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Source: China State Council Information Office 2

Beijing issued an action plan to build itself into a highland of blockchain innovation technology by the end of 2022, in a bid to provide a new impetus to the city’s high-quality economic development.
The action plan focuses on the research and development of the blockchain technology, aiming to push forward the application of scientific and technological achievements toward social and economic development.
According to the plan, Beijing will build a platform for research and development of core technologies of blockchain. It also encourages research institutions, universities, and companies to take part in establishing the industry standard for blockchain.
To better apply the technology, the city will also build a series of application scenarios, covering the fields of government affair service, financial service, urban management, and e-commerce.
The city also plans to build multiple industrial clusters to develop blockchain. A variety of bases for developing blockchain will be built in Beijing’s Haidian, Chaoyang, and Tongzhou districts. A special fund will be set up to support the establishment of a blockchain industry union.
In addition, Beijing will attract talents and entrepreneurs from home and abroad to take part in building Beijing into a highland of blockchain technologies. A training system will also be built to cultivate professional talents of blockchain technological innovation and research.

MIL OSI China News