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<h2 id="header-0">China has opened a new national blockchain research center in Beijing. The center aims to become a hub for blockchain research and development in the country.</h2><p>The Chinese government is fully supporting this initiative. The center has ambitious plans to train 500,000 professionals in the field of blockchain.</p><p>China is focusing on exploring non-cryptocurrency applications of blockchain technology. The government wants to separate blockchain from digital assets like cryptocurrencies. They see the potential of blockchain beyond financial transactions.</p><p>The research center will collaborate with universities, tech companies, and other research institutes to drive the growth of the blockchain and Web3 industries in China. Their goal is to create a network that links all the existing blockchains throughout the country, forming a nationwide blockchain infrastructure.</p><p><a href="https://coingabbar.com/en/crypto-currency-news/china-launches-national-blockchain-research-center-but-why-no-to-crypto]" rel="noopener noreferrer nofollow">China </a>has already made progress with various blockchain projects. For example, the Beijing Academy of Blockchain and Edge Computing has created ChainMaker, also known as the Chang&#39;An Chain. This open-source platform is being used in applications like recording carbon lifecycle data and creating trusted data links in the healthcare industry.</p><p>While China has banned crypto trading, the demand for cryptocurrencies remains high. Some Chinese digital asset firms have relocated their operations to Hong Kong, which has a more crypto-friendly environment. Companies like Huobi have found success in Hong Kong, thanks to its supportive policies.</p><h3 id="china-39-s-blockchain-research-center-fostering-innovation-beyond-cryptocurrency">China&#39;s Blockchain Research Center: Fostering Innovation Beyond Cryptocurrency</h3><p>The new blockchain research center in Beijing is a clear sign of China&#39;s commitment to blockchain technology. By focusing on non-cryptocurrency applications, they aim to explore the full potential of blockchain in different sectors. The center&#39;s efforts in training professionals and establishing a nationwide blockchain network will contribute to the growth of the industry in China.</p><p>China wants to become a leader in blockchain innovation and application. The research center&#39;s collaboration with universities and tech companies will drive research and development in the field. By separating blockchain from digital assets, they are emphasizing the technology&#39;s broader applications.</p><p>Overall, the opening of the national blockchain research center in Beijing marks a significant step for China in harnessing the power of blockchain. With its strategic focus on non-cryptocurrency use cases and plans for extensive training, China aims to stay at the forefront of <a href="https://coingabbar.com/en/crypto-currency-news/nigerian-govt-approves-national-policy-for-blockchain-technology" rel="noopener noreferrer nofollow">blockchain</a> technology and its applications.</p>

Chinese Government Backs Blockchain Despite Crypto Ban

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