Chinese Authorities Leverage Blockchain in Overhauling Transport Infrastructure

April 14, 2019

A Chinese government bulletin has reported that authorities will leverage blockchain technology in upgrading the local transport infrastructure.

Recently approved plans have referenced blockchain along with other tools, including big data and Internet of Things (IoT), as having useful applications in the country’s Jiangsu Province.

One major project, known as the Implementation Plan for the Promotion of Transportation Infrastructure Development, aims to revamp both passenger and freight transport networks to enhance efficiency while reducing pollution.

The bulletin indicated that “full use” would be made of mobile Internet, IoT, cloud computing, big data, blockchain and other technologies for the purposes of promoting the improvement of traditional cargo transportation, as well as integrating various modes of transportation.

China has seen blockchain projects initiated at the state level before. They are generally accompanied by corporate initiatives, which in March involved e-commerce giant Alibaba collaborating with software provider Aerospace Information Co., Ltd. to advance the development of blockchain technology.

In March 2019, the vice president of Alibaba Group, Liu Song, revealed the company’s strategy to implement blockchain for cross-border supply chains, raising the possibility of linking the sector with local governments.

Also in March, Shenzhen, located in Guangdong Province, started implementing blockchain to issue China’s first electronic subway invoices (e-voices) for passengers in a project jointly developed by Chinese tech giant Tencent and the Shenzhen Municipal Taxation Bureau.

Studies meanwhile recently found that China received the highest number of blockchain patent approvals in the world at 790, followed by the United States at 762, South Korea at 161, and Australia at 132.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Blockchain: Fine-tuning the Music Industry
Music might be in need of another tech disruption in the form of blockchain.

July 17, 2019

Graph Blockchain Secures Contract with South Korean Transport Ministry
The pilot project is for storing traffic data on a blockchain network as part of the Smart City nati...

July 13, 2019

Hong Kong, a Great Place for Blockchain Startups
It is quite evident that Hong Kong is quite rapidly developing to be a blockchain hub in the region ...

July 12, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us