The Political Bureau of the Central Committee of the Communist Party of China conducted the 18th collective study on the status quo and trend of Blockchain technology development on the afternoon of October 24.
Xi Jinping, general secretary of the CPC Central Committee, emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation.
We must take the blockchain as an important breakthrough for independent innovation of core technologies, clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.
Xi Jinping delivered a speech while presiding over the study. He pointed out that the application of blockchain technology has extended to digital finance, Internet of Things, intelligent manufacturing, supply chain management, digital asset trading and other fields.
At present, major countries in the world are accelerating the development of blockchain technology. China has a good foundation in the field of blockchain. It is necessary to accelerate the development of blockchain technology and industrial innovation, and actively promote the development of blockchain and economic and social integration.
BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.— Pomp 🌪 (@APompliano) October 25, 2019
This will be the space race of our generation.
America has to embrace the technology, including Bitcoin, or we risk being left behind.