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Yuhang blockchain debut
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China Hangzhou Blockchain Industrial Park debuted in Yuhang District recently.
The first batch of 10 blockchain enterprises signed agreements to settle in the industrial park, covering the blockchain community engine, digital asset transaction service, blockchain cloud computing service, blockchain information platform and quantitative management platform for digital asset.
A global blockchain innovation fund of 10 billion yuan (US$1.56 billion) was also set up by Yuhang District, Future Science and Technology City and Hangzhou Tunlan Investment Management Co Ltd to accelerate the development of blockchain industry in Hangzhou.
Blockchain industry has been listed as one of the seven key areas for development in the 2018 Hangzhou Government Report, which was released at the beginning of the year.
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