According to Deep Tide TechFlow news, the public account of Xuhui District in Shanghai, China, has officially announced the launch of the second batch of blockchain industry development project applications for Xuhui District in 2024. This includes projects for blockchain standard formulation, introduction of leading blockchain enterprises, and "blockchain +" application demonstration projects. Enterprises that promote international exchanges and cooperation in standards, and lead or participate in the formulation of international, national, and industry standards in specific areas of blockchain, will receive a one-time subsidy for related standard R&D costs, with a maximum of 1 million yuan; recognized leading blockchain enterprises or industry benchmark enterprises and institutions may receive a one-time subsidy support of up to 5 million yuan.