He doesn't seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now.
Wu Zhongze, China's former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young.
During an interview with The Paper, the former IT minister also stated that there was still “not much difference between where China and leading economies such as the United States and Europe” stand in terms of developing blockchain-based ecosystems.
Wu noted, however, that China has improved across a number of sectors that are necessary for blockchain development, including hardware manufacturing, platform and security services, industry investment, and financial development, adding:
"With the innovative development of blockchain technology and industry, its application is accelerating, and the scale of the industry continues to increase.