Shanghai launches cross-border data flow infrastructure to support enterprises' compliance overseas expansion based on blockchain

China News Service, Shanghai, November 1 (Reporter Xu Jing) The third Blockchain Innovation Summit Forum was held in Shanghai on October 31. As a supporting event for the 2026 Global Digital Business Conference, the forum released the infrastructure for cross-border data flow, simultaneously launched six major cross-border business scenarios, unveiled the Hongqiao cross-border credit financing service site, and implemented a number of ecological contracts and industry standards to focus on solving the problem of trusted data flow in corporate cross-border operations.

The cross-border data flow infrastructure is invested and constructed by the Yangtze River Delta Digital Chain (Shanghai) Network Infrastructure Co., Ltd., a subsidiary of Shanghai Data Group. It connects to the Shanghai hub of the national blockchain network and builds a cross-border cross-chain gateway. It relies on blockchain and privacy computing technology to make data available, invisible, controllable and traceable, allowing cross-border data to flow smoothly and compliantly. The Hongqiao cross-border credit financing service station unveiled on site is an offline service window for the implementation of this capability, undertaking corporate consultation and docking.

Focusing on the pain points in the entire chain of enterprises going global, the forum launched six major cross-border service scenarios, including cross-border credit financing, cross-border account opening, international reinsurance, cross-border payment settlement, cross-border presentation of electronic bills of lading, and cross-border transmission and settlement of letters of credit, so that cross-border data flow can truly fall into business scenarios.

At the forum, Yangtze River Delta Digital Chain, Pujiang Digital Chain, Shanghai Unicom and other 12 institutions signed an ecological cooperation agreement, and the Shanghai hub of the national blockchain network entered a new stage of ecological agglomeration. The hub is a major digital infrastructure clearly defined in Shanghai’s “15th Five-Year Plan”. It will focus on empowering government affairs and people’s livelihood, business circulation, supply chain finance, transportation and logistics and other scenarios. It will be based in the Yangtze River Delta, radiate across the country, connect the world, and promote the interconnection of hubs in various places.

A special committee under the Shipping Trade Digital Cooperation Innovation Alliance has released five industry standards and specifications. The above-mentioned standards cover key areas such as the ecological technology base of the aviation trade chain, smart contract management, commodity data registration and financial applications, and help the digitalization of aviation trade to be stable and long-term.

Weng Yicong, deputy director of the Shanghai Municipal Data Bureau, said that in recent years, Shanghai has promoted the construction of the Shanghai hub of the national blockchain network. The innovative application of blockchain has gradually deepened from point to point, and has been implemented in nearly 200 application scenarios. Scenarios such as bulk commodity invoice quotas and cross-border e-commerce digital supervision have achieved remarkable results. In the future, policy support will continue to be strengthened and service guarantees will be improved. Wu Jianxiong, chairman of Shanghai Data Group, said that the company will continue to strengthen platform support, improve ecological services, work together to bridge technology supply and industry demand, and use government and enterprise collaboration to better empower high-quality economic and social development.