China’s blockchain sector booms in 2020 amidst the pandemic as it continually improves on adopting blockchain on different projects in the country. A mayor in China’s Hunan province considered blockchain as a powerful weapon to crack down crime and illicit activities.
As per the information gathered by Cointelegraph about this blockchain project, the city of Loudi and its Mayor, Yang Yiwen explored the idea of integrating a blockchain-powered system on its goal to eradicate crimes in the city. Yiwen envisions Loudi to be the first city in the country to use blockchain as a crime-fighting technology.
During the Loudi’s Municipal Public Security Bureau meeting on Monday, Mayor Yiwen, together with the Municipal Public Security Bureau and The tech firm, Hunan Chain City Digital Technology Co. Ltd., addressed different sides of the project and presented the progress of the trial. The bureau gave their assessment on the potential of the project to aid them to track crimes in the city while the tech firm, focused on the project’s design concept and other related issues on the project as they provided a demonstration of the system in a prototype.
This blockchain technology project, as the Mayor puts it, can be an effective weapon to combat crime and can increase the accuracy, depth, and breadth of investigations on different networks. This project links various agencies, the likes of telecommunication network operators, banks, and public data from various municipal departments to guarantee trusted data exchange and information traceability across all networks, as it combines multi-party computing and big data with blockchain technology.
This is only one of the many reported blockchain-based projects in China as thousands of blockchain firms expand and operate in the country making it possible for more ambitious nationwide projects that may attract international developers to engage in a blockchain-powered system.