Shanghai: Promote the construction of the national blockchain network (Shanghai hub), strengthen foundational capabilities such as cross-chain services

Odaily News: The Cyberspace Administration of Shanghai and the Shanghai Municipal Data Bureau have issued the "Several Measures of Shanghai Municipality on Promoting High-Standard Opening-Up and Facilitating Convenient Cross-Border Data Flow." Among them, it is proposed to improve the infrastructure for cross-border data flow. Deeply advance the construction of the national blockchain network (Shanghai hub), and strengthen foundational capabilities such as distributed digital identity, privacy computing, and cross-chain services. Support the construction of cross-border data flow service facilities, and explore cross-border data service models based on mutual recognition of rules. Support the construction of international data centers, and bolster the computing power service industry and related cross-border digital services.