Chinese Ministry of Industry and Information Technology: ‘Promote 5G, Encourage Participation In Blockchain’
September 4th, the Ministry of Industry and Information Technology issued the “Guideline on the Development of Industrial Big Data (Draft for Comment)” to publicly acquire opinions from the public. The submissions explicitly mention the promotion of 5G, NB-IoT, to promote the deployment of IPv6, and encourage enterprises, research institutions and other entities to actively participate in key technologies such as blockchain and secure multi-party computing, reducing the risk of industrial big data circulation.
At the Chinese Academy of Sciences and the Chinese Academy of Engineering conference, President Xi Jinping pointed out: “A new generation of information technology represented by artificial intelligence, quantum information, mobile communications, Internet of Things, and blockchain accelerates breakthrough applications. The world is entering an information-led economic development period,” adding that it shows that the country’s policy makers should embody the important role of blockchain technology in China’s science and technology development.
Hyper Speed Network (HSN) is dedicated to the use of blockchain technology to build a network security and trust mechanism for terminal uplinks applying 5G architecture. It can support the multi-source information interconnection and exchange of big data uplinks in the digital age.
NineChain Technology, a subsidiary of HSN, located in Shenzhen, China, also actively responded to the policy opinions of the Ministry of Industry and Information Technology. In addition to providing 5G+blockchain technical support for HSN, it provides solutions in areas such as data security and financial risk control.