People's Daily: New technologies such as blockchain help cultural industries achieve high growth

On August 20, according to the People's Daily News, in the first half of 2019, in the face of the complicated situation of increasing domestic and international risk challenges and increasing downward pressure on the economy, culture and related industries maintained a steady and advancing development trend. According to figures released by the National Bureau of Statistics, the operating income of 56,000 cultural and related industrial enterprises above designated size exceeded 4 trillion yuan, a year-on-year increase of 7.9%. The relevant person in charge of the Propaganda Office of the Central Propaganda Department said that this was due to the vigorous development of new technologies to enhance the new kinetics of cultural development. The rapid development of new generation information technologies such as cloud computing, big data, Internet of Things, artificial intelligence, blockchain, and 5G has profoundly changed the channels and ways for people to acquire knowledge, transmit information, and appreciate culture. New Internet-based cultural formats such as digital content, animation games, and live video broadcasts have become new kinetic energy and growth points for the development of the cultural industry.