1. Shanghai, China's financial center, aims to construct a blockchain infrastructure by 2025 and collaborate with Hong Kong and Singapore for applications in digital assets, transportation, supply chain finance, and more.
2. The plan involves building a blockchain network and dedicated computing power clusters to manage local government affairs, public services, and real-world economy applications.
4. Shanghai aspires to lead the global shift to digital-based economies by embracing blockchain and other Web3 technologies.
4. Other Chinese cities, including Beijing, have also shown interest in blockchain initiatives, indicating a growing trend in exploring blockchain's potential in diverse industries.
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