Xi Jinping – the President of China – identified many use cases that should be promoted: healthcare, loans, charity, food security, and anti-counterfeiting. He also said that the development of blockchain could help “China gain an edge in the innovative, theoretical, and industrial aspects of this growing field.”
China took a bold step a few days after the announcement. The country launched a blockchain-based smart city identification system to support the interaction between data, infrastructure, and cities. The system is developed, distributed, and managed in China. It is also based on uniform issuing rules, protection against unauthorized access, and analysis of distributed storage.
Until now, the systems were not uniform. This means that they cannot easily share data between different industries and ministries. However, the Chinese government of how blockchain technology could ease workflow in several sectors of the economy and thereby bringing economic benefits. Nevertheless, China is not the first nation that conceived the idea of putting IDs on a blockchain.
