China explores blockchain to safeguard citizen data and enhance credit system integrity

China is exploring the use of blockchain technology to enhance the security and integrity of its credit information systems, as reported by STCN. The National Development and Reform Commission (NDRC) is leading this initiative, aiming to protect citizens’ personal data and improve data-sharing practices. Deputy Director Li Chunlin highlighted the use of privacy computing solutions to prevent data leaks, with blockchain being considered to encrypt data securely and improve traceability in credit systems. This move aligns with a global trend of governments adopting blockchain for non-financial purposes, such as increasing transparency and efficiency. Notable crypto industry leaders like Changpeng Zhao and Brian Armstrong have endorsed blockchain’s potential for government applications. Beyond China, the U.S. is also reportedly considering blockchain for USAID and public sector improvements under the Department of Government Efficiency (DOGE), led by Elon Musk. Show Less