China Targets 2030 for National Blockchain Network
Edited by Steinar Vigdel Kolnes, Editor, Oslo
China's blockchain plan focuses on regional trade, finance and industrial uses while restrictions on crypto businesses remain in place, The Defiant reports.
China has set a 2030 target for a national blockchain network, according to The Defiant. The plan identifies different regional priorities for applying the technology.
In the Yangtze River Delta, the focus is on trade and finance. The Chengdu-Chongqing region is slated to prioritize industrial applications.
The initiative comes as China maintains restrictions on crypto businesses, distinguishing its push for blockchain infrastructure from its approach to cryptocurrency activity.
Source: The Defiant
