The Beijing Municipal Government announced a Blockchain development plan to integrate infrastructure.

Source: Cointelegraph Original: "The Beijing Municipal Government Announces Blockchain Development Plan, Integrating Infrastructure"

The Beijing Municipal Government has announced a two-year local blockchain development and implementation plan.

According to the announcement on April 29, the plan was jointly developed by the Beijing Municipal Science and Technology Commission, the Zhongguancun Management Committee, the Cyberspace Administration, the Government Services and Data Bureau, the Economic and Information Technology Bureau, and the Commerce Bureau. Implementation is expected to start this year and continue until 2027.

The "Beijing Blockchain Innovation Application Development Action Plan" regards blockchain as the "core technological architecture and important infrastructure for digitalization."

It is worth noting that the objectives also include "promoting the release of digital factor value through blockchain technology". The announcement also claims that the city has made significant investments in this research area.

The plan involves the development of blockchain software aimed at achieving breakthroughs in cryptography, confidential computing, and distributed systems. The project also includes the construction of blockchain infrastructure, including national blockchain center nodes and platforms for trusted digital identity and distributed data directories.

Industries targeted for blockchain applications include healthcare, education, large artificial intelligence models, financial services, and transportation. The goal is to enhance efficiency and trust:

The announcement mentioned the principle of building "one chain, one network, one platform." By 2027, the project aims to achieve dedicated blockchain chips, privacy protection features, cross-chain interoperability, and a distributed network.

The project aims to achieve PB-level trusted node storage, large-scale blockchain interoperability, and an interoperable trusted identity system for hundreds of millions of users. The announcement promises to develop at least 20 blockchain application cases.

This announcement was made after the release of the white paper in Beijing in May 2023 to promote innovation and drive the Web3 industry. The "Beijing Internet 3.0 Innovation Development White Paper (2023)" regards Web3 technology as an "inevitable trend in the future development of the internet industry."

The committee responsible for this white paper hopes to establish Beijing as an innovation center for the digital economy and plans to allocate at least 100 million yuan (approximately 14 million USD) annually until this year.

Related articles: The global central bank gold buying spree may trigger Bitcoin (BTC) prices to hit a historical high.