Chinese Congress member suggests expediting growth of blockchain technology
A member of China’s National People’s Congress has proposed an expansion of blockchain infrastructure to enhance government services and economic sectors in the country. Dong Jin, who is a delegate of the National People’s Congress, presented a formal suggestion during the Two Sessions meeting in Beijing. The proposal aims to utilize advanced blockchain solutions to support government services, supply chains, and trade. Jin, who oversees a national blockchain research center in Beijing, emphasized the potential of blockchain technology in managing the vast amount of data generated by China’s booming digital economy. He also mentioned the development of blockchain-based systems for various industries, such as maritime transport, supply chain finance, and energy. Despite the ban on cryptocurrency trading and mining, China remains highly interested in blockchain technology and the digital economy. Major Chinese companies like Alibaba and Tencent are actively involved in blockchain projects. In 2023, Beijing announced plans to establish itself as a leading innovation center for the web3 industry, demonstrating the government’s commitment to utilizing blockchain technology for national development.
