, values are limited to transmit within the same blockchain network, therefore what looks very prosperous of blockchain projects are actually isolated from each other. This poses a opposite vision of blockchain as a value based internet.

<people’s newspaper> used whole column to report blockchain, explaining blockchain’s definition, application and the vision of blockchain technology, speaking highly of blockchain: lower the value transmission costs, enhance productivity. Meanwhile, it discloses that the main battlefield for blockchain technology may be at corporate level, as blockchain used in corporate application will substantially decrease corporate costs and liberate productivity.

Blockchain technology corporate level application will benefit a lot

Yuan Chain YCC as a corporate level blockchain-based SaaS platform will benefit significantly, which has supported many world top 500 companies’ blockchain projects in various business areas including logistics, home appliances and electric powers. Yuan Chain team holds world top 10 patent application in blockchain industry, with over 30 in processing and 2 authorized. They aim to help 10 thousand to 1 million small and medium enterprises solve funding difficulties, lower corporate costs and liberate their productivity. They plan to enlarge their team from 100 to 500 employees.

It is predicted that almost all corporations in the future 10 to 20 years will use blockchain technology to set up company, sign contracts, register digital asset and manage supply chain, logistics, sales, funding, financial, tax to gain more advantages, companies that do not make good use of blockchain technology will be eliminated.

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