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Category: CRYPTO NEWS
The post China’s NDRC Eyes Blockchain for Credit Data Security – Coincu appeared on BitcoinEthereumNews.com. Key Points: New privacy measures in credit data handling by China’s National Development and Reform Commission (NDRC). Blockchain integration aims to improve data security and reduce risk. No confirmed market impact or expert opinions reported yet. China’s NDRC Eyes Blockchain for Credit Data Security On April 2, 2025, Li Chunlin, of China’s NDRC, revealed plans to leverage blockchain for secure credit data at a State Council event. The initiative underscores China’s drive towards innovative technology to improve credit data security, though market reactions remain unclear. Deputy Director Li Chunlin highlighted the intention to apply privacy computing and blockchain technology to enhance the security of China’s credit information systems. The NDRC aims to use these technologies to minimize the risk of information leakage. China’s Push to Secure Credit Data with Blockchain Blockchain technology is expected to transform the way credit data is processed and shared within regulatory frameworks. This marks a strategic effort to align data security practices with global standards. While Li Chunlin’s statements received attention, there has been little official remark from major financial or tech sectors. “We are committed to enhancing the financing environment for small businesses to foster growth and innovation,” said Li Chunlin, Deputy Director, National Development and Reform Commission (NDRC). Governmental clarity and industry adoption of such technologies often take time, impacting the wider economic landscape. Credit Systems Revolution: Blockchain’s Role in China’s Economic Growth Did you know? In 2024, outstanding loans to small enterprises in China reached 31.4 trillion yuan, showing significant growth in the efficient processing of credit information. Previously, China’s credit systems were bolstered by technologically advanced frameworks, showing an upward trend in loan distributions across small enterprises. By 2024, these loans reached trillions of yuan, indicating substantial demand and growth. The integration of blockchain promises to further fortify these systems by…
2025-04-02T03:30:39+00:00