One of the major victims of the crisis of the Coronavirus has been the world economy. Which will face in the year 2020 to a recession of a magnitude not seen since the crash of ’29. This includes major powers such as the united States and China, which are likely to face reductions in their GDP. Why Changpeng Zhao said that China will bid for the Blockchain to retrieve your growth in our Tweet of the day:
China put a heavy focus on rebuilding the economy after the C19 pandemic, including pushing the blockchain economy. https://t.co/zLKav79KnC— CZ Binance ??? (@cz_binance) April 24, 2020
How China will focus on the Blockchain?
A common comment in recent days about the Coronavirus, is that the disease born in Wuhan has accelerated the story. Making trends that until now could only be seen on the horizon, they become topics of current agenda. Including several of the technologies of the Fourth Industrial Revolution, as the Artificial Intelligence and the Blockchain, which were just taking their first steps. However, if the world is to recover from the economic shock which has been subjected due to the pandemic, you must take advantage of the value that they offer technology such as the Blockchain. Which can serve as a base to build economies more efficient and productive throughout the planet. He knows very well China. And it is that, even before the outbreak of the crisis, as the asian giant was investing heavily in Blockchain, automation, 5G, and other technologies. With the aim of taking advantage of them to boost their economy, a process now becomes much more urgent. Why Changpeng Zhao would have commented in his Twitter account that China will bid for the Blockchain to retrieve your growth:
“China focuses on the reconstruction of its economy after the pandemic of the C19, including a boost to the economy based on the Blockchain”.
Next to this comment, Changpeng Zhao would have included a link to an article that talks about the latest developments of the virtual currency the government of china. What would illustrate his commentary on the great momentum that could receive the Blockchain by the asian giant, as a means to overcome the crisis caused by the COVID-19.