According to Beijing’s blueprint, with data sharing and exchange, electronic certificate, and certificate storage there are 140 government services applications on the blockchain that are divided into three categories.
A local report says that blockchain is a breakthrough technology that allows data sharing with electronic certifies stored on-chain, to be more efficient and improve verification efficiency and credibility.
Before this, China announced a 15-year blueprint as a part of the global technology push in the country, to set the global standards for next-gen technologies, including blockchain.
Along with this new plan, China is expected to send the last satellite to space and with that finalize a global navigation network. Also, Beijing is pushing its domestic experts and firms to become part of the global team to set standards for emerging technologies.
One sector for blockchain-based use cases involves the real estate registration system, including 11 units, from Municipal Planning to Public Security.
With the real estate registration system being blockchain-based, some departments would be able to guarantee that the electronic licenses would be credible and would allow for traceability during the process.
Also, China’s central bank has taken a big step forward in the digital yuan’s adoption with its testing of a food delivery giant called “Meituan Deanping”.