New “Blockchain – A Guide for Officials” Released by China’s Communist Party

New Blockchain Tech 101 Education Released by Communist In China

The Communist Party of China is making big moves for cryptocurrency in the country. They see the importance blockchain is playing in the modern world. A new push to make blockchain literacy essential for the public is now underway with the full support of the Communist Party.

A new book has been published by People’s Daily, a news publisher, called Blockchain – A Guide for Officials. Recent statements released by the publication outlet explain the party’s belief in providing a solid education for the public so that they can learn the ways of the blockchain. The new book goes into details surrounding the history of the blockchain, its current applications and where its future direction.

New challenges facing the industry are also covered in the book, including those of a technical, legal and business nature. The purpose of the book is to provide the Chinese government with a way to learn about the technology, so they can better conceptualize its necessity for the country’s people.

Not only is blockchain technology necessary for cryptocurrency reasons, according to the communist party, it’s also essential for other sectors in other areas as well. Communist in China, see a vast number of possible uses for blockchain technology and are attempting to show them to the county’s government.

Blockchain’s most important aspect is its process of operation. Consensus offers a way of self-governance within the community. The mechanism gives us a new way to manage and solve problems, that is very efficient. One of the breakthrough areas Chinese President Xi Jinping sees, is in public speaking, along with other not yet mentioned ways to improve the world’s economy.

Other areas are currently worked on with blockchain technology as well, namely that of China’s State Council. They are developing a way to use blockchain to standardize a new regulatory guidance system used to create new technologies inside China. China is one of the leading countries in developing further improvements to blockchain technology.

What can other governments of the world you think of that are working with blockchain? Leave your answers in the comment section below.