Beijing is now China’s leading blockchain center.
The rankings were unveiled at the China International Fair for Trade in Services Summit in Beijing. The capital received a score of 99.82 while Shenzhen – a city with more than 5,000 blockchain firms – lagged behind with a score of 91.2.
Shanghai, China’s largest city, received a score of 88, putting it in third place.
Summit host Beijing Fair heaped praise on both Beijing and Shanghai for using their “advantages in research and development (R&D) activities, industrial development and public enthusiasm” to achieve a strong public awareness of blockchain.
In July, the municipal government of Beijing unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn the city into both a national and global hub for blockchain tech.
The Beijing Blockchain Innovation Development Action Plan 2020-2022 outlines the city’s plan to strengthen its status a global leader in both private blockchain innovation and public DLT deployment by the end of the next year.
Finance China highlighted the fact that Shenzhen has also been a pioneer in blockchain adoption among Chinese businesses and has helped put blockchain applications in the financial sector “on the right track.”