China has successfully entered the emerging technology sector. With blockchain and artificial intelligence only a few decades old, they are still new industries, and new entrants have little difficulty catching up. China's share of the digital sharing platform industry is growing, according to surveys.

The cost of entry into the data servicesmining site industry is much lower than that of high-tech manufacturing, and it is tempting to pursue developed-country high technology more quickly. China has increased its investment in high-tech manufacturing and services over the years, and it has paid off. In terms of cumulative investment in artificial intelligence, Chinese firms are now second only to American firms. China is also a major supplier of scientific publications on artificial intelligence and other related topics. This wealth of data demonstrates that China is in an excellent position for AI R&D.

Blockchain applications have enormous potential for increasing efficiency. This technology has the scalability to help enterprises maintain security and privacy while meeting their needs. Leading data technology companies have made significant technological advances and significant investments in blockchain R&D. The StateUsed miner Administration of Foreign Exchange of China established a blockchain-focused trading platform in March 2019, a central government organization to assist SMEs with financial services. The China National Information Center's Smart City Development Research Center is collaborating with China Mobile and China UnionPay, among others, to launch a dependable and controlled blockchain service network.

The new crown epidemic has undoubtedly accelerated blockchain adoption, and the approach is particularly well suited to meet the needs ofbitmain the new occurrence economy. To complete food traceability, for example, or to finance the supply chain. Because technical limitations caused various needs to be suppressed for a long time, the entire blockchain platform industry will meet the customized needs of enterprises in large numbers.