China should Grab the Opportunity to Adopt Blockchain Technology — Xi Jinping

October 25, 2019 09:36 PM    Ken Karlo   By Ken Karlo
462
China should Grab the Opportunity to Adopt Blockchain Technology — Xi Jinping

China should Grab the Opportunity to Adopt Blockchain Technology — Xi Jinping

October 25, 2019 09:36 PM     Ken Karlo   By Ken Karlo
462
Advertisement

Xi Jinping, the president of the People's Republic of China highlighted the implementation of blockchain technology plays an important role in new technological revolution and industrial innovation according to a report from Xinhuanet.com.

Xi made the speech in the 18th collective study of the Political Bureau of the Central Committee of the Communist Party of China. And stressed out that the blockchain as an important breakthrough for independent innovation of core technologies.

Xi Jinping pointed out that it is necessary to embrace the opportunity of integrating blockchain technology, function expansion, and industry segmentation, and play the role of blockchain. 

The CPC leader emphasized that it is necessary to strengthen the guidance and regulation of blockchain technology in the country, establish the research and analysis of blockchain security risks.

"It is necessary to strengthen basic research, enhance the original innovation ability, and strive to let China take the leading position in the emerging field of blockchain, occupy the commanding heights of innovation, and gain new industrial advantages" Xi said.

Despite banning Bitcoin and cryptocurrency in the country, China's central bank has been researching and developing its own digital currency and higher chance it would be called as their national digital currency and ready to launch it in the near future. 

Featured image via ABS-CBN

Updated 05:59 PM UTC+8, 26 Oct 2019
Advertisement
Ken Karlo
Ken Karlo
Founder
 
A web developer and has great interest on Blockchain technology. An SEO Jounin who's trying to learn more in digital marketing and in SEO industry. Writing on "how to" guides, social media, block chain, and tech news.

Related Stories

The first Blockchain Phone to integrate the Binance ...

Disrupting The World's Biggest Investment Market

The Role of Blockchain in Cybersecurity

Featured Stories

Advertisement

Recent Stories

Introducing Stronghodl: An Effective, Easy-To-Use Cryptoc...

The first Blockchain Phone to integrate the Binance Chain

How to Improve your Local Business Marketing

Top 10 Tips for Starting your own Business that will Succ...

What Your Business Needs To Know About Cloud Security

Recent Stories

Introducing Stronghodl: An Effective, Easy-To-Use Cryptoc...

The first Blockchain Phone to integrate the Binance Chain

How to Improve your Local Business Marketing

Top 10 Tips for Starting your own Business that will Succ...

What Your Business Needs To Know About Cloud Security

Press Release

Introducing Stronghodl: An Effective, Easy-To-Use Cryptoc...

Disrupting The World's Biggest Investment Market

Press Release

Introducing Stronghodl: An Effective, Easy-To-Use Cryptoc...

Disrupting The World's Biggest Investment Market

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

Advertisement
x
By using this website, you agree to our Terms and Conditions and Privacy Policy.