HAIKOU, Dec. 4 (Xinhua) -- South China's Hainan Province on Wednesday released a set of measures to speed up the development of the blockchain industry, according to a press conference held in the provincial capital of Haikou.
The measures, released by China's first blockchain pilot zone in Hainan FTZ (free trade zone), will support the blockchain industry through talent cultivation, technological application, social investment and other aspects.
Efforts will be made to employ blockchain technology in multiple areas such as housing, healthcare, tourism and trade, with a special fund of 1 billion yuan (about 142 million U.S. dollars) set up to finance blockchain companies.
Based in the Hainan Resort Software Community, an internet industrial park, the blockchain pilot zone was launched by the provincial department of industry and information technology in October 2018.
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