Shanghai has launched a series of innovative blockchain applications across finance, social governance, and other sectors. These applications are pivotal in enhancing international trade and supporting the Belt and Road Initiative. Weng Yicong, Deputy Director of the Shanghai Municipal Data Bureau, announced the establishment of a digital business enterprise incubation pool aimed at fostering digital innovation. The initiative focuses on strengthening data security, providing scenario-based solutions, and enhancing investment and financing services to support leading companies in the blockchain ecosystem.