China to Develop a Blockchain Infrastructure System in Shanghai by 2025.

Shanghai's implementation plan for urban blockchain digital infrastructure represents a major stride toward fostering innovation and technological advancement in China's urban landscape.

China to Develop a Blockchain Infrastructure System in Shanghai by 2025.

China’s city of Shanghai is taking a significant step towards embracing blockchain technology by announcing its strategic plan to develop an urban blockchain digital infrastructure system by 2025. The Shanghai Municipal Government recently released its “Shanghai City Promoting Urban Blockchain Digital Infrastructure System Project Implementation Plan (2023-2025)” to bolster the use of blockchain across various sectors and promote its application in urban governance and public services.

The strategic plan focuses on three primary objectives:

  • Enhancing the use of blockchain technology in the real economy
  • Expanding its application in public services
  • Utilizing blockchain for urban governance

By achieving these goals, the city hopes to improve efficiency, security, and transparency while serving the strategic objective of Shanghai’s urban digital transformation.

The development of the urban blockchain digital infrastructure system is expected to lead to breakthroughs in core blockchain technology and standard system construction. This will create a robust industrial ecology with a strong innovation momentum, fostering a group of leading and influential companies in the blockchain sector.

Once completed, the system will support municipal affairs, public services, and applications across various regional industries. Moreover, it aims to enable the coordination of blockchain network resources in China’s Yangtze River Delta region and establish an international blockchain exchange hub.

Shanghai’s Vision for a Blockchain-Powered Future

Shanghai’s ambitious plan for blockchain infrastructure aligns with the broader national effort to promote emerging technologies across various Chinese cities. China has been actively advancing research and development in the metaverse and digital currency in recent months.

Nanjing introduced the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development nationwide. Similarly, Zhengzhou proposed measures to support metaverse companies in the region.

Furthermore, China has been pushing ahead with its central bank digital currency, the digital yuan, with various cities promoting its adoption. Jinan, for instance, has started encouraging digital yuan payments on all its bus routes.

By prioritizing blockchain infrastructure development, Shanghai aims to accelerate its journey toward becoming a technologically advanced and digitally transformed urban center. Integrating blockchain technology into the real economy, public services, and urban governance is expected to create a more efficient, transparent, and accountable ecosystem for the benefit of its residents and industries.

In conclusion, Shanghai’s implementation plan for urban blockchain digital infrastructure represents a major stride toward fostering innovation and technological advancement in China’s urban landscape. As the city continues its transformation, it paves the way for other cities to follow suit in embracing emerging technologies to drive sustainable development and improve the lives of their citizens.

Related News

Blockchain News Projects

New Gaming Token PIXEL Surges to Top 10 in Trading Volume.

New Gaming Token PIXEL Surges to Top 10...

With trading volume exceeding $1.2 billion, PIXEL has swiftl...

UK could pass stablecoin, staking laws within six months: Report

UK could pass stablecoin, staking laws within six...

The UK government plans to fast-track the enactment of fresh...

Japanese Government Plans to Relax VC Crypto Investment Rules

Japanese Government Plans to Relax VC Crypto Investment...

Reports suggest that the government has considered this move...

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT Startup Proof

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT...

As part of the acquisition, Yuga Labs plans to integrate Moo...

Aptos and Jambo partner to empower emerging markets via web3 phone.

Aptos and Jambo partner to empower emerging markets...

At the core of this initiative is the affordable JamboPhone,...

Spanish telecom giant Telefonica partners with Chainlink for enhanced security

Spanish telecom giant Telefonica partners with Chainlink for...

The collaboration will kick off with implementing the SIM SW...

Are you a journalist or an editor