China continues to develop a blockchain-based identification system for cities as part of its smart city infrastructure.
On November 4, Global Times, the Chinese Daily Tabloid Newspaper, reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.
Likewise, the blockchain-based identification system will assign a unique and global digital ID to Chinese smart cities, aiming to improve the connectivity and data sharing between these cities. Smart cities across China have been able to apply for their own city identification code since November 3 (Sunday).
Zhang Chao, the Director of the Zhongguancun Industry and Information Research Institute of Two-dimensional Code Technology, said that the system was developed by China.
He added:
“The system will be independently distributed and managed by China, with a unified distribution rule, a resolution of distributed storage and tamper-resistant code.” Zhang Chao
However, China has been focused on smart city development for several years, as new and more complicated challenges arise from an increasingly urbanized population.
Smart cities employ and integrate a variety of technologies to make municipal operations more efficient, including self-driving cars, renewable energy, energy-efficient buildings, and communications systems.
In July 2019, the United Arab Emirates (UAE) unveiled its “Smart Dubai” initiative, which aims to make the metropolis a world leader by becoming the “first city fully powered by blockchain by 2021,” and enhance everything from health care and education to traffic management and environmental sustainability.
<img src="https://www.cryptonewspoint.com/wp-content/uploads/2019/11/china-flag-e1540185021191-860x430.jpg" alt="blockchain VCs china" class="wp-image-4506 lazyload" width="494" height="247" />
A month later, Limestone Network, a Singaporean startup, announced a new blockchain-based smart city project for Phnom Penh, the capital of Cambodia.
It has been analyzed that by early 2022, the project will on-board various partners such as ride-hailing apps, financial institutions, retail brand owners and data analytics firms. Over the course of the next five years, the startup intends to roll out similar smart city projects across South East Asia with the cooperation of local governments.
Thus, in September 2019, the IOTA Foundation published a 19-page study “Towards Open & Transparent Cities” which is currently collaborating with Taipei, the capital of Taiwan, and with the European Commission-sponsored CityxChange project to further study the idea of smart cities.
Source: globaltimes.cn | cointelegraph.com