{"title":"Governing the Digital Economy: An Exploration of Blockchains with Chinese Characteristics","authors":"G. Sigley, Warwick Powell","doi":"10.1080/00472336.2022.2093774","DOIUrl":null,"url":null,"abstract":"Abstract In 2019 President Xi Jinping called for the prioritisation of blockchain technology as part of China’s next phase of development. In China, blockchain technologies have been experimentally deployed in various areas including court records, securities exchanges, finance, and food supply chains. The emergence of blockchain as a governmental technology raises numerous questions, including: (i) what are the conditions of emergence and existence of China’s interest in blockchain technology? (ii) what are the features of “blockchains with Chinese characteristics”? (iii) what implications are there for the post-COVID-19 pandemic world, in which technological issues are likely to be pivotal points of contention? This article seeks to examine these questions and frame a research programme that can shed light on how blockchains may impact the evolution and shape of China’s social and economic structure and the interaction of China with the rest of the world, including the prospect of “decoupling” and “deglobalisation.” Examples of blockchain innovation are drawn from food and pharmaceutical supply chains, the Healthy China 2030 policy, the digital RMB/Yuan and the Belt and Road Initiative with attention to the emerging legal and institutional frames that support the application of blockchain technologies.","PeriodicalId":47420,"journal":{"name":"Journal of Contemporary Asia","volume":"53 1","pages":"648 - 667"},"PeriodicalIF":2.0000,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Contemporary Asia","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1080/00472336.2022.2093774","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AREA STUDIES","Score":null,"Total":0}
引用次数: 5
Abstract
Abstract In 2019 President Xi Jinping called for the prioritisation of blockchain technology as part of China’s next phase of development. In China, blockchain technologies have been experimentally deployed in various areas including court records, securities exchanges, finance, and food supply chains. The emergence of blockchain as a governmental technology raises numerous questions, including: (i) what are the conditions of emergence and existence of China’s interest in blockchain technology? (ii) what are the features of “blockchains with Chinese characteristics”? (iii) what implications are there for the post-COVID-19 pandemic world, in which technological issues are likely to be pivotal points of contention? This article seeks to examine these questions and frame a research programme that can shed light on how blockchains may impact the evolution and shape of China’s social and economic structure and the interaction of China with the rest of the world, including the prospect of “decoupling” and “deglobalisation.” Examples of blockchain innovation are drawn from food and pharmaceutical supply chains, the Healthy China 2030 policy, the digital RMB/Yuan and the Belt and Road Initiative with attention to the emerging legal and institutional frames that support the application of blockchain technologies.
期刊介绍:
The Journal of Contemporary Asia is an established refereed publication, it appears quarterly and has done so since 1970. When the journal was established, it was conceived as providing an alternative to mainstream perspectives on contemporary Asian issues. The journal maintains this tradition and seeks to publish articles that deal with the broad problems of economic, political and social development of Asia. Articles on economic development issues, political economy, agriculture, planning, the working class, people"s movements, politics and power, imperialism and empire, international financial institutions, the environment, and economic history are especially welcomed.