Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/265646 
Authors: 
Year of Publication: 
2022
Series/Report no.: 
31st European Conference of the International Telecommunications Society (ITS): "Reining in Digital Platforms? Challenging monopolies, promoting competition and developing regulatory regimes", Gothenburg, Sweden, 20th - 21st June 2022
Publisher: 
International Telecommunications Society (ITS), Calgary
Abstract: 
The Chinese blockchain industry and market have unique, unusual and idiosyncratic characteristics. Several established companies as well as startups in China have developed and deployed innovative solutions involving blockchain. On the other hand, some uses of blockchain such as initial coin offering for capital-raising have been banned. While blockchain is a disruptive technology with a potential to transform the economy and society, it promotes decentralized governance and thus can turn centralized political structures such as those of China upside down. This paper offers an analysis of seemingly conflicting actions of the Chinese government on the blockchain front. It analyzes how China is creating a delicate balance between encouraging the use of blockchain for the growth and modernization of the economy and making sure that the technology is not used to threaten the legitimacy of the Chinese Communist Party.
Subjects: 
blockchain
China
cryptocurrency
initial coin offering
product traceability
trade finance
Document Type: 
Conference Paper

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