# Chinese President Xi Jinping calls blockchain a 'breakthrough' technology https://blog.cynexia.com/chinese-president-xi-jinping-calls-blockchain-a-breakthrough-technology Author: [Rob Aleck](https://blog.cynexia.com/pages/about) · https://github.com/mnbf9rca · https://www.linkedin.com/in/robertaleck/ · https://family-foqos.app/ Published: 2018-05-31 Categories: LinkedIn cross-post In his (very, very long) book 'The Rise and Fall of American Growth' ([https://www.amazon.co.uk/dp/0691147728]()), 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. [https://www.cnbc.com/2018/05/30/chinese-president-xi-jinping-calls-blockchain-a-breakthrough-technology.html]()Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has "breakthrough" applications.