China unveils blockchain plan for data security
By combining blockchain with advanced privacy technologies, the guidelines aim to enhance security and reduce vulnerabilities, establishing blockchain as a fundamental component of China’s digital economy.
China has unveiled its ambitious ‘National Data Infrastructure Construction Guidelines,’ placing blockchain technology at the centre of its strategy to enhance data security, transparency, and scalability. The guidelines aim to establish a blockchain-powered data infrastructure nationwide by 2029, advancing the country’s digital transformation goals.
The plan, announced by the National Development and Reform Commission, outlines a phased approach. Between 2024 and 2026, pilot projects in key regions will test blockchain frameworks and decentralised applications across sectors such as finance, green energy, and manufacturing. By 2028, these pilots are expected to evolve into integrated national blockchain networks supporting secure, large-scale data exchanges.
Central to the initiative is the creation of “trusted data spaces” that enable multi-party data sharing with privacy and ownership guarantees. These spaces will tackle governance challenges, ensuring data traceability and integrity across industries like logistics, e-commerce, and financial services. Blockchain-driven data markets will also allow the tokenisation and secure trading of data assets, unlocking new revenue streams and incentivising sharing at scale.
China’s guidelines further focus on combining blockchain with advanced privacy technologies to safeguard sensitive information while allowing secure data analysis. By decentralising data flows and integrating real-time monitoring, the initiative seeks to bolster security, reduce vulnerabilities, and position blockchain as a cornerstone of the nation’s digital economy.
