Meet Red Date, the Little-Known Tech Firm Behind China’s Big Blockchain Vision

Building an application on a particular blockchain, even on a small scale, is highly costly. For example, if you build an application using three nodes and a consensus order, you would need four virtual machines, which are worth about 120,000 yuan ($17,000) on Alibaba, He said, adding the minimum cost for a DLT app in China ranges from $28,000 to $43,000.