Blockchain Startup Conflux Gets Funding From the Shanghai Government

E-mail Blockchain company Conflux has announced it received funding from the Shanghai government to aid its public chain research. This fund support is a massive boost for the company, as it's evidence that the Chinese government is strongly behind the company's permissionless blockchain project. The Chinese government supports developing a permissioned blockchain, so it's a surprise to many that the government has now given the node for a permissionless blockchain project. $5 Million in Funding The Beijing-based blockchain company revealed that the Shanghai government delivered a $5 million investment fund for the expansive research project. The project will also include…