An official in China sees the blockchain as a powerful weapon to win the battle against crime.
Mayor Yang Yiwne proposed this, China Hunan’s provinces’ head, who eventually are seeing a positive result in a trial blockchain project presently being conducted by the bureau and a local technology firm.
The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.
Furthermore, he has agreed to reports about the trial blockchain project currently being conducted by the bureau and a local technology firm. The initial data said that it would focus on the potential of the blockchain-powered system to hunt down illicit activities.
Getting into details, the effort combines blockchain technology with multi-party computing and big data to advance trusted data exchange and information traceability across a collaborative environment.
This enables telecommunication network operators, banks, and public data from various municipal departments, and other utilities like water and electricity, to unite.
The prototype, in the meantime, is manufactured by the tech firm, Hunan Chain City Digital Technology Co. Ltd., reported on the project’s design concept and related issues, and also showed a demonstration of the system in the prototype.
Along with big data, this can later serve as a weapon to combat crime effectively. The combo, blockchain, and big data can increase the accuracy, depth, and breadth of coordinated investigations, he said.
Furthermore, the official has sworn to seek further support for the project in the province actively, and to struggle to make the city of Loudi the sole in the country to leverage on blockchain as a crime-fighting technology.
In separate news, China’s blockchain sector has seen significant growth in 2020, despite the COVID-19 pandemic.
Statistics show that there are 84,410 registered blockchain firms, of which 29,340 are in operation. The Guangdong Province in Southeast China currently has the most number of blockchain startups, with Yunnan Province in the southwest coming in second.
As well, China’s nationwide project, the Blockchain-based Service Network, has just today launched a website aimed to attract international developers.