Beijing named China’s top blockchain city. Beijing has been named in the Chinese Blockchain Innovation Rankings 2020 as China’s top blockchain city ahead of Shenzhen ‘s blockchain centre.
The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing had a score of 99.82 while Shenzhen — a city with more than 5,000 blockchain firms — lagged behind with a score of 91.2.
The nation’s second largest city Shanghai has a score of 88. One of the biggest business capitals in East Asia nowadays, the ranking puts it in third place.
The host of the summit, Beijing Fair, praised both Beijing and Shanghai as two vital municipalities that rely on their “advantages in research and development ( R&D) operations, industrial growth and public enthusiasm,” all of which allow them to bring about a strong public knowledge of blockchain.
The Beijing Blockchain Innovation Development Action Plan 2020–2022 outlines the city’s intent to solidify itself as a global leader in both private blockchain innovation and public DLT deployment by the end of the next year.
[image: Zhang Kaiyv]