Over 3,000 China Companies For Having “Blockchain” in Their Names

July 19, 2018

The government of the People’s Republic of China has publicly stated that over the last seven and a half months more than 3,000 organizations in the country have officially applied for adding 'blockchain'-word to their names.

It is important to add that over the last year there have appeared 16,000 organizations that opted for integrating distributed ledger technology to their business strategy.

Meanwhile the names of around 800 officially registered companies in the US include this word which is comparable with “dotcom” boom. The effect from this move, however, was smallest as it lasted not long while technologies kept on developing.

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