Chinese government agency issues blockchain development roadmap

Chinese government agency issues blockchain development roadmap

“China’s “blockchain, not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions.
China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption.The MIIT’s five-point agenda for blockchain adoption is part of a document issued on Monday detailing guiding opinions to accelerate the promotion of the emerging technology for industrial development.As previously reported by Cointelegraph, China’s President Xi Jinping previously called for rapid blockchain adoption back in October 2019.Presenting its argument for blockchain adoption, the MIIT document describes the novel technology as “an important part of the new generation of information technology.” According to the IT ministry, blockchain is among a raft of new innovations like big data and artificial intelligence that are critical to China’s continued progress.The MIIT document lists the economy, finance, industrialization and public services as the main focus for blockchain development in the country.According to the MIIT publication, traceability, data sharing and supply chain management are some of the use cases for blockchain that could have a significantly positive impact on the real economy.In the area of finance, the MIIT publication calls for the promotion of a greater intersection between blockchain and other emerging technologies like cloud computing, artificial intelligence and the internet.The MIIT’s proposal for blockchain adoption for public utilities also includes concepts like smart cities and the utilization of the novel tech in government services. The document leans heavily on the immutability of blockchain-based ledgers in improving evidence collection mechanisms in areas like judicial deposit, civil registries and administrative law enforcement activities.As part of its developmental goals, the MIIT calls for the establishment of at least three backbone enterprises and blockchain industrial clusters. The document also touches on international collaboration especially under the aegis of the “Belt and Road” initiative.The MIIT document, while leaning heavily on blockchain adoption, made no mention of crypto or tokens in general. Beijing continues to ramp up its cryptocurrency crackdown, with Weibo reportedly banning the accounts of some “virtual currency influencers.””

Source: News

Tezos: How this symmetrical triangle could kickstart a rally

“Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Since early September, Tezos’s price has progressed steadily on the chart. The creation of three higher peaks and higher lows identified a healthy uptrend as XTZ  ascended to fresh

Breaking: FinCEN Links $5.2 Billion to Bitcoin ($BTC) Ransomware Payments

“The US Treasury Department’s Financial Crime Enforcement Network (FinCEN) revealed a whopping $5.2 billion linked to ransomware payments in Bitcoin ($BTC). Fincen reportedly linked these BTC transactions to the top 10 most common ransomware attacks. The data analyzed by Fincen included 2,184 Suspicious Activity Report (SARs) filed between 1 January

Cardence Announces Upcoming IDO – SpinADA

“[PRESS RELEASE – Please Read Disclaimer] Cardence is excited to announce its up-and-coming IDO – – which among many features boasts fully anonymous transactions on the Cardano blockchain. is a fully decentralized protocol for private transactions on Cardano, which breaks the on-chain link between senders and receivers of

A New DEX is Here: MojitoSwap on KCC Chain

“MojitoSwap, a decentralized exchange (DEX) based on the KCC protocol, has gone live. MojitoSwap was created by a group of KCS community members with the goal of providing easy access to the KCC DeFi ecosystem. Unlike a centralized exchange, a Decentralized Exchange, or DEX, offers people the ability to trade