Courtesy of SHEChainRecently such outlets as Financial Times reported that China just snapped up the number one spot for the greatest number of patents pertaining to blockchain technology over any other country in the world. The race is on grab the title of innovation lead within a sector that has barely even begun to truly take flight. The company takes a unique approach to the progression of blockchain technology believing that Bitcoin’s rise to popularity, largely due to its investment value, can be categorized as Blockchain 1.0. Ethereum’s adoption as a decentralized platform for a limited set of applications is what Xunlei categorized as Blockchain 2.0. The company believes that Blockchain innovation changes the social structure and now presents an opportunity for China to surpass the Western countries with big blockchain companies developed in China.

Source: Forbes April 30, 2018 00:56 UTC