China Plans National Blockchain Network by 2030

China aims to build a nationwide blockchain system by 2030 as part of a major digital economy push.

China is planning to build its own national blockchain network by the year 2030. This goal was officially written into a five-year plan by China's Central Cyberspace Commission, a government body in charge of internet and data security.

First, what is blockchain? It's a type of digital record-keeping system where information is stored across many computers at once, making it very hard to cheat or tamper with. It's the same core technology behind cryptocurrencies like Bitcoin, but it can also be used for many other things, like tracking shipments or storing official documents.

China wants to use this technology for practical, everyday tasks. According to the plan, the main areas of focus include:

Shipping and cargo transport (making sea and freight deliveries more efficient)
Trade and commerce
Government and tax services
Reducing pollution (tracking emissions)

Different regions in China will each get their own focus. For example:

Beijing area: blockchain for airports and smart logistics
Yangtze Delta: trade and finance
Greater Bay Area: speeding up blockchain apps
Chengdu-Chongqing: trade, manufacturing, and farming

The plan also mentions creating a system of digital identities — secure online IDs that could be recognized across different regions.

Important note: The document does not reveal a budget, who will run the network, or an exact launch date. Saying it will be "mostly complete" by 2030 doesn't mean every service will be ready by then.

This blockchain project is part of a bigger goal. By the end of this five-year period, China's government hopes to:

Grow its digital economy's main industries to 12.5% of GDP (GDP is the total value of everything a country produces)
Boost internet usage to 85% of the population

In short, China is betting big on digital technology, and blockchain is a key piece of that plan.

This is an AI-generated summary. Read the original article at: https://forklog.com/news/kitaj-zaplaniroval-sozdanie-natsionalnoj-blokchejn-seti-k-2030-godu