tl;dr
China has released "National Data Infrastructure Construction Guidelines" that prioritize blockchain for enhancing data security, transparency, and scalability. The plan envisions blockchain networks supporting secure data circulation, creating trusted data spaces, and establishing blockchain-powere...
China has released "National Data Infrastructure Construction Guidelines" that prioritize blockchain for enhancing data security, transparency, and scalability. The plan envisions blockchain networks supporting secure data circulation, creating trusted data spaces, and establishing blockchain-powered data markets. It also emphasizes the development of blockchain-powered platforms for specific industries and integration of blockchain with advanced privacy-enhancing technologies. The proposed timeline aims for a fully operational blockchain-powered data infrastructure across the nation by 2029. A central feature of the plan is the development of "trusted data spaces" that utilize blockchain to enable seamless multi-party data sharing while ensuring privacy, integrity, and ownership rights. These spaces, powered by distributed ledger technology, will serve as decentralized environments where businesses, governments, and individuals can exchange data securely and transparently. The plan also calls for the establishment of blockchain-powered platforms tailored to specific industries. By 2026, pilot projects will test decentralized applications (dApps) in critical sectors such as digital finance, green energy, and smart manufacturing. These platforms will facilitate data interoperability between enterprises, accelerating sector-wide adoption of blockchain technology. China's emphasis on blockchain extends beyond data sharing to securing the infrastructure itself. The guidelines detail plans to integrate blockchain with advanced privacy-enhancing technologies, including secure multi-party computation, homomorphic encryption, and zero-knowledge proofs. This combination will allow sensitive data to be processed and analyzed without being exposed, addressing key privacy concerns. In conclusion, China's "National Data Infrastructure Construction Guidelines" reflect a comprehensive strategy to leverage blockchain technology for enhancing data security, transparency, and interoperability across industries. By prioritizing blockchain, integrating privacy-enhancing technologies, and developing industry-specific platforms, China aims to establish a robust, blockchain-powered data infrastructure by 2029.