vol.064：China's Blockchain Revolution
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vol.064：China's Blockchain Revolution
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The source provides a detailed overview of the increasing adoption and strategic importance of blockchain technology in China, positioning it as a key mechanism for addressing the nation's "social credit formation" weaknesses. Authored by IT journalist Makino Takefumi, the text explains that blockchain's characteristic of being highly resistant to tampering makes it crucial for ensuring the reliability of recorded information, particularly in areas like food traceability. Beyond digital currency such as the digital yuan, the article highlights numerous applications across eight major sectors, including finance, healthcare, judiciary, and government administration. The text also includes a technical explanation of how hashing and decentralized ledgers function to secure the blockchain's integrity, noting that the central government's designation of the technology as a national strategy has spurred rapid development across cities, banks, and universities. Overall, the source demonstrates that blockchain is actively being integrated into various aspects of Chinese society and commerce to enhance transparency and trust.