Connected Car
The government of Shanghai on Tuesday published a set of guidelines to promote blockchain technologies, the digital yuan, and the metaverse in the city’s industries, including auto production, commodity trading and e-commerce platforms. The move by China’s biggest city is in line with the country’s stated goal to focus on adoption of blockchain cost-efficiencies in real world industries. The guidelines follow on from Shanghai releasing its three-year development plan for local manufacturing industries on June 15, which included blockchain technologies. Shanghai is one of the centers of China’s blockchain industry, establishing its first blockchain industrial complex as early as June 2020, and is home to AntChain, the blockchain branch of China’s financial technology giant Ant Group. See related article: Beijing to train 10,000 engineers in digital technologies, including blockchain, each year