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China networked Smart Cities Blockchain

China's cities are growing, while the infrastructure is overloaded. A new identification system aims to optimize the processes within the cities by means of a

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China networked Smart Cities Blockchain

China's cities are growing, while the infrastructure is overloaded. A new identification system aims to optimize the processes within the cities by means of a Blockchain.

By Anna Shemyakova
4. November 2019BTC $ 8,781.54 0.38%part Facebook Twitter LinkedIn xing mail

Since Sunday, the 3. November, take part in some of the cities in China on a Smart-City network. In Shijiazhuang, has developed a technology that assigns a digital identification code for a clear networking and better exchange, such as the state-run Xinhua news Agency reported. The Blockchain technology offers, thanks to their unchangeable Code.

more and more people move to cities

with the rapid growth of cities to keep up, China started already in 2012 with the development of Smart Cities. By 2020, the country plans to connect 100 cities to each other and to simplify processes within the planning, town planning, and General management. Also the increasing requirements in the medical sector, water and energy supply and transport should be better controlled. In 2016, a pilot project began, more and more cities now have identification codes, and to join the network.

Over 500 Blockchain projects starting in the current year

The measure is one of China's efforts to distinguish itself in the field of Blockchain technology. Only last month, government chief Xi Jingping spoke of the importance of the Blockchain for China's innovation power. As a result, the Bitcoin exchange rate rose temporarily to 40 percent. The President of the Communist party explained its plans to link information technologies with Artificial intelligence and the Internet of things. The government is already testing the application of technology in the Administration. In addition, six banks, including the two largest state-owned institutions, Blockchain projects presented. And the Tech giants Alibaba, Baidu or Huawei promote its Cloud solutions using the Blockchain.

Shijiazhuangs Smart City network is one of 506 Blockchain projects that started this year across the country. In addition to infrastructure projects in the urban development of the technology will come, however, in the financial sector, to simplify, among other things, international payments or to coordinate in the area of trade logistics.

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