Ministry of Information and Technology of China to Formulate New Web3 Strategy

The Ministry of Information and Technology of China has agreed to formulate a caller strategy for the Web3 tract to amended the authorities of the manufacture successful China. The inaugural comes arsenic an reply to a connection made astatine the 14th Chinese People’s Political Consultative Conference (CPPCC) National Committee, aiming to fortify Web3’s information successful the country.

Ministry of Information and Technology of China Will Develop a New Web3 Strategy

The Chinese authorities plans to make a caller Web3 strategy for the country. In a precocious released document, the Ministry of Industry and Information Technology answers a petition by Wu Jiezhuang, a subordinate of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, that seeks to beforehand the improvement of the Web3 manufacture successful China.

The document highlights 4 applicable aspects of the plan. The archetypal facet proposes to make a caller papers that improves the top-down plan of the existent Web3 absorption of China. This includes implementing Web3 tech successful areas specified arsenic authorities affairs and industry, encouraging the improvement of non-fungible tokens (NFTs) and decentralized apps, and accelerating the operation of a integer ecosystem.

Strengthening the method probe and supervision done nationalist universities and companies and exploring the exertion of blockchain technologies are portion of the 2nd facet of this strategy.

The 3rd facet involves internationalizing the Chinese Web3 activities by pursuing the latest trends and involving nationalist institutions successful processing manufacture standards.

Lastly, expanding blockchain tech exertion publicity and promotion done known subject resources and the promotion of apps utilizing Web3 technologies volition assistance summation the level of cognition and consciousness of the nationalist connected the subject.

China’s involvement successful Web3 is not new. In February 2022, 16 governmental bodies successful China announced the designation of 15 aviator zones to transportation retired projects successful the fields of manufacturing, energy, authorities and taxation services, law, education, health, commercialized and finance, and cross-border finance, but utilizing blockchain tech.

What bash you deliberation astir issuing a caller Web3 strategy successful China? Tell america successful the comments conception below.