Tsinghua International Blockchain Association (TIBA) news roundup 29 October
China is poised to become the world’s first cashless society and should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to new research from the South China Morning Post (SCMP). Source: Business Blockchain HQ / South China Morning Post
China’s digital currency approach will favor its domestic retail system and prevent the dollarization of the economy according to Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC). Source: Cointelegraph
A new report points to a surge in China’s digital trade surplus in 2019, as Beijing steps up efforts to drive the growth of the digital economy. The 2020 China Digital Trade Development Report released by the National Industrial Information Security Development Research Development Centre indicates that in 2019 China’s digital trade surplus was 187.39 billion yuan, for a year-on-year rise of 46.1%. Source: China Banking News
A new insurtech research institute that focuses on blockchain applications was officially launched on 27 October in Shanghai. The Insurance Blockchain Innovation Centre has been established by the Shanghai Insurance Exchange (SHIE) with members of industry, with the mission goal of “further energising applications of the blockchain to the insurance sector.” Source: China Banking News
A shipment of milk powder from New Zealand dairy processor Fonterra to China’s Sichuan New Hope Trading has become the first blockchain trade transaction between the two countries. Source: Global Trade Review
Compiled by Nico Gous (nicogous@gmail.com / nico.gous@yahoo.com)
