July 1, 2020 Beijing establishes a blockchain innovation strategy.

Beijing’s municipal government unveiled a new blockchain innovation strategy on June 18. Termed the ‘Beijing Blockchain Innovation Development Action Plan (2020-2022)’ the strategy seeks to make China’s capital city a center of blockchain innovation while integrating blockchain technology into the municipality’s economy. To assist the endeavor, the local government will invest in projects, support research efforts, and promote the deployment of promising applications.