China's first blockchain pilot zone was launched in Hainan province on Oct 8.

10月8日，我国首个区块链试验区在海南省设立。

Based in the Hainan Resort Software Community (RSC), the zone includes a blockchain research institute, which officially opened Monday and was jointly¹ established by RSC and the University College Oxford² Blockchain Research Center at Oxford University.

试验区位于海南生态软件园，区内包括由海南生态软件园和牛津大学大学学院区块链研究中心共建的区块链研究院，该研究院于周一正式成立。

A blockchain institutional innovation center will also be launched by RSC in collaboration³ with Renmin University.

海南生态软件园还将牵手人民大学，共建区块链制度创新中心。

"The pilot zone will commit to attracting blockchain talent around the world and exploring the application of blockchain technology in areas such as cross-border trade, inclusive finance and credit rating," said Wang Jing, head of Hainan's provincial⁴ department of industry and information technology.

海南省工信厅厅长王静称：“该试验区将致力于吸引全球的区块链人才；探索区块链技术在跨境贸易、普惠金融、信用评价等领域的应用。”

She said the pilot zone would deepen cooperation with top research institutions across the globe and key players in the blockchain industry.

她表示，试验区将深化与全球顶级研究机构以及区块链产业关键参与者的合作。

The blockchain is a digital ledger⁵ system that uses sophisticated cryptographic techniques to create a permanent, unchangeable and transparent⁶ record of exchanges to trace transactions.

区块链是一种数字分类帐系统，它使用复杂的加密技术，创建永久的、不可更改的且透明的交换记录，以跟踪每笔交易。

The technology now has a wide range of applications in China, including in finance, credit reporting, smart manufacturing and supply-chain management, according to China's Ministry⁷ of Industry and Information Technology.

据中华人民共和国工业和信息化部透露，该技术目前在中国有广泛的应用，包括金融、信用报告、智能制造和供应链管理。