China Sets 2030 Target for National Blockchain Network

China has set a 2030 target to largely complete a national blockchain network, incorporating a central backbone, regional hubs, and distributed digital identity services in its latest five-year information technology plan, according to CryptoNews.

The Central Cyberspace Affairs Commission issued the National Informatization Plan for the 15th Five-Year Period, as detailed in an announcement from the Cyberspace Administration of China. The 14-page document directs authorities to build blockchain infrastructure and develop applications across shipping, government services, taxation, and carbon reduction.

Regional Hubs and Commercial Applications

The plan assigns different blockchain applications to several major economic regions. Regional programs cover blockchain applications in logistics, finance, manufacturing, agriculture, and trade. For Beijing, Tianjin, and Hebei, the document calls for blockchain applications involving dual airport hubs and smart logistics, while the Yangtze River Delta provisions direct deeper use in trade and finance. Across the Guangdong-Hong Kong-Macao Greater Bay Area, the program calls for faster development of blockchain applications and orderly cross-border data flows.

Security and Digital Yuan Provisions

Distributed digital identity and privacy-preserving computing appear within the plan's infrastructure and security provisions. The data security section calls for deeper use of blockchain and privacy-preserving computing in data circulation and transactions. Meanwhile, digital yuan development remains part of the agenda, though the document does not set a transaction target or integration timetable linking the currency to the national blockchain backbone.

Key facts

• China set a 2030 target to largely complete a national blockchain network under its five-year IT plan.
• The Central Cyberspace Affairs Commission issued the National Informatization Plan for the 15th Five-Year Period.
• Regional programs cover applications in logistics, finance, manufacturing, agriculture, and trade.
• The plan includes distributed digital identity and privacy-preserving computing provisions.