The Beijing city administration has unveiled a strategy for local blockchain advancement and integration in the next 24 months. The plan, announced on April 29, was a collaborative effort involving various government bodies. It aims to kick off this year and run until 2027. The Beijing Blockchain Innovation and Application Development Action Plan recognizes blockchain as a crucial technology for industrial digitalization and essential digital infrastructure. The objectives include maximizing the value of digital assets through blockchain, potentially involving crypto mining. The initiative focuses on developing blockchain software for breakthroughs in cryptography, confidential computing, and distributed systems. It also includes creating blockchain infrastructure, such as national hub nodes and platforms for trusted digital identity and distributed data directories. Target industries for blockchain application encompass healthcare, education, AI, financial services, and transportation to boost efficiency and trust. The project envisions implementing dedicated blockchain chips, privacy features, crosschain interoperability, and distributed networking by 2027. Read more AI-generated news on: https://app.chaingpt.org/news

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