According to Foresight News, Shanghai's deputy secretary and mayor, Gong Zheng, recently chaired a municipal government executive meeting, where he called for the promotion of blockchain technology and industry innovation. The meeting approved in principle the 'Shanghai Blockchain Key Technology Breakthrough Special Action Plan (2023-2025)' and emphasized that Shanghai, as one of the domestic blockchain technology innovation highlands, should grasp development trends, leverage its advantages, and accelerate the promotion of blockchain technology and industry innovation to a new level.

The plan calls for strengthening the foundation of innovation, accelerating the layout and construction of a number of high-level, leading new research and development institutions, and focusing on cutting-edge theoretical research. It also aims to build new industrial advantages by accelerating the construction of a municipal-level blockchain basic service platform, exploring the deepening of blockchain technology applications in fields such as shipping logistics, e-commerce, and the metaverse, creating a number of typical scenarios and benchmark projects, and cultivating more high-growth enterprises with core competitiveness. Additionally, the plan emphasizes the need to promote content supervision, industry supervision, and financial supervision coordination, and to build a scientific and efficient regulatory system.