National People's Congress deputy Dong Jin: Chinese chips boost blockchain performance by 50 times

Techub News, according to CCTV News, Dong Jin, a deputy to the National People's Congress and president of the Beijing Academy of Blockchain and Edge Computing, stated that China's independently innovated blockchain underlying technology has been applied in 16 central ministries and commissions and 27 central enterprises, achieving positive progress in areas such as taxation, cross-border trade, and global payments. Currently, hundreds of billions of invoices are processed annually on the independent blockchain, with over 300,000 enterprises involved in cross-border trade on-chain, and the trade volume reaching trillions of yuan. He emphasized that blockchain is one of the most critical infrastructures in the development of the digital economy, and the blockchain-specific acceleration chip developed by his team can improve performance by 50 times.