The Deputy of the national people’s Congress representatives tan Czechin recommended the establishment of a national Fund for the development of the blockchain, which will be supported by the authorities.
In his opinion, this technology has huge economic potential and could stimulate the creation of new jobs. Currently, however, the number of organizations working in this field is small, so the Deputy wants to strengthen their position and to stimulate growth. To this end, he proposed to create a separate Fund that will help “grow the company-unicorns.”
Tan Czechin also recommended the inclusion of the blockchain in the industrial development programme for the next five years and to develop a unified technical standards, industrial application, system design of the highest level. The MP believes that the distributed registry will help to modernize the control system.
The government began to actively support the blockchain after may 2018, XI Jinping emphasized the importance of this technology for the development of China’s economy.
text: Ivan Malichenko, photo: Shutterstock