Blockchain Will Be Used In The Digital Silk Road

An official closed meeting with Lu Jianzhong, Chairman of Silk Road Chamber of International Commerce (SRCIC), and a representative of Mile Unity Foundation was held during the 2018 Silk Road Business Summit in China. The South Korea-based Mile Unity was invited to the event as part of G-Global delegation.

Maria Tarabanova, a business diplomat at Mile Unity Foundation, and Jianzhong discussed issues concerning integration of blockchain technology in real life and how new technology can help make government operations more transparent.

Both sides also discussed the concept of the Digital Silk Road. This is Beijing’s idea to leverage the power of digital industry to drive the development of traditional industries, shape global e-commerce and set standards for the global digital market landscape.

“The Digital Silk Road initiative is something that can’t be realised without blockchain. And we are proud to discuss how blockchain can bring international trade to the new level with such authoritative organisation like SRCIC,” said Tarabanova to the press after the event.

The SRCIC, composed of national commercial associations of the Silk Road countries, is the first non-profitable and non-governmental international business confederation named after the Silk Road. Currently SRCIC has 129 organizational members from 77 countries, including state-level organizations and millions of affiliated enterprises.

The closed-door meeting with Mile Unity and the Chairman of SRCIC was made during the 2018 Silk Road Business Summit in the city of ZhangJiajie, central China’s Hunan province, with the attendance of 400 representatives from 84 countries and regions.