China Envisages Blockchain Tech in the Proposed National Data Network

China's government follows up on the Decision of the Communistic Party to "Build and operate a national data infrastructure to promote data sharing"

Rebecca Denton

Jan 09, 2025 - 1 min read

This week, China announced plans to develop a massive national data network with an integrated data directory covering government, industry, enterprises, and other entities.

The presented guidelines mention leveraging blockchain technology and smart contracts to enhance data security, transparency, and scalability. The project hopes to support the digital transformation of sectors like finance, energy, and manufacturing and to be completed by 2029.

The deputy director of the National Data Administration, Zhulin Shen, said that the development of such data infrastructure is expected to reach an investment total of about 2 trillion yuan ($273 billion) over the next five years.

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The National Data Administration (NDA), an agency under the National Development and Reform Commission, is responsible for data and its regulation in China.

While China’s ban on cryptocurrency trading and mining remains firmly in place for now, this initiative shows the country's eagerness to explore other applications of blockchain technology.