Blockchain-related stocks have recently made a vigorous comeback upon the news that China’s government has begun working on national standards for blockchain technology.

“Blockchain stocks are profitable.” A senior investor surnamed Fang said, firmly bullish about the future of blockchain, gaining a 8% return in the recent two days.

Not only those investors standing in the frontline are optimistic on blockchain, enterprises, governments, as well as universities are embracing it.

Blockchain’s under spotlight in China since 2016

As early as 2016, the Ministry of Industry and Information Technology released the “China Blockchain Technology and Application Development White Paper (2016)”. In December 2016, for the first time, the blockchain was written as a strategic technology and disruptive technology into” The 13^th Five-Year Plan for National Information Industry” issued by the State Council.

According to incomplete statistics by 8btc, as of November 2017, the State Council and nine other provinces, autonomous regions and municipalities like Zhejiang, Jiangsu and Guizhou have released relevant policy on promoting development of blockchain.

In April this year, a $1.6 billion government-backed blockchain fund was launched in Hangzhou and soon Guangzhou followed the suit by initiating a $76 million government-guided blockchain fund.

Enterprise invests over 100 million on blockchain R&D 

Business executive of HyperChain said that the blockchain industry attaches great importance to technical input, and the cost of research and development in some enterprises even surpasses tech giants BAT. He disclosed the company have made a big budget for R&D costs – more than 100 million yuan ($16,000,000).

Blockchain industry is driven by technology. A company could stand out by virtue of its blockchain products and underlying technology. As the need for different products increases, more professionals are wanted in this industry. High payment thus becomes a lure to woo talents. A programmer could get 200k to 600k ($30,000-90,000) a year and millions yuan for a technical director.

Step up to train blockchain professionals

Zhejiang University, one of China’s oldest and most prestigious institutes of higher education, is reported to offer its first course related to blockchain and digital currency this September, in an effort to keep up with demand from students and their future employers. The course will focus on the cutting edge technology behind bitcoin and related practices.

The course, launched by the College of Computer Science and Technology (CCST) of Zhejiang University, is targeted for senior undergraduate and graduate students. It is reported that the curriculum is under well preparation, both in theory research and substantial practices. And the course’s textbook has been published.

Prior to that, world-class universities have offered blockchain courses to meet the increasing market demand, Princeton, Stanford, and Massachusetts Institute of Technology (MIT) in the United States, Oxford and Cambridge in the United Kingdom are all on the list.

8btc, one of the earliest bitcoin and blockchain news site in the country also engages in personnel training in partnership with local universities. Its latest course attracted blockchain enthusiasts and entrepreneurs with traditional business background from all over the country including Beijing and Hong Kong.