China chooses pilot areas and application fields for blockchain projects

China has selected 15 pilot zones and identified several areas of application to "carry out the innovative application of blockchain" technology according to a joint government statement on Sunday . The pilot zones include areas in China's major cities of Beijing and Shanghai including the ministry of education Beijing Gas Group and Industrial and Commercial Bank of China were selected to carry out blockchain pilot projects. The entities will conduct the projects in fields such as manufacturing China president Xi Jinping said the country should accelerate the development of blockchain technology as the core for innovation. Although China is promoting blockchain technology and cross border finance. "Each area's cyberspace administration and relevant industry regulator should... Give full play to the role of blockchain in promoting data sharing