Production, power, government data sharing and services, law administration, taxation, criminal trials, investigation, and cross-border banking are some of the major sectors of blockchain development. The Cyberspace Administration of China (CAC) revealed the launch of an internal attempt to accelerate blockchain advancement and innovation over 15 regions and 164 organizations.The effort intends to integrate blockchain technology on a huge scale in China’s enterprises and government entities.The CAC, together with other government organizations, issued orders to the regulatory authorities to “promote the intensive and balanced layout of blockchain technology infrastructure in the region, form a large-scale production-level cross-chain data exchange support capability, and promote the formation of a multi-party collaborative blockchain industry ecology.”The statement also involved a list of cities, companies, and other organizations that will be actively engaged in the blockchain exp
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