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Chinese Communist Party Calls for National Blockchain Network
The Central Committee of the Chinese Communist Party has issued an opinion urging the creation of a national blockchain network to better integrate China’s real and digital economies. The proposal builds on earlier programs that developed blockchain applications for various purposes across the country. The document, issued jointly with the State Council, describes blockchain as a key technology for managing data more efficiently and for linking a national integrated computing network. It calls for improvements in systems for data property ownership identification, market transactions, rights distribution and interest protection, and for pilot projects that demonstrate the use of data elements on the network. The plan also references the “East data, West computing” initiative, which aims to relocate computing centers from eastern to western regions to exploit abundant resources. The move reflects China’s ongoing focus on blockchain-driven digital transformation.