Shanghai 3.0. Visit China seems determined to make the most of blockchain while preventing its population from using Bitcoin or any other decentralized cryptocurrency to bypass its central MNBC currently in deployment. Visit digital yuan was one of the first digital currencies to reach this advanced stage of development, and China intends to continue at the same pace. After Hong Kong and its ultra crypto-friendly policy, is now Shanghai which announced « boost the city’s key sectors using blockchain, the metaverse and its digital yuan. ». China accelerates in Web3 in the country’s biggest cities and clearly wants to involve its population, direction to one of the world’s biggest cities to illustrate the phenomenon.
28 million people to switch to Web3 in one of the world’s largest cities
Shanghaiis excess. It is 28 million people officially counted in the municipality, but if counted in terms of human agglomeration, it is probably one of the most populous cities in the world with nearly 80 million inhabitants! More than the France. In this autonomous municipality, which is also one of the largest ports in the world, local officials have just unveiled a plan entitled Guidelines for the high-quality development of internet service platforms related to manufacturing industrial.
In concrete terms, the document sets out a roadmap for the development of the following sectors economic sectors the city. But technically, the most important thing was to improve the management of operations on a municipal scale by creating a set ofblockchain-based applicationsall with respect for the environment.
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The sector automotive could, for example, improve the monitoring of the manufacturing chain or optimize its supply thanks to the operational capabilities of this new digital technology. But the paper also points out that the deployment of a carbon credits would be in the pipeline. The industrial sector is largely concerned by this plan, which also relies on the metaverse to develop design and simulation.
Finally, and this is also very interesting from a political point of view, the Shanghai Plan also wants to increase the pool of local talent to participate in future development(s). City officials specified in the document that they wanted to set up dedicated courses in the high schools and the universities to detect and train tomorrow’s talent. The idea is to encourage local initiative and let the companies of Shanghai develop as many new services as possible around blockchain, always with the digital yuan as the benchmark financial tool.
The Chinese authorities estimate that 7 billion immediate gains simply from potential metaverse tourism, and these financial gains are not just virtual for the world’s future leading economic power! China seems determined to make the most of the blockchain to its own interest and its major cities are open-air laboratories for the Middle Kingdom of tomorrow.
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