#StateCouncilCallsForNationalBlockchainNetwork:
China’s State Council and Communist Party leadership have called for a national blockchain network as part of a broader strategy to integrate digital technology with the real economy.
The policy, published October 9, also promotes nationwide computing infrastructure, smarter manufacturing and stronger data-sharing systems. Authorities aim to clarify data ownership, improve trading rules and support blockchain applications across industries.
However, officials have not yet disclosed the network’s launch timeline, technical design or operating model. The initiative highlights China’s focus on blockchain infrastructure while maintaining strict controls on cryptocurrency speculation.
China’s State Council and Communist Party leadership have called for a national blockchain network as part of a broader strategy to integrate digital technology with the real economy.
The policy, published October 9, also promotes nationwide computing infrastructure, smarter manufacturing and stronger data-sharing systems. Authorities aim to clarify data ownership, improve trading rules and support blockchain applications across industries.
However, officials have not yet disclosed the network’s launch timeline, technical design or operating model. The initiative highlights China’s focus on blockchain infrastructure while maintaining strict controls on cryptocurrency speculation.