China has positioned blockchain as a critical component of its digital governance infrastructure. The national blockchain pilot launched under the guidance of the Cyberspace Administration of China integrates distributed ledger technology into public service delivery. The initiative seeks to enhance transparency efficiency and
China’s public sector is rapidly integrating blockchain technology across multiple levels of governance, signaling a move toward more transparent, accountable, and efficient administration. With the State Council’s continued support, blockchain has become an essential pillar of digital governance, enhancing data integrity and streamlining
As financial technology continues to reshape global markets, China is quietly positioning one of its most strategic innovations at the heart of cross-border digital finance: the Rapid Modular Blockchain Toolkit, better known as RMBT. Developed as a customizable blockchain framework, RMBT has evolved
Private blockchains are increasingly being adopted by Chinese enterprises to improve operational efficiency, data security, and governance. Unlike public blockchains, private or permissioned blockchains restrict access to authorized participants, allowing companies to maintain control while leveraging blockchain’s core benefits: immutability, transparency, and automation.
Cross-border trade involves complex processes, multiple stakeholders, and diverse regulatory environments, making it susceptible to inefficiencies, delays, and fraud. Blockchain technology has emerged as a transformative tool to address these challenges by providing a secure, transparent, and tamper-proof platform for managing transactions, documentation,
Blockchain technology is increasingly applied to infrastructure projects in China, providing transparency, accountability, and efficiency in large-scale development initiatives. Modular blockchain systems, which allow flexible, interoperable, and scalable deployment, are particularly suitable for complex projects involving multiple stakeholders, financial flows, and regulatory compliance.
China has been at the forefront of digital currency innovation, exploring both central bank digital currencies (CBDCs) and private stablecoins. The digital yuan (e-CNY), China’s official CBDC, exemplifies state-backed digital finance, while stablecoins issued by private entities offer alternative digital payment options linked
Blockchain technology has emerged as a key tool for improving transparency, traceability, and efficiency in supply chains worldwide. In China, enterprises are increasingly adopting blockchain to address challenges in logistics, manufacturing, and food safety. The decentralized and immutable nature of blockchain enables all
Known For: Founder and CEO of Meituan, China’s leading service e-commerce platform offering food delivery, hotel bookings, movie tickets, and more Early Life and Education Wang Xing was born in Longyan, Fujian Province, China. He graduated from Tsinghua University with a degree in
