A member of the National People’s Congress has submitted a proposal calling for expanding blockchain infrastructure to strengthen China’s government services and economic sectors.
At the Two Sessions meeting in Beijing, National People’s Congress delegate Dong Jin submitted a formal suggestion to improve the country’s blockchain infrastructure and establish industry standards.
As reported by China News Service, the suggestion aims to support government services, supply chains and trade with advanced blockchain solutions.
Jin, who oversees a national blockchain research center in Beijing, highlighted blockchain’s potential in managing the vast data resources generated by China’s booming digital economy.
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Jin noted the development of a blockchain-based system intended for various industries, including maritime transportation, supply chain financing and energy.
Despite the ongoing ban on cryptocurrency trading and mining, China is intensely interested in blockchain technology and the digital economy. Major Chinese companies such as Alibaba and Tencent are actively working on blockchain projects.
In May 2023, Beijing announced plans to position itself as a leading innovation center for the Web3 industry, signaling the government’s commitment to using blockchain technology for national development.
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