The Application of Blockchain Technology in E-Government in China
01 Jul 2017-pp 1-4
TL;DR: It is found that blockchain technology can bring the following benefits: improvements in the quality and quantity of government services, greater transparency and accessibility of government information, and development of information-sharing across different organizations, and assistance in building an individual credit system in China.
Abstract: The purpose of this article is to discuss the application of blockchain technology in e-government, particularly in the Chinese context. Chancheng District, part of Foshan City in Guangdong Province, China, has undertaken a project called "The Comprehensive Experimental Area of Big Data in Guangdong Province" since 2016. Promoting the application of blockchain technology in e-government is an essential part of this undertaking, which is the first use of blockchain in government in China. Taking Chancheng's project as a case study, this article analyzes the framework, difficulties and challenges of applying blockchain to e-government at present, and discusses how blockchain technology can contribute to the development of e-government and public services in China. This article considers the practical realities in China and discusses the application of blockchain technology in Chinese e-government, finding that blockchain technology can bring the following benefits: (1) improvements in the quality and quantity of government services, (2) greater transparency and accessibility of government information, (3) development of information-sharing across different organizations, and (4) assistance in building an individual credit system in China. However, information security, cost and reliability are still major problems in application. Thus, establishing a general application platform of blockchain technology and developing management standards are crucial for promoting and applying blockchain in e-government. Blockchain provides an effective way of making government services more efficient, but standardizing the management system, processes and responsibility for the application is necessary for its further promotion. This article, by providing an analysis of the practice of blockchain in e-government in China, could serve as a foundation for further practical work and theoretical research in government services.
Citations
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TL;DR: A comprehensive classification of blockchain-enabled applications across diverse sectors such as supply chain, business, healthcare, IoT, privacy, and data management is presented, and key themes, trends and emerging areas for research are established.
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428 citations
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...Due to the transparency of the technology, the domains of government and business also try to apply the technology and harvest its benefits [11]–[15]....
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...The blockchain is applied in e-government scenarios [11], smart government [13], etc....
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TL;DR: The results of the analysis suggest that Blockchain technology can be used to address issues associated with information integrity in the present and near term, assuming proper security architecture and infrastructure management controls.
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The purpose of this paper is to explore the value of Blockchain technology as a solution to creating and preserving trustworthy digital records, presenting some of the limitations, risks and opportunities of the approach.
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TL;DR: This study examines current problems in the practice of equity crowdfunding in China and further explores its practical applications in equity crowdfunding with a focus on blockchain technology.
Abstract: Equity crowdfunding via the Internet is a new channel of raising money for startups. It features low barriers to entry, low cost, and high speed, and thus encourages innovation. In recent years, equity crowdfunding in China has experienced some developments. However, some problems remain unsolved in practice. Blockchain is a decentralized and distributed ledger technology to ensure data security, transparency, and integrity. Because it cannot be tampered with or forged, the technology is deemed to have great potential in the finance industry. This study examines current problems in the practice of equity crowdfunding in China. Based on the analysis of the characteristics of blockchain technology, this study further explores its practical applications in equity crowdfunding. 1) Blockchain technology may be a secure, efficient, low-cost solution for the registration of stocks and shares of a firm financed by crowdfunding; 2) Blockchain technology simplifies the transaction and transfer of crowdfunding equities, and thus facilitates their circulation; 3) Blockchain technology enables peer to peer transactions between investors and entrepreneurs, and solves the problems of regulatory compliance and security of fund management; Blockchain technology can be used to develop a voting system for crowdfunders, which enables them to be involved in corporate governance. This helps protect the rights and interests of small investors; 5) Blockchain technology helps regulators know about market conditions, and supports regulatory activities such as managing investors and fighting money laundering.
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TL;DR: This article analyzed the effect of decentralization on health outcomes in China using a panel data set with nationwide county-level fiscal data and found that more fiscally decentralized provinces have lower infant mortality rates than provinces that are the main spending authority, if certain conditions are met.
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