Chinese Communist Party's Blockchain Pursuit
While most people are familiar with the Chinese Governments hard stance on Crypto Currencies lesser known is the fact the Chinese Communist Party has whole heartedly and publicly embraced Blockchain Technology outside of Crypto Currencies. In some cases holding the edge on developing Blockchain Technology ahead of the West.
Justin Sun the founder of Tron, and Steemit Blockchain owner plays a role in the Chinese Communist Party's Blockchain pursuit which also includes dominating Social Media on the Blockchain. In 2021 Justin Sun was chosen by the Central Party School of the Chinese Communist Party for a Blockchain project. Coin Desk reports:
"Justin Sun, the founder of the Tron blockchain, is participating in a research project at the prestigious Central Party School, the higher education institution that trains cadres of the Communist Party of China."
"The project was approved by the Central Party Committee to consider the advantages of blockchain in social governance and look for innovative applications, the statement said."
For more detailed info on Justin Sun and the CCP aI link to a post of mine on the subject with good information. It makes me believe Steemits's aquisition by Justin Sun was sanctioned and supported by the Chinese Communist Party and Government.
https://www.coindesk.com/markets/2021/07/27/justin-sun-joins-research-project-at-communist-party-school/
The Chinese Government takes the Blockchain serious enough to offer it's expertise to other developing countries.
(Blockchain Technology is DLT: distributed ledger technologies. )
In an article from the National Interest titled, "China Will Exploit U.S. Complacency on Distributed Ledger Technologies" it is reported that: "Within the past few years, the CCP has added DLTs to the list of high-tech services it offers developing countries in exchange for political influence (and cash)."
The National Interest also points out that the Chinese Government is serious about deploying and leading the world in Blockchain Technology and already has a public Blockchain in use.
"Since at least April of 2020, the CCP has been operating a “public infrastructure network” for building, deploying, and operating DLT-based applications globally. Dubbed the Blockchain-based Service Network (BSN), this system offers relatively inexpensive access to DLTs"
https://nationalinterest.org/blog/techland-when-great-power-competition-meets-digital-world/china-will-exploit-us-complacency
In the West most people aren't aware of Blockchain Technology or even the fact Crypto Currencies run on Blockchain's while China since 2018 has made it a national priority.
The most recent evidence of the Chinese Governments ambition to lead the world in Blockchain technology is a quote from
the Daily Caller
"Beijing has set itself an ambitious goal to be the world leader in blockchain technology by 2025, a mere three years away from today. In an October 2019 seminar at the Chinese Politburo, the decision-making body of the Chinese Communist Party (CCP), President Xi Jinping identified blockchain as a key area of technological breakthrough for China; he was recorded as remarking that the technology was of strategic importance to the nation."
https://dailycaller.com/2022/05/24/us-falling-behind-the-8-ball-blockchain-lessons-to-learn-from-china/
This report proves that you can't separate the Chinese Communist Party from any Chinese owned Blockchain. It's the absolute height of Centralized control. Joining a Blockchain doesn't mean you are free of Government or Corporate control. Great fully the Hive Blockchain is it's own country without borders and unlike Steemit is purely Decentralized.
