Beijing Action Plan to Accelerate New Infrastructure Construction, Blockchain included
On 10, June, Beijing issued a Chinese Beijing Action Plan to accelerate the inclusion of new technologies. Chinese New Infrastructure Construction includes high techs like 5G, artificial intelligence, industrial Internet, blockchain, big data. The task for blockchain is "blockchain service platform"
- Cultivate leading enterprises and backbone enterprises of blockchain technology to form a highland of R&D innovation and industrial applications.
- Build a list of key blockchain enterprises in Beijing, and do a good job in service and technology promotion
- Build a government affairs blockchain support service platform, and provide "administered and shared" blockchain application support services to all departments of the city.
- Focusing on key areas such as people's livelihood services, public safety, and social credit, we explore the use of blockchain technology to improve industry data transactions, regulatory security, and integrated application effects.
- Combined with the construction of a free trade pilot zone, it supports the development of blockchain applications for e-commerce, electronic transactions, and cross-border digital trade, and improves the security and credibility of various transactions and data circulation.
In addition, It also includes "improving the operation and review mechanism of the directory blockchain".
Blockchain's tamper-proof feature is good for governance. With the help of the government, it is no doubt blockchain industry will be accelerated given the background that there is also technology competition between the US and China. As a promising technology born out of Geek spirit highlighting freedom, it is not sure too much regulation is good news or bad news. On the other side, as a technology that brings both privacy and transparency, if government put on the regulation on transparency instead of privacy, this will future centralize government powers.