China picks cities, entities to take part in blockchain trials

China picks cities, entities to take part in blockchain trials

It is aimed at letting the technology play its role in optimising business procedures and facilitating data sharing.

BEIJING:
China picked 15 city governments and 164 other entities including companies, universities, hospitals and industry groups to carry out a trial on the application of blockchain technology.

The programme is aimed at “sufficiently letting the blockchain technology play its role in facilitating data sharing, optimising business procedures, lowering costs, improving synergy and building reliable systems,” the Cyberspace Administration said in a statement today.

The chosen cities include capital Beijing, Guangzhou in the south and Guiyang in the southwest. They will conduct the trial in a “comprehensive” manner while others will focus on specific areas such as manufacturing, energy, legal affairs, copyright, cross-border financing, education and healthcare, the authority said.

Blockchain-related infrastructure will be consolidated and deployed in a balanced way in the areas involved in the trial to form data-exchange capabilities on a large scale that meet the demand for production purposes, according to the statement.

Entities involved in the programme are encouraged to use blockchain-related hardware products and software that are “inter-operable” and “sustainable”, it added.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.