16 Chinese government entities unveiled a list of national blockchain pilot zones on Sunday, with the goal of “furthering the innovative application of blockchain” technology. The People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission are among the 16 government agencies.
There are 15 pilot zones on the list, including locations in Beijing and Shanghai, as well as Guangzhou and Chengdu in the provinces of Guangdong and Sichuan, respectively. It also lists 164 entities that have been chosen for blockchain pilot projects, including hospitals, universities, and businesses. SAIC-GM-Wuling Automobile Co., China National Offshore Oil Corp., Beijing Gas Group Co., and Industrial and Commercial Bank of China Ltd. are among the companies picked.
The announcement specifies that projects will be carried out in a variety of industries, including industry, energy, government and tax services, law, education, health, trade and finance, and cross-border finance.
“They need to focus on collaborative advancement,” the authorities said. Supervisory bodies “in all regions should focus on promoting the pilot construction work together, and fully exploit the role of blockchain in promoting data sharing, optimising business processes, reducing operating costs, improving collaboration efficiency, and building a credible system,” they added.
It’s a wrap for this story.
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