China Exploring Blockchain for Secure Data Sharing

China is taking a significant step towards enhancing data security and efficiency by exploring the application of blockchain technology. The country’s National Development and Reform Commission (NDRC) recently implemented privacy computing to reduce the risk of information leakage in credit information sharing. This initiative aligns with China’s national policy to leverage blockchain for government services, promoting transparency and security in areas like loan distribution and regulation. 2024 data shows that China has prioritized blockchain technology as a key area for innovation within its