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

Featured Stories

Advertisement

Recent Stories

How to Save Your Personal Finance During the Coronavirus?

Content Creation Tactics: You Don't Have to Be a Writer

How to Develop a Successful Global Marketing Strategy

4 Best sites to buy Ethereum with Credit or Debit card in...

How to Top-up your Call of Duty: Mobile with Garena Shell...

Recent Stories

How to Save Your Personal Finance During the Coronavirus?

Content Creation Tactics: You Don't Have to Be a Writer

How to Develop a Successful Global Marketing Strategy

4 Best sites to buy Ethereum with Credit or Debit card in...

How to Top-up your Call of Duty: Mobile with Garena Shell...

Advertisement

Categories

Digital Marketings

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.