Chinese Government Launches New Blockchain Infrastructure Platform Led by Conflux

cryptonews.com:

On April 1, the Chinese government announced a groundbreaking initiative led by Conflux Network: the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.”

The announcement, shared in an X post by Conflux Network, signifies a significant step towards China leveraging blockchain technology to facilitate seamless and secure cross-border transactions.

The main focus of the project is to create a public blockchain infrastructure platform. This platform will be able to support the implementation of cross-border cooperation projects along the Belt and Road Initiative. It will provide the base for developing applications that… https://t.co/MkWgRY2G8A

— Conflux Network Official (@Conflux_Network) April 1, 2024

According to a local source, on March 30, the Shanghai Tree Graph Blockchain Research Institute hosted the launch and implementation plan demonstration meeting for the national critical research and development project titled “Ultra-large-scale Blockchain Basic Platform for the ‘Belt and Road,'” launched on Conflux Network.

This initiative, led by the Shanghai Shutu Blockchain Research Institute, garnered active participation from prestigious institutions such as the China Academy of Information and Communications Technology, Shanghai Jiao Tong University, Fudan University, Shanghai Maritime University, and other vital units.

The meeting attracted expert leaders from notable entities, including the Industrial Development Promotion Center of the Ministry of Industry and Information Technology and the Shanghai Science and Technology Commission, alongside members of the project consulting expert group, the project leading unit, and various project participants.

According to the report, the primary