Leaked Documents Reveal China’s Blockchain-Focused Plans

The government-affiliated Investment Association of China (IAC) is establishing an “International Blockchain Investment Development Center” aimed at promoting industry standards and blockchain investment partnerships and capital, Chinese local news outlet The Paper reported on March 14. .

IAC is a national social organization registered with the Ministry of Civil Affairs of the People’s Republic of China.

The Paper published on the Internet is probably the government’s “13. He referred to a statement he published on the implementation of the “Five Year Plan” and innovations in Blockchain technology.. Liu Ren, vice chairman of the China Investment Association and chairman of the Foreign Capital Committee, confirmed the validity of this document published by The Paper, saying that the increasing popularity of Blockchain was the driving force behind the establishment of this center.

According to the published document, Blockchain innovations generally include domestic and international resources, investing in China’s Blockchain projects, consulting external resources related to Blockchain, being a pioneer in international Blockchain forums and developing investment development.

Ren told The Paper that the center will be officially announced on March 18, and an international summit on Blockchain could be held in May 2018.. The published document is also stamped March 18, 2018.

Although the Chinese government has passed many laws against cryptocurrency trading and domestic use this year, it seems that it is more open to developments in Blockchain technology.. State-run Bank of China has applied for a patent published in February 2018, aimed at scaling Blockchain technology systems, and China’s largest trading site JD.com also announced that it will make an attempt to attract foreign Blockchain projects at the end of February.

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