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On January 6, authorities in China announced intentions to create a comprehensive national information infrastructure, with blockchain technology identified as a key element.
This initiative aims to establish a cohesive national information market by 2029, facilitating information sharing and usage across the country.
While the plan shows potential, officials recognize that the initiative is still in its initial stages.
Blockchain and Telecommunications Networks Propel China’s Initiative
According to China’s top economic planner, the National Development and Reform Commission (NDRC), the initiative will be rolled out in phases.
The first phase, covering 2024 to 2026, concentrates on enhancing the design and construction of the national information infrastructure.
INTEL: China aims to utilize blockchain technology to achieve national information infrastructure goals by 2029
— Strong Intel
(@solidintel_x) January 8, 2025
The subsequent phase, spanning 2027 to 2028, aims to establish a robust system capable of supporting large-scale data flow and ensuring seamless connectivity.
This phase will also integrate data networks with computing power facilities, laying the groundwork for a unified digital ecosystem throughout China.
Central to this vision is blockchain technology, which acts as the backbone for achieving secure and transparent data management.
The Chinese government plans to create standardized frameworks for data assets and transaction certificates, utilizing blockchain technology, encryption, and smart contracts to improve traceability and reliability.
These actions align with China’s broader objectives for data security and management.
In addition to blockchain, the government is committed to upgrading the nation’s existing 5G networks to 5G-Advanced (5G-A) standards.
These enhancements promise increased speeds, reduced latency, and expanded connectivity.
With peak download speeds of 10 gigabits per second and upload speeds of 1 gigabit per second, the upgraded 5G-A network aims to meet China’s growing data demands, creating a more resilient and energy-efficient infrastructure.
While China maintains a restrictive approach to cryptocurrencies, including a ban on crypto trading and Bitcoin mining, its focus remains on the potential of blockchain beyond tokens.
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The implementation of blockchain technology for data infrastructure reflects the country’s intent to prioritize green energy and environmental sustainability in the coming years.
China’s Data Infrastructure Initiative Includes Focus on 6G Technology Research
China’s guidelines for the national data infrastructure also highlight the advancement of research in 6G technology.
Although still in its early stages globally, 6G promises to revolutionize data transmission with faster speeds, improved reliability, and connectivity for more devices than ever before.
China aims to begin commercializing 6G technology by 2030 and anticipates that the standard-setting for the technology will be completed by 2025. pic.twitter.com/KYC4aYcQsr
— BRICS News (@BRICSinfo) December 15, 2024
The country’s emphasis on data infrastructure is not new. Blockchain development became part of China’s national strategy in March 2021 through the “14th Five-Year Plan.”
This strategy outlined initiatives to bolster the blockchain industry across 29 provinces and cities, illustrating the government’s long-term vision for integrating advanced technologies into its economy and governance.
China has met the #5G development targets of its 14th Five-Year Plan ahead of schedule, a vice minister of industry and information technology stated at a conference Thursday, noting the country had constructed 4.14 million 5G base stations by the end of October, with 29 stations per 10,000 people. pic.twitter.com/eWaz15suRZ
— China Science (@ChinaScience) December 13, 2024
Shanghai advanced this vision in July 2023 with an implementation plan to develop a blockchain-based digital infrastructure between 2023 and 2025.
This regional initiative focuses on enhancing blockchain applications in economic and governance systems.
These efforts directly support the national goal of establishing a unified data infrastructure by 2029, demonstrating coordinated actions across all levels of government.
The economic implications of this initiative are significant.
Zhulin Shen, deputy director of the National Data Administration, recently noted that the plan could attract 400 billion yuan ($54.5 billion) in direct investment annually.
Over five years, this could total an investment of 2 trillion yuan ($272.7 billion).
The initiative is likely to influence economic policies, business strategies, and consumer technology, reinforcing China’s position in the global digital economy.
The post China to Adopt Blockchain Technology for National Data Infrastructure by 2029 appeared first on Cryptonews.
