NFT Collection The Superlative Secret Society Price, Stats, and Review
Casascius bar owner gets less physical, moves BTC to wallet after 13 years
Celestia’s 26% weekly rally can continue: Will TIA surge toward $2.26?
Semler Scientific Adds $20 Million More in Bitcoin to Its Holdings
Bitcoin data points to rally to $120K after pro BTC traders abandon their bearish bets
Nasdaq-Listed Bit Digital Converts Entire Bitcoin Holdings To Ethereum Treasury
Fuggi dalle fiamme e conquista le sfide nel gioco Chicken Road!
CleanSpark mines 685 BTC in June, scales hashrate 145% YoY
Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know
Regret Not Buying XRP Under $1? Qubetics Reached $4.20 Quickly and Now Ranks Among Top Altcoins to Buy
Breaking: Solana’s Pumpfun To Launch Public Token Sale On July 12
Breaking: Solana’s Pumpfun To Launch $4B Token Sale On July 12
Polymarket under fire as whale votes distort Zelenskyy suit outcome: what’s going on?
Nakiki SE to Become First German Public Company With ‘Pure’ Bitcoin Treasury Strategy
Trustodial: An Ontological Dilemma
Long-Term Bitcoin Wallets Start Accumulating Again
Don’t Miss Out on the Best Long Term Cryptos: BDAG, Chainlink, Injective, & Celestia Are Heating Up!
Altcoin Season Brewing? Index At Levels That Historically Spark Massive Rallies
Calamos unveils ‘Protected Bitcoin’ strategy for institutional investors
Trump Threatens Tariffs on BRICS Allies Amid Push for Alternative System
Shenzhen Warns Public on Fake Stablecoin Schemes
Polymarket Faces Controversy Over A Bet On Whether Zelenskyy Will Wear A Suit
Ethereum price analysis: Harmonic pattern signals run to $3,200
Court ends Coin Center-US Treasury appeal over Tornado Cash
Bitcoin futures pivot to long positions: Is $112K the next stop?
Huawei is developing Chinese government Blockchain

Chinese technology group Huawei is developing blockchain for the Chinese government to streamline data exchange between political institutions and public authorities. Instead of many central data silos, a decentralized register is to be used with the blockchain. Huawei thus creates an infrastructure that plays into the political interests of the party leadership in the cards.
This is reported by the Chinese news magazine East Money. Initially, data will be transferred from the Beijing district to the Blockchain, and further regions will follow according to a proof of concept.
According to Zhang Xiaojun, Huawei Project Director, Blockchain aims to streamline data exchange between government agencies and institutions. In addition, the conversion and transfer of the data to a blockchain-based infrastructure resulted in high administrative costs.
More than 50 institutions in Beijing, including municipal tax authorities, health insurances and public security bureaus, will exchange information about the blockchain in the future. Instead of centralized data silos, the blockchain, as a decentralized register, enables a networked administration of databases with authorized queries and approvals. This ensures interoperability between offices and ministries.
Zhang said the directory will initially contain over 44,000 files and 8,000 responsibilities. After a proof of concept, 16 more districts and counties in China will be added to the network.
Huawei is currently in negotiations with People’s Bank of China (PBoC) to participate in the Digital Central Bank Currency (CBDC) project. The telecommunications provider develops database and network software to handle large amounts of data that the digital currency management infrastructure could deliver.
image by Shutterstock
More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com