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China’s CAC to Accelerate Blockchain and AI Integration with Real Economy

CAC director Zhuang Rongwen says the agency will fast-track innovation in AI and blockchain, aiming to build an industrial ecosystem and strengthen blockchain support capabilities.

Summary

Zhuang Rongwen, head of the Cyberspace Administration of China (CAC), announced plans to expedite innovation in artificial intelligence and blockchain technologies. The initiative includes developing a robust industrial ecosystem and enhancing blockchain support capabilities to integrate these technologies more deeply into the real economy.

Terms & Concepts
  • CAC (Cyberspace Administration of China): China’s central internet and data regulator overseeing digital technologies and cyberspace governance.
  • Blockchain: A decentralized and secure database technology that records transactions across a distributed network.
  • Artificial Intelligence (AI): Computer systems designed to perform tasks that normally require human intelligence, such as learning and problem-solving.