distributed registry technologies in the activities of 140 public services, writes local publication BJD.

Blockchain allowed civil servants to refuse paper certificates and reduce 40% of their maintenance costs.

"This is a breakthrough in data exchange. Storing electronic certificates on the blockchain increases the reliability, efficiency and simplifies the data verification process," the Chinese government noted.
Blockchain services are divided into three categories: data exchange and transfer, their joint processing and storage of electronic licenses and certificates.

One of the services transferred to the blockchain was real estate registration. Within the system, 11 state bodies exchange information at once, including the Commission for municipal planning, the Commission for housing and rural development in cities, the tax Bureau, the public security Bureau, and others.

Recall that the need to take a leading position in the implementation of blockchain, Chinese President XI Jinping said in the fall of last year.

In June 2020, the commercial Bank China Zheshang Bank issued securities on the blockchain worth $16.9 billion, and the state-owned blockchain platform of China reported the introduction of decentralized oracles Chainlink.