RE: Is Blockchain Part of China’s Master Plan for New Competitor Island to Hong Kong?
So is this why China has been so big on blockchain and pushing education on blockchain on its state employees and citizens?
Blockchain Is Part of China’s Master Plan for New Competitor Island to Hong Kong
“Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island.
The master plan encourages government institutions to use blockchain and other technologies to reform government function. Authorities hope the new modern technologies will help build a comprehensive, scientific, standardized and effective free trade port governance system. They added that:
‘We should give full play to the role of modern information technology, such as big data and blockchain, standardize government service standards through government service platforms, realize government process reengineering and government service, and strengthen orderly sharing of data and improve government service and governance level.’”
China isn’t stupid and knows blockchain will be a part of every day society in the not-so-distant future.