{"id":550241,"date":"2023-02-10T13:47:18","date_gmt":"2023-02-10T10:47:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/china-to-launch-national-blockchain-research-center\/"},"modified":"2023-02-10T13:47:18","modified_gmt":"2023-02-10T10:47:18","slug":"china-to-launch-national-blockchain-research-center","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/china-to-launch-national-blockchain-research-center\/","title":{"rendered":"# China to launch national blockchain research center"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a25552b88f83\" 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-6a25552b88f83\" 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\/china-to-launch-national-blockchain-research-center\/#%E2%80%9D_China_to_launch_national_blockchain_research_center_%E2%80%9C\" >&#8221; China to launch national blockchain research center  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_China_to_launch_national_blockchain_research_center_%E2%80%9C\"><\/span>&#8221; China to launch national blockchain research center  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvY2Q5OWZiMTMtNGVhOS00MzJhLWJjYWQtNTU1MDVhNTNlZTIwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Despite its ongoing crackdown on crypto, China continues to embrace blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> \u2014 up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.\u00a0<\/p>\n<p>According to the China Daily\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/cn.chinadaily.com.cn\/a\/202302\/08\/WS63e38aa9a3102ada8b22e407.html\">report<\/a> from Feb. 8, the Center will create a research network with the local universities, think tanks and blockchain businesses to carry out the inquiries into core blockchain technologies. The fruits of this research will be used for further digitalization of China and, as emphasized in the report, its industry in particular. <\/p>\n<p>In charge of the new institution is the Beijing Academy of Blockchain and Edge Computing (BABEC) \u2014 an entity most famous for the development of Chang\u2019an Chain or ChainMaker blockchain. This blockchain is already backed by an ecosystem of 50 business corporations, most of them \u2014 such as China Construction Bank or China Unicom \u2014 owned by the state. By the press time, the known number of transactions per second (TPS) that the ChainMaker can execute is 240 million \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ledgerinsights.com\/blockchain-chainmaker-china\/\">up from 100,000 TPS in 2021<\/a>. <\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><strong><em>Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou<\/em><\/strong><\/p>\n<p>China has been actively marketing itself as a blockchain nation in recent years. In September 2022, its government claimed that China accounts for 84% of all blockchain <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>lications filed worldwide. While the real numbers might not differ much, the approval rate is significantly low, with only 19% of the total filed applications getting approved. <\/p>\n<p>Along with the blockchain, the project of central bank digital currency (CBDC) became the trademark of the Chinese government. Millions of dollars worth of e-CNY have been handed out across the country in a bid to boost its adoption. However, cumulative e-CNY transactions only crossed 100 billion yuan ($14 billion) in October 2022. <\/p>\n<p>With all the efforts to catch on with the digital innovations, recently, a former executive of the People\u2019s Bank of China (PBoC) urged the country to review its stringent crypto restrictions. The former official argued that a permanent ban on crypto could result in many missed opportunities for the formal financial system, including those related to blockchain and tokenization. <\/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\/china-to-launch-national-blockchain-research-center\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; China to launch national blockchain research center &#8220; Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology \u2014 up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.\u00a0 According to the China Daily\u2019s report from Feb. 8, the Center will create a research&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/cd99fb13-4ea9-432a-bcad-55505a53ee20.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,80236,75046,74355,4973,61514],"class_list":["post-550241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-blockchain-competition","tag-cbdc","tag-adoption","tag-china","tag-research"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550241","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=550241"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550242"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}