China-U.S. Blockchain competition intensifying

Story originally published at Asia Times

The Chinese are catching up to the Americans in the area of blockchain-related investments, according to a report from New York-based research firm CB Insights.

The researchers found that China accounted for 22% of blockchain investments in 2019, compared to 31% for the US. This represents a significant improvement for China when compared to 2015, when it had a meager 2% while the US was getting 51% of total funding, Cointelegraph reported.

Headlined by the trade dispute of 2019, competition between the US and China has intensified in recent years. That’s unsurprising considering they’re the two largest economies in the world. At best, however, the findings of this CB Insights report only suggest that US-China competition is intensifying in the blockchain space as well. It doesn’t give a clear picture of which country is ahead in blockchain development.

In addition, given that there is a slew of conflicting blockchain investment reports out there, it’s difficult to say for sure just what proportion of global blockchain investment goes to either country. For instance, according to CB Insights, 2019 saw a global investment volume of about $2.8 billion, down from $4.2 billion in 2018.

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Wall St legend who picked last 2 “investments of the decade” reveals “#1 for 2020s”

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Microsoft in the ‘80s…

Amazon in the ‘90s…

Apple in the 2020s…

Bitcoin 2010.

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ELON’S FINAL MOVE​

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

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New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” – Will this disrupt the entire $1.3 trillion EV boom?


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$30 Stock Freaking Out Billionaires

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The Best TaaS Stock Right Now

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Up to 20,000 IPOs All in One Day

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