Chinese City of Nanjing Creates $1.5 Billion Blockchain Fund
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Chinese City of Nanjing Creates $1.5 Billion Blockchain Fund
Nanjing, capital city of Jiangsu province, has launched an investment fund worth 10 billion yuan to promote blockchain technology and a token-based economy, according to a report from local news source ZDNet.
Nanjing is one of China’s most important cities. It is one of the country’s four historical capitals (the others being Beijing, Luoyang and Xi’an) and today it is the site of one of the world’s biggest inland ports. Located in the east of the country, it has a population of just over 8 million people and more than 30 million in the metropolitan area.
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