Shanghai Unveils Blockchain Development Plan
Shanghai has released an action plan to advance blockchain technology in the city through 2025. The plan aims for breakthroughs in blockchain system security, cryptographic algorithms, smart contracts, and more.
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The focus areas include government affairs, cross-border trade, supply chain, finance, and the metaverse.
The city also plans to improve the efficiency of zero-knowledge proof algorithms by 2 times compared to similar international protocols like Plonk by 2025.
The government will encourage hiring blockchain professionals and nurturing young talents in the field.
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