Blockchain, Crypto Tech

Shanxi Province Construction Resource Management to joint venture with Blockchain QuarkChain

Blockchain Quarkchain has announced partnerships with environmental departments in Shanxi Province, northeast China. Quarkchain and Shanxi Province will jointly develop a blockchain environmental management platform (EGPB). This platform is used by local governments to manage and trade construction resources.

According to Quarkchain, limited building materials are mostly located in certain areas, but are widespread in many places, so a management system is needed to better control the development and use of these resources.

EGPB is used to track resources along its supply chain. The network node will be responsible for market surveillance.

Vertical operators include major players in the fields of sand mining, transportation, trade, and other insiders in the industry. Government departments will also exchange information and control the exploitation and transportation of resources.

A Shanxi spokesman said, “Currently, QuarkChain’s EGPB solution has already been officially put into some pilot areas. Next step, it will be expanded to more cities and more types of resources.” EGPB aims to provide a planned system that uses an enhanced blockchain to ensure scalability and enable network adjustments.

According to Qi Zhou, Quarkchain’s CEO, told Cointelegraph: “The reason why we stood out from many advanced blockchain technology suppliers is firstly due to our solution’s flexibility. QuarkChain’s heterogeneous multi-chain technology, also known as heterogeneous sharding, allows multiple chains on one system, and each chain can be different.”

Blockchain technology is used extensively throughout the world to track supply chains. Tracking data that cannot be changed makes it difficult to inject fake products or steal goods. Earlier this month, a report revealed that the Afghan Ministry of Health and several local pharmaceutical companies used the blockchain to fight counterfeit medicines. A recent report also estimates that $ 300 billion of food will be in the chain by 2027.

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