The 2019 Insight Global Blockchain Survey conducted by Deloitte has found that China is promoting greater development using distributed ledger technology (DLT) in the areas of military operations and surveillance systems, according to a report by The Epoch Times.

The survey gathered data from 1,386 senior executives of major global companies, of whom 200 executives were based in mainland China. 

Blockchain as a Top Strategic Priority

While 53 percent of executives around the world said blockchain was a “top five strategic priority,” 73 percent of their Chinese counterparts rated blockchain as a top five priority, with 40 percent placing DLT as high as number one.

One of the report’s contributors was Paul Sin, leader of Deloitte’s Asia-Pacific blockchain lab and Deloitte Advisory Consulting Partner. Sin said, “China, more than anywhere else in the world, will use blockchain strategically instead of tactically. More projects are driven by top management who use blockchain as a strategic weapon rather than a productivity tool.”

Chinese Government Ramps Up Military Applications of DLT 

China’s Ministry of Industry and Information Technology has released a statement outlining how the country will place an emphasis on domestic control and military supremacy by focusing on “an integrated information infrastructure for land, sea, and air, establish[ing] a national cyberspace infrastructure coordination and coordination mechanism.” 

In 2018, China has reportedly launched more satellites into orbit than any other nation, according to an MIT University review. The People’s Liberation Army claimed that it is cooperating with state-owned-enterprises — Spacety and Commsat — to construct large constellations of small imagery and communication satellites intended for scientific and commercial uses.

Source: https://www.theepochtimes.com

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