The "China (Hebei) Free Trade Pilot Zone Management Measures" was promulgated to promote big data trusted transactions based on blockchain and other technologies.

The Measures for the Administration of China (Hebei) Free Trade Pilot Zone was approved by the 65th executive meeting of the provincial government on October 10, 2019 and has been published. Among them, Article 33 of the “Administrative Measures on the China (Hebei) Free Trade Pilot Zone” supports the data asset transactions in the Xiong’an area. Promote public data utilization reform pilots, establish a policy system for big data asset valuation pricing, trading rules, standard contracts, etc., rely on existing trading venues to conduct data asset transactions, and promote technologies based on blockchain and electronic identity (eID) authentication. Big data trusted transactions, support for data asset management, security, data transactions, settlement, delivery and financing.