Beijing has released a web3 white paper to promote the industry’s development. The white paper, Web3 Innovation and Development White Paper (2023), highlights that web3 technology is an “inevitable trajectory for the future progression of the Internet industry,” as per a report from a local news source called The Paper. The release of the white paper took place at the Zhongguancun Forum by the Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park.
The commission has set its sights on transforming Beijing into a global hub for innovation in the digital economy. In pursuit of this goal, the city’s Chaoyang district will spend at least 100 million yuan annually until 2025, as stated by Yang Hongfu, the director of the Zhongguancun Chaoyang Park management committee, during the forum. Zhongguancun is often referred to as the Silicon Valley of China…
Read the full article at The Block
Read the full version of White Paper from Wu Blockchain
Source: The Block, Wu Blockchain, The Paper
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