China has been accused on the grounds of being hideous in their behaviour. The first case of Covid-19 was diagnosed in November, but the news of the outbreak only gained attention later. The media reports state that since that time, more than 66,500 lives have been lost. The crypto mining industry has taken this pandemic crisis as an opportunity to propagate transparency and freedom of speech in China via Pow Power.

On April 3, twelve major crypto mining fish came together to officially<a href="https://mp.weixin.qq.com/s/tVOHKZ2MNV4f1vKvT3N-ng"> launch</a> Pow Power, along with Chinese blockchain media companies. The companies include Canaan, OKEx, Inter Hash and others.
<h2>What Pow Power Brings to The Table</h2>
The official letter of Pow Power states that during the pandemic, there was a sheer lack of transparency and trustworthy means of communication. Given this, public demand has proliferated for transparent news. The crypt mining community cited this as a reason to come up with Pow Power. The official letter further stated :
<blockquote>"The index reference will be based on market supply and demand, revenue observation and public opinion. The miners and mines' supply and demand information will be collected and published regularly on the "POW POWER" WeChat public platform."</blockquote>
The announcement also highlighted the problems of resources monopoly and censored industry information which has made it difficult for mining companies to attract finds and ability to operate.

China has adopted blockchain at a great scale during these turbulent times and deployed distributed ledger to track and record medicine supplies, charity donations and keep an eye on the spread of the virus.

China has censored corona content to quite some degree in the country. However, people are finding a way around it and Sarah Zheng of the South America Morning post, deployed Ethereum blockchain network to dodge the censorship imposed by the government of China and provided corona content online.

You May Also Read.
<ul>
 	<li><a href="https://www.cryptoknowmics.com/news/people-bank-of-china-moves-forward-to-boost-its-blockchain-network/">People Bank Of China Moves Forward To Boost Its Blockchain Network</a></li>
 	<li><a href="https://www.cryptoknowmics.com/crnewsypto/fcoin-founders-relatives-allegedly-intercepted-and-blocked-from-leaving-china/">FCoin Founder's Relatives Allegedly Intercepted and Blocked From Leaving China</a></li>
 	<li><a href="https://www.cryptoknowmics.com/news/china-based-bitmain-reveals-two-high-speed-bitcoin-miners/">China-based Bitmain Reveals Two High-Speed Bitcoin Miners</a></li>
</ul>

Pow Power to Provide Enhanced News Transaparency in China

Major crypto mining firms in China have come togehter to launch Pow Power to provide more transparency to the news content in China

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Pow Power to Provide Enhanced News Transaparency in China

Top Picks