China’s first blockchain pilot zone officially opened in Haikou, Hainan

Hainan has recently become a hit place among blockchain entrepreneurs. Though disgraced by the infamous crypto restrictions, China is planning to set up a blockchain lab in Hainan Resort Software Community, attracting relevant communities by providing professional technical networking. According to Technode, Hainan is not the only one city backed with government funds aiming at the blockchain advancement – Shenzhen and Hangzhou are also in their move.