The city of Shanghai opened a blockchain research lab out of the Shanghai Maritime University for enhanced fintech innovation. Shanghai Maritime University and local blockchain startup Conflux started the research lab on September 15, 2021. The goal of this center is the further establishment of Shanghai as a center for global finance and shipping. This new blockchain lab is the first one in the city. It sits in Lingang in the Pudong New Area, with goals for boosting blockchain applications in that area. In addition, it will boost capability for offshore digital yuan transactions. At present the Conflux blockchain deals...