China Announced Special “Pilot Zone” for Blockchain Development

China’s state media agency Xinhua announced this week the country’s first officially licensed “blockchain pilot zone” which will be situated in the southern province of Hainan.

The chief of Hainan’s provincial department of industry and information technology, Wang Jing, the special zone is expected to attract talent to China.

With a base at the Hainan Resort Software Community, the institute was also a product of a collaboration with the University College Oxford Blockchain Research Centre at Oxford University. Beijing’s Remin University will also be involved with the RSC’s innovation center which will cater to institutions.

Source: Coin Telegraph

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