At the end of July, the government of China’s largest city Shanghai, outlined its blockchain plans that run to 2025. It’s a combination of deep technical research, government services and a wide range of applications that will impact an array of businesses.
Reading the plans, one suspects an element of competition happening here. China’s second largest city, Beijing, is home to the National Blockchain Technology Innovation Center and to the development of Chainmaker or Chang’an Chain, a massive enterprise blockchain project that claims to process 240 million transactions per second.
Back in Shanghai, the city also wants to spur technological research into cryptography such as homomorphic encryption, smart contracts and distributed identity, amongst numerous other topics.
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