IN BRIEF (Page 4)

Beijing

Nation to promote blockchain sector

China will create a better environment to promote the healthy development of the rising blockchain industry, the Ministry of Industry and Information Technology said. The blockchain is a digital ledger system that uses sophisticated cryptographic techniques to create a permanent, unchangeable, and transparent record of exchanges to trace each transaction. The technology has a wide range of applications in China including in finance, credit reporting, smart manufacturing and supply-chain management, the ministry said.