China has recently made a move to further push forward its blockchain implementations. The National Blockchain Technology Innovation Center has now been officially activated in the capital city of Beijing. Supported by various Universities, think tanks, and businesses, the institution is all set to revolutionize blockchain in the country with specialization courses for more than 500,000 professionals.

The project, first announced in February, is spearheaded by the Beijing Academy of Blockchain and Edge Computing. They have also put their own ChainMaker blockchain forward in order to act as the blueprint for the Center’s development. Fifty business corporations have already been enlisted to assist this vision, the majority of which are state-owned including some big names like China Construction Bank and China Unicom. Its goal is to create powerful and “ultra-large-scale” blockchain clusters that will link the “blockchain islands” in the country together.

The Academy’s director, Professor Zheng Zhiming, also stated the aim is to tool various blockchain use cases for the general public. This follows the government’s clampdown on cryptocurrencies, and China’s expansive attempts to research and develop digital economies. AI development is also on the cards through weak semiconductors, helping them avoid the import of single type of high-tech hardware from the United States. Moreover, the digital yuan project has also been widely adopted, encouraging in-depth use cases especially when it comes to cross-border trades and the Belt and Road Initiative.

In the end, it’s safe to say that Chinese technology is taking giant strides in the right direction, and the national Blockchain Technology Innovation Center is certainly playing a major role in helping the country reach its blockchain goals.



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