China considers blockchain fundamental for innovation

Chinese President Xi Jinping said more should be done to develop intelligent transport and intelligent logistics and "promote a deep integration of new technologies such as big data, the Internet, artificial intelligence and blockchain with the transport sector, to ensure more movement. easy people and a smoother flow of goods, "according to the transcript reported by the state news agency Xinhua.

China has actively developed blockchain technology, with many projects thriving not only on its domestic territory, but also abroad. For example, its Blockchain-based Service Network (BSN) - a public-private national infrastructure project to stimulate the mass adoption of blockchain technology - is creating portals in Hong Kong, South Korea, Turkey and Uzbekistan. br>
Chinese President Xi Jinping Meanwhile, China is pioneering the world's first major state digital currency or CBDC. The electronic Chinese yuan (e-CNY) is issued by the Chinese central bank, the People's Bank of China and is slowly being distributed to Chinese consumers. Many expect the digital yuan to be formally launched in time for the Beijing Winter Olympics in February.