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Beijing plans to become the center of blockchain development

Beijing plans to become the center of blockchain development

Beijing municipal authorities have released a document that describes a plan to turn the Chinese capital into a center for blockchain development in just two years.

The document entitled “action Plan for blockchain development and innovation in Beijing (2020-2022)” States that Beijing should become one of the first cities in the middle Kingdom to integrate distributed Ledger technology into economic policy:

“By 2022, Beijing will become an important and influential center for blockchain innovation, a technology demonstration center, an industrial development center, and a talent center for innovative technologies. It will illustrate the “Beijing plan” for economic and social development using blockchain.”

Already in Beijing, 140 applications for public services use blockchain, and in the future, the technology will be implemented in even more applications. In addition, at the beginning of the month, Beijing launched a special Fund for the development of blockchain.