Led by Conflux Network, the project aims to build a robust public blockchain infrastructure to support the goals of the Belt and Road Initiative.
According to a recent report by Wu Blockchain, China has announced blockchain projects under its Belt and Road Initiative despite a strict ban on domestic cryptocurrency trading and derivatives.
The project is called the “Belt and Road Hyperscale Blockchain Infrastructure Platform” and aims to redefine public blockchain infrastructure.
The project will be led by Conflux Network. It is worth noting that the Chinese government prohibits any institution from engaging in cryptocurrency activities; therefore, any tokens and cryptocurrencies should be excluded from the blockchain.
Potential models for countries and regions
China’s Belt and Road Initiative aims to strengthen economic cooperation and connectivity along historical trade routes through global infrastructure development. By integrating blockchain technology into this initiative, the Chinese government hopes to increase transparency, efficiency, and security.
Experts expect that the successful implementation of the project can set an example for other countries and regions looking to use blockchain for similar purposes.
In December, China announced it would use blockchain technology to verify the real-name identities of 1.4 billion people, a move that could raise privacy concerns. The initiative, called RealDID, is led by the Ministry of Public Security and supported by the Blockchain-based Services Network (BSN).
The launch and implementation plan demonstration meeting of the National Key Research and Development Plan "Super-large-scale Blockchain Basic Platform for the 'One Belt and One Road'" was held. Treemap Blockchain Research Institute published on 2024-04-01 00:01 Shanghai For details, please copy the link to open: https://mp.weixin.qq.com/s/jfp2J_zJJOLftIhcNbjkZg
Although it is forbidden to have any contact with any tokens? But there will be indirect contact on the Belt and Road blockchain projects. Come on, let's do it.
Cryptocurrencies are under supervision hehehehehehe
$DOGE $ETHFI $FIL
