China’s appetite for Blockchain technology is getting bigger and the world needs to be ready for the breakthrough that the country may come up with, says Virgilio Lizardo Jr., vice president at Bitbank Group.
Lizardo Jr has been in China for nine years and currently lives in Shenzhen where he handles international business development and other services for companies under Bitbank including BW and Bter.
He says it remains to be seen how Blockchain-related developments will translate into successful products or services in domestic markets.
“They have a much greater chance of being successful in China because it’s for domestic use,” Lizardo Jr. states. He adds:
“Shenzhen, where our office is located is poised to be the digital currency experimentation zone and could be an example for other places. The factors for international success goes beyond just this industry, China is yet to develop a globally recognizable brand/product/service but perhaps Blockchain technology could lead to that breakthrough.”