Chinese President Describes Blockchain as Vital

China’s government has included blockchain in its five-year plan.

“… the Chinese State Council has already included a mention of blockchain technology as a part of the nation’s current ‘information technology reformation strategy’. This is part of a five-year plan which stretches from 2016 to 2020, and it seems evident that blockchain will play an even more significant role in the updated version of the nation’s five-year plan.”

Xi Jinping in 2016
President Xi Jinping of the People’s Republic of China recently described blockchain as a vital to China’s technical revolution.

Chinese President Xi Jinping, at a recent academic conference, announced that blockchain is a vital part of the technology revolution they are attempting to achieve in their own country.  This signals a softening of Chinese government regulations relating to blockchain, and additional funds and research aimed at increasing Chinese presence in the blockchain technology sector.

Read more about China’s pursuit of blockchain tech at Toshi Times.

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