In an interview with China’s Chain News, Zhang Xiaojun, Huawei’s Chief Strategy Officer for blockchain, talked about blockchain and the digital yuan and made a comment that some in the West might find surprising.
“Now no one asks what a blockchain is or whether or not a blockchain is needed,” he said. “The general consensus is that a blockchain is necessary, and more attention is paid to specific issues such as blockchain scenarios, technology, and business models.”
Nonetheless, he believes that blockchain has not yet reached maturity. From a Chinese perspective, internet maturity only started after the mobile internet took hold in 2005. Zhang sees blockchain as on the “eve of prosperity” and equivalent to 2003 or 2004.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
