The Central Party school of the Communist Party of China has published a new article through which they praised blockchain technology. Through the article, the school has also shown its concern regarding the governance of blockchain across the nation.
This school of the Communist Party is one of the top institutions in the country. The main purpose of this school is to train students and the officials for the Communist Party.
Central Party school focuses on blockchain adoption in-country
The article published by the school has been titled as “Government Governance Practices of Blockchain Technology”. The school has focused more on the importance of blockchain technology adoption across the country. It has also shown how the adoption and application of blockchain technology in governance will benefit the whole nation.
Alice Crypto, @AliceolaCrypto has tweeted the article published by the school –
#China An article from Central Party School has been public. This article, “Government Governance Practice of Blockchain Technology”, discusses the benefits of adapting #blockchain tech in governance, but also mentions “to establish a sense of sovereign blockchain” pic.twitter.com/QFJFhA6eqg
— Alice Crypto (@AliceolaCrypto) March 30, 2020
In the article, it has been explained how important it is for the country to establish its sovereign blockchain. Through this, the nation will be free from any kind of foreign interference in the crypto market of the country. It also focuses on how blockchain technology will help to reduce corruption in different sectors. Estonia, a country of Europe has been mentioned in the article as an example. In Estonia, blockchain technology has been implemented in the different sectors across the nation.
The Chinese government said ‘blockchain not cryptocurrency’
In October 2019, President Xi Jinping has emphasised on blockchain technology and its development in China. From then only it could be seen that the country has been focusing more on blockchain technology.
Although the country is focusing more on blockchain technology, it has also cleared that it is only blockchain and not cryptocurrency. Despite the strictness by the country over cryptocurrency, it could be seen that bitcoin is still trading widely across the country.
Well, the mention of blockchain technology by the Communist Party’s school should be taken seriously.
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