Chen Xin, a senior official at China’s Ministry of Industry and Information Technology, has asserted that the digital economy has become a notable player in China’s development and economic growth. The trend witnessed is progressing at an alarming rate.
The digital economy has emerged to be a formidable force in the present age as people’s work and lives are significantly transformed. For instance, costs have been reduced, whereas efficiency has been elevated. As a result, conventional industries have attained exceptional development standards.
Nevertheless, Xin affirms that a problem exists in the blockchain field based on the structural shortage of skills. As a result, this ought to be viewed as the primary hindrance of the blossoming of the current blockchain sector.
Image via Shutterstock