BlockBeats News, November 10th. According to the Shanghai Xuhui Public Account, the Xuhui District of Shanghai, China, announced the official launch of the application for the second batch of Xuhui District support for blockchain industry development projects in 2024. This includes the blockchain standard development project, key enterprise introduction project, and the "Blockchain +" application demonstration project. To promote international exchange and cooperation in standards, enterprises that lead or participate in the development of international, national, or industry standards in specific blockchain segments will receive a one-time subsidy for related standard R&D expenses, up to a maximum of 1 million RMB. Identified key blockchain enterprises or industry benchmark enterprises and institutions may receive a one-time subsidy of up to 5 million RMB for support.
