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Bitcoin Association Founding President Jimmy Nguyen accepted a CHAINSIGHTS award in Beijing on behalf of the Bitcoin SV Node project, which was feted as one of the Blockchain Technology Breakthroughs of the year. The award recognizes blockchain applications that “took the lead in combining blockchain technology with actual application scenarios in 2019.”

The honor was presented at the red-carpet EDGE Awards hosted in conjunction with the T-EDGE technology conference.  The event is one of biggest technology summits in China, organized by Chinese tech media outlet TMTPost and blockchain news and data provider ChainDD.   It comes just one day after the global Bitcoin Association successfully hosted its first BSV China conference in Beijing where Nguyen was a featured speaker along with Bitcoin inventor Dr. Craig S. Wright.

The winners were chosen after a public poll, and then final selection by a special judging panel. The award focused on projects that create a big breakthrough in key technology, and applications that create easier and optimised solutions for blockchain use.

This past week, Nguyen and Dr. Wright have taken a power-packed trip to Beijing, giving lectures to students at Asia’s #1 ranked Tsinghua University, as well as doing speaking appearances and meetings with business and technology representatives. Joining them are Bitcoin Association’s China team – China Manager Lise Li and China Ambassador Lin Zheming, CEO of Mempool.

Legal mind promotes a business friendly Bitcoin message

There’s no doubt Nguyen has been one of Bitcoin’s most prominent and energetic advocates. As Bitcoin Association president, he has spent much of the past year travelling the world and appearing on many stages to deliver Bitcoin SV’s message of massive scaling, real business use, true economic benefits, protocol stability, and legal compliance.

A former digital technology lawyer since the 1990s, Nguyen worked with many businesses to navigate early growth of the Internet economy. With that experience, Nguyen highlights that Bitcoin – like the Internet – will only achieve global usage by winning business and government support with a legally responsible approach.

This message is making Bitcoin, as Satoshi Nakamoto originally intended it, far more appealing to large enterprises, institutional investors and world governments. After years of unfulfilled promises and uncertainty over how Bitcoin should actually function, many investors and potential enterprise users had backed away. This had a negative impact not only on Bitcoin adoption, but also its unit value.

China’s leadership in blockchain

China has been a leader in the blockchain industry for years – including for mining and mining hardware, and application development. Recently, China’s President Xi Jinping gave a high-profile speech recognizing blockchain as one of the core innovative technology sectors that China should lead.

TMTPost was founded in 2012, and has become one of China’s leading business and technology media sources. It publishes in both Chinese and English.

ChainDD spun off from TMTPost in 2018, and is a blockchain news and data provider. It is the number 1 blockchain-related news app in China, and has also launched US operations to expand its global presence.

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(Excerpt) Read more Here | 2019-12-09 06:39:43
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