China Officially Recognizes Blockchain Jobs as a New Profession
Kataryna Kovtun May 15, 2020
In connection with the coronavirus pandemic, blockchain companies are transforming. However, this influence is not at all negative for the blockchain industry. China is ahead of the global industry in blockchain recognition, creating new jobs in this area. This is due to job loss during the quarantine.
MOHRSS or China’s Ministry of Human Resources and Social Security regulates the country’s national labour policy. With a recent decision, the ministry added blockchain-related jobs to the list of officially recognized jobs.
Formal Activities to Promote Employment among COVID-19
Professions such as technology developers, analysts, and engineers are among the recognized jobs, according to a May 11 statement by MOHRSS. The list also includes 3D printing operators and nucleic acid experts. The amount of work associated with the blockchain includes several actions. These include blockchain architecture design, underlying technology, system application, and testing, and operation and maintenance developed by MOHRSS.
In a statement, the ministry noted that the formal introduction of new occupations is in line with China’s growing demand for employment promotion in the COVID-19 outbreak. The decision to list new job types as officially recognized professions appears to be aimed at massive job losses in China after months of banning the coronavirus pandemic.
China will become the World Leader in the Blockchain Industry?
This news appeared against the background of the fact that China is steadily accelerating the process of adopting the blockchain. In addition to promoting blockchain projects in the context of the COVID-19 crisis, China is also developing its overall strategy for implementing blockchain under the decree of Chinese President Xi Jinping.
On May 13, the Central Bank of China, the People’s Bank of China, held a meeting calling for further acceleration of the blockchain adoption strategy. At least two major blockchain-related projects are being checked by the Chinese authorities. The digital currency of China’s central digital bank, the digital yuan, is reportedly being tested in four cities: Shenzhen, Xiongan, Chengdu, and Suzhou. According to reports, in late April, China also launched a national blockchain network called the blockchain-based service network.
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