Authorities in Chengdu, China, are planning to implement blockchain across many of the city’s utilities, including urban management, cross-border trade, smart manufacturing, and agriculture.

During the 2020 Chengdu Global Innovation and Entrepreneurship Expo, the city’s first international blockchain industry fair, Chengdu New Economy Commission Secretary Lu Taicheng presented the “Chengdu Blockchain Application Scenario Delivery Action Plan.”

According to local media outlet Red Star News, this plan will allow members to apply for blockchain accreditation in a range of areas such as education, healthcare, financial services, and intellectual property. The authorities expect that over the next two years, within the framework of this program, “two or three” directions of blockchain development will be formed.

The plan also highlights the benefits of blockchain in terms of compliance, and applicants expect them to improve data collection and improve “unified governance, risk prevention and control” of city operations.

The Chengdu New Economy Commission party secretary said blockchain could also be used in the medical field. It has been suggested that distributed technology can be used for electronic health records, electronic processing, material verification, vaccine tracking, and health data exchange.

In an interview with The Paper, Wu Zhongjie, a former deputy minister of science and technology of China, said that “there is not much difference between China and major economies such as the US and Europe” in terms of developing blockchain-based ecosystems.

Source: CoinTelegraph

LEAVE A REPLY