China's Comprehensive Reform Pilot Programs Embrace Blockchain and Green Finance

According to PANews, the State Council has approved comprehensive reform pilot programs for market-oriented allocation of resources in various regions across China. These initiatives aim to integrate advanced technologies such as blockchain and green finance into regional development strategies. In key cities of Southern Jiangsu, the pilot program emphasizes the advancement of green finance reform and innovation. It encourages the exploration of blockchain-based green asset trading and the development of green financial products. The pilot program for Hangzhou, Ningbo, and Wenzhou focuses on the adoption of privacy computing and blockchain technologies. These innovations are intended to facilitate the integration and deep development of public and social data. In the Hefei metropolitan area, the program highlights the use of blockchain, privacy computing, and quantum encryption technologies to enhance data transaction efficiency and security. It also aims to advance artificial intelligence social experiments and explore innovative blockchain applications. Zhengzhou's pilot program outlines the use of trusted identity authentication, data signatures, interface authorization, and data traceability measures, alongside blockchain technology, to strengthen the security of computing and data resources. The Changsha-Zhuzhou-Xiangtan region's program plans to leverage existing trading venues for data transactions. It seeks to enhance blockchain underlying technology innovation, foster a blockchain industry ecosystem, and explore the establishment of blockchain standard systems.