On an autumn day, Shanghai Shibei Hi-tech Park welcomed a distinctive group of visitors. On September 18, nearly 200 enterprise representatives attending the Shanghai-Hong Kong Web3.0 digital asset conference participated in the “Hundred Enterprises Tour of Digital Connectivity Blockchain Valley” event. They explored the valley’s facilities and discussed the future integration of blockchain with the real economy. During the visit, the Digital Connectivity Blockchain Valley received widespread acclaim for its clear industrial positioning, comprehensive ecosystem services, and remarkable cluster effects. Enterprises generally agreed that the valley has not only achieved spatial aggregation of industries but also established a full-cycle innovation ecosystem spanning technology, policy, capital, and beyond.
The participating enterprises represented a wide array of sectors, including core blockchain technology firms (such as TripDAO, CastDAO, Bianjie.AI, and Diti Chain Technology), financial institutions (such as Huaxia Bank and Bank of Communications), law firms (including Boss & Young and Yingke), technology and digital economy companies (such as ViewSources and Fangrong Technology), as well as logistics and supply chain enterprises (like Fujian Guohang Ocean Shipping and CASIOT). Also present were organizations from cultural media, education and research, sustainable development, artificial intelligence, and smart manufacturing, along with government bodies and industry associations. The diversity of participants underscored how blockchain technology has transcended its purely technical roots to become deeply integrated into real-world sectors, such as finance, trade, logistics, and public services—truly embedding itself in the urban development.
During the site visit, enterprise representatives spoke highly of the industrial ecosystem at the Digital Connectivity Blockchain Valley.
A representative from Wonders Information shared that blockchain technology, serving as a bridge between the digital and real economies, holds vast potential for development. The representative expressed anticipation that the initiative would accelerate the development of groundbreaking blockchain implementation frameworks.
A representative from Zhuisuyun noted that the Digital Connectivity Blockchain Valley has effectively pooled innovation resources from the Yangtze River Delta, establishing a high-level platform for technical exchange and industry-finance collaboration.
During the event, a representative from Caifu Intelligent Technology remarked that the event allowed enterprises to “deeply feel the vibrant vitality of the blockchain industry in the Yangtze River Delta and the strong momentum of collaborative innovation between Shanghai and Hong Kong”.
A representative from Boyou Environmental Technology expressed that the activity enabled companies to “see the enormous potential and limitless possibilities of the industry”.
Meanwhile, a representative from the municipal energy conservation and emission reduction center noted that the event provided enterprises with a systematic understanding of the processes and compliance requirements for registering data assets and physical assets on the blockchain, offering valuable insights for future scenario development.
Industrial data has further underscored Jing’an District’s leading position as a hub for blockchain development.
At present, Jing’an has nearly 190 blockchain-related enterprises, recording the highest number citywide. Digital Connectivity Blockchain Valley alone hosts close to 170 blockchain companies, reflecting a growth rate of over 300% within a year. In 2024, enterprises with blockchain as their core business achieved nearly RMB 3 billion in revenue, driving over RMB 21 billion in related upstream and downstream industries. Tax contributions exceeded RMB 240 million. The district has nurtured 18 specialized and innovative SMEs, three “Little Giant” enterprises, one unicorn company, and 45 leading blockchain companies. At the same time, exemplary and benchmark blockchain application scenarios have been implemented both in Shibei High-Tech Park and across Jing’an.
Looking ahead, companies have shared further expectations. Many hope to see deeper integration of “blockchain+” within the real economy—especially in manufacturing and trade—with an emphasis on practical, scalable use cases. There is also growing interest in building a collaborative Web3.0 policy sandbox and mutual standards framework between the Yangtze River Delta and the Hong Kong-Macao region. Another key expectation is the establishment of a regular exchange mechanism to improve technology sharing and matchmaking demand between established companies and startups.
Jing’an District is pursuing a strategy of “embedding technology into the urban development”, promoting the return of technology to the city and empowering industries through innovation. The Digital Connectivity Blockchain Valley has become a key part of this effort. By gathering innovative companies, building collaborative platforms, and leveraging policy support, Jing’an is demonstrating how blockchain can integrate with urban development; it is also injecting new energy into the digital economy of Shanghai and the Yangtze River Delta, serving as a new engine for growth.