The China Cyberspace Administration (CAC) announced that it has launched an initiative among 15 regions and 164 organizations by identifying various application areas to improve the use of blockchain in daily life and accelerate its innovation.
Cyberspace Administration (CAC) from the official site January 30 Notice published on E.Ministry of Education, Ministry of Industry and Information Technology, Central Bank, National Energy Administration and China Securities Regulatory Commission including by 16 government agencies jointly published. According to the statement, the initiative Wide application of blockchain technology among businesses and government entities in China aims.
Developing the blockchain in the statement between key areas manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal litigation, inspection, copyright, civil affairs, human society, education, health, trade finance, risk control management, stock market and cross-border finance is located.
Among the selected pilot regions Beijing and Shanghaias well as in southern Guangdong and Sichuan provinces Guangzhou and Chengdu over including 15 regions is located. To run blockchain pilots of hospitals and of universities Besides the SAIC-GM-Wuling Automobile Co., China National Offshore Oil Corp., Beijing Gas Group Co. and Industrial and Commercial Bank of China Ltd. including companies such as 164 establishments chosen.
The notice also states that each region’s regulatory departments to create a reliable system promoting data sharing, optimizing business processes, reducing operating costs and increasing collaboration efficiency in matters their full ownership of the blockchain role stressed the need.