Shanghai's Xuhui District has commenced accepting applications for blockchain projects slated for the second quarter of 2024. The program aims to foster the creation of blockchain standards and significant business advancements, particularly within 'Blockchain+' applications.
Support for Standards Development
A unique funding opportunity will be available for the research and development expenses related to formulating international, national, or industry-specific blockchain standards.
Benefits for Key Blockchain Enterprises
Companies involved in these initiatives will receive financial backing of up to 1 million yuan. Additionally, the district plans to allocate one-time incentives of up to 5 million yuan to key blockchain firms or exemplary organizations within targeted sectors.
Application Period
The application window opens from November 8 to 12, 2024. Businesses are currently able to submit both printed and electronic forms of their documents to the Xuhui District Data Bureau. More information is available on the official district website.
This initiative marks a crucial step in positioning Shanghai as an important player in the global blockchain landscape, attracting diverse enterprises and fostering innovation within the sector.
