China's New Guidelines Promote Blockchain For Data Infrastructure

According to Foresight News, China's National Development and Reform Commission, Data Bureau, and Ministry of Industry and Information Technology have released the 'National Data Infrastructure Construction Guidelines.' These guidelines emphasize the use of blockchain technology, encryption, and smart contracts to establish a trustworthy data circulation system. The guidelines encourage industries and local governments to explore blockchain networks and privacy-protecting computing platforms to enhance trust and security in data circulation. They also aim to promote the development of a nationwide integrated distributed data directory and digital identity system, while strengthening the traceability and reliability of data asset credentials. The plan sets a goal to achieve a large-scale, trustworthy data circulation framework covering medium and large cities in the coming years.