Techub News reports that, according to CCTV News, Dong Jin, a National People's Congress delegate and director of Beijing Microchip Blockchain and Edge Computing Research Institute, stated that China's independently developed underlying blockchain technology has been applied to 16 central ministries and commissions and 27 state-owned enterprises. Significant progress has been made in areas such as taxation, cross-border trade, and global payments. Currently, hundreds of millions of invoices are processed annually on independent blockchains, with over 300,000 enterprises involved in cross-border trade on-chain, and trade volumes reaching trillions of yuan. He emphasized that blockchain is one of the most critical infrastructures in the development of the digital economy, and the blockchain-specific acceleration chips developed by his team can improve performance by 50 times.