3 Jun Chinese television viewers learned that the “blockchain ten times more valuable than the Internet.” The source of information was the main governmental TV channel — China Central television (CCTV). Perhaps, in the history of the country’s most serious official statement in support of the technology.

Within the hour CCTV program were made by government officials and international experts on cryptocurrencies. In particular, the audience presented the Canadians don Tapscott, author of “Revolution blockchain”. For the first time a leading Chinese media have introduced the audience to the concept of the blockchain and told about its value. Although the program sounded a caution against fraud bloccano, in General, technology was given a positive assessment. It deserves attention, given that in the autumn of last year, China banned the ICO first, and then mining. When the ban went into effect, routine CCTV criticized cryptocurrency projects. However, after the program aired Chinese users rejoice to hear that the tone has clearly changed. Many of them are spread in social networks a picture of the screen with three words spoken in the course of transmission:

  • The blockchain — a new era of the Internet.
  • The value of the blockchain exceeds tenfold the value of the Internet.
  • The blockchain is a mechanism of trust.

You can easily establish the authorship of these thoughts: they belong to the bodies of the blockchain and authors from the Western media. For example, Zhang Chouchane, Professor of physics at Stanford University and founder of venture blockchain company Danhua Capital, which introduced the idea that the value of the blockchain exceeds the value of the Internet ten times. This time in the role of guest of the program Zhang said that the blockchain will become a breeding ground for companies, the scale of activities which will be at least ten times greater than the scale of Google and Facebook.

Last week, China’s President XI Jinping urged his compatriots to lead the development of advanced technologies: artificial intelligence, IOT and blockchain. Surprisingly, the latter has become extremely important for Chinese policymakers.

However, the question of unconditional and unconditional recognition of the blockchain in China is not. First, Beijing has made it clear that he needs the blockchain but not cryptocurrencies. In other words, the authorities are not interested in public blackany with mandatory tokens, since it attracts all those wishing to work in the network. In addition, banning cryptocurrencies, the official China actually rejected a number of fundamental ideas blockchain technology — for example, the concept of free movement of assets and currency, not controlled by the government. Now China’s Central Bank is developing its own centralized digital currency. Xu Hao, one of the leaders of Guizhou province, told the audience of the program is the authorities ‘ position, noting:

Speaking of blockchain, many refer primarily to the so-called decentralization. I let me slightly modify this term. I believe that the essence of the blockchain is to “de-intermediation”. To get rid of the center is impossible.

According to the materials of Quartz