Chinese President Xi Jinping calls blockchain a ‘breakthrough’ technology

In his (very, very long) book 'The Rise and Fall of American Growth' (, Robert Gordon lays out an argument that not only is growth slower than than people think, but that the growth spurt from 1870 to 1970 was, by all accounts, a one-off, and growth today is reverting back to the long term mean. Xi Jinping doesn't buy that, arguing that IOT, blockchain, AI, quantum and mobile computing are poised to drive a new spurt of growth which will exceed even that triggered by the industrial revolution. Only time will tell who's right.
Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has “breakthrough” applications.