A new initiative aims to integrate blockchain into infrastructure, fostering digitalisation and trust in various sectors.
Beijing has unveiled a two-year plan aimed at promoting blockchain development and adoption across various sectors. The initiative, announced on 29 April, is supported by local bodies like the Beijing Municipal Science and Technology Commission and the Cyberspace Administration Office.
The project will span from 2023 to 2027, with a focus on integrating blockchain into infrastructure and industries.
The plan recognises blockchain as essential for industrial digitalisation and digital infrastructure. Among its objectives is enhancing the value extraction from digital assets, potentially hinting at crypto mining opportunities.
The initiative also focuses on advancements in cryptography, confidential computing, and distributed systems. It includes developing blockchain infrastructure, such as national hubs and digital identity platforms.
Key industries identified for blockchain application include healthcare, education, AI models, financial services, and transportation.
By 2027, the project is set to introduce blockchain chips and a trusted identity system with a user base of over 100 million.
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