 Blockchains with Chinese CharacteristicsNir Kshetri ()
Chapter Chapter 4 in Blockchain in the Global South, 2023, pp 83-111 from Springer Abstract: Abstract The Chinese blockchain industry and market have unique, unusual, and idiosyncratic characteristics. Several established companies as well as start-ups in China have developed and deployed innovative solutions involving blockchain. On the other hand, some uses of blockchain such as initial coin offerings for capital-raising have been banned. While blockchain is a disruptive technology with the 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 chapter 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. Keywords: 3TG minerals; China; Chinese Communist Party; Initial coin offering; Techno-utilitarian model; The EU Conflict Minerals Regulation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-33944-8_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-33944-8_4 Access Statistics for this chapter More chapters in Springer Books from Springer |
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