According to a local report from Hunan province in China, the establishment of blockchain was approved in this area.
As specified by Loudi, city of Hunan, this region is ranked 17th among the national zones of block chains with a total of 788 companies that are at the forefront in the country.
The province has preliminary plans to build three main blockchain zones: blockchain industrial parks in the new district of Loudi city of Wanbao, and other special areas in Jingkai district and Gaoxing district in Changsha city.
According to the information provided by the source, the Hainan blockchain pilot zone received a fund valued at one billion yuan, equivalent to USD 142 million from the government.
To the extent that the blockchain continues its permanent expansion in the Asian country, a long-term investment of USD 2 billion is projected by 2023.
K.Villarroel
Source: cointelegraph
