How Can Blockchain Industry Benefit from China’s New Policy - DotWallet

How Can Blockchain Industry Benefit from China’s New Policy


In June, the Guidance Opinions Concerning Accelerating the Drive for Blockchain Technology Applications and Industry Development was jointly issued by the Ministry of Industry and Information Technology and the Office of the Central Cyber Security and Information Commission, which set out the goals for the development of the blockchain industry in the next 5-10 years. This is the first time that the Chinese central government has issued a clear development roadmap and timetable for the blockchain industry. It represents the gradual rise of the importance of the blockchain field to the national strategic level and the beginning of specific implementation. There’s a bright future for the development of blockchain applications in real life scenarios.



Breaking the difficult situation of blockchain technology integration

As the underlying technology supporting the Internet of Value, blockchain calls for a large scale of integration with other areas to utilize its advantages. However, currently the industry is facing the difficult situation of integration. It requires joint efforts and technological breakthroughs in key areas to solve this problem. This new policy just brings about the opportunity for the development of the industry. A large scale of implementation of blockchain technology is to be expected.


According to the relevant statistics, there are currently more than 1,350 blockchain companies in China, covering many fields such as underlying technology research and development, industry applications, security services, and solutions. The Chinese government attaches great importance to the layout of the blockchain industry. As it is regarded as an important breakthrough point for independent innovation, the blockchain technology is included into the scope of the country's new infrastructure. Relevant policies are introduced continuously to support the industry.



Empowering scenario-based applications by blockchain technology

China has achieved great results in promoting the integration of blockchain and the real economy and building more scene-based applications. At present, blockchain has been introduced to areas like industrial Internet, big data, cloud computing, and artificial intelligence. To play an effective role in economic and other fields, it also needs to be integrated with other emerging information technologies to complement each other and become better together.


As a key variable from the Internet of Information to the Internet of Value, blockchain not only integrates and develops with traditional industries, but also continuously creates new business and organizational forms. It stands out in areas like meeting diversified market needs, boosting industrial chain collaborative innovation, and enhancing corporate efficiency. In the future, with the continuous improvement of technology and the support of the country, more real life scenarios applications will continue to appear, and innovative applications of blockchain such as DotWallet will also embrace more development opportunities.



DotWallet and the new policy

As a pioneer of blockchain technology, DotWallet has always insisted on continuously improving product features to promote blockchain technology to empower multiple use cases applications. In the future, DotWallet will follow the Guidance Opinions to make the most of the unique advantages of blockchain technology and promote the development of integrated applications in real life scenarios.



Blockchain wallet invites you into a new world. It is very important to have a high-performance blockchain wallet. DotWallet is the earliest and the most used BSV wallet around the world. Here are more exciting services, welcome to download and enjoy it now:


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