In China, most blockchain R&D funds are going toward this segment


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In China, most blockchain R&D funds are going toward this segment By Cointelegraph Posted on Author mikephite In China, most blockchain R&D funds are going toward this segment A report published by Securities Daily explained how China’s publicly-listed companies spend the millions they have allocated toward blockchain R&D. The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of their annual revenues toward such purposes. The majority of these funds are spent to further government-related solutions. The report highlighted that Yuanguang Software, an enterprise software provider, have...