China has established itself as a blockchain technology hub and currently leads in the use of the innovation. The nation has filed the highest number of blockchain patents globally. The East Asian country has a new world title.
According to data by InWara, out of 583 token offerings launched in 2019's first half, those Chinese in origin raised the most capital. Chinese projects have so far raised an astounding $1.18 billion, which is 33.2 percent of the money raised from token sales in 2019. This quite surprising since China's government is primarily viewed as crypto bearish.