Wu said that, according to the Shanghai Xuhui public account, Xuhui District of Shanghai officially announced the launch of the second batch of project applications for supporting the development of the blockchain industry in Xuhui District in 2024. This includes blockchain standards formulation projects, chain master enterprise introduction projects, and "blockchain +" application demonstration projects. To promote international exchange and cooperation in standards, enterprises that lead or participate in the formulation of international, national, and industry standards in specific areas of blockchain will be granted a one-time subsidy for relevant standard research and development expenses after being recognized, with a maximum of 1 million yuan; recognized blockchain chain master enterprises or industry benchmark enterprises and institutions can receive a one-time subsidy support of up to 5 million yuan.