PANews reported on October 19th that Shanghai released several innovative blockchain applications, highlighting areas such as shipping and trade, finance, and social governance. In the shipping and trade sector, these applications serve as a key component of international exchange and the Belt and Road Initiative. Weng Yicong, Deputy Director and Party Member of the Shanghai Municipal Data Bureau, emphasized that the bureau is establishing a digital business enterprise incubation pool. Through in-depth exploration and tiered cultivation, the bureau will strengthen multi-dimensional data security, scenario provision, and investment and financing services, specifically supporting a group of benchmark companies. The bureau hopes to attract more outstanding digital innovation companies to join the blockchain ecosystem and jointly create the "dividends of the era" of the digital economy.