Beijing’s municipal authorities have unveiled a comprehensive action plan detailing their objectives for blockchain development, set to extend through 2027. The strategy connects blockchain innovation to critical sectors such as artificial intelligence, healthcare, education, and financial services.
On April 29, a plan was unveiled that saw collaboration among various agencies, including the Beijing Municipal Science and Technology Commission. The guideline emphasises the need for a new digital infrastructure focused on reliable blockchain systems.
Beijing is set to integrate blockchain technology with emerging innovations.
Officials anticipate creating more than 20 benchmark applications across various sectors, including AI model development, insurance services, and digital identity management.
The proposal outlines aspirations to establish national blockchain hub nodes and technical service platforms that facilitate scalable applications across various industries.
The objectives encompass enhancing privacy computing, improving cross-chain interoperability, and expanding trusted data-sharing platforms.
Blockchain systems are set to revolutionise the healthcare sector by enhancing the efficiency of health insurance claims processing and facilitating the secure exchange of sensitive information.
In education, platforms are set to unveil premium resources for AI training while adhering to regulatory standards concerning data utilisation.
The document highlights the importance of enhancing foundational research in cryptography, confidential computing, and distributed networks.
The objectives encompass developing post-quantum cryptographic systems alongside constructing blockchain architectures designed to scale for national-level implementations.
Developing Modern Infrastructures Through Digital Standards
The government has urged banks and insurers to adopt blockchain technology in credit issuance, underwriting, and risk management practices.
Authorities aim to bolster financial resilience and mitigate systemic risk through enhanced transparency and credit data sharing between public and private systems.
Beijing is set to advance the integration of blockchain technology within the transport and logistics sectors. In a significant move towards enhancing logistics finance services, key vehicle data will be standardised and shared across various platforms, including freight, settlement, and insurance. This initiative aims to improve real-time data interoperability, paving the way for more efficient operations in the industry.
The recent blockchain initiative in the capital extends beyond the mere development of new technologies; it aims to redefine the landscape of authority concerning information and infrastructure.
As industries such as healthcare, education, and finance increasingly embrace digital systems, the challenge of establishing standardised trust among institutions is emerging as a fundamental political endeavour alongside its technical implications.
Blockchain, initially heralded as a means of decentralisation, is now being reshaped by both governments and corporations into a new entity: a system for controlled connectivity.
Beijing’s proposals suggest a potential future in which blockchain technology may shift from liberating data to facilitating new mechanisms of governance, both public and private.