Shanghai plans 100% blockchain adoption by 2030 in digital economy bid

On Wednesday, the municipal government of Shanghai unveiled a new five-year strategy for 'digital Shanghai,' aiming for complete blockchain integration in key sectors by 2030. This initiative seeks to establish Shanghai as a competitor to technology centers like Beijing and Shenzhen and emphasizes the development of AI infrastructure alongside enhanced computing capabilities. Of the 11 specific objectives outlined, the mandatory goal of increasing blockchain adoption stands out, with the technology already representing 60% of the city’s economy by 2025. According to Peng Peng, executive chairman of the Guangdong Society of Reform, this plan underscores the essential role of blockchain in realizing the digital Shanghai vision while also focusing on future communication infrastructure and computing power enhancements.