March 09 - 13:03
China's central bank gets $4.7 million for its blockchain platform
The People's Bank of China has been awarded $4.7 million in government funding for its blockchain-based trade finance platform. The money will go into research and development projects over the next three years. Launched in 2018, the platform has since been adopted by thousands of Chinese companies for trading with government departments. China is a world-leader in blockchain applications.
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