Shanghai, a bustling metropolis in China, is setting its sights on becoming a global leader in blockchain technology. The city has unveiled a bold plan to achieve significant breakthroughs in various blockchain-related areas by the year 2025. Shanghai blockchain goals are a part of a broader effort to embrace the potential of blockchain and its impact on various industries in China.
China Unveils Ambitious 2023-2025 Blockchain Action Plan for Technological Advancement
In an official announcement from the Shanghai Municipal Government, a “Special Action Plan for Key Blockchain Technology Research in Shanghai (2023-2025)” has been released. This plan outlines the city’s commitment to advancing blockchain technology in an organized and systematic manner.
The plan outlines several key goals and objectives. Shanghai aims to achieve innovative breakthroughs in crucial technical areas such as blockchain system security, cryptographic algorithms, blockchain processors, and smart contracts. Moreover, cross-chain technology, new storage solutions, and privacy computing are also included in this list of aims.
Shanghai is planning to develop advanced open permission blockchain systems and standards. These systems will support Web3.0 and innovative applications. The city aims to do this while ensuring manageability, control, and openness.
Shanghai Blockchain Goals 2025: Innovations in System, Resources, and Trust
The plan focuses on three main areas: new system architecture, resource scheduling and control, and trust enhancement.
In terms of new system architecture, the plan aims to develop secure computing chips and acceleration chips, high-robust transmission technology for wide area networks, and incentive-compatible economic models. This will support blockchain ecological resources allocation and design a new blockchain system architecture that is safe, efficient, scalable, and regulatory-friendly.
Resource scheduling and control involve modular design, low-code development, and security supervision. This includes on-chain behavior analysis and content control to enhance blockchain risk monitoring and behavioral supervision.
Trust enhancement focuses on privacy computing technology, multi-party secure computing, and trusted execution environments. These technologies aim to improve privacy protection and data circulation.
The plan includes several key tasks. These involve achieving breakthroughs in basic software and hardware technologies. Additionally, there’s a focus on innovation in system architecture technology. The plan also emphasizes conducting blockchain application demonstrations. Lastly, it aims to foster the creation of a robust blockchain innovation ecosystem.
Shanghai’s ambitious blockchain plan underscores the city’s determination to be at the forefront of technological innovation. By 2025, the city aims to have a thriving blockchain ecosystem that will contribute to its global influence.