China has set a target to complete the core development of a national blockchain network by 2030. This initiative is part of the country's broader five-year plan for new infrastructure, which also prioritizes computing power and intelligent internet development.
The government aims to establish a central backbone network, integrate regional nodes, and develop fundamental services such as distributed digital identity. Key applications include the digitalization of maritime and freight logistics, trade, tax services, and environmental emission reduction efforts.
The plan emphasizes the use of blockchain and privacy-preserving computing for data exchange and trading. Authorities are also focusing on the mutual recognition of digital identifiers and the standardization of technical protocols for the network.
While the 2030 timeline is established, the document does not specify a budget, the identity of the network operator, or a date for a full-scale launch. The goal is part of a wider digitalization strategy aiming to increase the digital economy's share of GDP to 12.5 percent by the end of the five-year period.
