China stepping up the application of blockchain technology to governance and government services
Beijing recently issued its “Three Year Blockchain Development Action Plan” for the period from 2020 to 2022, joining the ranks of other local governments in China that have released similar policies including Hunan, Changsha, Guangzhou and Ningbo.
The move comes just following the release of a research report on “Blockchain Driving Chinese Smart Government Services Growth to Enter the Fast Lane” by the Smart City Development Research Centre of China’s State Information Centre (SIC).
The report points out that government services in China are “at the forefront globally” in terms of online availability and administrative data collection, but that the full potential of these resources has yet to be employed due to issues including “data islands,” the fragmentation of administrative data and lack of connecting information infrastructure.
Dan Zhiguang, chair of the Smart City Development Research Centre, said to Xinhua that “blockchain technology will create a profound change in traditional productive relationships, as well as pose new challenges for the state administrative system and administrative capability.
“The birth of blockchain technology will make possible new models for government administration in the era of the Digital Economy and the establishment of a fully modernised administrative system, as well as upgrades in modern administrative capability, helping the development of Chinese smart governance to enter the fast lane.”
According to the SIC report China’s e-government market first began to see surging growth in 2008, and has since maintained annual expansion of over 10%.
In 2018 China’s e-government services market exceeded 300 billion yuan, while it is forecast to see annual growth of around 13% for the next five years.
Huobi China CEO Yuan Yuming said that blockchain technology will permit the connection of “data islands” in government affairs by means of distributed ledger coordination, personal identity verification, traceability and tamper prevention.
The technology will also permit data tracking, clarification of rights and responsibilities, and full-life-cycle management of government data.
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