Opinion | China's crypto ban creates a golden opportunity for the US — if it doesn't mess it up. By DrSarahManski of GeorgeMasonBiz.
, including Amazon, Cargill, CVS, IBM, Seagate, and Visa. And many companies that are not currently using blockchains are developing plans to use them soon.
Blockchains hold the potential to distribute power away from the state and other traditional institutions to the wider public. Like an open portal of internet communication, uncensorable cryptocurrencies are threats to the Chinese Communist Party's authority. Making DLTs illegal is not only an impossible attempt to completely maintain state control of communications, finance, and markets, but it will also cripple innovation in Chinese private industry.
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