China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock
China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock
Blockchain
Tech /  Tech Trends

China plans to accelerate blockchain development and adoption in push to become a world leader in the technology by 2025

  • In a new document, China’s internet governance agencies highlighted the country’s effort to establish an ‘advanced blockchain industrial system’
  • Despite cracking down on cryptocurrencies like bitcoin, China wants to be a global blockchain leader in other applications such as intellectual property

Topic |   Blockchain
Coco FengMasha Borak
Coco Feng in Beijing and Masha Borak

Updated: 1:18am, 9 Jun, 2021

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China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock
China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock
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