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China Unveils a Blockchain Pilot Zone in Shanghai for Intelligent Manufacturing

Lingang, a seaside satellite town south of Shanghai, has recently launched a blockchain pilot zone with an aim to set up 15 blockchain-powered smart factories for intelligent manufacturing, according to ChinaZ.com.

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Sitting on the coast of Pudong, about 47 miles southeast of the center of Shanghai, Lingang has come under the spotlight since October as Tesla acquired an 864,885-square meter plot there for  for its US$2 billion Gigafactory 3, its first factory outside the U.S. The once little-known “ghost town” now turns to emerging technologies like blockchain to support smart manufacturing, consolidating its status as the backbone of Shanghai’s technology innovation.

Li Jia, an official of Lingang Administrative Committee told a blockchain conference held in Lingang,Shanghai on December 28 that the newly-created pilot zone will highlight the integration of blockchain and intelligent manufacturing, and promote the application of the technology in 10 fields, including cultural and creative, logistics settlement, medical and healthcare, anti-counterfeiting, supply chain and Internet of Vehicles(IoV).

“ Specifically, Lingang is dedicated to offering underlying support for blockchain development and exepiditing the establishment of blockchain platforms.” Li said, “Our efforts include the research and development of public, private and consortium blockchains, blockchain hard wares and the creation of a trusted data sharing platform which leverages blockchain technology to allow the free flow of data.” He added that the blockchain demonstration zone will facilitate the upgrades of blockchain products and information services, and it will promote the construction of blockchain security protection and evaluation systems.

Lingang was built in 2013 and initially covered 28.78 square kilometers with an initial goal to turn Shanghai into a free-trade port rivaling Hong Kong and Singapore. But after a very long time, the experiment turned up to fail. In 2016, the Chinese government pumped $2.7 billion into the port area in a bid to build Lingang into a hub for high-tech research and development. And in 2018, blockchain has been integrated into the satellite town’s development strategy. The town plans to take advantage of blockchain’s decentralization and data reliability features to help manufacturing companies reduce operation costs and increase production efficiency.

In May, a blockchain research lab set up by the National Eastern Tech-Transfer Center, an agency under China’s Ministry of Science and Technology and the Government of Shanghai, was unveiled in Lingang. The research institution will play a key role in nurturing blockchain innovation for industrial applications in the region.

Shanghai, a vibrant city in the blockchain world, is home to some of the largest Chinese blockchain projects like NEO and Ontology. Now, Lingang’s rising, along with a strong talent pool and local government initiatives to fuel business growth, inputs new driving forces for building Shanghai into a global blockchain center.

COMMENTS(8)

  • Emin Gün Sirer
    9 months ago Emin Gün Sirer

    It’s a pity that some idiot will launch a class action lawsuit every time the price goes down.https://news.8btc.com/nvidia-faces-a-class-action-lawsuit-for-making-false-and-misleading-statement-on-their-mining-business …

  • Raphael Spannocchi
    9 months ago Raphael Spannocchi

    NVIDIA also claimed to the market that any drop off in demand for its GPUs amongst cryptocurrency miners would not negatively impact the Company’s business because of strong demand for GPUs from the gaming market.

    – that’s a pretty strong statement

  • Patrick Philpp
    9 months ago Patrick Philpp

    Not too sad that it hits Nvidia though, their marketing dep. deserves a slap in the face. Wonder if AMD will be dragged in as well.

    Altogether it’s a market however and ultimately speculators drove the price to its highs. Lawsuits should be dismissed.

  • Crypto (Giving away knowledge) the Guerrilla
    9 months ago Crypto (Giving away knowledge) the Guerrilla

    Way way too easy to sue people these days, makes loads of money for unproductive lawyers and scares innovators away from taking risk

  • Bala Pillai
    9 months ago Bala Pillai

    Nextdoor to TESLA in Lingang. Should be a 5G Native Pilots centre.https://news.8btc.com/china-unveils-a-blockchain-pilot-zone-in-shanghai-for-intelligent-manufacturing …

  • Bitter
    9 months ago Bitter

    Party is over and everybody is hangover.

  • puffinicefire
    9 months ago puffinicefire

    Pretty sure if Satoish is revealed, he will be sued… LOL.

  • Ashish Srivastava
    9 months ago Ashish Srivastava

    China aim to set up 15 #blockchain powered smart factories for intelligent #manufacturinghttps://news.8btc.com/china-unveils-a-blockchain-pilot-zone-in-shanghai-for-intelligent-manufacturing …

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