Blockchain, News & Updates

Beijing’s Gov’t Blockchain Platform by Huawei

Huawei, a Chinese tech company, has put up a blockchain-based platform for Beijing’s government to monitor and supervise their citizen’s information in everything ranging from vehicle parking status and medical records to property registration.

According to a report, the company’s cloud services branch has allowed the project with blockchain technology naming distributed ledgers and smart contracts.

The government’s project is part of China’s “New Infrastructure Initiative” to convert digital domination with blockchain so that data can be indisputable and shared amid different government agencies. This also aims to influence the blockchain platform to make data available among several 50 agencies within the city.

This new platform will help the government rationalize the method for people to register their real estate properties, find the right parking spots for local citizens, and most especially monitor coronavirus circumstances in real-time.

However, Huawei has faced a political conflict and hefty inspection from the people on the west side of the world. In 2019, the United States banned Huawei’s most important semiconductor contractors from exporting materials to the company. And in that same year, for national security reasons, the US and UK both simultaneously forbade resident telecom companies from using Huawei’s 5G devices and technology.

This bold move reflects the Chinese central government’s shift towards enhancing the demand for emerging technology and services as the global market deteriorates while technology and nationalism arise.

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