In the latest news centered around the topic of blockchain on our DC Forecasts crypto news site, we are focusing on China’s latest government-sponsored rankings of major cryptocurrencies which placed Bitcoin (BTC) on the 15th place, Ethereum (ETH) at the second and EOS (EOS) as the clear winner when it comes to its advances in blockchain technology.
The rankings were released in a press release on January 24th.However, they were first announced in May last year, in which EOS keeps its place as the most dominant blockchain behind an altcoin, occupied by the platform since June 2018.
What’s also interesting is the fact that the ninth CCID Global Public Chain Technology Evaluation Index has also placed EOS first in the ranking, just like the last such index which was released in December of last year.
The second position is held by ETH and Bitcoin, surprisingly for many, falls on the 15th place in this ranking. Many analysts think that Ethereum would be first if there wasn’t a major delay on its Constantinople hard fork.
Ripple, however, seems to be advancing in the field of blockchain. As we recently reported, XRP is launching a blockchain research scholarship in partnership with a major Chinese research university.
Guangdong Province In China To Use Blockchain-Based Tax Payment Platform
“Blockchain technology has established a highly mutual trust data sharing mechanism among tax authorities, invoice service providers, taxpayers and other parties. This is a major reason for the tax authorities to take a new step in deepening the [technological] reform [by] the distribution services.”Back in December 2018, one of the bigger cities in the Guangdong province-Shenzhen announced its success story of how blockchain technology helped with the tax invoices via the messaging app WEChat payment platform. Also, last year in November, the capital of the Guangdong and one of the most developed economic zones in China, Guangzhou, was chosen as a headquarters city for the new blockchain alliance. The alliance involves 54 different companies and is promoting blockchain technology in finances and trading. Countries around the world are opting for blockchain-based tax solutions because of the higher efficiency and transparency.
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