Is China going to have its own blockchain network too? I think this still needs further consideration. Most likely, the blockchain network will be used to integrate existing information systems and replace old ways of storing information. It could be applied in government agencies, banks, and other organizations to enable data sharing between departments, trade verification, the development of common standards, and cross-border trade. Cryptocurrencies simply use blockchain technology, so developing a blockchain network and developing cryptocurrencies are two different things and should not be conflated.
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