Summary
China launches blockchain infrastructure for Belt and Road trade routes with Conflux partnership. The project aims to enhance collaboration and oversight across multiple countries without involving cryptocurrency activities. The initiative is seen as strategically important for China’s global reach and influence expansion.
Key Points
1. China has officially launched a blockchain infrastructure to streamline and enhance collaborative initiatives along the Belt and Road trade routes.
2. The project was unveiled on March 30 during a demonstration meeting at the Shanghai Tree Map Blockchain Research Institute with collaborative support from various institutions.
3. The primary objective of this project is to develop an advanced blockchain platform capable of deployment across multiple countries to support applications for economic, trade, and cultural exchanges.