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Year-ender: 10 highlights in China's foreign investment

govt.chinadaily.com.cn Updated: 2019-12-30

Blockchain industry given vote of confidence

Blockchain, a digital ledger system, uses sophisticated cryptographic techniques to create a permanent, unchangeable and transparent record of exchanges to keep track of transactions.[Photo/IC]

China's blockchain market is becoming more attractive than ever to foreign investors, with the industry receiving a significant boost from the central government.

Blockchain technology, with features such as distributed storage, a time series, whole chain consensus and smart contracts, can be seen as the technology of digital currency and digital assets.

China is actively embracing blockchain, an underlying technology with a wide range of applications, and sees it as the new frontier of innovation in industries ranging from finance to manufacturing and energy.

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