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News Report Shanghai is determined to make remarkable progress in the realm of blockchain technology by the year 2025.
The local government has released a significant document regarding this initiative, entitled 'Shanghai Special Action Plan for Research on Key Blockchain Technologies (2023-2025)', which details a strategic framework aimed at advancing blockchain, with an emphasis on areas such as blockchain processors, smart contracts, cross-chain integration, and other related fields.
Innovative Developments in Shanghai
The city aspires to develop a new wave of open permissioned blockchain systems and standards, as part of its broader vision to become a globally recognized hub for science and technology innovation.
By pushing the boundaries of blockchain technology, Shanghai intends to transform the social credit framework and position itself as a player in the upcoming technological shifts and industrial transformations. The strategy also encompasses the establishment of supernodes to provide vital technical assistance in sectors such as item circulation and data management.
Shanghai is also gearing up to capitalize on the evolution of digital trust infrastructures and the concepts of Web3.0. The city is dedicated to fortifying the security of blockchain systems, enhancing cryptographic algorithms, and other technological domains to build a comprehensive support system for Web3.0.
This initiative aligns seamlessly with Shanghai’s goal of establishing a robust technological foundation that will underpin the digital economy and foster the development of a pioneering blockchain innovation ecosystem with global reach.
The operational plan predominantly focuses on three key domains: designing new system architectures, effective resource management, and building trust. The city aims to catalyze research initiatives to enhance system performance. Technology These efforts will also refine the development and operational landscape while bolstering service support capabilities.
Plans are underway to further theoretical research concerning blockchain system security. The city is targeting advancements in secure chip technology that is both specialized and globally relevant.
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Additionally, there will be a concentrated effort to advance confidential computing technologies within blockchain. Shanghai’s objective is to devise new protocols that would overcome the current inefficiencies in communication linked to confidential computing, streamline operations, and output quantum-resistant and verifiable security.
The municipal authorities urge all relevant sectors to actively engage in the fulfillment of this action plan. Numerous research institutions, industry reference organizations, top-tier research universities, and local research institutes are gearing up to collaborate closely. This synergy is intended to enhance joint research across industry, academia, and research to elevate Shanghai’s blockchain technology to unprecedented levels.
In summary, the focus Shanghai is placing on advancing blockchain technology marks a significant strategic initiative.
The city has laid out a comprehensive action plan designed to establish a strong foundation for landmark advancements in blockchain technology, serving as a model for other cities and countries to follow.
Alisa Davidson
May 1, 2025 Education Please understand that the information presented here should not be construed as legal, tax, investment, or financial advice. It is crucial to invest only what you can afford to lose and to seek independent financial guidance if you have any uncertainties. For additional details, we recommend reviewing the terms and conditions as well as the help and support sections provided by the issuing party. MetaversePost is dedicated to delivering accurate and unbiased coverage; however, market conditions might change without prior notification.
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Nik is a seasoned analyst and columnist at Metaverse Post, known for providing insightful commentary on the ever-evolving technology landscape, with a focus on AI/ML, XR, VR, on-chain analytics, and blockchain development. His engaging articles resonate with a wide audience, keeping them at the forefront of technological advancements. With a Master’s in Economics and Management, Nik possesses an adept understanding of the intricacies of the business realm as they intertwine with emerging technologies.
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