China Launches Blockchain Pilot Zone

  • China has launched a blockchain pilot zone in South China’s Hainan province, according to local reports


  • The goal of the licensed blockchain zone is to promote innovation and blockchain technology


  • Called the Hainan Resort Software Community (RSC), the zone includes a blockchain research institute, jointly established by RSC and University College Oxford Blockchain Research Centre at Oxford University


  • A blockchain institutional innovation center will also be launched by RSC in partnership with Renmin University


  • Wang Jing, head of Hainan’s provincial department of industry and information technology commented, “The pilot zone will commit 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.”

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