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China Sets 2030 Target for National Blockchain Network

By The Defiant Team

The plan prioritizes trade and finance in the Yangtze River Delta and industrial applications in Chengdu-Chongqing, alongside continuing restrictions on crypto business.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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