A new hub dedicated to pioneering blockchain development in Shanghai was unveiled in Jing’an District during the 2024 Industrial Blockchain Conference.
Blockchain Valley is located within Shibei High-Technology Park, which has been designated by the Chinese government as a pilot area for implementing cutting-edge blockchain applications.
It is a vast complex consisting of eight buildings with a total area of 120,000 square meters and office space of 66,000 square meters.
A ceremony during the conference welcomed the arrival of four institutions, including the Shanghai Data Service Providers Association and the Shanghai Blockchain Technology Association, and eight companies, including SimMed and Tc Technology.
Jing’an is committed to building six comprehensive service platforms within Blockchain Valley to meet the needs of resident enterprises. These platforms provide comprehensive support in key areas such as industrial clustering and upgrading, scenario application and technology research and development, industry branding and influence, talent support and service assurance.
To further encourage enterprises to locate in Blockchain Valley, Jing’an City has rolled out a series of preferential policies. Companies residing in the hub can receive support of up to 10 million yuan (US$1.4 million), and companies involved in creating blockchain application scenarios can receive up to 10 million yuan. Additionally, important blockchain projects led by top experts may be provided with funding of up to 100 million yuan.
Currently, there are 137 blockchain companies in Jing’an District, and with the development of Blockchain Valley, it is poised to become a major blockchain hub in the world.
