China’s National Blockchain Network and Computing Power Plan

China has unveiled a policy document outlining 19 measures aimed at boosting technology-led industries and bridging the digital economy with real-world production. The plan includes the establishment of a national blockchain network and an integrated computing power network. The policy document, released by the Communist Party of China Central Committee and the State Council on Oct. 9, emphasizes the importance of improving regulations on data ownership, trading, rights allocation, and participant interest protection. It also advocates for pilot projects that treat data as an economic resource and enhancements to national data infrastructure. In a move to enhance the digital economy,…