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China Opens Blockchain Research Centre to Train 500,000 Experts
China is known for its strict stance on cryptocurrencies, with the country banning ICOs (Initial Coin Offerings) and shutting down cryptocurrency exchanges in 2017. However, the government has continued to push blockchain development for industrial use, believing in the potential of the technology. China’s latest move towards promoting blockchain technology is the opening of a national blockchain research centre. The centre aims to train 500,000 blockchain professionals and establish a national-level blockchain network. In this article, we will explore this latest development in China’s blockchain industry and what it means for the future.
The Launch of the National Blockchain Research Centre
On May 5th, 2023, China opened its national blockchain research centre in Beijing, approved by the Ministry of Science and Technology. According to a report from state-run media outlet Xinhua, the centre will work with universities, research institutes, and companies to train workers and support China’s digital economy. The centre also aims to establish a national-level blockchain network that will connect existing blockchains in China and support other industries.
