Beijing was ranked the best blockchain city in China in the 2020 ranking of Chinese blockchain innovations, ahead of the Shenzhen Blockchain Center.

The classification was revealed at a special session of the China Services International Trade Fair. According to Finance China, Beijing scored 99.82 while Shenzhen – the city with more than 5,000 blockchain companies – slipped 91.2.

The country’s second largest city, Shanghai, scored 88 points. Today, one of the largest commercial capitals in East Asia ranks third.

At the Beijing Expo, which hosted the summit, Beijing and Shanghai were named as important municipalities that rely on “strengths of research and development (R&D), industrial development and general enthusiasm” to create a strong society. Blockchain awareness.

In July, the Beijing municipal government unveiled a 20-point plan to accelerate the development and deployment of Distributed Ledger Technology (DLT) and transform Beijing into a global and national hub for blockchain technology.

The Beijing Blockchain Innovation Action Plan 2020-2022 outlines the city’s intention by the end of next year to consolidate its position as a world leader in both private blockchain innovation and public DLT deployment.

The financing from China highlighted the fact that Shenzhen was also a pioneer in adopting blockchain among companies in the country and helped “create” blockchain applications in the financial sector.

Source: CoinTelegraph