Implementing the blockchain is crucial for innovation in key technologies and industry transformation, said President Xi Jinping.

1 / BREAKING China's President Xi: Adopt blockchain as an important breakthrough for independent innovation of core technologies

– cnLedger (@cnLedger) October 25, 2019

Speaking at the 18th board to study the current situation and development trends of the blockchain, he noted that large countries are currently actively developing technology, and China has a good base for this.

“We must perceive the blockchain as an important discovery for the independent implementation of key technologies. We need to clarify the main areas, increase investments and focus on several main applications of technology, ”Xi Jinping said.

According to him, China is able to take the leading positions in the world in the field of blockchain in order to gain new advantages in the industry.

The head of the PRC also drew attention to the need to integrate the blockchain not only in the real economy, but also in related information technologies, such as artificial intelligence, Big Data and the Internet of things.

Xi Jinping stressed the need to create the ecosystem of the blockchain industry in the country. At the same time, he considers it important to strengthen the leadership and regulation of the industry.

Recall, the President of China previously expressed the opinion that blockchain will change the structure of the global economy.

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