As a researcher with a background in technology and politics, I am deeply intrigued by this recent development between Chinese President Xi Jinping and education entrepreneur and blockchain guru, Andrew Chi-Chih Yao. The fact that Xi took the time to write an open letter acknowledging Yao’s contributions to China is a clear indication of the president’s appreciation for his expertise and dedication.
On June 12, President Xi Jinping of China penned an open letter to Andrew Chi-Chih Yao, an esteemed education entrepreneur and blockchain technology expert. Yao, who holds the title of chief scientist at Conflux and is a distinguished professor at Tsinghua University, was acknowledged by Xi for his diligent efforts and accomplishments.
Acknowledging Yao’s Contributions
“Over the past two decades, since you came back to China to teach, you have effectively turned your patriotism into a valuable contribution to our nation.”
In the progression of scientific research, Yao’s contributions in education and instruction were acknowledged by Xi. He encouraged Yao to persist with pioneering interdisciplinary approaches and innovative advancements, enhancing human capital development, and fostering China’s scientific self-reliance.
Chinese Blockchain and the Position of Conflux Network
The Shanghai Municipal People’s Government-supported blockchain platform, named Conflux, positions itself as China’s first publicly accessible, regulatory-approved blockchain. It uniquely merges proof of work and proof of stake mechanisms for its consensus process.
As a crypto investor, I’m excited to share that on April 1st, the Chinese government officially announced the launch of a new large-scale blockchain infrastructure project. The Conflux Network takes the lead in this initiative, which aims to cater to various applications and is known as “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.”
As a researcher examining the current cryptocurrency landscape, I’ve come across the intriguing case of Conflux. Despite regulations in the country prohibiting initial coin offerings and cryptocurrency trading, Conflux continues to operate with its token. The price of this token sits at an impressive $0.1949, while its total market capitalization reaches a significant $785 million.
As an analyst, I can observe that President Xi’s recognition and emphasis on Yao signifies a deep comprehension of the significance of blockchain technology in China’s scientific and technological advancement, thereby underscoring the Chinese government’s strategic focus on this emerging field.
Read More
Sorry. No data so far.
2024-06-12 21:56