ISSUING AUTHORITIES:

Ministry of Industry and Information Technology

Office of the Central Cyberspace Affairs Commission

DATE OF ISSUANCE:

May 27, 2021

EFFECTIVE DATE:

May 27, 2021

The Ministry of Industry and Information Technology and the Office of the Central Cyberspace Affairs Commission jointly issued the Guidance on Accelerating the Application and Industrial Development of Blockchain Technology on May 27, 2021(the “Guidance”).

The Guidance sets out the general requirements, the major tasks and the implementation measures for the application and industrial development of blockchain in China.

According to the milestones in the Guidance, by 2025, the comprehensive strength of the China blockchain industry shall be one of the most advanced  in the world. By 2030, the comprehensive strength of China’s blockchain industry shall continue to improve with further growth of usage within industry. . Blockchain shall become an important support for establishing China as a strong manufacturing power, etc.

Reference:

工业和信息化部 中央网信办印发《关于加快推动区块链技术应用和产业发展的指导意见》