China takes on US in blockchain race, East Asia News & Top Stories – The Straits Times

BEIJING • China has launched an ambitious effort to challenge the US dominance in blockchain technology, which it could use for everything from issuing digital money to streamlining a raft of government services to tracking Communist Party loyalty.
The technology received a crucial endorsement from President Xi Jinping last week, a signal that the government sees blockchain as an integral part of the nation’s plan to become a high-tech superpower.
Beijing is the latest in a handful of countries …

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