Hainan Province and Oxford University open ‘blockchain zone’

Oct 10, 2018 by

China’s first official ‘blockchain pilot zone’ will set out to attract global talent while also exploring the new technology’s commercial application

By Luke Thompson –

South China’s Hainan province has become the host of the country’s first official blockchain pilot zone.

The project, based at the Hainan Resort Software Community (RSC), includes a blockchain research institute, according to Xinhua. The zone has been jointly established by the RSC and England’s University College Oxford Blockchain Research Centre. In another collaboration, with Beijing’s Renmin University, RSC will also launch its own blockchain innovation center.

Manager of Hainan’s Provincial Department of Industry and Information Technology, Wang Jing, said at the zone’s launch that it is committed to “attracting blockchain talent around the world and exploring the application of blockchain in areas such as cross-border trade, inclusive finance and credit rating,” before adding that the zone will deepen ties with top research and development institutes across the globe. The anticipation is that international talent will flock to China to work in the fledgling industry and bring the country to the forefront of blockchain innovation.

Source: Hainan Province and Oxford University open ‘blockchain zone’ | Asia Times

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