China has issued guidelines for promoting the application of blockchain technology and industrial development.
According to the announcement, China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) has identified four main areas for applying blockchain technology.
This document introduces the basic principles and future development priorities of emerging technologies integrated with distributed networks, encryption technologies, smart contracts and other technologies in various provinces and cities in China.
The basic principles mainly focus on five aspects: application traction; innovation-driven, ecological cultivation; multi-party coordination; safety, and order.
Documents from the MIIT list the real economy, public services, industrial foundation, and modernisation as the main focus of the country’s blockchain development.
For the real economy, the Chinese government advocates making use of blockchain…