Ping An Insurance's “White Paper on Smart Cities” Promotes Blockchain and AI Use

“White Paper On Smart Cities” Promotes The Integration Of Blockchain, AI, and Other Data Technology For Largest Insurance Group in China

On August 21nd, Pin An Insurance of China released an article that described their support for technologies that could help them to better serve their customers. The article, titled “White Paper on Smart Cities,” specifically discussed blockchain, artificial intelligence, big data, and cloud computing technology. The article was announced by People’s Daily on August 22nd.

Ping An Insurance is presently one of the biggest insurance company groups that the world has ever seen, and they provide their customers with insurance, banking, and other financial services. In fact, their performance with customers has earned them a strong place in the world as the third-most valuable company for financial services, based on their performance since May 2018.

In the report from People’s Daily, they found that the goal of this white paper and their new plan is to

“help the government to create a new model of ‘city as a service’ governance,” as well as to “propose a comprehensive, systematic, highly-recognized methodology and solution, with ‘wisdom, [and intelligence]” as the main line of thinking.

Upon reading the document from Ping An Insurance, it also says, “In promoting the development of “smart city”, Ping An puts forward the system of [intelligence] in the perspective of service and creativity and promotes it with practice. At present, Ping An has mastered a large number of core professional technologies and is more confident in this field. Ping An's five core technologies: biometrics, big data, artificial intelligence, blockchain and cloud platforms have reached the global leading level.”

Right now, China is leading the world in innovative technology, and it continues to implement new opportunities for the community to move forward. Blockchain technology, artificial intelligence, and Internet of Things (IoT) are all major components of the “smart cities” that China is working to develop. Presently, the goal is to develop and institute at least 1,000 of them.

The country has already established several of these cities, like Xiong’an. Xiong’an was classified as a special economic zone last year in a declaration from President Xi Jinping. To help the government further develop their blockchain solutions, ConsenSys signed a memorandum of understanding (MoU) with them as they create additional software.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,486FansLike
2,795FollowersFollow
4,268FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Giving Strong Bullish Signals, Markets to Roar Higher into Next Year

Today, Bitcoin is on the move, aiming for $11,000, currently trading around $10,915. Adding to this bullishness is all the dry powder. $20 billion worth...

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC

On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept....

“Nothing Compares to My Bitcoin Bet,” Says Social Capital CEO Chamath Palihapitiya

Bitcoin was the best performing asset of the last decade, and in 2020, it remains a winner again. Compared to the S&P 500 hitting a...

The XRP Ledger Foundation Launches To Accelerate XRPL Adoption And Development

The XRP Ledger Foundation, a non-profit, announced its official launch on September 24. The Ledger Foundation would be responsible for supporting the development as...

Bitcoin Trading Like a ‘High Beta' But Social Sentiment Remains Subdued

After a somber start of the week, Bitcoin is all set to end it on a higher note. In the late hours of Thursday, the...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today