{"id":106364,"date":"2021-06-12T14:40:14","date_gmt":"2021-06-12T06:40:14","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=416491"},"modified":"2021-06-12T14:40:14","modified_gmt":"2021-06-12T06:40:14","slug":"china-govt-agency-announces-roadmap-for-blockchain-development","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/06\/12\/china-govt-agency-announces-roadmap-for-blockchain-development\/","title":{"rendered":"China gov\u2019t agency announces roadmap for blockchain development"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

China gov\u2019t agency announces roadmap for blockchain development 2 min read June 12, 2021 cryptheory
\nA Chinese government agency has unveiled guidelines designed to accelerate the adoption and use of blockchain technologies in China.
\nIn the latest move from Chinese authorities towards embracing blockchain, the Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology set out plans encompassing four separate areas for adoption.
\nThe guidelines were published as part of an industrial development strategy which aims to drive uptake of new technologies around blockchain, which is seen as a key strategic aim of the Chinese government.
\nThe position is in stark opposition to the state\u2019s view on digital currencies, which has seen them effectively outlawed for use in the country, with the exception of China\u2019s own digital yuan, which is progressing through various trial stages at pace.
\nIn setting out its vision for blockchain adoption, the MIIT paper describes the technology as \u201can important part of the new generation of information technology.\u201d According to the document, the main areas set to benefit from blockchain tech lie in economy, finance, industrialization and public services.
\nFor economic impact, the guidelines cite traceability, data sharing and supply chain management as some of the key use cases for blockchain. For finance, it describes the need for greater compatibility with other technologies, including AI and cloud computing, as well as the Internet.
\nIn the sphere of public services, the paper discusses smart cities and the increasing use of novel technologies in the delivery of public services, with immutability on the blockchain highlighted as a key area for practical use across a range of use cases.
\nThe document also calls for the establishment of a series of blockchain industrial clusters and enterprises, which would help provide the infrastructure for greater adoption across industry and public sector functions.
\nThe measures come as China continues to clamp down on the use of private digital currency, with news that the authorities have ordered the closure of social media accounts belonging to digital currency influencers in the country.
\nNew to BTC? Check out CoinGeek\u2019s BTC for Beginners section, the ultimate resource guide to learn more about BTC\u2014as originally envisioned by Satoshi Nakamoto\u2014and blockchain.<\/p>\n

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

China gov\u2019t agency announces roadmap for blockchain development 2 min read June 12, 2021 cryptheory
\nA Chinese government agency has unveiled guidelines designed to accelerate the adoption and use of blockchain technologies in China.
\nIn the latest move…<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144,936,1527,586,671,4,1607,80,81,194,472,465,1542],"tags":[7705,6601,3472,10333,10335,6823,8464,4886],"class_list":["post-106364","post","type-post","status-publish","format-standard","hentry","category-china","category-cloud-computing","category-currency","category-economy","category-finance","category-internet","category-manufacturing","category-miit","category-ministry-of-industry-and-information-technology","category-news-chinese-law","category-renminbi","category-social-media","category-technology","tag-blockchain","tag-china-technology","tag-chinese","tag-crypto","tag-e-cny","tag-fintech","tag-supply-chain","tag-yuan"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/106364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=106364"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/106364\/revisions"}],"predecessor-version":[{"id":106365,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/106364\/revisions\/106365"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=106364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=106364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=106364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}