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A National People’s Congress member has submitted a proposal advocating for expanding blockchain infrastructure to bolster China’s government services and economic sectors.
At the Two Sessions meeting in Beijing, Dong Jin, the National People’s Congress delegate, submitted a formal suggestion to enhance the country’s blockchain infrastructure and establish industry standards.
As <a href="https://www.chinanews.com.cn/cj/2024/03-06/10175046.shtml" target="_blank" rel="noopener noreferrer nofollow">reported</a> by China News Service, the suggestion aims to support government services, supply chains, and trade with advanced blockchain solutions.
Jin, who oversees a national <a href="https://crypto.news/tag/blockchain/" data-type="link" data-id="https://crypto.news/tag/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> research center in Beijing, highlighted the potential of blockchain 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 transport, supply chain finance, and energy.
Despite the ongoing prohibition on <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="noopener noreferrer nofollow">cryptocurrency</a> trading and <a href="https://crypto.news/tag/mining/" data-type="link" data-id="https://crypto.news/tag/mining/" rel="noopener noreferrer nofollow">mining</a>, China is intensely interested in blockchain technology and the digital economy. Major Chinese corporations like Alibaba and Tencent are actively working on blockchain projects.
In May 2023, Beijing <a href="https://crypto.news/beijing-government-publishes-web3-white-paper/" data-type="link" data-id="https://crypto.news/beijing-government-publishes-web3-white-paper/" rel="noopener noreferrer nofollow">announced</a> plans to position itself as a leading innovation center for the <a href="https://crypto.news/tag/web3/" data-type="link" data-id="https://crypto.news/tag/web3/" rel="noopener noreferrer nofollow">web3</a> industry, signaling the government’s commitment to leveraging blockchain technology for national development.
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Chinese Congress member proposes accelerated blockchain development

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