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July 7, 2020

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Beijing sets sights on blockchain

Beijing has unveiled an action plan to boost blockchain deployment, integrating into the city’s operations.

Under the Beijing Blockchain Innovation Development Action Plan 2020-2022, it is expected the city will become an influential new center for blockchain innovation, application demonstration, industrial development and talent by 2022.

The plan outlines four key strategies and 20 specific tasks, including building platforms for theory and technology research, building and implementing multi-field application scenarios, and building a leading team of blockchain talent.

The city will focus on real estate registration and unified electronic bill payments.

Beijing plans to foster a climate favorable to blockchain innovation and enterprises with great growth potential. It will set up a special fund to allocate government funding to blockchain projects.

Last October, China launched a nationwide blockchain-based service network.


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