PHOTO: VCG

By Staff Reporters

Blockchain is playing an important role in technological innovation and industrial transformation.

This February, the Ministry of Science and Technology approved the establishment of the National Blockchain Technology Innovation Center in Beijing, tasked with achieving more technological breakthroughs in the blockchain sector.

The center will develop software, hardware and fundamental theory, with a focus on scenarios that benefit the national economy and personal livelihoods. This is aimed at advancing the industrialization of major basic research results and making blockchain a solid foundation for the country's digital infrastructure.

To improve the efficiency of research output, the center will explore an enterprise-led industry-university-research cooperative mechanism, establish an incentive mechanism for motivating high-level experts to accumulate and grow, and strengthen the sharing of innovation resources, forming a global innovation network.

The construction of the center will be led by the Beijing Academy of Blockchain and Edge Computing, known for having developed an open-source blockchain platform Chang'an chain, officially known as ChainMaker, in 2021.