China's New Blockchain Initiative Enhances Belt and Road Collaboration
China Partners With Conflux for Its Latest Blockchain Initiative
China has unveiled a major blockchain platform in partnership with Conflux's developer to enhance trade and collaboration along the Belt and Road Initiative. The initiative received collaborative support from prominent institutions to develop an advanced blockchain platform for multiple countries, focusing on economic, trade, and cultural exchanges.
Strategic Importance and Global Reach
- Objective: Developing an advanced blockchain platform for international cooperation
- Collaboration: Involving institutions like Shanghai Jiao Tong University and Fudan University
- Applications: Supporting economic, trade, and cultural exchanges
The project symbolizes China's commitment to blockchain technology and international cooperation while complying with the cryptocurrency ban through a partnership that excludes crypto-related activities.
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