All investors should do their own research and form their own hypotheses prior to buying or selling any cryptocurrency
Following the Chinese ICO and exchange ban, many people stopped paying attention to China's Blockchain and Cryptocurrency industry.
I was in Shanghai the week after the new regulations were released and to my surprise, many of my conversations with crypto experts gravitated toward technological goals as opposed to the day-to-day price volatility concerns that I was used to hearing about back home. When we spoke about regulation, nearly everyone I talked to shared my opinion that regulation would be beneficial as digital currency becomes more mainstream.
Just as China is ahead of the US in mobile payments and is investing heavily in artificial intelligence research, Chinese companies are not ignoring the immense potential of Blockchain technology.
One of the smaller companies with tokens that I am watching closely in 2018 is Vechain.
VeChain is a product management platform integrated with Blockchain technology that puts unique IDs on the Blockchain. Vechain is focusing on transparency through anti-counterfeiting and supply chain management. Counterfeit luxury goods are a big problem (some sources say it’s over a 400-billion-dollar problem and VeChain, if successful, could offer a transformative solution.
VeChain has a strong team and has already established some compelling partnerships with organizations like PwC. Ideally and eventually, Vechain will implement their technology and help diminish numerous supply chain inefficiencies. If Vechain can execute, they could be a leader in item validation, and capture a meaningful portion of the growing cross border e-commerce market.
The Chinese blockchain industry, from small companies with tokens to major enterprises, is flourishing and should not be ignored. I took a bold bet on China over a decade ago and remain as convinced as ever that Chinese innovation will resume at a rapid and competitive pace.
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