National People's Congress Representative: China's independently developed underlying blockchain technology has been applied in 16 central ministries and 27 state-owned enterprises.

Odaily Planet Daily reports that Dong Jin, a National People’s Congress delegate and director of the 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 central enterprises, making positive progress in areas such as taxation, cross-border trade, and global payments. Each year, hundreds of millions of invoices are issued on China’s自主 blockchain, with over 300,000 cross-border trade blockchain enterprises and a trade volume reaching trillions of yuan. (CCTV News)