Beijing government releases its blueprint for becoming a blockchain hub

Beijing’s municipal government released a 145-page blueprint today outlining a plan to become a hub for blockchain innovation over the next two years.

The blueprint comes nearly a month after the city's municipal government announced an initiative called the “Beijing Blockchain Innovation Development Action Plan (2020-2022),” which is aimed at making China’s capital one of the first cities in the country to integrate blockchain technology into the city’s economic development.

"By 2022, Beijing will become an influential blockchain technology innovation center, application demonstration center, industrial development center, and innovative talent center, taking the lead in forming the 'Beijing Plan' for blockchain-enabled economic and social development," the initial announcement stated. 

According to a local media report, 140 government services already use blockchain applications, which include data sharing, collaborative business management, and electronic certifications. 

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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.