The Beijing city administration recently unveiled a comprehensive plan for local blockchain development and integration into infrastructure over the next two years. The initiative, jointly developed by various governmental bodies, aims to kick off this year and extend until 2027. The Beijing Blockchain Innovation and Application Development Action Plan recognizes blockchain as a crucial technology for industrial digitalization and essential digital infrastructure. The plan includes enhancing the value extraction from digital assets through blockchain, indicating potential involvement in crypto mining. The city has already made substantial investments in autonomous blockchain technology development and application scenarios. The project focuses on developing blockchain software targeting breakthroughs in cryptography, confidential computing, and distributed systems. It also involves creating blockchain infrastructure, such as national blockchain hub nodes and platforms for trusted digital identity and distributed data directories. Target industries for blockchain application include healthcare, education, AI models, financial services, and transportation to improve efficiency and trust. By 2027, the project aims to implement dedicated blockchain chips, privacy protection features, crosschain interoperability, and distributed networking. The goal is to achieve petabyte-scale trusted node storage, large-scale blockchain interoperability, and a hundred-million-user-scale interoperable trusted identity system, along with developing at least 20 blockchain use cases. This announcement follows Beijing’s release of a white paper in May 2023 to promote innovation and advance the Web3 industry, recognizing Web3 technology as a future trend in the Internet industry. The commission aims to position Beijing as an innovation hub for the digital economy and allocate a minimum of 100 million yuan annually until this year.