Beijing has announced a two-year plan to enhance blockchain development and adoption across key industries. The initiative is a collaboration between several local governmental and technological bodies and aims to implement its strategies by 2027. The plan recognizes blockchain as a foundational technology critical for industrial digitalization and aims to improve the value extraction from digital assets. Key components include advancements in cryptography, confidential computing, and creating national blockchain hubs. Targeted sectors for application are healthcare, education, AI, financial services, and transportation, with goals to optimize processes and ensure trustworthy data sharing. By 2027, the initiative plans to develop dedicated blockchain chips, privacy protections, and systems for cross-chain interoperability. The project expects to produce at least 20 blockchain use cases to foster wider adoption, further positioning Beijing as a digital economy innovator.

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