UK, China blockchain collaboration hailed

Blockchain technology could be a highlight of collaboration between China and the United Kingdom in the years to come, according to a Chinese diplomat in London.

Speaking at the China-UK Blockchain Collaboration Seminar at the headquarters of London & Partners, the Mayor of London's official promotional agency, Bao Ling, minister counselor at China's embassy in the UK, said: "Britain has unique advantages in blockchain research, and has gathered a large number of talents and professionals. Financial technology and the UK's well-developed financial market provide rich soil for blockchain incubations."

Blockchain technology creates a secure and transparent ledger for recording and sharing data, with potential applications across a wide variety of industries.