PANews reported on November 25th that, according to the Science and Technology Innovation Board Daily, at the 2025 Global Digital Commerce Conference, the Shanghai Blockchain Innovation Fund was officially launched. Simultaneously, Shanghai and Singapore jointly released cooperative achievements on mutual recognition of digital identity and electronic authentication documents, the Mineral Data Overseas Export Standard Innovation Consortium was launched, and blockchain letter of credit application scenarios were officially introduced. Furthermore, Shanghai Data Group and the National Data Development Research Institute jointly compiled and released the "White Paper on the Construction and Operation of Industry Trusted Data Space Based on Unified Data Infrastructure."