Blockchain, News & Updates, Uncategorized

The Inaugural Unveiling of Blockchain City Rankings in the Middle Kingdom

Beijing is officially China’s top blockchain city, per official rankings, but second city Shanghai placed third behind Shenzhen, its fastest-growing blockchain hub.

These were the conclusions of a special session at the China International Fair for Trade in Services, the first large-scale international financial and trade convention in China since the coronavirus pandemic struck late last year.

The convention, also known as the Beijing Fair, hosted a “Global Fintech Blockchain Summit,” where 83 Chinese cities were given a ranking score of 100 on their blockchain progress.

The organization dubbed the tables the “2020 Chinese Blockchain Innovation Rankings.

As announced by the state-run media outlet, the rankings were based on “multiple sources” and “objective data” – which it sadly did not expand upon.

The organizers ranked the cities on their blockchain R&D infrastructure, their level of blockchain industry development, the public popularity of local blockchain-powered offerings, and city-level policy.

In Jiangxi Province, backing up the top 50 was Jiujiang, who scored under 36 out of 100.

But further up the list, Beijing scored a near-perfect 99.82 at the top of the pile, with Shenzhen, the nation’s de facto center of gravity for all things blockchain-related, garnered a score of 91.2. The city is home of over 5,000 blockchain-related firms, per recently released figures.

Shanghai, one of East Asia’s most prominent business capitals, lagged with just under 88%.

Rounding out the top five were Hangzhou with an 86.5% score and Guangzhou with just under 77%.

The report’s authors noted that Beijing and Shanghai benefitted from massive natural advantages in R&D, industrial development, and public awareness, a fact that allowed them to score so high.

The capital also topped the individual rankings in all but one category – local policy – where it was beaten to the top spot by Chongqing, which scored a perfect 100/100 in this field.

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