TechFlow News, March 5: According to CCTV News, Dong Jin, National People’s Congress deputy and President of the Beijing Institute of Microchain Blockchain and Edge Computing, stated that China’s self-developed underlying blockchain technology has been deployed across 16 central government ministries and commissions and 27 central state-owned enterprises, achieving positive progress in areas including taxation, cross-border trade, and global payments. Hundreds of billions of invoices are processed annually on China’s self-developed blockchain infrastructure; over 300,000 enterprises have integrated cross-border trade onto the blockchain, with transaction volumes reaching trillions of RMB.
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