Author: David Kuo Chuen Lee, Li Yan &Yu Wang To see the inserted pics clearer, plz visit the original link: https://www.tandfonline.com/eprint/AWTEU83UT8HDAVEAPS27/full?target=10.1080%2F17538963.2020.1870279& ABSTRACT This paper discusses the ke...
The Agricultural Bank of China has rolled out “digital yuan-enabled” Automatic Teller Machines (ATMs) in some of its branches across the city of Shenzhen. This move is part of the innovations that have been added to the ongoing test of China’s digital yuan project in Shenzhen. T...
The Shenzhen government said it will give away 20 million yuan (92.5 million baht) via "red packets" - gift envelopes traditionally given out during holidays and special occasions - to residents of Shenzhen's Futian district via a lottery. A total of 1861758 individuals in Shenzhen successf...
The trial of China's digital currency electronic payment (DCEP) project continues in yet another major city, Shanghai, and is being experimented in a physical card form instead of smartphones for digital payments. Medical staff at the Tongren Hospital Shanghai Jiaotong University Sc...
China has continued with the process of testing its Central Bank Digital Currency (CBDC), otherwise known as Digital Currency Electronic Payment (DCEP). This time, the real-life test has returned to the city of Shenzhen where a similar test was carried out in the last quarter of 2...
For many, 2020 has been one of the most tumultuous years in recent history. Covid-19 swept the world and greatly slowed down, if not stopped, much of ordinary daily life. But for China’s blockchain ambitions, 2020 has been full steam ahead. Even the coronavirus pandemic could not stop China’...
After the trial phase in Suzhou as an upgraded version of the Shenzhen pilot and two major banks - Postal Savings Bank of China and Bank of Communications - joining the experimentation, China’s digital currency and electronic payment (DCEP) project has reportedly found its way to Bei...
While most news regarding blockchain technology coming out of China has been focused on the country’s efforts to develop its upcoming digital yuan, cases have been popping up across the mainland that are pushing for real-world blockchain applications. In one of those cases, a government autho...
China’s head start in the distributed ledger technology (DLT) space will see its efforts politicised at some point, the CEO and co-founder of a decentralized public network powered by DLT has said. Hedera Hashgraph’s Mance Harmona said in the inaugural Forkast Forecast that though ...
While the success of all of the digital yuan trials conducted in China so far is undisputed, few have managed to gain major momentum and truly test out the system’s capabilities. However, the latest major shopping event that took place in the country during the weekend proved to be the perfect t...
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