Summary
- The Chinese government said it is pushing to build a national blockchain network.
- It plans to promote the integration of the real economy and the digital economy through a nationwide integrated computing network and a national blockchain network.
- It said it will refine systems for confirming data ownership, market trading, and the allocation of rights and interests, while supporting the digital transformation of manufacturing and the development of the industrial internet.
Forecast Trend Report by Period
China is pushing to build a national blockchain network.
The Chinese Communist Party Central Committee and the State Council recently outlined the plan in an opinion on developing “new quality productive forces,” according to the People’s Daily, the party’s official newspaper, on October 10.
The plan is part of a national economic development strategy aimed at promoting integration between the real economy and the digital economy. To that end, China plans to build a nationwide integrated computing network and a national blockchain network, while optimizing the deployment and operation of data infrastructure.
Beijing also plans to refine systems for confirming data ownership, market trading, and the allocation and protection of rights and interests. It will also advance pilot projects so data can be used as a factor of production that generates economic value, while supporting the digital transformation of manufacturing and the development of the industrial internet.
Specific details, including the construction timeline and operating model for the blockchain network, were not disclosed.
Uk Jin
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