September 18, 2020

The number of searches for the word “blockchain” in China has increased thirteen times a day

The number of searches for the word “blockchain” in China has increased thirteen times a day

Search queries for the keyword “blockchain” made a breakthrough in the Chinese search engine Baidu and WeChat messenger, after technology support by Chinese President Xi Jinping. It is reported by TheBlock.
The word blockchain was introduced 72,049 times perBaidu search engine system, which is 1382.79% more than the day before, and 3331874 times on WeChat, showing a 329% increase. The positive impulse continued on the weekend: volumes grew by about 170% in WeChat and Baidu on Saturday.
At the same time, keyword search volumesBitcoin did not receive the same strong impulse. So, on Friday, the popularity of the request fell 5% on both WeChat and Baidu. However, the next day the situation changed and their number grew by 144% on WeChat and 216% on Baidu.
Sudden increased interest of ChineseBlockchain and Bitcoin Internet users are largely related to President X's endorsement of the technology. At a meeting with the leadership of the Communist Party on Thursday, Xi stressed that China must commit itself to the development of blockchain technology and take a leading position in this area.
Although earlier officials of the Chinese government did notonce commented on the blockchain and cryptocurrencies, the mention of X is probably the loudest public endorsement of the blockchain that Beijing has ever received.