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Blockchain technology: development and prospects.

¹NSR news editor.

National Science Review

|October 25, 2021

Summary

This summary is machine-generated.

Blockchain technology, originating from Bitcoin, offers secure distributed systems for data and transactions. Experts discuss its future development and application in China and globally.

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Area of Science:

Computer Science
Information Technology
Economics

Background:

Blockchain technology emerged over a decade ago with Satoshi Nakamoto's Bitcoin paper.
The technology facilitates secure, distributed data storage and value transactions.
Blockchain gained significant attention due to Bitcoin's price volatility (2017-2018).

Purpose of the Study:

To provide an expert overview of blockchain technology's development.
To explore the future trajectory of blockchain applications in China and internationally.
To synthesize diverse expert opinions on blockchain's impact.

Main Methods:

Expert panel discussion.
Review of recent trends and government policies in China.
Analysis of blockchain applications across various fields.

Main Results:

China's cautious approach includes banning initial coin offerings but plans widespread blockchain application in the real economy.
Expert opinions suggest diverse future developments for blockchain technology.
The discussion highlights the growing importance of blockchain in global technology and economics.

Conclusions:

Blockchain technology holds significant potential for transforming various sectors.
China's strategic approach indicates a move towards integrating blockchain into its economy.
Continued expert dialogue is crucial for navigating the future of blockchain.