China Rolls Out Blockchain Powered Identification For Cities November 5, 2019 November 5, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 5, 2019 by Kelly Cromley

China Rolls Out Blockchain Powered Identification For Cities

China forges ahead in blockchain adoption with the launch of an independently built blockchain powered identification mechanism for cities as portion of its smart city framework.

Chinese media outlet Global Times has stated that the latest identification platform was unveiled in Shijiazhuang city by a group of three institutes.

The blockchain-powered identification system will designate a distinct, international digital ID to smart cities of China, intending to enhance the link and data distribution between these cities.

Smart cities throughout China have already started applying for individual recognition code since last Sunday.

Zhang Chao, director of the Zhongguancun Industry and Information Research Institute of Two-dimensional Code Technology, pointed out that the system was built by China, stating:

“The system will be independently distributed and managed by China, with a unified distribution rule, a resolution of distributed storage and tamper-resistant code.”

China is concentrating on smart city creation for the past few years as fresh and cumbersome problems come up because of rising urban population.

Smart cities deploy and merge a range of technologies to turn municipal operations more effective, including autonomous cars, energy saving buildings, sustainable energy and communication tools.

In July 2019, the UAE introduced its “Smart Dubai” endeavor, which intends to turn the metropolis a global leader by transforming into the “first city fully powered by blockchain by 2021,” and improve all sectors including healthcare, traffic administration, education and longevity of ecosystem.

In August, Limestone Network, a Singaporean firm, launched a fresh blockchain-powered smart city venture for the Cambodian capital, Phnom Penh.

Scheduled for finish by early 2022, the venture will encompass several associates such as financial organizations, ride-hailing apps, owners of retail brand and info analytics companies.

In the next five years, the firm intends to unveil similar smart city ventures across South East Asia by partnering with local governments.

In September, the IOTA Foundation released a 19-page research document “Towards Open & Transparent Cities,” while partnering with with Taiwan’s capital Taipei and the European Commission-backed CityxChange endeavor to further explore smart city plan.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.