Chinese Communist Party Targets Blockchain Technology to “Decentralize” Social Services

The Chinese Communist Party recognized blockchain technology as a key tool for innovating social services at the national level.

On August 25, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council has issued a comprehensive policy document that provides regional departments with guidelines for reforming and improving the Chinese welfare system.

The document reflects an infamous “person-centered approach”. in the spirit of the 19th National Congress with a comprehensive strategy for the provision of protection and basic social services, emergency aid and the distribution of resources.

Chinese Communist Party Targets Blockchain Technology to “Decentralize” Social Services
Chinese Communist Party Targets Blockchain Technology to “Decentralize” Social Services

The key to that vision is the role of modern technologies and digitization, that the party covers the entire document and analyzes it in a section dealing with decentralization reforms.

This section is intended for government officials, corporations, institutions, mass-rooted organizations, and social organizations. They are asked to inform the national officials if they encounter any obstacles in helping and assisting their local communities at the most basic levels.

For this to work The Communist Party notes that it is gradually working to establish connectivity at the national level and digitize social security systems. His strategic vision is to use blockchain technology, artificial intelligence, big data and 5G for social support.

The party plans to build on a national data exchange system to improve database and information management for social assistance carried out by government departments and other regional organizations.

Blockchain technology and other innovations are proving to be consistent cornerstones of Chinese state policy.

Cointelegraph reported this just yesterday Huawei and the Beijing city government have jointly developed a blockchain directory to be used by the city government.

The municipal administration of Beijing is waiting that ordinary people will be the direct beneficiaries of this new infrastructure, this integrates the blockchain technology in a strategic framework of a “Smart City”.

At the same time, developers are working on China’s nationwide blockchain project. The Blockchain Services Network this week confirmed its plans to integrate stablecoins as a means of payment for services into the company’s blockchain ecosystem.

The tests of People’s Bank of China the next digital currency were made with small retail stores in Beijing, as well as in the provinces of Tianjin and Hebei.

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