Blockchain Sharing Platform For Real Estate Data Launched By Chinese City Of Loudi

Blockchain, News | November 14, 2018 By:

Loudi, a city in China’s Hunan province, has created a blockchain information sharing platform to simplify the process of real estate registration.

The Loudi City Real Estate Blockchain Information Sharing Platform will allow citizens to avoid queues and other bureaucratic processes when submitting documents to the city’s land, tax and real estate departments. The platform will officially be launched on November 15.

“The online launch of the sharing platform is conducive to optimizing the government process and simplifying the process of the masses.” Chen Hao, deputy mayor of Loudi City. “The sharing platform will improve the level of managing government and real estate data.”

The sharing platform is developed by the Hunan Smart Government Blockchain Technology Co., a high-tech enterprise jointly established by Beijing Golden Stock Chain Technology Co., Loudi state-owned Capital Investment and Operation Co., and Loudi Wanbao New District Development and Investment Co. It is the city’s first blockchain implementation in the field of government service.

China, in general, sees blockchain as an active area of innovation and expects public blockchains and decentralized applications to become significant parts of the future economy. Local governments of Shanghai, Shanxi, Henan, Guangzhou, Guiyang and Hangzhou have all issued policies to encourage blockchain development.