Blockchain is a distributed database where every participant shares and synchronises information. Photo: Shutterstock
Explainer |
What Xi Jinping’s blockchain advocacy means for China – and the world
- Blockchain was included in the State Council’s technology blueprint three years ago and some local governments have applied it to administrative work
- Xi Jinping’s backing of blockchain created a lot of excitement in the cryptocurrency world, including renewed talk of China launching its own digital currency
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Blockchain is a distributed database where every participant shares and synchronises information. Photo: Shutterstock