The administration of the city of Beijing has unveiled a strategy for the advancement and integration of the local blockchain over the next 24 months. The plan, announced on April 29, has been a collaborative effort involving various government bodies. It aims to start this year and last until 2027. The Action Plan for the Innovation and Development of Blockchain Application in Beijing recognizes blockchain as a crucial technology for industrial digitization and an essential digital infrastructure. The objectives include maximizing the value of digital assets through blockchain, potentially involving cryptocurrency mining. The initiative focuses on the development of blockchain software to achieve innovations in cryptography, confidential computing, and distributed systems. It also includes the creation of a blockchain infrastructure, such as national hub nodes and platforms for reliable digital identities and distributed data directories. The target sectors for blockchain application include healthcare, education, artificial intelligence, financial services, and transportation to enhance efficiency and trust. The project plans to implement dedicated blockchain chips, privacy features, cross-chain interoperability, and distributed networking by 2027#ai #tao .
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