China Introduces Digital Property Chain in Chengdu Conference

It is reported that on February 22, the first China Digital Property Rights Innovation Conference hosted by the China Association of State-owned Property Right…

China Introduces Digital Property Chain in Chengdu Conference

It is reported that on February 22, the first China Digital Property Rights Innovation Conference hosted by the China Association of State-owned Property Rights Trading Institutions (hereinafter referred to as the China Property Rights Association) was successfully held in Chengdu. At this conference, the country’s first digital property blockchain platform – “digital property chain” was officially launched. On the same day, the conference also released the White Paper on the Digital Property Chain, which elaborated the concept of digital property, the design of digital property chain, and the innovation achievements of digital property. (China Securities News)

The first digital property chain platform in China was launched in Chengdu

Interpretation of the news:


The China Association of State-owned Property Rights Trading Institutions has successfully hosted the first China Digital Property Rights Innovation Conference in Chengdu on February 22. According to China Securities News, the conference launched the first blockchain platform for digital property called the “digital property chain” and released its White Paper. The digital property chain aims to address the challenges that prevent the smooth transfer of property rights between individuals and organizations.

The concept of digital property was elaborated in the released White Paper, which explained that it refers to incorporeal property rights that can be embodied in digital format. The design of the digital property chain caters to a new era of digitalization and the need to maintain an incorruptible and decentralized system. This means that unlike traditional central database systems, the digital property chain will utilize the distributed nature of blockchain technology to uphold transparency and trustworthiness.

At the same time, the digital property chain is set to become a landmark innovation achievement in the property rights management industry. With the advancement of digital technology, many industries have started undergoing a digital transformation, and this includes the management and transfer of property rights. The birth of the digital property chain is therefore a significant step forward in achieving accuracy, efficiency, and security in property rights management.

This innovation is also expected to play a crucial role in the future development of China’s digital economy. In line with this, the government has been encouraging research and development in blockchain technology and digital property rights. The introduction of the digital property chain highlights China’s determination to innovate and become a global leader in digital technology.

In conclusion, the first China Digital Property Rights Innovation Conference in Chengdu introduces a significant milestone in blockchain technology for China. The digital property chain is designed to provide solutions to the management and transfer of property rights, with the advantages of a decentralized and trustless system. With the support of the government, this innovative achievement is poised to contribute to China’s vision of digital economy and its growth in advancing to become a global leader.

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