BEIJING: China has selected 15 pilot zones and identified several areas of application to"carry out the innovative application of blockchain" technology, according to a joint government statement on Sunday .
Apart from the pilot zones, 164 entities, including hospitals, universities and companies such as SAIC-GM-Wuling Automobile, China National Offshore Oil Corp, Beijing Gas Group and Industrial and Commercial Bank of China were selected to carry out blockchain pilot projects. "Each area's cyberspace administration and relevant industry regulator should... Give full play to the role of blockchain in promoting data sharing, optimising business processes, reducing operating costs and improving collaboration efficiency in building a credible system," the statement said.