With its wide range of applications and the possibility of serving the real economy, blockchain technology has gained the attention and promotion of the national and local governments at the technical level.

Recently, the Management Committee of Changsha Economic and Technological Development Zone issued a red head document"Changsha Economic and Technological Development Zone's Policy on Supporting the Development of Blockchain Industry (Trial Implementation)"。

The policy puts forward measures such as "Blockchain enterprises will be given support funds of up to 2 million yuan within 3 years from the date of settlement; provide blockchain enterprises with no more than 300 square meters of office space, rent-free for 3 years" and other measures to support Blockchain enterprises settled in.

The Investment Promotion and Cooperation Bureau of Changsha Economic Development Zone stated that this policy is a support policy for the blockchain industry.Among the support policies, there are nearly 20 support policies that can receive cash rewards, and the total amount of support for a single enterprise can reach more than 10 million yuan.

The Changsha municipal government is currently actively promoting the development of the blockchain industry. On May 22 this year, Ulord, the underlying public chain of the blockchain, settled in the Xingsha Industrial Base of the Changsha Economic Development Zone; at present, the Changsha Economic Development Zone is preparing to establish the Changsha Blockchain Industrial Park, and has formulated a development policy for the Blockchain Industrial Park. The policy introduced this time mentions that a blockchain industry fund with a total amount of 3 billion yuan will be established to invest in blockchain companies.

Various local governments have also successively promulgated various development policies of the blockchain to actively promote blockchain technology and applications.

In April 2017, Shanghai issued the "Self-Regulatory Rules for the Application of Blockchain Technology in Internet Financial Practitioners", which stipulated self-regulatory regulations on information security, risk control, and privacy protection designed by Internet practitioners when applying blockchain technology.

In December 2017, Guangzhou issued the "Measures for Promoting the Development of the Blockchain Industry in Guangzhou Development Zone, Huangpu District, Guangzhou City", which provides technology, application and other incentives and financial support to blockchain companies in the area.

In March 2018, Chongqing issued the "Notice on Implementing and Promoting Supply Chain Innovation and Application Guidance Task Division" and mentioned that research and use of blockchain, artificial intelligence and other emerging technologies to establish a supply chain-based credit evaluation mechanism.