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Will the China of tomorrow run on the technology behind bitcoin?

[2019.12.01, Sun 23:03] People's Daily, the party's mouthpiece, ran an editorial on its website days after Xi's speech, saying "Officials and party cadres must understand that the top leadership attaches high importance to blockchain technology due to the prospects of its application in the real economy, people's livelihood and the state governance". Zhang Feng, chief engineer at the Ministry of Industry and Information Technology, said in his keynote speech at the event that China would seek to establish a national committee for blockchain standards and prioritise research into developing applications for it. More than 500 blockchain projects have been registered with the Cyberspace Administration of China, which in January required every entity working with the technology to register their projects for supervision. China's prosecutors used blockchain technology in the development of their e-proof cloud platforms in 2017. Zeng Liaoyuan, an associate professor of information and communication engineering at the University of Electronic Science and Technology of China, said the application of blockchain for governance was still in its early stages. "Being China, the role of the government will however not just be limited to extending out the regulatory perimeter. The state will be an active purveyor of blockchain technology in its governance systems." According to a report published in January by China Science Daily, the country's law enforcement agencies and even intelligence units are already using blockchain technology to prevent leaks.
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