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State Authorities Offer Incentive Benefits to Blockchain Enterprises

Fuzhou, a Chinese state will offer rent subsidies and cash rewards to startups and industrial firms embracing blockchain technology
China’s authorities still promoting crypto technology besides the woes of the impinging trade war in the crypto space

On June 11, 2019, Fuzhou, a China city is reported to be offering rent subsidies to blockchain businesses to boost the industry’s growth. The state plans to issue the incentive in three measures in a bid to accelerate the growth of its industries. The companies in Fuzhou will be eligible to receive up to $86,800 in relief on rent bills per year for three years.

Traditional Companies Not Left Out

The state-run news outlet reports that traditional industries who are experimenting with the applications of blockchain technology will be…

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