Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Saturday, 25 June 23:53 (GMT -05:00)

Business And Politics News

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
It's interesting to note that the ministry defines the "blockchain engineer" as a person working on architecting, developing, testing systems apps. At the same time the "blockchain app operator" is focused on the methods the blockchain apps are based upon, including the apps used in industrial production, education, and other public sectors.
The key thing here is that they recognize blockchain engineer and blockchain developer as two distinct professions. Yet, this is crucial for the industry since it allows the stats experts to figure out the amount of such professionals and their involvement. In particular, it will be possible to track the employment and the demand in order to adjust the educational plans accordingly.
Another example is, the first signs of a bubble burst in the blockchain sector may appear if the amount of people employed in the blockchain sector will decrease and the amount of general-purpose developers will increase respectively. However, if the amount of those employed in the blockchain sector keeps on growing steadily year over year, this will be the sign that the industry is stable.
At the same time, those official names for jobs in the industry will mean the start of regulation activities in the industry. ST Daily reports that such experts also have their ethics.
The international community seems to have reacted positively to the news. The announcement on the China Daily website got 1500 likes and 450 actions on Weibo. Some companies started posting blockchain-related vacancies.
The Chaning Face of the Chinese Economy
The results of the first official professions list in China was published in 1999. It has been expanded regularly ever since due to the fact that the CHinese economy keeps expanding and getting more complex, with new industries, sectors, and professions emerging on a regular basis. For example, in 2019 it was expanded with such professions as "eSport Athlete" and "Drone Pilot".



You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

SEC Announces $10M Bounty For Whistle Blowers

Publication date: 17 September 12:38 PM

Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

U.S. Labor Market Disappoints, Economy Slows Down

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM

USA May Take Steps To Support National Economy After COVID-19 Pandemic

Publication date: 07 March 08:15 AM