Ethereum and its impact on Microsoft and China
Microsoft gives rewards tokenized with ETH
The tech giant, Microsoft, partnered with the Enjin gaming company to launch a tokenized rewards program that will depend on Ethereum. The company has already printed some 12,000 non-expendable badger tokens using the ERC-1155 Ethereum token standard.
It is known that Microsoft is related to some Blockchain companies. However, due to recent statements, it is positioned as the most important corporate defender of ETH.
In fact, the company has declared a disconcerting amount of activities on its smart contract platform. In addition, he has used this technology to democratize Artificial Intelligence and build an Ethereum smart contract confirmation process.
Microsoft is expected to maintain its supportive stance towards cryptocurrencies and blockchain technology. And especially his preference for Ethereum.
China and its “anti-crypto” policy
On the other hand, China still maintains a jealous stance on cryptocurrencies. That includes Ethereum.
Although members of the crypto community are trying to keep the digital currency trade alive, the Chinese authorities have different positions.
The Chinese administration wants to prevent residents of the country from following Ethereum's transactions. In addition, the administration hates the association between Blockchain and the digital currency.
This may be due to the statements of the president, Xi Jinping, where he encouraged the adoption of Blockchain. However, the problem for regulators begins when the adoption of the blockchain includes the possibility that the population has access to the cryptocurrency.
In fact, ETH's explorer, Etherscan.io, was hampered by the Great Firewall of China. Etherscan allows customers to easily view smart contract transactions and addresses on the Ethereum public Blockchain. But a report says the site has been 100% hampered in China since December 2.
Positions such as these seek to discourage members of the crypto community who wish to conduct operations in China. And the restrictions are not only against Ethereum, but all digital currencies in general.
But, despite this, that the president has announced that he sees Blockchain technology with good eyes, filled many members of the crypto community with optimism. Since they consider that there are now more possibilities for restrictions against digital currencies to soften a bit.
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