On July 5th, Beijing launched the first integrated blockchain system in China, which will significantly enhance the role of the digital economy in the city.
First Integrated Blockchain in China
Beijing has become the first city in China to implement an integrated blockchain system, led by Tang Jianguo. This initiative aims to strengthen Beijing's position as a national leader in digital economy advancements. "Beijing has built the country's first blockchain software and hardware technology system," stated Tang Jianguo.
Economic Impact on GDP
The launch of this system significantly increases the influence of necessary digital companies in Beijing's overall economic structure, with over 40% of the city's GDP being formed by the digital economy.
Technological Infrastructure Over Crypto Market
The research team indicates that the regulatory focus on enhancing regional technological infrastructure remains consistent over time. This highlights the historical evolution of tech priorities in Beijing. While Bitcoin (BTC) continues to trade in the market, attention is being redirected to developing technological foundations rather than crypto assets.
The introduction of the blockchain system in Beijing marks an important step in the development of the city's digital economy, emphasizing its commitment to technological progress.
