Description: When it comes to blockchain, China has advanced and produced some impressive digital architecture to aid in identification systems. This article looks at the latest achievements in this sphere, and what it will mean for China. Using an independently developed blockchain-based system for identification, China has continued to up the blockchain game. The country’s latest initiative will be undertaken as one of many parts of its “smart city” infrastructure.
The Global Times, the official Chinese government tabloid, recently stated that a new system using blockchain and identification was launched within the bustling city of Shijiazhuang. The Novoline online Group predicts that soon this system will appear in other cities. Mr. Zhang Chao said that the system had been developed independently by the Chinese government. He also claimed that it would be distributed and managed solely by the officials. Security measures look strong, and there is a tamper-resistant code in place. So, what exactly will the system be, and how will it fare for China?
Table of Contents
Brand New System
The new system in place will actually assign unique, global digital IDs to smart cities. This is done mainly to create improved connectivity and data sharing between different cities. Only last week, smart cities all across China could apply this new technology and gain their own city ID
code. China’s population will become ever more urbanized, creating new challenges for the Communist Party. However, China has been focusing on this technology for many years and must be prepared if things go wrong.
Smart Cities All over the World
These cities are a global phenomenon and make use of various techniques to make municipal operations a lot smoother and more efficient. Some of this technology include self-driving vehicles, renewable sources of energy, communications, and buildings that are energy efficient. Early in July, the United Arab Emirates created “Smart Dubai” — the first city in the world to be completely powered by blockchain-based technology by 2021. As you can see, not only China is harnessing the power of blockchain transformation for enhancing everything a city has, including traffic, education, healthcare, and the environment.
These new and exciting cities are highly promising and very futuristic. Many of them will rely on interactive sensors to monitor things in real-time and improve efficiency. A recent report by the International Data Corporation has revealed an enlightening statistic — people will be spending up to $30 billion on technology for smart cities by the year 2021. All sorts of visions for smart cities are in place throughout the globe. People will harness technology to produce renewable energy, handle energy-efficient systems, and make power consumption more sustainable in cities. The Situation Worldwide Of course, Google has jumped on the bandwagon, creating its own smart city in Canada. In Toronto, Google is harnessing technology and considering using a lot of its own resources to implement smart technology in Toronto. It’s a big blockchain project for them, too.
This is not a blockchain game — Toronto will be a major project for Google. The company aims to address a lot of contemporary urban issues such as congestion, inefficient services, and housing problems. As with any significant project, it isn’t free from concerns. As an example,
many people have been worried about privacy for residents in smart cities because every single aspect of people’s lives will be monitored and recorded to improve efficiency. Google has responded to this by pledging to use resident feedback for adaptation and planning. They have encouraged people to speak out about issues and work together as a community to create solutions. In spite of all this, there tends to be a lot of upset from politicians, property developers, privacy experts, technology experts, CEOs, and many others.
After the buyer had published their Smart city initiative, Singapore followed suit and announced new blockchain smart city projects. The company Limestone Network has a draft for revamping
Cambodia’s capital into a super-smart city. The project, which aims to be completed by 2020, is said to bring all sorts of impressive blockchain-based technology to the capital to improve areas such as transport, finance, and sustainability. This Singaporean company is already attempting to roll out many similar projects all around Southeast Asia with the help of local governments.
The Role of Blockchain in Smart Cities
New and up-and-coming smart city environments will need systems in order to allow different devices to monetize uncertain activities. In essence, a lot of different transactions will need to be quickly confirmed, and their authenticity stored. In this situation, blockchain can certainly help,
with ledger technologies providing a strict record of every transaction, with no possibility for error. As an example, LO3 Energy is a smart blockchain-powered meter that can monitor the distribution and usage of utilities. This technology helps to provide more conservative water usage in cities, and it can also be applied to renewable energy or combating pollution. All this can undoubtedly point to the value of blockchain within smart cities. Just think of the possibilities — there is a lot that can be improved with this kind of digital architecture.
Conclusion: China Harnessing Blockchain
All in all, it’s a pretty interesting topic! China is a huge country with a vast amount of impressive ideas. The blockchain system has now been incorporated in the cities of one of the most powerful countries in the world. What will this technology hold for the future? Only time will tell.
Will China use its technology for good, or will it be a hindrance to people? Please let us know what you think in our comments section below.
About the Author:
Thomas Glare is a writer who is interested in writing for small businesses, websites, and online publications. He has been writing on a freelance basis for many years and runs a website on blockchain news. Thomas is also currently working on his own novel about an underground group of cyberpunk activists “Book of ra online 2020”.