China Blockchain Strategy: Building Infrastructure Without Crypto
China's Blockchain Strategy: An Overview
China has embraced a bold blockchain without crypto approach, heavily investing in its blockchain infrastructure. This initiative is structured around the Blockchain-Based Service Network (BSN), which promotes accessibility and integration of blockchain technology across various industries.
The Role of State-Controlled Blockchain
State-controlled blockchain projects in China are aimed at enhancing efficiency and reducing operational costs. Key sectors, particularly agriculture, are being transformed by this strategy.
Belt and Road Initiative: A Blockchain Angle
The Belt and Road blockchain initiative seeks to enhance cross-border trade and strengthen economic ties using advanced blockchain technology.
China's Push for Blockchain Professionals
- Investment in China blockchain professionals is on the rise.
- Education and training programs are being implemented to prepare a skilled workforce.
Implications of the US Clarity Act on Blockchain
As China advances its blockchain strategy, the US Clarity Act blockchain could potentially shape international blockchain regulations, influencing China's operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.