Guidance for Blockchain Implementation in Agriculture Finance Sector Introduced in China

A guideline for the blockchain implementation focusing in the agriculture finance sector has been launched in China called “Guiding Opinions on Rural Service Revitalization of Financial Services”. It was confirmed by the Chinese government which also highlighted the aim is to enhance the efficiency of financial services for rural revitalization program.

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Guidance for Blockchain Implementation in Agriculture Finance Sector Introduced in China

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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