September 22, 2020

Chinese President considers blockchain development a country's priority

Chinese President considers blockchain development a country's priority

Chinese President Xi Jinping said the country should "take a leading position" in the development blockchain innovation.

According to a local Xinhua publication.net, Chinese President Xi Jinping said on Thursday that the Communist Party should consider blockchain as the main technology for implementing important innovative breakthroughs, and it is the party that is obliged to accelerate its development and adoption.

Xi made this statement at a meeting with membersCommunist Party, through seminars regularly held by the central committee. This is the first time that the party’s central committee has collectively studied blockchain technology.

Xi stressed that China already has a solid foundation for the development of technology, so the country should “take a leading position in the still emerging blockchain industry.”

According to Xi, China will promote the integration of blockchain technology with the real economy and solve pressing problems in existing banking and financial systems.

According to the materials www.theblockcrypto.com