News Snapshot:
China is now in the quest of unifying public and global blockchain networks through its state-backed company Red Date Technology. Nervos is its first customer. As blockchain technology remains a fast-growing industry capable of initiating the next industrial revolution, China wants to be at the forefront of blockchain technology. A few months ago, China launched the blockchain-based Service Network (BSN) spearheaded by Red Date Technology. “Initially I thought blockchain, especially distributed ledger technology [DLT], had no commercial value because it was too expensive,†said Yifan He, CEO of Beijing Red Date Technology. “Then I realized we can actually build a...
