Sanya International Blockchain Summit 2019 – Focus on Blockchain Penetration with Government Partnership

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Sanya International Blockchain Summit 2019 - Focus on Blockchain Penetration with Government Partnership

  • November 29 witnessed the International Blockchain Technology Innovation Summit Forum 2019.
  • IOST has been a passionate attempt that does not leave a single opportunity to spread the branches of blockchain technology.
  • The Hainan Blockchain Pilot Zone, established on September 30 last year by the Hainan Provincial Department of Industry and Information Technology.

November 29 witnessed the International Blockchain Technology Innovation Summit Forum 2019. The Forum, held in Sanya, Hainan focused on the penetration of blockchain technology in the government as well as the enterprise sector for precise information.

Terry, IOST co-founder was one of the renowned demeanor in the summit shared his ideas about the benefits of blockchain technology in these sectors followed by a healthy discussion with the public and the private sector to embrace the technology.

Partnership with Hanain government is expected by the IOST so that it can utilize its profound technical expertise and further integrate it with the blockchain technology. The integration is likely to invite tremendous opportunities in the industry.

Held under the guidance of the Hainan Provincial Department of Industry Information Technology, the International Blockchain Technology Summit was successfully held with another august gathering such as Asian Blockchain Industry Research Institute, Technology Industry Promotion Working Committee, China Science and Technology Industrialisation Promotion Association.

Some other technology giants included the Central University of Finance and Economics Blockchain and Digital Economy Research Center, Beijing Digital Economic Research Institute, Fuxing City Internet Innovation, and Entrepreneurship Park, Hainan Provincial Doctoral Fellow Industrial Promotion Association and Hainan Software Park. 8 BTC with some other bodies were from the media side to adorn the summit.

Some official bodies to embellish the summit with their speeches expressing a firm support to the blockchain technology about including it in the government sector included the former deputy director of the Beijing Regulatory Bureau of China Securities Regulatory Commission, the former director of Bureau of Industry Affairs of the Ministry of Industry and Information Technology and the former deputy director of the Research Bureau of People’s Bank of China. They were the ones to show good interest to merge bureaucracy with the technology.

IOST has been a passionate attempt that does not leave a single opportunity to spread the branches of blockchain technology. Since the launch, it has been ambitious to explore various new possibilities associated with this technology and mass adoption.

The unique PoB system under IOST was among the significant technical breakthrough in the blockchain era. During its initial stages, it got tremendous attention from the leading global investors and other forms associated with blockchain in technology commercialization.

For now, the special focus is China, the second-largest economy of the world. IOST is likely to completely utilize the opportunity of expanding the blockchain technology in China as China has a huge potential to penetrate in every corner of the world.

The Hainan Blockchain Pilot Zone, established on September 30 last year by the Hainan Provincial Department of Industry and Information Technology, has a competitive aim for escalation and mass adoption of the blockchain technology. It further focuses to support and bring more industries in this field through incubation, financial aids, and integration.

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