Key Takeaways:
China's National Data Administration has released a draft plan to explore new data set trading models, including "Token transactions," aiming to build a token-based, quantifiable, and priceable value system for data by the end of 2028.
The proposal was detailed in the "Implementation Plan for Promoting the Construction of High-Quality Industry Data Sets (Draft for Comments)," which is now open for public feedback, according to the agency's announcement. The plan signals a strategic push by Beijing to modernize its data economy infrastructure.
The draft outlines a significant shift from selling basic data packages to more sophisticated models like application programming interface (API) calls and model-based solutions. By 2028, the administration aims to have established high-quality industry data sets across key sectors, fostering innovative data enterprises and setting new standards for data construction and trading.
This initiative could lay the groundwork for a state-regulated market for tokenized data assets, potentially benefiting enterprise-focused blockchain platforms designed for compliance. However, the plan's long-term nature and the ambiguous definition of "token" create uncertainty. The framework may exclude public cryptocurrencies, drawing a sharp contrast with the regulatory approaches seen in the US by the SEC or with Europe's Markets in Crypto-Assets (MiCA) regulation.
This article is for informational purposes only and does not constitute investment advice.
