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The Bank of China (separate from the central bank of China) announced a plan to dedicate 1% of its annual operating budget on fintech-related projects, though it has yet to disclose a specific amount.
Only 1% of 3,138 CIOs at firms in a range of industries said they had “any kind of blockchain adoption” within their organizations, according to a global survey earlier this year by Gartner Inc. While 43% of respondents said blockchain was on their radar, 34% said they had “no interest” in testing or developing it, the survey found. U.S. banks have generally lagged behind their counterparts in China when it comes to the use of blockchain and other disruptive technologies, according to Kevin C. Desouza, a professor of business, technology and strategy at Queensland University of Technology’s School of Management.
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