China: Government Officials Educated about Blockchain Technology

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In yet another effort to supplement a thorough understanding and adoption of distributed ledger system, the Communist Party of China (CPC) released a “primer” on blockchain technology on Aug. 13, 2018. Blockchain Education for Officials As noted in the press release, the CPC-funded book contains relevant information on blockchain technology – including the origins of a “blockchain” – smart contracts, potential use-cases, future application avenues, and obstacles faced by the broader cryptocurrency and blockchain sector.  Titled “Blockchain – Leading Cadres Reader,” the book also explores “teething” challenges associated with blockchain technology, as is observed during the advent of all innovations. The book is primarily targeted towards government officials and financial authorities to gain a succinct understanding of blockchains and the benefits of implementing blockchain-based frameworks in official and private sectors. Speaking of the move, Ye Hao, the general manager of the Chinese publication People’s Daily, stated: “The most