According to Foresight News and the Shanghai Xuhui public account, the Xuhui District of Shanghai officially announced the launch of the second batch of application projects to support the development of the blockchain industry in 2024. This includes projects for blockchain standard formulation, introduction of leading blockchain enterprises, and 'blockchain +' application demonstration projects. Enterprises that promote international exchange and cooperation in standards, 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 expenses, not exceeding 1 million yuan upon certification; certified leading blockchain enterprises or industry benchmark enterprises and institutions may receive a one-time subsidy support of up to 5 million yuan.