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China to Set up National Blockchain Technology Research Center in Beijing

According to a local media report, China’s Ministry of Science and Technology has given the go-ahead to set up the National Blockchain Technology Innovation Centre in Beijing to run blockchain research and development.

The centre will be led by the Beijing Academy of Blockchain and Edge Computing (BABEC), a research institution backed by the Beijing government and one of the developers of Chang’an Chain (ChainMaker) – China’s first domestically developed open-source blockchain platform.

The new center will handle research and industrialization of blockchain technology, including fundamental theories, hardware and software development, and construction of blockchain platforms, according to the report.

(By TOM ZUO)

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