China’s new national data infrastructure initiative focuses on blockchain technology to ensure data management transparency and security. The aim is to set up a unified data market by 2029, enhancing nationwide data sharing. This reflects China’s commitment to leveraging blockchain for safer data handling.

The implementation of this plan will occur in phases, starting from 2024. Initial efforts will revolve around designing and refining the data infrastructure. By 2027, the focus will shift to large-scale data circulation. The final goal is to integrate comprehensive systems with blockchain as the trusted backbone.

This initiative is projected to draw around 400 billion yuan annually, reaching a total of 2 trillion yuan over five years. The economic effects could be significant, influencing China’s role in the global digital economy by promoting data security and resilience through advanced technologies like 5G and 6G.