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海南加快区块链产业发展：探索数字 asset 交易平台与旅游积分互通

In a significant move to position itself as a national leader in blockchain innovation, Hainan Province has unveiled a comprehensive set of policies aimed at accelerating the development of its blockchain industry. The "Several Measures to Accelerate the Development of the Blockchain Industry in Hainan", released by the Hainan Provincial Department of Industry and Information Technology, outlines a forward-thinking roadmap that leverages the province’s unique advantages as a free trade port to foster technological advancement, financial experimentation, and real-world applications.

With a three-year trial period and clear implementation responsibilities assigned across government departments, these ten policy initiatives are designed to build a robust "Blockchain-based Hainan" ecosystem—integrating cutting-edge technology with tourism, finance, governance, and cross-border commerce.

Strategic Focus Areas: Three Key Innovations

While the full policy package includes ten distinct measures, three stand out for their potential to shape national trends and attract global attention:

1. Promoting Tourism Consumption via Blockchain积分 (Points)

One of Hainan’s most distinctive strategies is the rollout of a blockchain-powered tourism consumption points system. This initiative aims to unify loyalty programs across transportation, hotels, dining, shopping, scenic attractions, and entertainment venues.

By enabling seamless interoperability of consumer points, users will be able to earn and redeem rewards across different service providers—effectively creating a frictionless travel experience known as "One Chain Tour Hainan". Beyond convenience, this system enhances customer retention, reduces marketing costs for businesses, and supports the broader "Credit Tourism in Hainan" brand.

This use case taps directly into Hainan’s status as a premier tourist destination and free trade port with duty-free shopping incentives—making it an ideal sandbox for blockchain-based consumer ecosystems.

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2. Supporting Blockchain Infrastructure & Digital Asset Platforms

Hainan is taking bold steps to become a hub for next-generation digital infrastructure. The policy explicitly supports enterprises registered in Hainan to build:

Crucially, the policy encourages leading companies to explore the construction of digital asset trading platforms. This opens the door for pilot projects in:

These efforts align with Hainan’s broader role as a testing ground for financial liberalization under the Free Trade Port framework. By enabling early experimentation in regulated environments, the province aims to establish itself as a pioneer in digital economy governance.

3. Exploring Blockchain + Financial Regulatory Sandboxes

To balance innovation with risk control, Hainan introduces a "Blockchain + Financial Sandbox" regulatory mechanism. Under this model, financial institutions can apply for approval to test blockchain-based products, services, business models, and delivery mechanisms within a controlled environment.

The sandbox includes a tolerance-for-error mechanism, allowing room for trial and correction—critical for nurturing high-potential but unproven technologies. At the same time, regulators emphasize strict oversight to prevent misuse, particularly cracking down on illegal fundraising schemes disguised as blockchain projects.

This dual approach—encouraging innovation while maintaining stability—reflects Hainan’s mandate from central authorities to “dare to test, dare to break through, and reform independently.”

Building the Foundation: Core Policy Initiatives

Beyond the headline innovations, the full suite of ten measures provides strong foundational support for long-term growth:

🔧 Establishing Innovation Hubs

A Blockchain Joint Innovation Platform will be formed with participation from international academicians, experts, and entrepreneurs. Collaborations with top universities—including Oxford and the Chinese Academy of Sciences—are already underway through dedicated research institutes.

💰 Launching a 1 Billion RMB Blockchain Fund

A 1 billion yuan (approx. $140 million) blockchain industry sub-fund will be launched under the provincial industrial investment fund. It will provide angel investment, equity financing, and post-investment value-added services to early-stage blockchain firms.

🏛️ Driving Government-Led Adoption

Electronic government projects using blockchain will receive priority in annual planning. Applications are being promoted in education, healthcare, poverty alleviation, food safety, data asset management, and more—aiming to improve transparency and inter-agency coordination.

🔍 Encouraging Core Tech Research

Funding and recognition will go toward research in consensus algorithms, distributed storage, zero-knowledge proofs, smart contracts, sharding, sidechains, and privacy-preserving cryptography—key areas for scaling blockchain for enterprise use.

🏆 Launching a "Challenge & Reward" Program

The Blockchain Application Demonstration Open Challenge invites global teams to solve real-world problems in sectors like supply chain traceability, IP trading, digital identity, energy trading, and cross-border data flow. Winning teams may receive funding recommendations and support for local registration.

🌍 Hosting Global Events

Hainan will host the World Blockchain Conference annually and launch the "Chain on Hainan" Global Blockchain Innovation Competition to attract international talent and spotlight breakthrough ideas.

🏗️ Creating Blockchain Clusters

Special support goes to Hainan Eco-Software Park and Haikou Revival City Internet Industrial Park, which will serve as core zones for incubation, platform development, international collaboration, and startup acceleration.

FAQ: Understanding Hainan's Blockchain Vision

Q: What makes Hainan’s blockchain policy different from other provinces?
A: Unlike general tech promotion policies, Hainan leverages its Free Trade Port status to enable regulatory flexibility, especially in finance and cross-border data flows. Its focus on digital asset experimentation, tourism integration, and sandboxed financial innovation sets it apart.

Q: Is Hainan allowing cryptocurrency trading?
A: No. While the policy supports exploration of digital asset platforms, it does not endorse or permit speculative cryptocurrency exchanges. All activities must comply with national financial regulations and anti-money laundering rules.

Q: How does the blockchain tourism points system work?
A: Using blockchain for immutability and transparency, the system allows travelers to accumulate points from various merchants (e.g., airlines, hotels) and redeem them across partners—eliminating siloed loyalty programs.

Q: Can foreign companies participate in Hainan’s blockchain initiatives?
A: Yes. The policy welcomes global enterprises to register in Hainan and take part in innovation challenges, infrastructure building, and pilot programs—especially in areas like cross-border trade and digital identity.

Q: What happens after the three-year trial period?
A: The policies will be evaluated based on implementation outcomes. Successful pilots may be extended or scaled nationwide; ineffective measures will be revised or discontinued.

👉 See how developers are building scalable dApps on emerging blockchain networks.

National Context: A Growing Wave of Blockchain Policies

Hainan joins a growing list of Chinese regions embracing blockchain strategically:

Yet Hainan stands out due to its national-level strategic positioning, regulatory autonomy, and integrated vision across tourism, finance, and digital infrastructure.

Keywords Identified:

As China continues to advance its digital economy agenda, Hainan’s bold experiment could serve as a blueprint for how regions can responsibly innovate at the intersection of technology and regulation. With strong government backing, clear use cases, and global outreach, "Chain on Hainan" is more than a slogan—it’s a vision taking shape.

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