China Targets 2030 for National Blockchain Network Completion
What happened
China has set a 2030 target for largely completing a national blockchain network under its five-year digital development plan. The 15th Five-Year Plan for National Informatization, issued by the Central Cyberspace Affairs Commission, calls for deeper blockchain use in trade and finance within the Yangtze River Delta. It also mandates large-scale deployment of the technology in manufacturing and agriculture in the Chengdu–Chongqing region.
From cointelegraph.com
Why it matters
The plan reinforces the government's strategic push for blockchain technology as a national priority, despite the existing ban on cryptocurrency-related business activities. This initiative aims to integrate blockchain into key sectors like manufacturing and trade, while also calling for stronger technical standards for data circulation.
From cointelegraph.com
Who's involved
- Chinese Communist PartyIssued the plan through its senior body, the Central Cyberspace Affairs Commission.
- ChongqingTargeted for large-scale blockchain deployment in manufacturing and agriculture.
- ChengduTargeted for large-scale blockchain deployment in manufacturing and trade.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AT&SSpeculative
Might see improved operational efficiency and supply chain management due to mandated blockchain use in manufacturing.
- SAIC MotorSpeculative
Could benefit from enhanced innovation and supply chain operations through blockchain deployment in manufacturing and trade.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Dongfang Electric may face new technical standards from national blockchain planNew national blockchain standards may require Dongfang Electric to update manufacturing processesPossible
- Blockchain deployment may enhance SAIC Motor's supply chainSAIC Motor may benefit from blockchain deployment in manufacturingPossible
- Blockchain deployment may improve AT&S's manufacturing efficiencyMandated blockchain use in manufacturing could improve AT&S's supply chain efficiencyPossible