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Shanghai Accelerates Construction of National Blockchain Network Hub: Over 90 Leading Enterprises Drive Over 100 Application Scenarios

Blockchain 2025-01-18 12:22:33 Source:

Shanghai Accelerates Construction of National Blockchain Network Hub: Over 90 Leading Enterprises Drive Over 100 Application ScenariosShanghai is vigorously promoting the construction of a national-level blockchain network hub. Recent data shows that Shanghai has identified over 90 leading blockchain enterprises and developed more than 100 blockchain application scenarios

Shanghai Accelerates Construction of National Blockchain Network Hub: Over 90 Leading Enterprises Drive Over 100 Application Scenarios

Shanghai is vigorously promoting the construction of a national-level blockchain network hub. Recent data shows that Shanghai has identified over 90 leading blockchain enterprises and developed more than 100 blockchain application scenarios. These applications focus on key areas such as supply chain, finance, green low-carbon initiatives, and shipping trade, and are being rolled out in a phased and orderly manner.

At the Shanghai State-owned Assets and State-owned Enterprises Digital Transformation Innovation Base Blockchain Application Scenario Conference held on January 17th, Qian Xiao, Deputy Inspector and Director of the Urban Digital Transformation Office of the Shanghai Municipal Bureau of Data, pointed out that blockchain technology is playing an increasingly important role in promoting data sharing, optimizing business processes, reducing operating costs, improving collaboration efficiency, and building a trustworthy system. Its scale effect is also becoming increasingly significant.

Li Xiaoshan, Vice President of Shanghai Data Group, introduced the rapid development of Shanghai's blockchain network construction at the conference: "From 8 operational chains on June 30, 2024, to nearly 100 chains under construction and operation by the end of the year." The conference also awarded 18 outstanding blockchain application scenarios from Shanghai's state-owned assets and state-owned enterprises digital transformation innovation base in 2024 with benchmark, innovation, and potential scenario titles.

Blockchain, as a cutting-edge technology, is a crucial component of Shanghai's state-owned enterprises' digital transformation. In May 2024, eight enterprises including Shanghai Data Group, Shanghai Trading Group, China Pacific Insurance, Shanghai Pudong Development Bank, Guotai Junan Securities, Shanghai Construction Group, Bright Food Group, and Tunnel Engineering took the lead in launching the construction of blockchain application scenarios for Shanghai's state-owned assets and state-owned enterprises.

Shanghai Data Group established a dedicated blockchain + privacy computing scenario construction team. Its subsidiary, the Yangtze River Delta Digital Chain (Shanghai) Network Infrastructure Co., Ltd., is responsible for building Shanghai's city-level blockchain infrastructure platform, providing "blockchain + privacy computing" basic services to the Yangtze River Delta region. Another subsidiary, Shanghai Pujiang Digital Chain Digital Technology Co., Ltd., focuses on the development of blockchain application scenarios, aiming to create a "Shanghai model" for blockchain industrial innovation applications by collaborating with scenario design, consulting planning, and project development companies, collectively building the national blockchain network Shanghai hub.

The "Shanghai State-owned Assets and State-owned Enterprises Innovation Base 2024 Blockchain Innovation Application White Paper," released on January 17th, shows that Shanghai's state-owned enterprises have already opened applications in strategic areas such as port and shipping, cross-border trade, and large language models. Numerous blockchain applications with exemplary and leading roles have been widely implemented in important fields such as culture, tourism, healthcare, green low-carbon initiatives, automobile manufacturing, transportation and logistics, and banking and finance.

Previously, the preparation and subsequent management of export tax refund materials were quite complex, requiring specialized personnel. Small and medium-sized enterprises often experienced delays due to unfamiliarity with tax refund procedures and policies. The lack of trust among export enterprises also led to problems such as product counterfeiting and repeated imports and exports, posing significant challenges to government supervision. This typically involved cross-departmental audits, complex processes, and high time costs.

To address these issues, Donghua Lansen International Trade Group and Pujiang Digital Chain jointly developed the "Zhimao Chain Tong" industry export tax refund chain. This platform standardizes and uploads 21 sets of business data covering six stages of a tax refund orderraw material procurement, production, trade, domestic logistics, international export declaration, and tax refundachieving full-chain traceability and on-chain record-keeping, effectively ensuring the authenticity and immutability of the order process. Reliable data storage significantly simplifies the tax authorities' verification process of order authenticity; tax personnel can quickly access all supporting documents for a target order across the entire supply chain with one click. Furthermore, the system is connected to the tax authorities' electronic tax bureau business system, enabling one-stop service for export tax refund data storage and business submission, greatly facilitating both exporters and tax authorities.

In terms of bank data authorization, the Shanghai branch of Industrial and Commercial Bank of China (ICBC) and Pujiang Digital Chain jointly launched the "Yi Shu Qian" platform. This platform utilizes blockchain and other new technologies to solve the pain points of verification, signing, retrieval, and supervision in bank data authorization, creating a new data authorization model.

Shanghai Construction Group E-commerce Co., Ltd. developed the "Yingzao Shang" travel chain business platform. This platform integrates business travel product booking, settlement, and invoice collection services tailored to the company's internal control requirements, effectively solving management pain points such as the control of job performance and comprehensive budget control, and improving management efficiency.

Shanghai Nonferrous Metals Exchange Center, relying on the "Youse Anxin Chain," utilizes blockchain characteristics to achieve warehouse receipt data storage, ensuring data authenticity and preventing counterfeit warehouse receipts. By integrating data verification mechanisms, it prevents improper business operations, creates a trustworthy trading environment, enhances industry trust, and reduces financial risks. Leveraging blockchain data sharing capabilities, this platform connects warehouse and bank business nodes to create a fully online blockchain financing model.

These successful cases fully demonstrate the enormous potential of blockchain technology in the digital transformation of Shanghai's state-owned assets and enterprises and mark a significant step in Shanghai's construction of a national-level blockchain network hub. Shanghai is actively exploring the use of blockchain technology to empower various industries, promote the city's digital transformation and upgrading, and contribute to building a safer, more efficient, and transparent socio-economic environment. In the future, with the continuous maturation of technology and the expansion of application scenarios, blockchain technology will play an even more important role in Shanghai's economic development and social governance. Shanghai will continue to increase investment and support for blockchain technology, promoting its application in more fields and further consolidating Shanghai's leading position in the national blockchain industry development. By building a complete blockchain ecosystem, Shanghai will attract more enterprises to participate in blockchain technology innovation and application, jointly promoting the construction of the national-level blockchain network Shanghai hub and contributing Shanghai's strength to China's digital economy development. Shanghai's efforts will not only promote its own economic digital transformation but also provide references and experience for other cities, driving the booming development of the national blockchain industry. In future development, Shanghai will continue to focus on and address the challenges encountered in the application of blockchain technology, continuously optimizing and improving technical solutions to ensure the security, stability, and sustainable development of blockchain technology, and contribute greater strength to China's digital economy development. Shanghai is committed to creating an open and win-win blockchain ecosystem, bringing together outstanding enterprises and talents from home and abroad to jointly promote blockchain technology innovation and application, and contribute to the construction of a digital China. Shanghai will embrace blockchain technology with a more open attitude, actively explore its applications in more fields, and inject new impetus into the development of the digital economy. Shanghai will continue to deepen cooperation with domestic and foreign partners to jointly promote the research and development and application of blockchain technology, contributing wisdom and strength to building a new pattern of the digital economy. The construction of Shanghai's national-level blockchain network hub is not only a goal for Shanghai but also a significant contribution to China's digital economy development. Shanghai will continue its efforts to contribute to the construction of a digital China.

Tag: Over Shanghai Accelerates Construction of National Blockchain Network Hub


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