TRON partners with the PRC National Development and Reform Commission (NDRC)
The National Development and Reform Commission of the People’s Republic of China, also known as the National Development and Reform Commission, or in short, is a macroeconomic management agency under the State Council for comprehensive research, high-level social and economic development and management which guides overall economic system reform of mainland China, thus known as the “mini-state council”.
Xi Jinping, President of the People’s Republic of China, emphasized “leveraging blockchain to make core technological breakthroughs” and “accelerating innovation in blockchain technology and businesses” in his speech last year on October 24th.
Blockchain, as a technological branch of the New Infrastructure project, has become the most promising industry in the digital economy, given much attention from government, financial, and business enterprises as well as individuals.
As one of the top and most representative public chain projects in China, TRON, led by founder and BitTorrent CEO Justin Sun, has been steadily receiving more attention from government agencies and institutions while expanding its global reach and with whom the NDRC entered a partnership with to help advance China’s blockchain technologies.
NDRC Recognition of TRON and Justin Sun
TRON founder Justin Sun has also been appointed as an editorial board member of Information China, an authoritative journal of the National Information Technology Commission, from January 1, 2021 to December 31, 2021. For a period of one year, Justin Sun and TRON will serve as advisors to China national authorities and promote the development of China’s information industry from the blockchain field.
Information China Magazine (CN11-4721/TN; ISSN1671-3370) is a national authoritative journal founded in 2002 and administered by the NDRC, supervised by the Advisory Committee for State Informatization and sponsored by the China Information Industry Association with endorsement from the China Advisory Committee for State Informatization, published in China and as well as abroad.
The Information China editorial board is obligated to provide China state authorities with the theoretical and practical solutions based on the trends in information technology to catalyze the vigorous development of China’s digital information industry.
As a publication run by the China NDRC, whose content and final review are under the authority and supervision of the editorial board; Justin Sun’s appointment as an Information China board member demonstrates state-level acknowledgement and recognition of both himself, and TRON.
Up until Justin Sun’s appointment, the Information China editorial board mainly consists of government officials and industry experts. This again exhibits the recognition of Justin Sun and TRON from the China NDRC and its authorities.
It’s worth highlighting that this is not the first time Justin Sun and TRON were mentioned by a national journal or platform. Prior to this, Xuexi Qiangguo (a platform featuring quality content administered by the Publicity Department of the Communist Party of China), The Study Times (the official newspaper of the Central Party School of the Communist Party of China), China Banking and Insurance News along with multiple other journals had published Justin Sun’s article ‘Blockchain Redefines Trust in Financial Service’ , which garnered huge market attention and spotlight.
This partnership with NDRC is held with much value by TRON founder and BitTorrent CEO Justin Sun, who states:
“2020 has been a fruitful year for TRON,” said Justin, “This year, we officially launched the new BitTorrent X ecosystem and the world’s first decentralized live-streaming protocol DLive Protocol, which has been through decades of research and development. We also entered into a partnership with Huawei, one of the world’s largest Android device manufacturers.
In addition, we not only took advantage of this year’s DeFi boom, but took a step further by creating a TRON DeFi empire with the diverse JUST ecosystem, which includes the USDJ stablecoin, cross-chain assets BTC/ETH on TRON, the liquidity mining project JustSwap, the JustLend lending platform, among multiple other outstanding projects.
Our metrics for the number of MainNet accounts and transactions have surpassed Ethereum and EOS multiple times. With strong throughput, fast transfers and other strengths in performance as well as negligibly low fees,TRON is becoming one of the most widely used networks.
Our stablecoin TRC20-USDT now has a net worth value of $6.8 billion, while it was only $900 million at the beginning of this year. Hopefully the new year will start with $6.8 billion and end at $50 billion.
As a public chain project committed to building a China industry standard, it makes me both gratified and aware of the heavy responsibility on my shoulders by seeing TRON receive recognition and favor by national publications and platforms. With blockchain continuing to display good momentum and Bitcoin exceeding the $34,000 mark, it is without question that the upcoming 2021 will be a turning point for the industry to return to the mainstream. The journey next year will undoubtedly be spectacular, and TRON and I will continue to go all in. I hope that by this time next year, TRON will grow into an irreplaceable, unrivaled public chain and shine on the global blockchain stage on behalf of Chinese public chains.
(Syndicated press content is neither written, edited or endorsed by ED Times)