National Blockchain Technology Innovation Center Launches in Beijing

The National Blockchain Technology Innovation Center, which was initially announced in February, officially commenced its operations on May 10 in Beijing, China. Through partnerships with local universities, think tanks, and blockchain enterprises, the center aims to advance blockchain technology across the country. Of note, more than 500,000 experts in distributed ledger technology will receive training from this establishment.

The Beijing Academy of Blockchain and Edge Computing, which created the ChainMaker blockchain, is spearheading this initiative, with this home-grown blockchain solution serving as the model for the center’s future innovations. ChainMaker has already garnered support from 50 business entities, mostly state-owned, like China Construction Bank and China Unicom. According to particular reports, the center plans to hasten the formation of “extremely large-scale” blockchain computing clusters.