China has set 2030 as the target for largely completing a national blockchain network under a five-year digital development plan published Friday by the Central Cyberspace Affairs Commission. The 15th Five-Year Plan for National Informatization calls for deeper blockchain use in trade and finance in the Yangtze River Delta and large-scale deployment in manufacturing and agriculture in the Chengdu-Chongqing region. The plan also calls for stronger blockchain technical standards and greater use of the technology in data circulation and trading. The project was already included in China's national development plan released in March and was called for in a joint policy published on Oct. 9. Mainland China bans cryptocurrency-related business activities but promotes blockchain as a national priority.
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- China sets 2030 target for national blockchain network
China’s National Informatization Plan for the 15th Five-Year Period, issued by the Central Cyberspace Affairs Commission and announced by the Cyberspace Administration of China on Oct. 23, sets a target to largely complete a national blockchain network by 2030. The network is planned around a central backbone, regional hubs and distributed digital identity services. Planned applications include shipping, government services, taxation and carbon reduction, with separate regional programs covering trade, logistics and manufacturing. The plan describes a construction target rather than an operational network, and it does not name a native cryptocurrency, approve token trading or give a separate spending total for the project. Development of the digital yuan remains on the agenda, but without a transaction target or integration timetable.
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