🔜China is leveraging blockchain to achieve its national data infrastructure goals by 2029📲
China’s top economic planner has released a policy document to boost the development of its national data infrastructure, with blockchain heavily involved. The Chinese government bans cryptocurrency trading and mining but has long embraced other applications powered by permitted blockchain technologies.
Chinese authorities have published a policy document to boost the development of its national data infrastructure, including the implementation of blockchain technology, as the country aims to complete this infrastructure by 2029. In guidelines released Monday, the National Development and Reform Commission — the country’s top economic planner — and two other authorities said that China’s data infrastructure development is still in its final stages. Early stages The government intends to build the infrastructure as part of its broader push toward a unified national data market.
China’s government continues to ban cryptocurrency trading and mining, but has long embraced other applications powered by permissioned, non-token-based blockchains.
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