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Chinese hydropower hub reveals 'blockchain computing' plan

From theblockcrypto.com

The government of the Chinese province of Yunnan has a new plan to support local blockchain development, including a move that could bolster crypto mining infrastructure in the region. The provincial government published the plan on Friday. It outlines 10 areas that it intends to support relating to blockchain development — for instance by providing state subsidies to startups in the space for rent and talent recruitment. One notable component of the plan is to "support blockchain new infrastructure construction," which means accelerating the development of "base-layer blockchain service platforms" as ... (full story)

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  • Category: Fundamental Analysis