Will the China of tomorrow run on the technology behind bitcoin?

Blockchain, a new technology most associated with cryptocurrencies like bitcoin, looks set to play a major role in China’s governance after receiving an endorsement by Chinese President Xi Jinping, observers say.Speaking at a study session for members of the Politburo last month, Xi said blockchain would play “an important role in the next round of technological innovation and industrial transformation”, suggesting it will be central to the country’s race against the United States for…

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