The Shanghai government has revealed plans to promote the development of its urban blockchain digital infrastructure system between 2023 and 2025. According to an update on the government webpage, the initiative aims to support Shanghai’s urban digital transformation, strengthen blockchain applications in the economy, public services, and urban governance, and foster a hub for international blockchain exchange. The planned system should support municipal affairs, public services, and applications in various regional industries, promote coordination of blockchain resources in the Yangtze River Delta, and facilitate the city’s coordination of innovation for core blockchain technology.
Source: https://coinpedia.org/crypto-live-news/shanghai-to-promote-urban-blockchain-infrastructure-development-by-2025/