Shanghai comprehensively promotes blockchain technology research, application innovation, industrial development, etc.

On October 25, at a press conference in Shanghai, Xu Huili, Deputy Secretary-General of the Shanghai Municipal Government, emphasized the critical role that data plays as a new production factor in driving economic and social development. She noted that data is rapidly integrating into all areas of the economy and society, becoming a new engine of growth.

Speaking at the “Digital Communication Chain Valley: Connecting the Global Blockchain World” 2024 Industry Blockchain Conference, Xu highlighted Shanghai’s comprehensive efforts to advance blockchain technology, industrial development, application innovation, and ecological cultivation. She announced the unveiling of “Digital Communication Chain Valley” in the Jing’an District, stating that the city aims to develop this area into a national hub for blockchain innovation, application demonstration, and technical standardization.

Jing’an District has been a critical site for the national “Blockchain Application Demonstration Zone,” consistently accelerating the construction of its industrial ecosystem and expanding application scenarios. Yu Yong, Secretary of the Jing’an District Committee, noted that the district has taken a lead in nurturing the blockchain industry, which has resulted in a robust ecosystem with abundant resources. So far, Jing’an has cultivated a “blockchain industrial chain map” covering service, resource, technology, and application layers, boasting 137 blockchain enterprises with a combined registered capital exceeding 5.4 billion yuan.

“Digital Communication Chain Valley” serves as the core area for Jing’an’s blockchain industry, with numerous top blockchain companies in China collaborating closely and establishing significant business operations and investments within the park. Yu expressed hopes that the development of “Digital Communication Chain Valley” would attract global tech talent and distinguished entrepreneurs to invest and innovate in Jing’an, thereby fostering high-quality growth in the blockchain sector.

The Jing’an District is actively creating six comprehensive service platforms for “Digital Communication Chain Valley,” including policy-driven, technology-driven, scenario-driven, talent service, professional service, and certification service platforms. The policy-driven platform offers all-around support for enterprises, institutions, and talent across industrial clustering, capacity enhancements, application scenarios, and technology research and development. The technology-driven platform focuses on foundational blockchain services and cross-chain operating systems, engaging in research on “blockchain + privacy computing.” Additionally, the scenario-driven platform aims to establish a marketplace centered on blockchain-themed scenarios, providing a space for transactions and exchanges between supply and demand, promoting the realization of new application scenarios.

The conference, organized by the China Logistics and Purchasing Union, aims to promote the deep integration of blockchain with traditional industries, facilitating high-quality development in industrial blockchain. It also released significant reports, including the “2024 China Industry Blockchain Development Report” and the “China Digital Supply Chain Development Report (2024).” The day’s events also included a ceremony for the concentrated settlement of enterprises and institutions at “Digital Communication Chain Valley,” with four organizations and eight companies officially becoming part of the initiative.

During the same day, at the Digital City Experience Week series event titled “Empowering New Productive Forces with Data Elements,” Hu Angang, Director of the Institute of National Conditions Research at Tsinghua University, highlighted the increasing significance of data. He emphasized that China possesses vast data resources and diverse application scenarios that provide unique advantages for deepening the development and broad application of data elements. Hu called for increased policy innovation, improvements to the data governance framework, and the healthy development of the data element market. He also encouraged enterprises and research institutions to enhance their technological innovation and talent cultivation, progressively improving data processing and application capabilities to contribute more to the digital economy.

Ye Bin, Deputy Secretary of the Nanxiang Town Party Committee and Mayor, stated that Nanxiang is seizing the opportunities presented by the digital economy. With an open attitude and pragmatic actions, the town is strengthening infrastructure development, innovating data governance, and promoting deep integration within industries to build a digital economy system centered around data as a key element, striving to become a new hub for digital economic development.

Long Lingyun, Chairman and CEO of a company focused on full-stack data services for the data element industry, shared that through innovative integration, the company is driving intelligent transformation and upgrade, establishing a more complete ecological chain for data elements encompassing academia, industry, application, and infrastructure development.