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China Plans To Adopt Blockchain For Several Use-Cases In The City

Chengdu, the city in China, plans to adopt blockchain for several use-cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture.

It has been reported that during the 2020 Chengdu Global Innovation and Entrepreneurship Fair, the city’s first International Blockchain Industry Expo, Lu Tiecheng, the Secretary of the Party Group of the Chengdu New Economy Committee, released the “Chengdu Blockchain Application Scenario Supply Action Plan.”

However, according to a local media outlet, Red Star News, this plan will allow blockchain adoption applications to be submitted by contributors in a variety of fields such as education, healthcare, financial services, and intellectual property.

Authorities expect to form around “two to three” blockchain cluster development areas as part of this program over the next two years.

30 new blockchain adoption applications will be considered as part of the city's two-year plan….Read more: — webnow🌎 (@webnowcompany) October 29, 2020

Also, the plan mentioned blockchain‘s usefulness when it comes to legal compliance by stating that officials expect to strengthen data collection and to promote the “unified management, risk prevention, and control” of urban operations.

The report said that the secretary of the Party Group of the Chengdu New Economy Committee stated that blockchain could additionally be applied to the medical field, as he suggested that distributed technology could be used for electronic medical records, electronic prescription circulation, material verification, vaccine traceability, and medical data sharing purposes.

Thus, Wu Zhongze, China’s former Vice-Minister for Science and Technology, stated that there was “not much difference between where China and leading economies such as the United States and Europe” stand in terms of developing blockchain-based ecosystems.

Source: Cointelegraph



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