Blockchain-powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’

Published at: Sept. 8, 2020

Singapore-based blockchain data firm CyberVein has become one of 12 firms participating in the construction of China’s Hainan Wenchang International Aerospace City.

Construction commenced last month, with the site previously hosting a satellite launch center. Described as “China’s first aerospace cultural and tourism city,” it will be a hub for the development of aerospace products and support services intended for use in Chinese spacecraft and satellite launch missions.

The 12-million-square-meter facility will host the country’s first aerospace super-computing center, and will focus on developing 40 technological areas including big data, satellite remote sensing and high precision positioning technology.

CyberVein will work alongside major Chinese firms, including Fortune 500 company Huawei, and will leverage its blockchain, artificial intelligence and big data technologies to support the development of the city’s Smart Brain Planning and Design Institute.

According to a CyberVein release, Smart Brain is its primary project, a “data-driven governance system” based on the firm’s proprietary technology that will process real-time data to “organize urban public resources.” However, few details regarding how blockchain will be employed in developing the governance model have been made public.

The city’s development is part of a Hainan’s “Free Trade Port” development initiative, a massive infrastructure program intended to transform the island into a globally significant free-trade port by 2050. 

China has sought to team up with top distributed ledger technology teams to develop smart cities for several now, with blockchain notarization service Factom partnering with the Chinese government in 2016.

Tags
Blockchain
China
Dlt
Data
Space
Related Posts
Hong Kong exploring CBDC as part of fintech strategy
On Monday, the Hong Kong Monetary Authority (HKMA) released an official white paper exploring the potential of a retail-focused central bank digital currency (CBDC), the digital Hong Kong dollar (e-HKD). According to the document, the HKMA will seek to understand the “potential architectures and design options” from a technical and regulatory policy perspective, with the ambition of creating a dual-tier system — the first being designed for a “central bank to issue and redeem CBDC,” and the second being retail-centric for “commercial banks to distribute and circulate either rCBDC or CBDC-backed e-money.” Hong Kong debuted its investigation into CBDCs in …
Adoption / Oct. 4, 2021
Chinese Province to Use QuarkChain for Construction Resource Management
Blockchain firm QuarkChain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. QuarkChain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration for construction resource management and trading. QuarkChain stated that, while limited construction materials are mostly located in a specific area, they are widely distributed to many places, creating the need for a management system that can better supervise the development and use of those resources. EGPB will be used for tracking resources along their supply chain. The network’s node operators …
Technology / July 8, 2020
Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan
The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech. According to an announcement published on July 1, the plan seeks to “promote theoretical innovation, technological breakthroughs, [...] talent cultivation,” and “create new economic growth.” The government will provide continued financial support for the plan throughout its course. Beijing wants to host DLT unicorns The Beijing Blockchain Innovation Development Action Plan 2020–2022 outlines the city’s intent to solidify itself as a global leader in both private …
Blockchain / July 1, 2020
China Highlights Blockchain in Pandemic Preparedness Strategy
Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain technology for enhancing data sharing among medical institutions. Data sharing is key The Commission is urging local health departments to promote data sharing and collaboration between online hospitals and physical medical institutions. It says that Blockchain technology should be implemented to achieve the safe …
Technology / June 30, 2020
Chinese Stakeholders Don’t Want to Share Their Personal Data With Government Run Blockchains
Chinese local governments are facing difficulties when implementing blockchain applications due to stakeholders unwillingness to share privately owned data, according to a local report on June 10. Data is king According to the investigation, there are more than 30 related local governments procuring blockchain technology. Their aim is to leverage blockchain to build management platforms that improve local administrative and social governance capabilities. Some of these projects have been forced to shut down in under two years, according to the news due to lack of supporting data. The reason? Many stakeholders refuse to share their personal data. Zhang Desheng, a …
Blockchain / June 10, 2020