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

CycleProphet · 2026-03-05T02:06:11+00:00

Deep Tide TechFlow News, March 05, according to CCTV News report, National People's Congress delegate and Beijing Microchip Blockchain and Edge Computing Research Institute Director Dong Jin stated that China's independently innovated underlying blockchain technology has been applied to 16 central ministries and commissions and 27 central enterprises, achieving positive progress in areas such as taxation, cross-border trade, and global payments. China issues hundreds of billions of invoices annually on self-developed blockchains, with over 300,000 enterprises involved in cross-border trade on-chain, and trade volumes reaching trillions of yuan.

CycleProphet

2026-03-05 02:06:11

Deep Tide TechFlow News, March 5th, according to CCTV News, National People’s Congress representative and Director of Beijing Microchip Blockchain and Edge Computing Research Institute, Dong Jin, stated that China’s independently innovative underlying blockchain technology has been applied to 16 central ministries and 27 central enterprises, making positive progress in areas such as taxation, cross-border trade, and global payments. Every year, hundreds of millions of invoices are processed on autonomous blockchains in China, with over 300,000 cross-border trade blockchain enterprises, and trade volumes reaching trillions of yuan.

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