National People’s Congress member urges speeding up blockchain development in China | Headlines | News | CoinMarketCap

03/06/2024 15:16
National People’s Congress member urges speeding up blockchain development in China | Headlines | News | CoinMarketCap

One member of the National People’s Congress suggested that China should accelerate the development of national blockchain infrastructure to support …

One member of the National People’s Congress suggested that China should accelerate the development of national blockchain infrastructure to support government services, the country's supply chain and trade.

Dong Jin, a deputy to the NPC, stated that he had submitted a formal suggestion this week, urging the government to establish broader blockchain infrastructure and industry standards to stimulate the growth of the country’s blockchain industry, as reported by the state news agency China News Service.

He mentioned that China has produced a significant amount of data resources due to its flourishing digital economy, and blockchain technology could aid in facilitating data circulation and sharing.

Dong, who manages a national blockchain research center in Beijing, observed that the …

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