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News From China: MIIT to Accelerate Blockchain Technology

October 10, 2018 16:49
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Ministry of Industry and Information Technology (MIIT) will accelerate healthy growth of blockchain technology, said WANG Xinzhe, Chief Economist of MIIT at 2018 Trusted Blockchain Conference held on Oct. 10th. He also said that it would actively construct an improved blockchain standard system, be involved in more blockchain-based international standardized tasks and positively contribute energies to China. Besides, MIIT is scheduled to guide and encourage enterprises, universities and research institutions in talents cultivation required for blockchain.

What’s more, ZHANG Ziyi, an Architect of Huawei (China Smartphone Giant) Blockchain Service, said that blockchain can shorten distances between industries in trust at Blockchain as a Service (BaaS) Forum of the Conference. Additionally, he mentioned that the blockchain has more potential for other fields except for financial sector at present.

Another big shot is LI Jingfeng, CTO (Chief Technical Officer) of Zhilian Zhaopin, China’s leading career development platform, saying that blockchain is twice the size of securities in market popularity from the perspective of talent market. Overall, there is a serious shortage of blockchain, with uneven distributions of blockchain talents in various cities.

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