China Central Bank calls for speeding up blockchain implementation

The People’s Bank of China Financial Technology Committee held its first meeting this year.

Duringmeeting, Deputy Governor of the Central Bank Fan Yifei announced the need to accelerate the implementation of the national blockchain in the work of various sectors of the country. 

The deputy bank manager met with bothofficials and private company executives. During the meeting, he emphasized the importance of fintech and blockchain industries, and also assured that the country's current plan for the adoption of the blockchain will be completed by 2021.

April 25th, China launched a nationalBlockchain Service Network (BSN) blockchain platform, which allows developers to code and test blockchain applications on a centralized platform.

In addition, the meeting participants came to the following decision:

It is necessary to strengthen the application of regulatory science andtechnologies, actively use big data, artificial intelligence, cloud computing, blockchain and other technologies in order to strengthen the capabilities of digital surveillance.

Recall that earlier the Chinese government proposed a completely new “Internet standard” with a built-in tracking function.

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Based on materialscointelegraph.com