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Because this unique factor puts China Apart in The Blockchain Frenzy

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Customers watch laptops inside. Photographer: Xaume Olleros / Bloomberg&copy; 2015 Bloomberg Finance LP

As the blockchain sector develops, many in space are keeping an eye on China's progress in the arena. In fact, the recent Consent: Invite the 2018 conference also dedicated a specific part of the afternoon of a one-day conference to discuss exclusively the difference between the blockchain ecosystems of the United States and China. & nbsp; & nbsp; Whether it's fierce competitions, friendly rivalries or simply stylistic differences, China has players in space that buzz about the country's future impact on development and profound influence in the global blockchain arena. Right now, it's still nobody's game, but the balance of power, particularly from young Chinese technological minds, might seem like a suggestion from one moment to another.

Perhaps Ciara Sun, Chief Strategy Officer at the Bgogo Digital Assets Exchange, who spoke in several panels during this week's Consensus events, summarized it better. He noted that due to the fact that it is currently difficult & nbsp; to cross the border between fiat capital and digital assets, China is now focused directly on securitized tokenization and blockchain startups.

"Given the size of our market in China and our previous work with the Internet, our technology sector has refined its expertise in user acquisition, which is now being applied to the blockchain space. application & nbsp; of blockchain, while in the United States it is more focused more on innovation in this area. "

& nbsp; And if Sun is correct, doubling the identification and support of Chinese blockchain startups with such capabilities could be quite formidable. In fact, ripple affects this mentality and the skillset has an impact on the blockchain ecosystem from user to venture companies like Evo Capital. The company's approach to these business opportunities is indicative of the hive of activity in the blockchain investment space from the Chinese capital.

"Given the specific circumstances and business challenges of today, we think that the times require even more rational and clear minds to start-ups in the blockchain sector," explains Evo Capital Founding Partner, Will Ge. "Just like legal tender investments, we evaluate companies that are willing to spend time identifying problems and, if necessary, two-to-three years, solving them, and companies of this type have great potential as we see. startups to use their funds and resources to actually develop and optimize their projects rather than focus on valuing or issuing coins. " Evo Capital believes that these companies will have a huge success in applying this approach, particularly during this volatile period in the sector. In fact, the Beijing-based company is so confident that it has recently opened an office in New York City to expand its opportunities and further drive trends.

The central business district in Beijing, China. Photographer: Brent Lewin / Bloomberg&copy; 2014 LP of Bloomberg Finance

Issac Zhang, architect. Co-founder and CTO of Mapxus, which according to the company is the largest decentralized mapping platform in the world and founder of Hyperion, a blockchain company that focuses on space consensus agrees with Ge. "It might take a decade or two, to come together gradually in our lives and our daily work, but we're focusing heavily on blockchain solutions." & nbsp; Zhang says he sees adoption as a long-term process with several points of inflection.

"We believe there will be another explosion in the next two or three years and it will affect a larger population," Zhang explains. "We believe this opportunity is about mass adoption, while much of the conversation in the United States is still ongoing." & Nbsp; Therefore, Hyperion is strongly focusing on the use of digital location rights to share economic benefits and govern community transactions as it prepares.

Likewise, the launch of Partiko dApp is gaining much enthusiasm due to its proposed community integrated with the financial transaction. Created by the previous & nbsp; founder of Airbnb's blockchain community, Sida Wang's company describes itself as a decentralized Reddit with a built-in revenue model.

Wang, based in San Francisco, has been courted for his new approach to blockchain space and says: "Social media is a particularly promising application of blockchain because it allows users to own and monetize their content in a & # 39. a completely peer-to-peer and open economy.When people are contributing to content on centralized platforms like Facebook, they are giving up their personal data without getting anything in return, with the risk that their data will be sold, and increasingly people are starting to realize it.The blockchain technology provides a very solid solution to this problem "

The company reports that on average its users spend 15 minutes a day on the blockchain platform, many of them spend more time on Partiko now than on Facebook or WeChat.

What remains to be seen, however, is that if such a global blockchain approach that China seems to take could only be sustained & nbsp; as we move deeper and deeper into the fourth industrial revolution or if there is indeed some kind of currently hidden hybrid model that will push many players from various regions into great success.

In the meantime, it is about who can also stop the interferers in a faster and more agile way that cuts out the new models and blockchain trends all over the world.

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Customers watch laptops inside. Photographer: Xaume Olleros / Bloomberg© 2015 Bloomberg Finance LP

As the blockchain sector develops, many in space are keeping an eye on China's progress in the arena. Indeed, the recent Consensus: Invest 2018 conference even dedicated a specific part of the afternoon to a one-day conference to discuss the difference between blockchain ecosystems in the United States and China. Whether it's fierce competitions, friendly rivalries or simply stylistic differences, China has players in space that buzz about the country's future impact on development and profound influence in the global blockchain arena. Right now, it's still nobody's game, but the balance of power, particularly from young Chinese technological minds, might seem like a suggestion from one moment to another.

Perhaps Ciara Sun, Chief Strategy Officer at the Bgogo Digital Assets Exchange, who spoke in several panels during this week's Consensus events, summarized it better. He noted that due to the fact that at the moment it is difficult to cross the border between fiat capital and digital assets, China now focuses directly on secure tokenization and blockchain startups.

"Given the size of our market in China and the previous work with the Internet, our technology sector has refined its expertise on user acquisition, which is now simply applied to the blockchain space. application of blockchain, while in the United States it is more focused more on innovation in this area. "

And if Sun is correct, doubling the identification and support of Chinese blockchain startups with such capabilities could be quite formidable. In fact, ripple affects this mentality and the skillset has an impact on the blockchain ecosystem from user to venture companies like Evo Capital. The company's approach to these business opportunities is indicative of the hive of activity in the blockchain investment space from the Chinese capital.

"Given the specific circumstances and business challenges of today, we think the times require even more rational and clear minds to the block-breed start-ups," says Will Ge, founder of Evo Capital. "Just like legal tender investments, we evaluate companies that are willing to spend time identifying problems and, if necessary, 2-3 years, solving them." Companies of this type have great potential as we see. We encourage startups to use their funds and resources to actually develop and optimize their projects rather than focus on valuing or issuing coins. "Evo Capital believes these companies will have tremendous success in applying this approach. , especially during this volatile period in the sector. "In fact, the Beijing-based company is so confident that it has recently opened an office in New York City to expand its opportunities and further drive trends.

The central business district in Beijing, China. Photographer: Brent Lewin / Bloomberg© 2014 Bloomberg Finance LP

Issac Zhang, architect. Co-founder and CTO of Mapxus, which according to the company is the largest decentralized mapping platform in the world and founder of Hyperion, a blockchain company that focuses on space consensus agrees with Ge. "It might take a decade or two, to come together gradually in our lives and our daily work, but we are focusing a lot on blockchain solutions." Zhang says he sees adoption as a long-term process with several points of inflection.

"We believe there will be another explosion in the next two or three years and it will affect a larger population," explains Zhang. "We believe this opportunity is about mass adoption while much of the conversation in the United States is still ongoing." Therefore, Hyperion is strongly focusing on the use of digital location rights to share economic benefits and govern community transactions as it prepares.

Likewise, the launch of Partiko dApp is gaining much enthusiasm due to its proposed community integrated with the financial transaction. Created by the former founder of the Airbnb blockchain community, Sida Wang's company describes itself as a decentralized Reddit with a built-in revenue model.

Wang, based in San Francisco, has been courted for his new approach to blockchain space and states: "Social media is a particularly promising application of blockchain because it allows users to own and monetize their content completely. peer-to-peer and open economy When people are contributing to content on centralized platforms like Facebook, they are giving up their personal data without getting anything in return, with the risk that their data will be sold, and more and more people are starting to realize that this is a very solid solution to this problem "

The company reports that on average its users spend 15 minutes a day on the blockchain platform, many of them spend more time on Partiko now than on Facebook or WeChat.

What remains to be seen, however, is that such a global blockchain approach that China seems to take could support itself as we move deeper and deeper into the Fourth Industrial Revolution or if there is indeed some kind of currently hidden hybrid model that will drive a great deal. variety of players from various regions in great success.

In the meantime, it is about who can also stop the interferers in a faster and more agile way that cuts out the new models and blockchain trends all over the world.

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