Suzhou Municipal Government of Jiangsu Province, which is located in the northern part of Shanghai, China, will establish a block-chain fund worth RMB 1 billion yuan (W166.1 billion).
The municipality is actively working on the block chain. Suzhou’s 9-trillion-dollar corporate incentives are available and subsidies are also abundant. City authorities are promoting the development of Block Chain Valley. Suzhou is 30 minutes away by train from Shanghai. Shanghai Neo ontology, and Vichein, which is the home of the famous cryptographic project, Shanghai is planning to actively promote the cryptographic project.