🚀 #China is set to leverage #blockchain for its national data infrastructure by 2029! 🇨🇳

China’s National Development and Reform Commission has unveiled a plan to develop a unified national data market, with blockchain playing a key role. Despite the ban on #cryptocurrency trading and mining, the government embraces permissioned blockchains for data management, aiming to boost traceability and trustworthiness through blockchain, encryption, and smart contracts.

With an expected annual investment of 400 billion yuan ($54.5B), this move highlights China's commitment to innovation in data infrastructure.

#BlockchainTechnology #DataInfrastructure #Innovation #TechNews
#China #blockchain #cryptocurrency #BlockchainTechnology #DataInfrastructure #Innovation #TechNews