February 22, 2024

China launches blockchain identification system for smart cities

China launches blockchain identification system for smart cities

China has launched a blockchain-based identification system for smart cities, aimed at improving connectivity andexchange of data between them.

Three people took part in the development of the systemInstitute from Shijiazhuang City. Zhang Chao, director of the Research Institute of Technology, one of the developers of the identification system, said the system was independently developed by China and would be distributed and managed independently by China, with uniform rules, decentralized storage and hack-resistant code.

China's first pilot project aimed atThe development of smart cities was launched back in 2012. By 2020, the government plans to build at least 100 smart cities. According to Deloitte, China has implemented about 500 smart city pilot projects to date.

The country is actively implementing blockchain technology.Chinese President Xi Jinping publicly backed the technology last month, saying the country should take a leadership role in its development. Also, China is almost “ready” to launch its national digital currency, the development of which has been ongoing over the past five years.