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China’s Massive Blockchain Training Initiative Takes Off

China’s Massive Blockchain Training Initiative Takes Off

China aims to train a significant number of blockchain professionals after the establishment of a new national blockchain research center in Beijing.

Collaborating closely with universities, technology companies, and research institutes, the center seeks to advance the development of China’s blockchain and Web3 industries. The Chinese Ministry of Science and Technology has officially endorsed this research center.

Although blockchain technology is widely known for its application in digital assets, the Chinese government has strictly opposed cryptocurrencies, banning crypto trading in 2021. Consequently, supporting the country’s blockchain sector necessitates separating the technology from its cryptocurrency use cases.

According to the South China Morning Post, the research center’s objectives include training new blockchain professionals and establishing a nationwide blockchain network. This network will interconnect existing blockchains in China, fostering cross-chain development.

One notable Chinese blockchain is ChainMaker, also known as the Chang’An Chain. Developed by the Beijing Academy of Blockchain and Edge Computing, ChainMaker is an open-source platform. The government-backed research institute is actively involved in the new center’s operations.

The State Grid is one of the entities interested in harnessing the potential of the Chang’An Chain. It plans to utilize the platform for recording carbon lifecycle data on-chain.


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Chinese organizations are collaborating on the Xiaotong Medical Chain in the healthcare sector, built using ChainMaker. This medical chain aims to establish trustworthy data connections, enabling medical institutions, government authorities, and insurers to securely share information.

Despite China’s cryptocurrency ban, the demand for cryptocurrencies among the Chinese population remains robust, making it challenging to enforce the blanket ban. Consequently, Chinese digital asset firms have sought refuge by relocating their operations from mainland China to Hong Kong.

Unlike Beijing’s stance, Hong Kong has created a favorable environment for cryptocurrency businesses, attracting some of the world’s largest crypto firms. Companies like Huobi have expanded their presence in the city, despite facing difficulties due to the 2021 crypto ban. Thanks to Hong Kong’s crypto-friendly policies, firms such as Huobi have recovered and regained their strength.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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