Opinion

China is racing ahead of the United States on blockchain

The grand strategic competition between the United States and China will be won or lost based on who controls the rules and systems that govern 21st-century commerce, communications and security. Washington can no longer ignore that China is way ahead on the core technology that will underpin those systems: blockchain.

Last month, the Trump administration finally issued a broad U.S. plan for the development of artificial intelligence. But there’s no U.S. government strategy at all for blockchain. Meanwhile, the Chinese government’s blockchain effort is already well underway.