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

Advertisement

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

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
Staff
 

Ken is a web developer and SEO chonin who writes reviews and How-to guides on social media, fund transfers, fintech, web development, blockchain technology while trying to learn more in online marketing.

Advertisement
Advertisement
ExpressVpn Ad
Get it Now

Featured Stories

Advertisement

Recent Stories

3 Handy Tips for Video Management for Professional Editor...

Prepare a mind-blowing assignment with these great tips!

Rabbit Finance —The yielding mining excess earnings pro...

Business Today: Get to Know All About the Trending Flexib...

Six DIY SEO Tips to Save a Handful of Pennies

Startups

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Ledger

Mythical Games

Recent Stories

3 Handy Tips for Video Management for Professional Editor...

Prepare a mind-blowing assignment with these great tips!

Rabbit Finance —The yielding mining excess earnings pro...

Business Today: Get to Know All About the Trending Flexib...

Six DIY SEO Tips to Save a Handful of Pennies

Startups

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Ledger

Mythical Games

Technologies

Revolutionary Impact of Machine Learning on Financial Sec...

Identity Verification for Global Solutions

Crypto FinTech, Plutus, with First Non-Custodial Card lis...

SEO Trends and Effective Marketing Strategies To Rank Web...

5 Effective Tips for Getting Into IT with Zero Experience

Advertisement

Marketing

Six DIY SEO Tips to Save a Handful of Pennies

5 Digital Marketing Tips for Manufacturing Companies

A Proven Way to Get Botox Clients

10 Digital Marketing KPIs to Track in 2021

How to Organize your Customers Efficiently and Strategica...

ExpressVpn Ad
Get it Now

Gaming

USDT Is A Game Changer For Online Poker

Supporting the Growing Blockchain Gaming Industry, BitMax...

How to Buy Steam Wallet Code using Paymaya (2021 Updated)

6 Ways VR Can be Dangerous to Users

How to buy Steam Wallet Code using Palawan Pawnshop

Advertisement

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

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