The National People’s Congress (NPC) of the People’s Republic of China has started its annual sessions a while ago, which are referred to as the “Two Sessions” or “lianghui” meetings.

Over 3000 delegates from all over China meet once per year to suggest proposals in the course of sessions.

As Beijing News has recently reported, a deputy of NPC, Jieqing Tan proposed the establishment of a special fund to develop the blockchain industry. If approved, the government will lead this fund.

The fund is intended to support different blockchain companies in formation & expansion, promote the blockchain technology usage, as Jieqing Tan has stated.

In addition, through policy support, financial support, planning guidance, industrial agglomeration and other tangible hands, the entire industry of blockchain companies will be united, & innovative resources will be extensively gathered to develop a complete ecosystem.

Tan is confident that with this step the governance system of China will be renovated. Blockchain can push China towards smart governance & a society with a high level of confidence.