China Smart City Initiative Set to Integrate Blockchain ID System for Data Sharing Connectivity
The Chinese smart city initiative will integrate blockchain technology to manage identification profiles across the cities. The initiative, contextualized in 2012 and officially started construction in 2016, ranges over 500 test city projects with a 20% target of operational smart cities by 2020 in the country.
China Introduces Blockchain to Smart Cities Initiative
According to the state-owned and run news agency, Xinhua News Agency, the government is building an identification system on blockchain technology in collaboration with three institutions in Shijiazhuang, North China's Hebei Province.
One of the developers, Zhang Chao, director of the Zhongguancun Industry & Information Research Institute of Two-dimensional Code Technology, said the platform was exclusively developed for the Chinese government offering immutability and distribution of the data.
“The system will be independently distributed and managed by China, with a unified distribution rule, a resolution of distributed storage and tamper-resistant code.”
He Kejia, Vice President of the China Research Society of Urban Development, another developer, confirmed the system’s speed in sharing the code across the network by doing away with unified nodes which causes “problems of data interoperability and application incompatibility.”
China’s Focus on Blockchain
In the past few weeks, the Chinese government has come out strongly supporting the regulation and use of blockchain across its industries. The head of state, Xi Jinping’s speech on blockchain boosted appreciation in the crypto market as well as the overall stance of blockchain in the country. Barely a week passed before the people’s Bank of China (PBoC) launched the digital payment certification program of fintech products.
Notwithstanding, Guangzhou, a port city northwest of Hong Kong announced a 1 billion Yuan fund to accelerate the development of blockchain products across the city.