Chinese experts have proposed to introduce blockchain in the social credit system

A seminar was held in Beijing last week where technical experts discussed how blockchain technology could improve the social credit system.

The event was attended by more than 20 representatives of Chinese and foreign universities, research institutes and enterprises.Experts have come to the conclusion that at present, blockchain and artificial intelligenceare the key technologies of the new scientific and technological revolution and the transformation of industry into the so-called Industry 4.0.

However, the main theme of thewas the application of innovation in the social systemloan launched in 2018 at the national level. Since it provides for the widespread monitoring of citizens using cameras and the subsequent assessment of their behavior, one of the key factors is the guarantee of stable operation.

Therefore, Chinese experts have proposed using the advantages of blockchain, such as transparency, immutability, and reliability, to protect data fromAccording to the participants of the seminar, cryptography will helpto build a more effective system of social credit for all segments of the population.

After the Chinese president spoke in support of blockchain technology, developments in this direction have intensified in the country, primarily in the field of finance.

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