Share this article
China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
China Central Television aired an hour-long program on Sunday aimed to educate the public about the concept, potential and risks of blockchain.
By Wolfie Zhao
Updated Sep 13, 2021, 8:00 a.m. Published Jun 4, 2018, 7:30 a.m.
China Central Television (CCTV), the country's primary state broadcaster, has said the economic value of blockchain is "10 times more than that of the internet."
In a segment named "Dialogue," aired Sunday night through the station's Finance Channel, CCTV host Chen Weihong featured an hour-long discussion that was for the first time dedicated to educating its wide audience-base on the concept, potential and risks of blockchain technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The conversation also featured prominent figures from the blockchain industry in both private and public sectors including Don Tapscott, the well-known author of "Blockchain Revolution."
Other speakers included Chen Lei, CEO of cloud network giant Xunlei, and Zhang Shoucheng, a physics professor at Stanford University and founder of Danhua Capital, a venture capital firm that invests in blockchain technology.
Most notably, after Tapscott and Chen kicked off the discussion by explaining the basic concept of blockchain and distributed ledger technology, the host continued by suggesting blockchain is the second phase of the internet and has a value 10 times greater than its predecessor.
On that theme, Zhang commented:
"While the real value of the internet is aggregating individual pieces of information into one place, which is exactly what Google and Facebook does, we are now entering an era where information is being decentralized so that individuals can own their individual data. And that's the real value of blockchain that makes it exciting."
That said, the program was in parts critical of the nascent technology and the topic of initial coin offerings (ICOs) did not escape the conversation.
By summarizing some of the usual marketing slogans used by potentially fraudulent ICOs and having each speaker to explain them to the station's wide audience base, the program again signaled the station's ongoing efforts to scrutinize cryptocurrency projects in China.
Just last week, CCTV blasted domestic token sale activities as still "rampant," despite a 2017 ban on ICOs in the country.
Program image via YouTube
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Top Stories
