South China’s Hainan province is getting pretty serious about blockchain.
According to Xinhua, the province recently unveiled a set of measures designed to support its local blockchain industry. The measures include “efforts” to employ blockchain in housing, healthcare, tourism, and other industries, as well as a RMB1 billion ($142 million) fund created specifically to set up blockchain companies.
The measures were released by China’s first blockchain pilot zone in the Hainan pilot free trade zone (FTZ). It is based in the Hainan Resort Software Community (RSC), an internet industrial park, and is supposedly China’s first “officially authorized” blockchain zone. It has purportedly accommodated “more than 100 blockchain organizations and companies and is one of the fastest-growing blockchain clusters across the country.”
Photo: Public Domain
