Zhengzhou: Relying on the City Brain Blockchain Platform to support the construction of various traceability platforms
Zhengzhou Municipal People's Government issued a notice on the "Action Plan for the Construction of Zhengzhou Digital Government", which mentioned: building a full-cycle traceability platform in key areas, relying on the city's brain blockchain platform to support the construction of various traceability platforms, strengthening data interconnection and sharing, building a new traceability supervision method, and gradually establishing a comprehensive, multi-level, and three-dimensional supervision system; the section on continuously improving the business environment proposes to explore and promote the "blockchain + artificial intelligence" full-process electronic commercial registration, promote intelligent approval of the entire process and chain of enterprise registration, changes, cancellations, and provide full lifecycle services for enterprise registration, changes, cancellations, etc.; the section on innovative pilot demonstration construction proposes to accelerate the layout of future industries, and proactively lay out innovative pilots such as quantum information, blockchain, and network security.
Berkshire Hathaway insurance company adopts blockchain for cross-border business
Berkshire Hathaway Insurance Company (BHSI) announced the expansion of its cross-border capabilities, including the adoption of a permissioned blockchain solution developed by ChainThat. BHSI can provide insurance services to 178 countries. BHSI uses WorldLink to improve the workflow efficiency of its cross-border business. WorldLink is currently used for 95% of its global insurance and is based on the insurance technology ChainThat's Beyond Multinational Programs platform. ChainThat estimates that costs could be reduced by 30% through the efficiency of its SaaS product.
Hong Kong Polytechnic University’s blockchain cyber-physics system received HK$3.95 million in funding
Hong Kong Polytechnic University officially announced that two of its projects have received a total of approximately HKD 17.36 million in funding from the Intelligent Transportation Fund. Among them, the digital twin-based long-span bridge health monitoring project received approximately HKD 13.4 million in funding, while the blockchain information physical system for managing urban berths received HKD 3.95 million in funding. This project uses Web 3.0 and blockchain technology to establish decentralized identities for drivers, realize intelligent access control for parking lots, and develop spatiotemporal aggregation analysis systems, using artificial intelligence technology to evaluate the supply and demand of parking spaces.
As of December 2023, there are 10,291 blockchain companies in the world, with 2,802 and 2,697 companies in China and the United States respectively.
On January 1st, it was reported that the "Blockchain White Paper (2023)" from the China Information and Communications Research Institute showed that as of December 2023, there were a total of 10,291 blockchain companies worldwide, with China and the United States leading the way with 2,802 and 2,697 companies respectively. According to research on the blockchain industry in 2023, the top 5 domestic blockchain products with high usage rates are FISCO BCOS (Jinlianmeng blockchain underlying platform), Chain Maker (Changan Chain), Ant Chain, Hyper Chain (Qulian), and Xuper Chain (Baidu Super Chain).
Pakistan launches blockchain-based KYC platform
Pakistan has adopted a blockchain-based customer identity verification (KYC) platform for its financial institutions. This move aims to enhance the security and efficiency of financial services while reducing fraud risks. Through this technology, Pakistan hopes to strengthen compliance and transparency in the financial industry, thereby promoting the healthy development of the country's financial sector. (Coingeek)
Tencent acquires blockchain-based vehicle management patent
Tencent Technology (Shenzhen) Co., Ltd. has obtained a patent for a "vehicle management method, device, terminal, and storage medium based on blockchain", with authorization announcement number CN110889520B and application date of November 2019. The patent abstract shows that this application example discloses a vehicle management method, device, terminal equipment, and storage medium based on blockchain. The method includes: the vehicle management node obtains parking information of the vehicle, obtains the corresponding vehicle information of the vehicle from the blockchain based on the hash value of the license plate in the parking information; obtains the vehicle service points within the distance threshold range of the parking lot location and pushes the vehicle service orders corresponding to the vehicle service points to the user terminal; obtains the vehicle service reservation information returned by the user terminal and the first signature information of the vehicle service reservation information by the user terminal. If the consensus node in the blockchain network reaches a consensus on the vehicle service reservation information, the service reservation block containing the vehicle service reservation information is added to the blockchain, and the parking discount information is sent to the user terminal. By using this application example, the flexibility of selecting vehicle service points can be improved, and the accuracy of recommending vehicle services can be improved.
Public blockchains' superpower: global consensus
There’s nothing new here. I’ve been talking about applications for the last couple of years, but very few care - the industry is still mostly obsessed with infra and gambling. Some people told me “next bull things will be different” - but nothing has changed; indeed, I only see a greater indulgence in infra and degeneracy as speculation has returned. I have given up on things ever changing, but I’ll keep writing occasionally, repeating myself.
Public blockchains' superpower: global consensus
There’s nothing new here. I’ve been talking about applications for the last couple of years, but very few care - the industry is still mostly obsessed with infra and gambling. Some people told me “next bull things will be different” - but nothing has changed; indeed, I only see a greater indulgence in infra and degeneracy as speculation has returned. I have given up on things ever changing, but I’ll keep writing occasionally, repeating myself.
Chief Engineer of Shanghai Economic and Information Technology Commission: Shanghai will vigorously promote enterprises to increase investment in open source in fields such as AI and blockchain
Ge Dongbo, the chief engineer of the Shanghai Economic and Information Commission, stated at the 2023 Open Source Industry Ecology Conference that Shanghai will strengthen the research and development of open source technology and innovation, vigorously promote enterprises to increase investment in open source in fields such as basic software, industrial software, information security, cloud-native, big data, artificial intelligence, blockchain, etc., cultivate a group of excellent open source projects and communities, and welcome domestic and foreign open source social organizations, open source innovative talents, and open source projects to settle in Shanghai. Shanghai will provide the best open source innovation business environment.
Blockchain-based private credit surges 55%
As interest rates continue to rise, more and more companies are turning to blockchain-based private lending when seeking financing. According to data from the RWA.xyz platform that tracks debt, active private loans through digital ledgers have grown by 55% since early 2023, reaching approximately $408 million as of November 28.It is reported that one of the main advantages of blockchain-based private lending is the potential to lower borrowing costs. Although interest rates vary depending on the specific transaction, some blockchain protocols have rates below 10%, while traditional suppliers have rates as high as double digits in the current market environment.
