......... Actually no! The way these big houses/conglomerates use the term 'blockchain' is entirely different from what we guys do! I have a friend who work in one of the MNC in Acquisition & Mergers department. He told me that 'blockchain' is quite a buzzword in industry right now. The startups which market themselves as blockchain-based project easily get funding.
So I studied more about that and the results were really surprising! Most of the executives sitting in these departments don't have any clear idea about blockchain technology. As a result, low-key projects which simply molding centralized databases into somewhat decentralization are raising millions here in India.
Even state governments in India are spending millions on these blockchain startups to bring their public operations on-chain like selling contracts and licenses. However, I was really amused the way blockchain technology was wrongly explained on those government websites.
So on the whole, if you read news like this one then just assume that they are selling their services in new packet because blockchain is hot selling point in industry right now. It has little connection to the cryptocurrency world!
Are there no seminars or webinars conducted there explaining blockchain to these executives?
If what you say is true that investments kept pouring in on start ups just because blockchain is attached to it, then I see no difference with the retail investors during ICOs, IEOs, and the latest Yield Farming trends.
What will they do if they hear the word CeFi?
Just IMO, honestly, China doesn't care what and which technology are they getting patented.
All they have in mind is business. It's all about the business for them. Having patent rights has a very high advantage. You will always make a profit from it,
not just a profit but a very passive profit. Anyway, China is good at technology and they aren't trying hard for that. They can always do it for themselves. But still, business is business when it comes to this matter.
They actually care. They wouldn't have it patented if they don't. And yes, it's to protect their business interest.
Having patented a product doesn't ALWAYS translate to making a profit or a passive income from it. If nobody uses your patented product, you cannot charge anyone with fees, you won't get anything.
