- China deploys domestic blockchain across 16 ministries and 27 state-owned enterprises.
- New 96-core chip boosts network performance by nearly 50 times.
- The system supports cross-border trade, taxation, and large-scale digital infrastructure.
China is making new strides in its effort to embrace blockchain technology, despite the country’s restrictions on crypto. As part of the initiative, the country is expanding its independently developed system across 16 central ministries and 27 central state-owned enterprises.
The move highlights Beijing’s push to strengthen its digital infrastructure and reduce reliance on foreign technology. According to Dong Jin, director of the Beijing Academy of Blockchain and Edge Computing, China has made key breakthroughs in core blockchain technologies, building what he described as a trusted digital system with a “Chinese core.”
Blockchain Emerges as China’s Core Infrastructure
As per the latest reports today, China has developed advanced blockchain technologies and is using them widely across government departments and major industries. Dong Jin, a deputy to the 14th National People’s Congress (NPC) and director of the Beijing Academy of Blockchain and Edge Computing, explained that the country has made strong progress in building its own independent blockchain systems.
Speaking at the Deputies’ Corridor ahead of the fourth session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, Dong emphasized that blockchain is a cutting-edge information technology and a crucial foundation for the digital economy. He noted that blockchain helps ensure data authenticity, credibility, and traceability. This makes it one of three pillars of artificial intelligence, alongside algorithms and computing power. Dong stated,
“Through unremitting efforts, my team and I developed the world’s first software-hardware integrated underlying blockchain operating system. All 3 million lines of its source code are fully open-source and freely accessible to the public, which has greatly elevated the social value of the technology.”
He noted that the technology started gaining attention in the country before 2019. This is when the country launched pilot projects in sectors such as energy, trade, and government services. However, most of those early projects relied heavily on foreign technology, as China did not yet have its own core blockchain capabilities.
This development comes on the heels of China’s Neo blockchain’s major milestone. As Times of Blockchain reported, Neo is in final talks with major cross-chain bridge providers and stablecoin issuers to make significant advancements in the platform.
How does China Embrace the Technology?
Over the past few years, things have changed. China has invested in research and development to create homegrown solutions. This is part of the country’s aim to strengthen data security, improve efficiency, and reduce dependence on overseas technologies. Today, these efforts are helping build a more secure and self-reliant digital infrastructure.
Further, Dong revealed that China has developed the world’s first 96-core dedicated acceleration chip for blockchain, marking a major technology breakthrough. According to him, the chip has improved blockchain performance by nearly 50 times, significantly increasing speed and efficiency of the networks. He added,
“In the meantime, we developed the world’s first 96-core dedicated acceleration chip for blockchain. This chip has improved blockchain performance by 50 times. More importantly, this technology has successfully overcome the computing power bottleneck faced by ultra-large-scale blockchain networks and equipped China’s digital infrastructure with a ‘Chinese core’.”
He added that these homegrown blockchain technologies are already being widely used. At present, they have been adopted by 16 central bank departments and 27 state-owned enterprises. This shows how the technology is becoming an important part of China’s digital and economic systems.
