A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of $1.5 billion. The alliance, formed by government research institutes and blockchain companies, revealed the bold initiative at the first Industrial Public Chain Summit (IPCS). Among the high-level government official attendees, there was the Deputy Secretary of the Communist Party of China, Luo Qun.
Good article, that's a lot of money going into blockchain projects, glad to see it. I'm wondering if some of the money will find its way into NEO, the Chinese ethereum.... The last I checked NEO was already a top 12 coin and we all know how the chinese like to support their own. Opinions, is NEO a buy here.....?
Read the full story here...
https://www.ccn.com/chinese-city-starts-a-1-5-billion-fund-to-promote-public-blockchain-projects/