(Yicai) Oct. 21 -- This year's Global Data Ecosystem Conference in Shanghai focused on blockchain technology and related application innovation.

Shanghai can be a pioneer in exploring advanced technologies, including blockchain and data space, Shen Zhulin, deputy head of the National Data Administration, said at the conference held from Oct. 19 to 20. The city is one of the few regions picked to spearhead trials to drastically reduce data circulation and transaction costs while ensuring secure, compliant, and orderly data flow, Shen added.

The Global Data Ecosystem Conference was organized by Yicai for the fourth straight year. It was co-hosted by Shanghai Data Group and Shanghai Data Service Provider Association, with the support of the Shanghai Data Bureau and the government of Pudong district.

The meeting showcased achievements in developing the digital economy, was an innovation platform for the digital business ecosystem, and an exchange platform for international data cooperation. The National Data Group Alliance, the first equal-rights organization for data groups in China, was also launched at the event to boost alliance among data companies nationwide and speed up the growth of the data industry.

By strengthening international data exchange and cooperation, the conference has formed a year-round exchange and collaboration mechanism with international organizations, including the Hong Kong Chamber of Data & Digital Commerce Organizing Committee, SGTech, the leading trade association for Singapore's tech industry, and the International Data Spaces Association to better serve local digital merchants to go global and global data businesses to come in.

In the future, Shanghai will further promote the sharing and openness of public data, innovate the development and utilization of public data, build a good digital business ecological environment, and promote the building of international data centers.

The value of Shanghai's core digital economy industry exceeded CNY600 billion (USD84.5 billion) last year, according to the city's data bureau.

Editor: Martin Kadiev