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China Picks Cities, Entities to Take Part in Blockchain Trials

China picked 15 city governments and 164 other entities including companies, universities, hospitals and industry groups to carry out a trial on the application of blockchain technology.

The program is aimed at “sufficiently letting the blockchain technology play its role in facilitating data sharing, optimizing business procedures, lowering costs, improving synergy and building reliable systems,” the Cyberspace Administration said in a statement on Sunday.