A member of the National People’s Congress (NPC), the top legislative body of the country, suggested that China should launch a national blockchain development fund. Jieqing Tan, an NPC member, was quoted by China Business Network, saying blockchain could modernize the country’s governance system.
The NPC, comprised of nearly 3,000 delegates, recently started its annual session. Speaking at the event, Jieqing Tan said that ahead of the announcement of the next five-year plan of China, a national blockchain development plan should also be introduced.
Tan’s suggestion was a broad strategy to both use blockchain for smart government and also for industry to cultivate unicorn enterprises. It was positioned as a three-pronged approach: technology, industry and (government) supervision.
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