News Snapshot:
A new study of how Chinese firms have been making use of the millions of dollars they have injected into blockchain technology has found that companies are prioritizing government-related developments and financial sector solutions. The report, published by Securities Daily (via East Money), looked at how 23 publically listed companies have been spending the funds they have invested in blockchain-themed R&D since 2016, the year when larger Chinese firms “began testing the waters†of blockchain research. The likes of Yuanguang Software , primarily an enterprise software provider, have increased their R&D spending by just under 7% per year – around...
