China Officially Added Blockchain Technology in their Five Year Plan!

Published by

Alice Jenifferze activities: Digital Marketer

Mar 30, 2021

For the first time, the words blockchain and digital currency have been officially written into China’s blueprint for the next half decade. The National People’s Congress published the 14th five-year plan — a guiding document for the country’s future social development and economic growth — after the curtain dropped this month on Lianghui, or “two sessions,” the most important parliamentary meetings in China.

Improving the development of digital government is a core goal in the 14th five-year plan. China aims to build smart cities and establish national public-data resource systems, ensuring the security of public data and at the same time enabling the sharing of data across governmental departments, management levels and regions.

According to the annual report, about 60 blockchain-based governmental affairs applications have been put into use in 2020, including judicial, administrative-approval and electronic-license services.

Beijing is leading the way in applying blockchain technology to governmental affairs. In July 2020, Beijing’s local government published a 145-page blueprint of blockchain-based innovations and applications in governmental affairs. By the end of that year, Beijing had 12 blockchain-based governmental affairs projects and about 140 applicable scenarios. One example is the blockchain-based government service terminal located in Haidian district. It is the first of its kind in the nation that combines different governmental services into one machine, including the capability to renew passports, register nurse-practitioners, and license the operations of a business.

“Blockchain technology has gradually entered the attention scope of governments,” wrote the authors of the annual report. “The directions involved in the global blockchain government projects that have been, or are being implemented, include digital identification, electronic administration, judicial depositing, administrative examination and approval and other directions.”

Source: https://forkast.news/

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Articles authored by Alice Jenifferze

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