{"id":3974,"date":"2024-08-09T11:59:01","date_gmt":"2024-08-09T11:59:01","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/shanghai-implements-a-plan-for-blockchain-digital-infrastructure-system-by-2025\/"},"modified":"2026-01-07T17:08:24","modified_gmt":"2026-01-07T17:08:24","slug":"shanghai-implements-a-plan-for-blockchain-digital-infrastructure-system-by-2025","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/08\/09\/shanghai-implements-a-plan-for-blockchain-digital-infrastructure-system-by-2025\/","title":{"rendered":"Shanghai implements a plan for blockchain digital infrastructure system by 2025"},"content":{"rendered":"\n

August 2, 2023<\/p>\n\n\n\n

By Sharan Kaur Phillora<\/p>\n\n\n\n

On July 31, the city of Shanghai, China’s technology and commercial hub, launched<\/u><\/a> a comprehensive plan to advance its urban blockchain digital infrastructure system by 2025. This strategic move is aimed at transforming Shanghai’s urban digital environment and reinforcing blockchain’s role in the economy, public services, and governance.<\/p>\n\n\n\n

Here\u2019s what we know:<\/strong><\/p>\n\n\n\n

The implementation plan, with the long-winded title of \u201cShanghai City Promoting Urban Blockchain Digital Infrastructure System Project Implementation Plan (2023-2025),<\/u><\/a>\u201d aims to facilitate breakthroughs in blockchain technology and standards, fostering innovation and industry leadership. It will culminate in a fully operational \u201cPujiang Digital Chain\u201d by 2025 that will support the city\u2019s government affairs, public services, and various industrial applications.<\/p>\n\n\n\n

This ambitious initiative will not only enhance the security of the city\u2019s data infrastructure but also aid in large-scale blockchain applications. With an emphasis on traceability in trade and agriculture and putting government data on-chain, Shanghai seeks to become an international blockchain exchange hub.<\/p>\n\n\n\n

Another key aspect of the plan is the integration of the Yangtze River Delta (YRD) region, a significant economic sector that contributed 20% of China’s GDP in 2018<\/u><\/a>. The effort also aligns with China’s broader strategy to bolster various cities across the country with emerging technologies as the nation actively pushes for advancements in blockchain and the metaverse.<\/p>\n\n\n\n

The Shanghai-based initiative is part of a bigger picture, with other cities like Nanjing and Zhengzhou also engaging in technology development. Notably, this move comes despite the Chinese mainland’s ban on crypto transactions since 2021, showing the government’s interest in non-cryptocurrency applications of blockchain technology.<\/p>\n\n\n\n

This decisive step underlines Shanghai’s pride in its status as a tech hub and showcases China’s continuous efforts to integrate cutting-edge technology into its urban development, strengthening its position as a global leader in the blockchain arena.<\/p>\n\n\n\n

About the author<\/strong><\/strong><\/p>\n\n\n\n

Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":"

August 2, 2023 By Sharan Kaur Phillora On July 31, the city of Shanghai, China’s technology and commercial hub, launched a comprehensive plan to advance its urban blockchain digital infrastructure system by 2025. This strategic move is aimed at transforming Shanghai’s urban digital environment and reinforcing blockchain’s role in the economy, public services, and governance. Here\u2019s […]<\/p>\n","protected":false},"author":4,"featured_media":3975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":{"0":"post-3974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all"},"yoast_head":"\nShanghai implements a plan for blockchain digital infrastructure system by 2025 - Blockwind News<\/title>\n<meta name=\"description\" content=\"Shanghai implements a plan for blockchain digital infrastructure system by 2025 . 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