As per the publishing, traditional companies are being encouraged to build blockchain applications, wherein they will be eligible to receive a 20% subsidy on the cost of their development. The projects that will win awards for scientific and technological progress, or deliver transformation in Fuzhou can earn rewards via a payment of up to 600,000 yuan.
Blockchain adoption in China has been on the rise with some of China’s biggest companies embracing the technology. Last month, e-commerce giant JD.com applied for more than 200 blockchain patents.
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