The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin.

The conference was officially organized by the World Blockchain Foundation, with the Hunan AsiaCoin Blockchain Charity Foundation and Hunan AsiaCoin Business School.

China’s Ministry of Industry and Information Technology (MIIT) backed the event, with several government and industry leaders attending.

The MIIT also contributed to a blockchain industry research paper last month. Notably, the paper referred to financial services as the first industry to feel blockchain’s benefits.

Ref: https://news.bitcoin.com/chinese-govt-blockchain-conference/