Hebei Province Hopes to Create 20 “Blockchain Champions” by End of 2022

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The northern Chinese province of Hebei has just launched an ambitious new blockchain development plan which envisages the creation of 20 leading blockchain-related enterprises by the end of 2022.

The Hebei Province government recently issued the “Hebei Province Blockchain Specialist Action Plan (2020 – 2022)” (河北省区块链专项行动计划(2020-2022年)) in early August.

The Plan has the goals of “strengthening blockchain theoretical and technological research and development, accelerating the establishment of a blockchain industry ecosystem, raising blockchain application and management ability, driving the rapid, healthy and orderly development of the Hebei Province blockchain sector, and providing a vigorous support to the creation of a modernised Hebei economic system.”

Goals outlined by the Plan for the end of 2022 include

  • The creation of 20 “champion” and “dragon’s head” enterprises in blockchain-related fields;
  • The cultivation of a raft of blockchain application products, and endeavouring to create 1 – 3 nationally renowned blockchain brands;
  • The formation of 3 blockchain industry cluster parks that possess regional influence;
  • A blockchain industry whose competitive capability is at the national forefront.

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