On April 3, twelve major Chinese crypto mining companies came together with leading Chinese blockchain media companies to officially launch an information-sharing platform, chosen Pow Power. The companies included Canaan, AvalonMiner, Inter Hash, Huobi Pool, OkEx Puddle, and others.

Pow Ability's official alphabetic character indicated that a lack of transparency has increased the public demand for more trustworthy and transparent information when it comes to mining.

This ultimately inspired the mining community to build Pw Ability. According to the announcement, a transparent standard reference alphabetize volition be released first on Pw Power. Information technology added that:

"The index reference will be based on market supply and demand, acquirement observation and public opinion. The miners and mines' supply and need information will exist collected and published regularly on the "POW Ability" WeChat public platform."

The announcement pointed out that problems, such equally censored industry data and the monopoly of resources, take acquired many mining companies to find it hard to attract investment and continue to operate.

Demand for transparency is existent

As of press time, China has deployed distributed ledger technologies to rails and tape medical supplies, charity donations, and monitor the spread of the virus.

Other actions have been taken as well, as Cointelegraph reported previously, Chinese journalist, Sarah Zheng of the South People's republic of china Morning Post, used the Ethereum blockchain network to bypass Chinese government censorship to store interview content online.