Shanghai Advances National Blockchain Network Construction, Strengthens Cross-Chain Service Capabilities

The Shanghai Municipal Cyberspace Administration and the Shanghai Municipal Data Bureau have released a document titled "Several Measures for Promoting High-Level Opening Up and Facilitating Cross-Border Data Flow in Shanghai." This initiative proposes to improve the infrastructure for cross-border data flow, deepen the construction of the national blockchain network (Shanghai hub), and strengthen foundational capabilities such as distributed digital identity, privacy computing, and cross-chain services. At the same time, it supports the construction of facilities for cross-border data flow services, explores data cross-border service models based on mutual recognition of rules, and supports the construction of international data centers to support the computing power service industry and related cross-border digital services.

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