BEIJING PLANS TO FOSTER DLT UNICORNS THROUGH NEW BLOCKCHAIN INVESTMENT PLAN

Imagine a future where blockchain technology isn't just a buzzword, but the very backbone of a city's infrastructure. BEIJING, July 5 (Xinhua) - Beijing has unveiled an action plan to boost blockchain deployment, integrating the transaction data technology into the city's operations. Under the Beijing Blockchain Innovation Development Action Plan , it is expected the city will initially become an influential new highland for blockchain innovationThat's the ambitious vision Beijing is chasing with its newly unveiled Action Plan for Innovation and Application Development of Blockchain (2025-2025).This isn't just another policy document; it's a bold declaration of intent to transform Beijing into a global powerhouse for blockchain innovation and a benchmark for real-world application development. Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment PlanThe plan focuses on distributed ledger technologies (DLT) and aims to cultivate a fertile ground for blockchain unicorns – startups valued at over $1 billion – to flourish.The initiative includes a significant capital injection, with Beijing authorities pledging a substantial 100 million yuan (approximately $14 million) annually. To achieve the targets, Beijing authorities are pledging a capital injection of 100 million yuan ($14 million) per year. The fund will turbo-charge Beijing to become the blockchain capital of mainland China, powering 10 breakthrough Web3 achievements in the next 24 months.This financial commitment is designed to turbo-charge the city's ascent to becoming the blockchain capital of mainland China, with the overarching goal of achieving ten breakthrough Web3 advancements within the next 24 months.But what does this plan really entail, and what are the implications for the future of blockchain technology, both within China and globally? The legislature will offer to continue with currency-related help for the arrangement all through its course. Urged to host DLT Unicorns The Beijing Blockchain Innovation Development Action Plan 2025 2025 layouts the city s expectation to set itself as a worldwide pioneer in both private blockchain advancement and open DLT organizationLet's delve into the details of Beijing's ambitious blockchain strategy.

Beijing's Blockchain Vision: Becoming a Global DLT Hub

The core ambition of the Beijing Blockchain Innovation Development Action Plan 2025-2025 is to firmly establish the city as a global leader in both private blockchain innovation and public DLT deployment by the end of next year.This involves not only attracting investment and talent but also creating a supportive ecosystem that fosters innovation and practical application of blockchain technologies across various sectors.

Key Elements of the Action Plan

• Infrastructure Development: The plan emphasizes building a comprehensive, efficient, environment-friendly, and reliable blockchain infrastructure system.
• Financial Commitment: An annual investment of 100 million yuan (approximately $14 million) dedicated to blockchain research and development.
• Focus on Web3: Aims to achieve 10 breakthrough Web3 advancements within the next two years.
• Data-Driven Approach: Positioning data as a new driving force for Beijing's growth, focusing on gathering, activating, and capitalizing on vast data resources.
• Strategic Integration: Integrating blockchain into the city's infrastructure and major economic sectors.

This strategic approach reflects a broader trend in China, where blockchain technology is being actively embraced at a state level, even as cryptocurrency trading remains restricted. Beijing plans to build a comprehensive, efficient, environment-friendly, and reliable infrastructure system in the 14th Five-Year Plan period ( ), according to a development plan the city issued last Thursday.This pivot towards digital industrialization signifies a recognition of blockchain's potential beyond just financial applications.

Unlocking Potential: The 20-Point Plan for DLT Advancement

The comprehensive 20-point plan outlines specific initiatives designed to accelerate the development and deployment of distributed ledger technologies (DLT) within Beijing.These points aim to address key challenges and opportunities in the blockchain space, creating a conducive environment for innovation and growth.

Core Objectives of the 20-Point Plan

1. Establish a robust digital blockchain infrastructure: Focusing on security, scalability, and cross-network interoperability.
2. Create national blockchain nodes: Developing DLT platforms for distributed data storage.
3. Advance specialized Web3 chips: Focusing on privacy protection functions.
4. Promote data service industry: Exploring effective models for capitalization and marketization of data.
5. Integrate blockchain into key sectors: Seamlessly weaving blockchain into essential segments of Beijing's economy and public services.

These objectives are designed to create a self-sustaining ecosystem where blockchain technology can thrive, contributing to economic growth and improved public services.The emphasis on data capitalization and marketization is particularly noteworthy, as it suggests a desire to unlock the economic potential of data through blockchain's inherent security and transparency features.

Fostering DLT Unicorns: Cultivating a Thriving Ecosystem

Beijing's plan is not solely focused on infrastructure and technology development; it also includes a strong emphasis on fostering the growth of blockchain companies, particularly those with the potential to become unicorns.This requires creating a supportive ecosystem that provides access to funding, talent, and mentorship.

Strategies for Nurturing DLT Unicorns

• Direct Investment: The annual 100 million yuan investment serves as a direct source of funding for blockchain R&D.
• Attracting Talent: Creating an environment that attracts and retains top blockchain developers, researchers, and entrepreneurs.
• Regulatory Support: Providing a clear and supportive regulatory framework that encourages innovation while ensuring responsible development.
• Collaboration and Partnerships: Facilitating collaboration between blockchain companies, research institutions, and government agencies.
• Incubation and Acceleration Programs: Offering programs that provide mentorship, resources, and networking opportunities for early-stage blockchain startups.

By focusing on these strategies, Beijing aims to create a vibrant and competitive blockchain ecosystem that attracts investment and produces world-class companies. After embedding blockchain in its digitization plan, China s capital city of Beijing is keen on increasing the size of its Web3 investment with a new action plan. According to a local report, Beijing is eyeing a two-year plan to trigger an increased adoption rate and infrastructure for the emerging technology.The success of this initiative will depend on the city's ability to create a welcoming environment for innovation and to effectively address the challenges associated with the rapid development of blockchain technology.

Web3 Advancements: Targeting Breakthrough Innovations

The ambitious goal of achieving ten breakthrough Web3 advancements within two years underscores Beijing's commitment to pushing the boundaries of blockchain technology. China s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. On July 1, the municipalWeb3, the next generation of the internet, envisions a decentralized and user-centric web powered by blockchain. Beijing authorities unveiled the Action Plan for Innovation and Development of Blockchain Applications in Beijing (2025 2025), an ambitious strategy to integrate blockchain into the city s infrastructure and major economic sectors.These advancements will likely span various areas, including decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps).

Potential Areas for Web3 Breakthroughs

• Decentralized Finance (DeFi): Developing innovative DeFi platforms that offer transparent and accessible financial services.
• Non-Fungible Tokens (NFTs): Exploring new use cases for NFTs beyond digital art, such as supply chain management and identity verification.
• Decentralized Applications (dApps): Building dApps that address real-world problems in areas such as healthcare, education, and governance.
• Metaverse Technologies: Developing blockchain-based metaverse platforms that offer immersive and engaging user experiences.
• Data Privacy Solutions: Creating innovative solutions for protecting user data privacy in the Web3 environment.

Achieving these breakthroughs will require a combination of technological innovation, regulatory clarity, and user adoption. Beijing wants to host DLT unicorns. The Beijing Blockchain Innovation Development Action Plan 2025 2025 outlines the city s intent to solidify itself as a global leader in both private blockchain innovation and public DLT deployment by the end of the next year.Beijing's plan provides a framework for fostering these developments, but the ultimate success will depend on the creativity and ingenuity of the blockchain community.

Addressing Key Questions About Beijing's Blockchain Plan

Many questions arise when considering such an ambitious plan. China s Beijing unveils 2-year DLT development action planHere are some key questions and potential answers:

What is the primary focus of Beijing's blockchain plan?

The primary focus is to transform Beijing into a global hub for blockchain innovation and a leader in public DLT deployment, fostering the growth of blockchain unicorns and achieving breakthrough advancements in Web3 technologies.

How much is Beijing investing in blockchain development?

Beijing is committing at least 100 million yuan (approximately $14 million) annually to blockchain research and development through 2025.

What are the key goals of the Action Plan for Innovation and Application Development of Blockchain (2025-2025)?

The key goals include establishing a robust digital blockchain infrastructure, creating national blockchain nodes, advancing specialized Web3 chips, promoting the data service industry, and integrating blockchain into key sectors of Beijing's economy.

How does this plan align with China's overall stance on blockchain and cryptocurrency?

While cryptocurrency trading remains restricted in China, blockchain technology is actively being embraced at a state level, reflecting a pivot towards digital industrialization.This plan aligns with that broader strategy, focusing on the development and application of blockchain technology for various sectors beyond finance.

What are the potential challenges to the success of this plan?

Potential challenges include regulatory uncertainties, attracting and retaining top talent, ensuring data security and privacy, and fostering collaboration between various stakeholders.

The Broader Implications: A Global Perspective

Beijing's blockchain plan has significant implications not just for China, but for the global blockchain landscape.As one of the world's major economies, China's investment in blockchain technology could accelerate its adoption and development worldwide.

Potential Global Impacts

• Increased Competition: Beijing's plan could intensify competition in the global blockchain industry, driving innovation and lowering costs.
• New Standards and Protocols: The technologies and standards developed in Beijing could influence the future of blockchain protocols and interoperability.
• Geopolitical Implications: China's leadership in blockchain technology could have broader geopolitical implications, influencing the balance of power in the digital economy.
• Economic Opportunities: The plan could create new economic opportunities for companies and individuals worldwide, particularly those involved in blockchain development, consulting, and integration.

The success of Beijing's blockchain plan will depend not only on its internal efforts but also on its ability to engage with the global blockchain community and to adapt to the evolving technological landscape.It remains to be seen whether the plan will achieve its ambitious goals, but its potential impact on the future of blockchain technology is undeniable.

The Future of Blockchain in Beijing: A Call to Action

Beijing's bold initiative signals a new era for blockchain technology, emphasizing its potential beyond cryptocurrency. The plan s goal is to establish a digital blockchain infrastructure by 2025, with a focus on security, scalability, and cross-network interoperability. Specifically, the plan includes: creating national blockchain nodes and DLT platforms for distributed data storage; developing specialized Web3 chips and privacy protection functions;The commitment to fostering DLT unicorns and driving Web3 advancements highlights a strategic vision for a future powered by decentralized technologies. That initiative allocated at least 100 million yuan (~$14 million) annually to blockchain R D through 2025. With this new plan, Beijing is doubling down. While crypto remains banned for retail in China, blockchain technology is rapidly being embraced at a state level, reinforcing China's pivot toward digital industrialization.However, the journey ahead is not without its challenges.Overcoming regulatory hurdles, attracting top talent, and ensuring data security are crucial for success.

The plan serves as a call to action for entrepreneurs, developers, and investors to participate in this exciting opportunity.Collaboration between government, industry, and academia will be essential to realize the full potential of blockchain technology in Beijing and beyond. We will present the full results of our mid year findings during the upcoming Meet the Blockchain Unicorns Mid-Year 2025 webinars on July 23rd at 7:00am and pm PT. Why We Track Blockchain Unicorns. Before launching into the report, let's remind ourselves why tracking the blockchain unicorns matters:The world will be watching to see if Beijing can transform its vision into reality and become a true global leader in the blockchain revolution.

Are you ready to explore the opportunities within Beijing's burgeoning blockchain ecosystem?Now is the time to research, network, and potentially contribute to shaping the future of DLT.