The National Blockchain Technology Innovation Centre in Beijing started operations on May 10 after being in the works since its announcement in February.

Chinese involvement in cryptocurrencies and blockchain technology is expanding, which has recently generated some buzz.

To strengthen its position even further, China launched a national blockchain research center, which started operating on Wednesday.

This center's noteworthy goal is to develop a sizable workforce by teaching blockchain technology to at least 500,000 qualified workers.

These skilled workers will support and expand the Web 3.0 sector in China, opening the door for important advancements and breakthroughs.