Huawei, the Chinese tech giant, has partnered with Beijing Municipal government to develop a blockchain-governed smart city to improve service delivery and data-sharing. This initiative comes as China intensifies its tokenomics dominance with the DC/EP set to be rolled out in major cities such as Beijing. Notably, the two entities have been working together since 2019; a recent official report on the project highlighted that it is still in trial phases.

The blockchain-based public directory by Huawei and Beijing Municipal government leverages the former’s Cloud Blockchain ecosystem for real-time data sharing and management. It will link over 50 municipal agencies and support cross-departmental communication as well. In doing so, Beijing authorities are optimistic about enhancing trust through verification as per the technical fundamentals of blockchain tech.

The project is, therefore, set to play an important role, especially within the healthcare niche where COVID-19 responsive services are dependent on communication. Other areas set to benefit are real estate transfers, appeals to city government rulings, fundamental risk assessment, and finding local parking spots hence a direct trickle-down effect to Beijing natives.

This Chinese tech conglomerate has not been short of controversy, with most of the pressure coming from the western world. Nonetheless, Huawei appears to be thriving in China’s market as well as emerging markets in African countries where it has partnered with the most significant service providers. The recent milestone in being part of Beijing’s shift towards a smart city further confirms the firm’s position as a leading tech in China despite criticism from International foes.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

231 +