Suzhou, a city located in Jiangsu province, will set up China’s first blockchain demonstration pilot zone, supported by the Ministry of Industry and Information Technology (MIIT), according to a local media report . Fast facts – MIIT agreed to Jiangsu Province’s request for support to set up a pilot zone for blockchain in Suzhou and said it hopes the city can take action soon. – According to a research [report] released in March by a Chinese blockchain institute, CCID, Suzhou’s blockchain development level ranked fourth in the country in 2020, after Beijing, Shanghai, and Hangzhou. The evaluation criteria are mainly…