Chengdu, China wants to adopt blockchain for urban governance

Chengdu, China wants to adopt blockchain for urban governance
фото показано с : invezz.com

2020-10-30 13:00

China’s acceptance of blockchain has been growing rapidly, ever since its president, Xi Jinping, publicly praised it back in May 2018. Since then, the country has even developed its own digital currency, popularly called digital yuan.

In fact, when it comes to developing blockchain-based ecosystems, the country’s former vice-minister for Science and Technology, Wu Zhongze, believes that China is as advanced as Europe or the US.

Now, one of its cities plans to adopt blockchain technology for a number of different use cases.

China’s city has a plan to adopt blockchain technology

According to a recent report published by a local media outlet, the authorities of Chengdu, China aim to adopt blockchain for urban governance, smart manufacturing, international trade, and more.

The plan was published during the city’s first International Blockchain Industry Expo, known as the 2020 Chengdu Global Innovation and Entrepreneurship Fair. During the event, the Party Group of the Chengdu New Economy Committee’s secretary, Lu Tiecheng, released the Chengdu Blockchain Application Scenario Supply Action Plan.

The plan aims to allow contributors in numerous different fields to submit their own blockchain adoption applications. The fields include anything, from education and healthcare, to financial services and intellectual property.

What do the authorities wish to achieve?

The authorities’ goal is to form two or three larger blockchain cluster development areas over the following two years. The plan also sees the use of blockchain in legal compliance, noting that the government officials with to improve the process of collecting data.

They also wish to promote control, risk prevention, and management of different urban operations.

As mentioned, the officials also believe that blockchain could have some major appliances in the medical field. The secretary stressed these use cases particularly, suggesting that it could be used for electronic medical records, material verification, electronic prescription circulation, data sharing, and more.

The post Chengdu, China wants to adopt blockchain for urban governance appeared first on Invezz.

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