#China’s Blockchain Technology Innovation – Director Liu Yunan’s Report

According to the report, Liu Yunan, director of the National Information Center, said that at present, China’s blockchain technology innovation continues to deepen, with deep integration of digital technologies such as artificial intelligence, cloud computing, big data, and the integration of scenarios and applications in multiple fields of economic and social is also deepening, and has bred and promoted new formats and new models of digital economy such as the universe, NFT (non homogeneous token), WEB 3 (new generation Internet), The importance of blockchain infrastructure is increasing day by day. In particular, building blockchain infrastructure across heterogeneous underlying frameworks has become the core issue of the healthy and orderly development of blockchain in China. (Beijing News)

Director of the National Information Center: Building blockchain infrastructure across heterogeneous underlying frameworks has become a core issue

Blockchain technology is gaining enormous popularity across the globe. China is also progressing rapidly in this technology, and the blockchain infrastructure has been an essential component of the country’s digital economy. As per the recent reports, Director Liu Yunan of the National Information Center stated that China’s blockchain technology innovation has been deepening, and the integration of digital technologies such as AI, cloud computing, and big data is also growing.
##The Progress of Blockchain Technology Innovation in China
China has been investing strongly in research and development of blockchain technology. Director Liu Yunan stated that China’s blockchain technology innovation is broadening and undergoing deep integration with other digital technologies such as cloud computing, big data, and AI. With the integration of scenarios and applications in multiple fields of economics and social development, new formats and models of digital economy are emerging, which include Universe, NFT, and Web3. The importance of blockchain infrastructure is increasing day by day, and the key issue is building this infrastructure across heterogeneous underlying frameworks.
##Core Issues of Blockchain Infrastructure Development in China
Blockchain infrastructure development across multiple platforms has become an essential issue for the healthy and orderly development of blockchain technology in China. Integration across multiple platforms is the core issue for the adequate development of China’s blockchain industry. For blockchain development to reach its maturity, the blockchain infrastructure must support rapid business growth and have the necessary capacity to process all transactions on the network.
##Integrating Blockchain Technology for Enhanced Digital Economies
With the deep integration of other digital technologies such as AI, cloud computing, and big data, the blockchain industry has been expanding into various fields such as finance, digital assets, supply chain management, education, and healthcare. The blockchain technology has been providing comprehensive solutions in various fields and has enhanced digital economies across sectors.
##Promoting New Formats and Models of Digital Economy
Blockchain technology has bred and promoted new formats and models of the digital economy. One of the formats includes NFT, which allows the ownership of digital assets to be backed securely by blockchain technology. Another format is WEB3, which is a new generation Internet that enables users to control their data and enhances privacy and security.
##Conclusion
China’s blockchain technology innovation is expanding and integrating with other digital technologies rapidly. The blockchain infrastructure is becoming increasingly important, and building it across multiple frameworks is a core issue for yet to come. By promoting new formats and models of the digital economy, blockchain technology is transforming the future of digital economies gradually.
##FAQs
###1. What is the importance of blockchain infrastructure in China’s digital economy?
Blockchain Infrastructure is essential, as it provides a secure platform to conduct transactions without the need for third-party intervention. It is vital for China’s digital economy to support rapid business growth and have the necessary capacity to process all transactions on the network.
###2. How has the integration of blockchain technology in various fields transformed digital economies?
The integration of blockchain technology in various fields such as finance, digital assets, supply chain management, education, and healthcare has enhanced digital economies by providing comprehensive solutions.
###3. What is WEB3, and how does it enhance privacy and security?
WEB3 is a new generation Internet that enables users to control their data and enhance privacy and security. It offers powerful decentralized solutions that increase the autonomy of the user and enable them to trust the system.
##Keywords
Blockchain technology, China, Digital economies, NFT, WEB3, Infrastructure, Innovation, Integration.