Ministry of Finance

China Looks Forward to Implement Blockchain in Agricultural Finance Sector

China Looks Forward to Implementing Blockchain in Agricultural Finance Sector

The Government of China has released ‘Guiding Opinions on Rural Service Revitalization of Financial Services’, to encourage mass adoption of blockchain in the agricultural financial sector. The new framework has been formulated to streamline financial services in rural areas with blockchain;¬†for improving identification, monitoring, and early warning; and reducing the farmer-specific agricultural credit risks.