China is taking significant steps in evolving its national data infrastructure using blockchain technologies. A new initiative, launched by the National Development and Reform Commission (NDRC) and two other bodies, aims to modernize data exchange and management systems.
Aims and Features of the New Initiative
According to the 'National Data Infrastructure Construction Guidelines,' blockchain will be used to achieve security in systems through smart contracts. The main aim is to protect authentic data with a focus on security. The full system is expected to be ready by 2029, with top-level design to be completed by 2026.
Security and Trust Through Blockchain
The initiative highlights blockchain's importance in data security tasks and building public trust. It will help reduce data tampering and other security issues, creating a trusted data circulation system and a secure environment against data thieves.
China and Blockchain: Current Projects and Plans
Despite the ban on cryptocurrencies like Bitcoin in 2021, China is actively exploring blockchain. In 2022, China's Cyberspace Administration started a blockchain research program and is using technology for international projects like the Belt and Road Initiative.
China's adoption of blockchain as a key element in its national data infrastructure signifies a strong commitment to ensuring data security and trust. This move could significantly change data management approaches not only domestically but globally.
