Blockchain technology, initially popularized by cryptocurrencies, is increasingly being adopted by Chinese enterprises to optimize supply chains, enhance transparency, and improve operational efficiency. Beyond its financial applications, blockchain offers immutable record-keeping, smart contract automation, and secure data sharing, making it a transformative tool
IntroductionChina’s RealDID digital identity system is expanding under a national blockchain initiative aimed at strengthening online authentication, data security, and digital governance. Developed through collaboration between government agencies and leading blockchain firms, RealDID represents a cornerstone of Beijing’s effort to modernize its digital
IntroductionChina is intensifying efforts to use its digital yuan as a tool to promote a multi-polar global currency order. The strategy reflects Beijing’s long-standing goal of reducing reliance on the US dollar in international trade and financial settlements. By leveraging central bank digital
IntroductionThe People’s Bank of China (PBOC) has inaugurated a new Digital Yuan Operation Center, a major step in moving its central bank digital currency (CBDC) strategy from pilot testing to institutional scale. The center is designed to manage the technical backbone, improve settlement
