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Blockchain technology is one of the new technologies that will build a new game-leading advantage, cited in China’s 13th Five-Year Plan (2016-2020). On the other hand, in 2018, China government has banned trading via cryptocurrencies (ICOs) in China and closed cryptocurrency exchanges operations in China. In short, China is taking a “Blockchain not Bitcoin” strategy. The fact is, Blockchain startups have been hot in China in the recent years. According a report published in November 2018 by iyiou.com, Beijing alone has 275 blockchain companies, and Shanghai also has over 100 companies. So,
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