Xuhui District Launches 2024 Blockchain Development Program with Economic Incentives

On November 10, Xuhui District in Shanghai, China announced the start of applications for the second batch of projects supporting the blockchain industry in 2024. This includes blockchain standard development projects and the introduction of chain owner enterprises, as well as “Blockchain+” application demonstration projects.

For companies that promote international exchanges and cooperation on standards and lead or participate in the formulation of international, national, and industry standards in the blockchain segment, a one-time subsidy of up to 1 million yuan for relevant standard research and development expenses will be provided after identification.

Additionally, blockchain chain master enterprises or industry benchmark enterprises and institutions can receive one-time subsidy support of up to 5 million yuan.

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