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Blockheads: Blockchain in government and Defi antics

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  • Blockheads: Blockchain in government and Defi antics

    This week, various governmental bodies in China were busy announcing blockchain integration in their operations. Supporters in China of decentralized finance, or “Defi,” staged a protest against centralized exchanges, while police raided cryptocurrency exchange Gate.io over the listing of the Kimchi token.


    Governments love blockchain

    Huawei signed an agreement with China’s Copyright Protection Center to build a blockchain-based copyright management system dubbed “Digital Copyright Identifier.” (Tom.com, in Chinese)
    App platform Vechain is partnering with the government of Hainan, China’s southernmost province, to build a blockchain-based governance system for Wenchang, the “first aerospace cultural and tourism city.” The municipality aims to raise the profile of China’s space exploration industry. Vechain, along with Kingsoft Cloud, will build a “smart city brain” using blockchain, artificial intelligence, and big data. (Vechain official medium post)

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    Several local governments in China announced plans to integrate blockchain in their functions, while the decentralized finance ecosystem is heating up.
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