{"id":141343,"date":"2023-09-01T21:45:02","date_gmt":"2023-09-01T16:15:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141343"},"modified":"2023-09-01T21:45:02","modified_gmt":"2023-09-01T16:15:02","slug":"china-launches-blockchain-data-exchange-at-hangzhou-summit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/china-launches-blockchain-data-exchange-at-hangzhou-summit-crypto-news\/","title":{"rendered":"China Launches Blockchain Data Exchange at Hangzhou Summit – Crypto News"},"content":{"rendered":"

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On August 23, the 2023 Hangzhou Summit showcased the city\u2019s stride into the future with officials in High-tech Zone (Binjiang) launching an avant-garde blockchain-driven <\/span>data exchange<\/span><\/a>. Significantly, this platform sets its sights on reshaping enterprise IT data trading dynamics.<\/span><\/p>\n

Redefining Data Exchange<\/b><\/h2>\n

Chen Chun, an academician of the Chinese Academy of Engineering and the guiding force behind the National Key Laboratory of <\/span>Blockchain<\/span><\/a> and Data Security, emphasized the pivotal role of this exchange.\u00a0<\/span>He stated, <\/span><\/p>\n

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\u201cWith research in blockchain and privacy computing, we aim to ensure trusted data sharing across different regions and departments, ensuring utmost data security and privacy.\u201d <\/span><\/p>\n<\/blockquote>\n

Moreover, by integrating smart contracts, this initiative paves the way for efficient data sharing, stimulating widespread participation in the data industry.<\/span><\/p>\n

Hangzhou\u2019s digital economy in 2022 witnessed a surge, accounting for nearly 60% of Zhejiang\u2019s share and a whopping 27% of the city\u2019s GDP. Consequently, the Hangzhou Data Exchange\u2019s primary objective is to foster efficient data circulation, forge innovative business models, and aid in creating a comprehensive digital transaction service capability.<\/span><\/p>\n

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Bridging Technology and Economy<\/b><\/h2>\n

Additionally, partnerships are in full swing with \u201cChina Data Valley\u201d joining forces with entities like Zhejiang University\u2019s Blockchain and <\/span>Data Security<\/span><\/a> Laboratory, Hangzhou Financial Investment Group, and China Mobile Information Technology Company. Hence, they aim to delve deep into blockchain and data security research, construct state-of-the-art data infrastructure, and pioneer data assets\u2019 exploration.<\/span><\/p>\n

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Tao Tao, the Deputy General Manager of China Mobile Information Technology Co., Ltd., conveyed their commitment to optimizing communication technology and big data. He asserted, <\/span><\/p>\n

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\u201cWith \u2018China Data Valley\u2019 as our nucleus, we aim to create a comprehensive data asset map encompassing various industries, thereby enhancing data circulation\u2019s scale effect.\u201d<\/span><\/p>\n<\/blockquote>\n

Furthermore, during the summit, Zheng Di, the Deputy Secretary of the Party Committee and the Director of the Management Committee, introduced innovative classifications for digital businesses.\u00a0<\/span><\/p>\n

This stratification, based on different developmental stages, includes \u201ccornerstone digital business,\u201d \u201cspark data business,\u201d and \u201cXinghai digital business,\u201d with distinct identification and evaluation metrics for each.<\/span><\/p>\n

China\u2019s commitment to evolving its digital frontier is clear, and with this new blockchain-driven data exchange, the nation may redefine data trading on a global scale.<\/span><\/p>\n

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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On August 23, the 2023 Hangzhou Summit showcased the city\u2019s stride into the future with officials in High-tech Zone (Binjiang) launching an avant-garde blockchain-driven data exchange. Significantly, this platform sets its sights on reshaping enterprise IT data trading dynamics. Redefining Data Exchange Chen Chun, an academician of the Chinese Academy of Engineering and the guiding […]<\/p>\n","protected":false},"author":2,"featured_media":137556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-141343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141343"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141343\/revisions"}],"predecessor-version":[{"id":147004,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141343\/revisions\/147004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137556"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}