Sohu News General Manager Cai Mingjun will leave the company at the end of April to start a blockchain project, which Sohu will invest in, our sister site is reporting (in Chinese).

The report did not mention the sort of blockchain application Cai would be working on. However, at an entrepreneurship competition in February, he expressed his interest in the technology by highlighting its potential for creating assets in the digital world.

Private and public sector development and investment in blockchain projects have increased significantly recently. On March 27, China’s central bank institute launched a platform for developing independent intellectual property rights on the blockchain. On April 13, Tencent’s Pony Ma announced a medical blockchain project in Guangxi that aims to make medical prescriptions tamperproof. Most recently, government-led blockchain initiatives have been launched in Shenzhen and Fujian province.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.