A new initiative aims to integrate blockchain into infrastructure, promoting digitization and confidence in various sectors.
Beijing has unveiled a two -year plan aimed at promoting the development and adoption of blockchain in various sectors. The initiative, announced on April 29, is supported by local organizations such as the municipal commission of municipal sciences and technologies in Beijing and the Cyberspace Administration Office.
The project will extend from 2023 to 2027, emphasizing the integration of blockchain into infrastructure and industries.
The plan recognizes blockchain as essential to industrial digitization and digital infrastructure. Among its objectives, there is to improve the extraction of value for digital assets, potentially referring to the crypto extraction opportunities.
The initiative also focuses on the progress of cryptography, confidential IT and distributed systems. It includes the development of blockchain infrastructure, such as national hubs and digital identity platforms.
The key industries identified for the application of blockchain include health care, education, AI models, financial services and transport.
By 2027, the project should introduce blockchain chips and a trusted identity system with a user base of more than 100 million.
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