China’s first announced in February National Blockchain Technology Innovation CenterIt is stated that work has started for
According to the statement, China 10 May It officially started working in Beijing, the capital of the country. The center will collaborate with universities, think tanks and blockchain businesses to develop blockchain technology in China. In addition, the institution is in the field of distributed ledger technology. 500,000It aims to train more than 1,000 experts.
China Continues to Explore the Digital Economy
Leading the new center Beijing Blockchain and Edge Computing Academy, developed the ChainMaker blockchain to serve for developments in the blockchain hub.
ChainMaker, among them China Construction Bank and China Unicom It is backed by a group of 50 commercial companies, mostly state-owned, including big names such as The center will accelerate the construction of ultra-large-scale blockchain computing power clusters, local media reported.
Professor in the Faculty of Mathematics and Systems Sciences at Beihang University Zheng ZhimingHe said that the center has a mission to connect various blockchain use cases into a single cohesive network.
“Connecting blockchain application platforms and bringing together application ecology will significantly increase blockchain innovation capabilities and core competitiveness,” Zhiming continued.
As the pressures on cryptocurrencies continue, the Chinese government continues to actively explore the possibilities of the digital economy. Chinese companies are working on artificial intelligence development methods through weaker combinations of semiconductors and chips to overcome dependence on a single type of high-tech hardware imported from the US.
The country also continues to develop the central bank’s digital currency. China announced in April that it has expanded the use of the digital yuan to the Belt and Road initiative and cross-border trade.
