As per the recent report, the provincial government of Anhui, China is stepping up the game of blockchain technology. The agency is looking to adopt blockchain technology across governmental service centers.
The report was published by Xinhua News Agency, Anhui and states that the new move is intended to optimize the business environment within the province. It was reported that emerging technologies including blockchain and artificial intelligence will be considered as the key solution to offer governmental services on a 24/7 basis.
"China is enthralling its pace towards the peaking point of blockchain technology. Notably, this comes in the wake of the country’s president Xi Jinping’s speech on emphasizing China to be a world leader in the blockchain spectrum. As for the recent report, the move is to digitize Anhui’s governance infrastructure which promotes a disciplined and transparent approach to the collection and sharing of government data and resources. "
The "Measures" have promoted our province's relevant policies and practices to optimize the business environment to the rules and regulations, make it further systematic and standardized, strengthen the authority and legal binding force, and specifically address the existing problems in the actual work of optimizing the business environment, reads the report.
Besides, it was also announced that the Anhui’s Securities Regulatory Commission is working to raise the awareness against financial scams. The motive, however, is to crack down on the illegal blockchain and cryptocurrency initiatives. Similarly in December last year, the central government of the country released a set of guidelines, urging the region to double down on emerging technologies including cloud computing, artificial intelligence and blockchain technology. Anhui is certainly following the central government guidelines.
In a nutshell, Anhui’s partaking in blockchain technology is remarkable. In mid-December, 2019, the Anhui Tea Industry Association reportedly partnered with the blockchain technology platform, VeChain. With the partnership in place, around 670 Chinese companies from the tea industry could use the VeChain Thor blockchain.