Wu Jiezhuang: Utilizing Blockchain Technology to Boost Rural Development in Mainland China

Techub News reported, according to Wen Wei Po, Hong Kong Legislative Council member Wu Jiezhuang shared in a story about his duties that he utilized blockchain technology to assist in the development of mainland rural agriculture. He pointed out that Hong Kong possesses internationally leading advantages in the blockchain field, particularly in RWA (Real World Asset tokenization). By establishing a credible data chain for agricultural products through a blockchain traceability system, consumers can easily verify their origins, thereby enhancing product value. Simultaneously, blockchain opens new financing channels for agriculture, transforming agricultural product data into mortgageable assets to help farmers obtain low-cost capital. He explained technological stories in a down-to-earth manner, transforming complex blockchain into a practical tool where "trust becomes new productivity and data becomes new farming implements," promoting the digital transformation of rural areas.