China's calls for "speed up" of Hainan's "Blockchain Pilot Zone," no sign of crypto even as Digital Yuan rises

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China's leaving no stones unturned in its well-publicized quest to become the world's leader in blockchain development and services.

As reported on local publication Xinhua Net., the southern Chinese island of Hainan will speed up efforts for integrating blockchain technology into various administration and societal protocols.

Called China's first "Blockchain pilot zone," Hainan boasts 175 companies, including foreign firms like Microsoft and HP, working on blockchain- and distributed ledger-focused systems.

"The pilot zone has so far accommodated more than 100 blockchain organizations and companies and is one of the fastest-growing blockchain clusters across the country."

The framework is aimed at bolstering "Trusted" data sharing and digital governance by integrating blockchain technology and big data, noted Xinhua.

Digital Yuan in force, but no sign of BTC or ETH. Despite the push, cryptocurrencies have remained absent from China's agenda.

As CryptoSlate reported last month, China is testing digital yuan with an aim to include it in the upcoming 2022 Winter Olympics event in Beijing.

Hainan is poised to become a blockchain powerhouse of sorts.

The region even has a dedicated blockchain research lab, opened in collaboration with U.K's prestigious Oxford University in 2018.

"If China is to make some breakthroughs in the blockchain industry, it is most likely to happen in two places: Hong Kong or Hainan."

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