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Top 3 Chinese Blockchain-Based Initiatives - Case Studies

Last year China's State Council published a roadmap for the development of the national digital economy by 2025. In this plan, blockchain was nominated as a "key digital technology". Here are three examples of how China is adopting blockchain initiatives.

First, we can take a look at Tamadoge, a project that is receiving international attention and is anticipated to be well-liked by Chinese investors (TAMA). After selling out its initial $2 million beta presale in just two weeks, the project is already in our list of the ten hottest new cryptocurrencies for 2022. TAMA holders will be able to manufacture a virtual pet NFT in addition to receiving a meme currency with the potential for significant earnings.

Second, NEO is a Chinese cryptocurrency project that was launched in 2014 and allows smart contract agreements. It makes it possible for developers to create decentralized apps and programs that carry out transactions in a trustless and independent manner. NEO, frequently referred to as a "Ethereum Killer," is said to be able to process 10,000 transactions per second.

Finally, we have the Digital Yuan, which is supported by the Chinese central bank. Its indigenous currency, the Digital Yuan, is essentially a tokenized version that enables cashless transactions. Trials have been carried out in numerous Chinese cities, and tokens worth billions of dollars have been exchanged.

There are many lessons to be learned from the Chinese blockchain initiatives and cryptocurrency projects. Like anywhere, all that is necessary for a technology to flourish is adequate government policy and smart regulation.

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