{"id":417420,"date":"2022-03-17T12:34:48","date_gmt":"2022-03-17T09:34:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/web3-will-be-key-to-the-future-of-chinas-internet-says-security-regulator\/"},"modified":"2022-03-17T12:34:48","modified_gmt":"2022-03-17T09:34:48","slug":"web3-will-be-key-to-the-future-of-chinas-internet-says-security-regulator","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/web3-will-be-key-to-the-future-of-chinas-internet-says-security-regulator\/","title":{"rendered":"# Web3 will be key to the future of China&#8217;s internet, says security regulator"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bc0119338e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bc0119338e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-will-be-key-to-the-future-of-chinas-internet-says-security-regulator\/#%E2%80%9D_Web3_will_be_key_to_the_future_of_Chinas_internet_says_security_regulator_%E2%80%9C\" >&#8221; Web3 will be key to the future of China&#8217;s internet, says security regulator &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Web3_will_be_key_to_the_future_of_Chinas_internet_says_security_regulator_%E2%80%9C\"><\/span>&#8221; Web3 will be key to the future of China&#8217;s internet, says security regulator &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNTNmY2EwZjgtNzJmZS00Y2ZhLWJjOWYtZTY3NjU0NjY5MjY1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The director of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a> and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> Supervision Bureau of China\u2019s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet.<\/p>\n<p>Yao published an article\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mp.weixin.qq.com\/s\/KMOG0bdM5y8m3JfDDwBr1A\">titled<\/a>\u00a0&#8220;<em>Web 3.0: A New Generation of Internet that is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>roaching,&#8221;<\/em>\u00a0talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3.<\/p>\n<p>The article talked about the significance of forward-looking research and strategic infrastructure development. Yao predicted that Web3 will reconstruct the organizational form and business model of the Internet economy and is expected to greatly improve the existing Internet ecosystem,<\/p>\n<p><strong><em>Related: Republican lawmakers introduce bill targeting China&#8217;s CBDC on sanctions, privacy<\/em><\/strong><\/p>\n<p>The Chinese regulatory executive believes Web3 will effectively solve the problems of monopoly, lack of privacy protection, and malicious algorithms in the Web2 era, and make the Internet more open, inclusive, and secure. Yao called Web3 a three-dimensional holographic internet that would be inclusive and interconnected.<\/p>\n<p>An excerpt from the Google translated article read,<\/p>\n<blockquote><p>\u201cOn the one hand, Web 3.0 can realize the self-management of identities on the user side, and on the other hand, it can also realize the self-management of addresses on the network resource side, truly realizing the disinter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tion of the end-to-end access process\u201d<\/p><\/blockquote>\n<p>While China maintains a blanket ban approach towards digital currencies, the country is quite bullish on the underlying technology of blockchain and now Web3 infrastructure seems to be the next big tech in focus for the nation.<\/p>\n<p>It is also important to note that China is not necessarily a big believer in decentralization or distribution of power. This is evident from their central bank digital currency development program, which is a blockchain-based digital currency, but the tech is highly centralized with the central government controlling every aspect of it.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/web3-will-be-key-to-the-future-of-china-s-internet-says-security-regulator\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Web3 will be key to the future of China&#8217;s internet, says security regulator &#8220; The director of the Science and Technology Supervision Bureau of China\u2019s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article\u00a0titled\u00a0&#8220;Web 3.0: A New&#8230;<\/p>\n","protected":false},"author":1,"featured_media":417421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNTNmY2EwZjgtNzJmZS00Y2ZhLWJjOWYtZTY3NjU0NjY5MjY1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75046,93542,4973,70934],"class_list":["post-417420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cbdc","tag-web3","tag-china","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/417420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=417420"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/417420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/417421"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=417420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=417420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=417420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}