The State Council issued a reply on the "Implementation Plan for the Pilot Comprehensive Reform of Factor Marketization in Some Regions of the Country," which repeatedly mentions the application of blockchain technology

ChainCatcher news, the State Council approved the implementation plan for the pilot reform of market-oriented allocation of factors in some regions across the country, which repeatedly mentions the application of blockchain technology. Among them: 1. The implementation plan for the pilot reform of market-oriented allocation of factors in key cities in Southern Jiangsu points out the promotion of green finance reform and innovation experiments, exploring blockchain-based green asset trading, and encouraging the development of green financial products; 2. The implementation plan for the pilot reform of market-oriented allocation of factors in Hangzhou, Ningbo, and Wenzhou indicates the encouragement of using new technologies such as privacy computing and blockchain to promote the integration and deep development of public and social data; 3. The implementation plan for the pilot reform of market-oriented allocation of factors in the Hefei metropolitan area points out the use of technologies such as blockchain, privacy computing, and quantum encryption to improve the efficiency of data circulation and transactions, ensure the security of data circulation, deeply promote artificial intelligence social experiments, and explore innovative applications of blockchain; 4. The implementation plan for the pilot reform of market-oriented allocation of factors in Zhengzhou indicates the use of data protection measures such as trusted identity authentication, data signatures, interface authentication, and data traceability, along with new technologies like blockchain, to strengthen the security protection of computing power resources and data resources; 5. The implementation plan for the pilot reform of market-oriented allocation of factors in the Chang-Zhu-Tan area points out the reliance on existing trading venues to carry out data trading, strengthen the innovation of underlying blockchain technology, cultivate the blockchain industry ecosystem, and explore the construction of a blockchain standard system.