New Chinese Blockchain Pivot as Beijing Vows to Train 500,000 ‘Experts’
China is gearing up for another blockchain technology push after promising to train half a million new “experts” to work in the sector.
Blockchain was earmarked as a growth sector by Chinese President Xi Jinping in 2018.
In the years that followed, blockchain salaries ballooned in the nation.
But in recent years, Chinese blockchain fervor has slowed.
Beijing appears keen to halt this, however.
Per the China Youth Daily, Beijing has opened a new National Blockchain Research Center, after plans to launch the center were unveiled last week.
The center has been charged with training “500,000 blockchain professionals.”
It has also been told to ensure blockchain technology plays “a central part” in the Chinese “digital economy.”
The center has been created in conjunction with the Ministry of Science and Technology.
And it has been instructed to work in tandem with universities and research institutes nationwide.
IT companies will also be asked to work alongside the center.
Beijing has also unveiled plans to launch a “national” blockchain network solution.
This solution, the ministry said, will connect existing blockchain protocols and “provide support for other industries.”
Professor Zheng Zhi Ming of the Chinese Academy of Sciences and the Beijing University of Aeronautics and Astronautics claimed that the center needed to tackle the issue of “blockchain islands.”
Zheng explained that these “islands” had emerged due to the fact that various companies and sectors had spent the past few years constructing their own, individual, closed-chain blockchain networks.
China banned most forms of crypto-related activity in nationwide crackdowns conducted in 2017 and 2021.
As such, developers cannot work on decentralized public networks such as
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