While China continues to stomp on the cryptocurrency industry, its blockchain technology keeps advancing in accordance with the country’s national strategy and its 14th five-year plan. Ansteel Group, a state-owned iron and steel maker, is among the latest to incorporate blockchain technology into its business. Its international trade unit recently issued blockchain-based electronic credit certificates worth a total of 260 million yuan (US$40 million) to Rio Tinto Group, an Anglo-Australian multinational and one of the world’s largest iron giants, according to a company statement released Thursday. The company’s blockchain attempt marks its ambition to adopt the technology for cross-border settlements....