The Mayor of Loudi, a city in the Chinese province of Hunan, characterized blockchain technology as a powerful “weapon” that can effectively fight crime.
The mayor held a meeting of the Loudi Municipal Public Security Office on August 10th Yang Yiwen responded to reports on the progress of an experimental blockchain project currently being carried out by the office and a local tech company.
The project combines blockchain technology with multi-party computing and big data Improve the exchange of trustworthy data and the traceability of information via a collaborative network.
This network brings together the telecommunications network operators, banks and public data from various municipal departments. like that of water and electricity.
At the meeting, Officials from the city’s public security bureau reported on the progress of the processand focuses on the potential of the blockchain system to suppress illegal activity.
The technology company, Hunan Chain City Digital Technology Co. Ltd. reported on the project design concept and related problems and also demonstrated the system in a prototype.
In response, Yang Yiwen said that Blockchain technology, along with big data, could be used as a weapon to fight crime effectively. Blockchain, along with big data, can increase the precision, depth, and breadth of coordinated research, he said.
The mayor promised to actively seek more support for the project in the province. and strive to have the city of Loudi be the first in the country to use blockchain as a crime-fighting technology.
China’s blockchain sector is booming
As Cointelegraph previously reported, China’s blockchain sector saw significant growth in 2020 despite the COVID-19 pandemic.
The new statistics show that 84,410 blockchain companies are registered, of which 29,340 are in operation. Guangdong Province in southeast China currently has the largest number of blockchain companies, and Yunnan Province in southwest China ranks second.
China’s ambitious national projectThe Blockchain Services Network launched a new English website today to attract international promoters.
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