Tuesday, 25 June 2024
Trending
BlockchainCrypto

By 2025, a Chinese city aims to implement blockchain technology

On July 31, the Chinese city of Shanghai released an implementation plan to support the growth of its municipal blockchain digital infrastructure system between 2023 and 2025.

In addition to advancing the use of blockchain in the economy, public sector, and urban government, the plan, according to the statement, was developed to support the “strategic goal” of Shanghai’s urban digital transformation.

Blockchain technology

By integrating blockchain core technology and constructing standardized systems, China is promoting an industrial ecology with tremendous innovation momentum.

The Yangtze River Delta region’s municipal affairs, public services, and applications in various industries will be supported by the urban blockchain digital infrastructure system.

  • Shanghai unveils plan for municipal blockchain infrastructure growth.
  • China promotes industrial ecology with blockchain integration and innovation momentum.
  • China’s Metaverse Technology Platform and Zhengzhou plan for city adoption.

The system will also organize the resources of the blockchain network and establish a global hub for blockchain trading.

With the introduction of the China Metaverse Technology and Application Innovation Platform in Nanjing in May and the announcement of plans to help metaverse businesses in the area in Zhengzhou, China is preparing its cities to absorb future technology.

The creation and spread of the digital yuan, the money issued by China’s central bank, throughout numerous cities is also progressing. By allowing payments on all bus lines, Jinan has promoted the use of the digital yuan.

Related posts
CryptoTrending

AI Deepfake of Elon Musk Promotes Crypto Scam: YouTube's Latest Fraud Challenge

AI-generated deepfake of Elon Musk streamed on YouTube, promoting fake crypto giveaways. Scammers…
Read more
CryptoCrypto Stories

Avoiding Common Mistakes in Cryptocurrency Investing

Research thoroughly beyond Bitcoin. Verify information rigorously. Focus on long-term goals…
Read more
CryptoCrypto Regulations

SEC Leveraging Ripple Case in Binance Lawsuit: Implications for Crypto Regulation

SEC uses Ripple lawsuit rulings as precedent in ongoing Binance legal battle. Ripple case…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

CryptoCrypto Regulations

The SEC puts corporate capitalism ahead of investors

Worth reading...