March 3, 2020 Conflux, a permissionless Chinese blockchain, cements its collaboration with the Shanghai government.

The Shanghai government as of December 2019 has been supporting Conflux, a public blockchain platform, with research funding and offices. The explicit support of an open blockchain network is a rarity within China, standing in contrast to actions against ICOs and exchanges. Conflux’s founder, Fan Long, has stated that the rejection of an ICO or public token offering, combined with its preexisting support from Chinese institutional investors and the academic prestige of its team influenced the city’s decision making. Conflux is expected to launch its mainnet in Q2 2020 and benefit from an incubation center, provided by the government later this year.