Replies to post #11361 on Livechain Inc (LICH)

[Sean Portman]

Thanks. Here's some articles and some excerpts to show why they're worth reading. Might directly be linked to LIVECHAIN/LIVEDAO, may not. Direction from company is needed. But I thinking in one way or another, LIVE will get a piece as a 5g crypto coin

Per data from the China Academy of Information and Communications Technology, China is likely to invest up to $411 billion in 5G over the next decade.
https://finance.yahoo.com/news/china-telecom-launch-blockchain-enabled-114611430.html

Developed by China Telecom, the blockchain application ecosystem described in the white paper intends to solve major issues in operating mobile networks, including fraud, harassment, loss of data and crimes related to identity theft. Moreover, the white paper also describes a project of SIM card-based blockchain digital asset management system.
As previously reported, the combination of 5G and blockchain can potentially contribute to a surge in economic value, partly because 5G’s capability to directly assist blockchains by increasing node participation and decentralization, as well as allowing for shorter block times, driving on-chain scalability
https://criptoglobalcurrency.com/2019/08/31/china-telecom-releases-white-paper-on-5g-blockchain-phones/

In March 2019 the CCB released its 2018 report showing that the blockchain trade finance platform by the end of 2018 had already transacted 200 billion yuan ($30 billion).
!!!this one is huge
Cointelegraph reported in August that according to unconfirmed sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity.
https://criptoglobalcurrency.com/2019/10/13/major-chinese-bank-updates-blockchain-platform-after-50-b-transacted/

This one has so much in it that even after reading it multiple times, it's still hard to fully grasp possibilities but I found 2 excerpts
It is these new applications that are driving the projections for the economic impact of 5G. A study from Qualcomm showed that 5G could lead to $12.3 trillion in additional global GDP by 2035.
IoT will rely on this capacity and ability for tremendous numbers of devices to connect with each other. It has been estimated that there could be as many as 100 billion IoT connections by 2025, according to research from Huawei, with growth likely turning exponential after that.
https://criptoglobalcurrency.com/2019/03/31/the-implications-of-fusing-5g-and-blockchain/