The grand strategic competition between the United States and China will be won or lost based on who controls the rules and systems that govern 21st-century commerce, communications and security. Washington can no longer ignore that China is way ahead on the core technology that will underpin those systems: blockchain.
Last month, the Trump administration finally issued a broad U.S. plan for the development of artificial intelligence. But there’s no U.S. government strategy at all for blockchain. Meanwhile, the Chinese government’s blockchain effort is already well underway.