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Liu Qiuwan, the Chief Information Officer at Bank of China (one of China’s four largest banks) has announced a plan to spend more on technological research, including research on blockchain. Qiuwan’s announcement came at a press conference earlier this week.
The bank is also interested in funding research on cloud computing, big data, and artificial intelligence. Local news source The Paper reported that the bank plans to spend more than 1 percent of its annual income on the research.
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Bank of China May Use Blockchain to Improve Real-Time Monitoring Systems
The bank’s ultimate goal ... (read more)