Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan

Cointelegraph

Published Jul 01, 2020 04:44AM ET

Updated Jul 01, 2020 06:20AM ET

The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech.

According to an announcement published on July 1, the plan seeks to “promote theoretical innovation, technological breakthroughs, [...] talent cultivation,” and “create new economic growth.”

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