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New Blockchain Research Group Established in Shanghai, China

A new Blockchain organisation has been formed in Shanghai, China has been established last week. The Shanghai Municipal Development and Reform Research Institute, Wanxiang Blockchain Lab, BitSE, Shanghai Institute of Science, the Lujiazui Finance Internet Association, the Jiading Industrial Zone Economic Development Co, and others teamed up to form the “Shanghai Blockchain Industry Development Research Alliance”.

According to a press release,  Blockchain development currently faces a number of technical, legal, policy and other problems and that the newly formed alliance will seek to unite all forces around some key issues research. It will provide a platform for the Shanghai Municipal Government, relevant departments and the whole Blockchain industry to promote sharing of resources and knowledge thereby providing valuable and high quality research results.

Research Development and Reform deputy director of Shanghai Wei Lu pointed out that as a hot topic in financial technology, the Blockchain is now being carried out in all areas of economic, financial, social and others and has aroused widespread attention in society.

Allegedly sponsoring the new organization is the China Finance Information Center, an office complex that plays home to the state-run Xinhua News Agency and other financial services company. The group’s organizers said that the Information Center will play a significant role in both promoting the effort and creating a meeting ground for companies and startups that become involved.

Other members include the Shanghai Institute of Science, the Lujiazui Finance Internet Association and the Jiading Industrial Zone Economic Development Co, one of several economic zones within Shanghai.


Richard Kastelein
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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