China identifies cities using blockchain

Blockchain based smart city identification system has been launched in China. This was reported by the Global Times, citing the Xinhua, the official news agency of the PRC government.

The new blockchain system should become part of the infrastructure of smart cities in China. The goal of the project is to establish interaction and information exchange between smart cities. It is assumed that for this each “smart” city in the country will receive a unique digital identifier. Starting November 3, any Chinese city can apply for its identifier.

The system was launched by three institutes in Shijiazhuang. As one of the developers noted, this is a completely independent project in China. The distribution and management of the smart city identification system on the blockchain will also be managed by Chinese authorities.

The construction and development of smart cities is one of the priority areas for China. According to IDC, the country’s spending on such initiatives will reach $ 38.92 billion by 2023. Half of the cost will be for energy and infrastructure projects, as well as the development of security systems and intelligent transport.

Next year, China expects to create at least a hundred “smart” cities. According to Deloitte, about five hundred pilot projects of smart cities were developed in the country last summer.

One of these cities in 2012 began to be built 150 kilometers from Beijing. We are talking about the “smart” city of Tianjin, which is jointly developed by China and Singapore. The city has an information center that allows you to monitor all processes: for example, the generation and consumption of water and energy. The city is implementing policies to reduce emissions, separate waste collection and recycling.

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At the same time, the rhetoric of the Chinese authorities regarding the blockchain is ambiguous. Previously, cryptocurrencies were repeatedly criticized in the country, and two years ago ICOs were banned. However, recently it became known about the development of the country’s own cryptocurrency – the so-called “digital yuan” and new cryptography law. Then, President Xi Jinping noted the prospects for blockchain technology and called for its development.

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