#DLT Registration Online

[smsgatewayhub]

DLT Registration Mandatory for SMS Services in India

Distributed Ledger Technology (DLT) is a block-chain based registration system. According to TRAI (Telecom Regulatory Authority of India), telemarketers have to be registered in the DLT platform. Free DLT Registration offer for more detail call : 9907922122 or visit www.smsgatewayhub.com

[shreetripada]

How Can Bulk SMS Services Increase Your Business Revenue?

With the help of Bulk SMS, you can reach an infinite number of target groups at once and interact with your customers in a more efficient and personalized manner.

What is Bulk SMS Marketing? How Can This Help Your Company?

The bulk SMS service is very simple to use because you can send information about your product to any contacts you may have of customers or visitors. It has a high conversion rate because people who know you well will be more likely to trust you and make a purchase if you deliver quality services.

It's time to show off if you want to stand out in the online market. However, don't forget to guide them through the process and address any questions or doubts from clients. If you don't, your competitors' products will appear more appealing than yours.

Every city, state, and nation can receive bulk SMS services from our organization, Shree Tripada. The primary benefit is that he is always available to respond to your inquiries. Since achieving client satisfaction is essential to always pushing oneself to new heights, our mission is to ensure that our relationships with clients are straightforward and honest.

If you have set your mind to start this new trending and effective bulk SMS marketing strategy, then look no further as, Shree Tripada Infomedia is the most trusted bulk SMS service provider since 12+ years of expertise.

Why to Choose Shree Tripada?

Shree Tripada provides bulk SMS software that aids in OTP security for account login and ensures 100% data privacy. We can send out more than 20 crore SMS messages every month. With more than 12+ years of experience in the bulk SMS sector, we are better able to understand the demands of our clients.

Our Services:

Shree Tripada Infomedia offers an extensive array of reasonably priced bulk SMS services that are customized to meet the unique requirements of Pune-based businesses. Among their offerings are:

1. Promotional SMS: Shree Tripada Infomedia uses customized promotional SMS campaigns to assist businesses advertise their goods, services, deals, and discounts. Businesses may effectively increase customer engagement and drive sales thanks to their proficiency in creating appealing marketing messages and their capacity to reach a wide audience.

Related Article: Top 10 Bulk SMS Marketing Trends for 2023 - Bulk SMS Solution

2. Transactional SMS: The company provides transactional SMS services that let companies notify, alert, and provide vital information to their clientele. Shree Tripada Infomedia makes sure that transactional messages are delivered promptly and reliably, whether they are order confirmations, appointment reminders, or critical updates.

3. OTP Bulk SMS: Use an OTP bulk SMS service from a reputable supplier to safeguard your online transactions. For your company, get dependable and affordable OTP SMS solutions. Reach out to us right now!

What do you get after partnering with Shree Tripada?

Shree Tripada provides advanced technology and quick communication solutions to help you engage with your most important clients and broaden the reach of your marketing initiatives.

Live Reports

Unicode & Schedule

24*7 FREE DLT Support

Own Infrastructure

2-3 Sec Delivery

Premium Gateways

100% Server Uptime & Robust API

Platinum Telecom Partner

It's time to upgrade your business with the most trending and effective bulk SMS marketing. Shree Tripada is a dependable resource for the best bulk SMS gateway and a safe way to send SMS messages. We provide a wide range of SMS communication tools in addition to affordable bulk SMS services, allowing our users to receive all the SMS solutions they require in one location.

Must Read:

Importance of Transactional SMS in Every BusinessWhat is DLT Registration and How to register on DLT platform

[ivrguru]

IVR GURU helps your business to grow through the best IVR service provider in India at an affordable price. For a free demo call us at +91-9015350505

Learn More - https://www.ivrguru.com

#ivrguru #tollfreenumber #freetrail #missedcallservice #tollfreeservices #ivrserviceprovider #bulksms #outboundcalling

[bulksmsraipur]

[smsidea]

[alexiarhiya]

Review Of Ninjacoin- Services That Ensure Complete Transparency And Traceability Of Collectibles

People are looking for an authentic investment platform in this fast-growing Decentralized Finance (DeFi)era. NinjaCoin is not only a safe cryptocurrency, but it also has the best-earning potential. As a result, users will be able to spend without risking their portfolio, grow alongside the platform, and participate in decision-making. Every transaction, purchase, and online expenditure made on this platform helps to expand the ecosystem.

About NinjaCoin

All of your NINJA transactions are unlinkable because NinjaCoin transactions are untraceable, completely anonymous, and encrypted information flows on a decentralized P2P network. It's a decentralized peer-to-peer exchange network and medium with no centralized management or issuer, ensuring privacy and anonymity of activities without the involvement of intermediaries or regulators. The information and exchange units of NinjaCoin are cryptographically secured (encrypted). They are protected from copying and counterfeiting by blockchain technology. NinjaCoin’s main goal is to offer a simple way to exchange money at a very low cost. They will achieve this goal through the technical development, deployment, and marketing of NinjaCoin.

Let me explain Blockchain technology to you if you are not unfamiliar with it.

Ninja in Blockchain Technology

Blockchain is referred to as Distributed ledger technology (DLT) which makes the history associated with any digital resource unalterable and clear through the use of decentralization and cryptographic hashing. An easy analogy for understanding blockchain technologies is actually a Google Doc. Once we create a new document and share it with a group of people, the document will be distributed instead of duplicated or transferred. This creates a decentralized distribution chain that will give everyone accessibility to the document at the exact same time. No one is locked out there awaiting changes through another party, while all modifications to the doc are usually being recorded within real-time, making adjustments completely transparent.

Problems faced without Ninja

When relating to companies (producers) and Consumers (end users) relationships, the end-users hardly feel like they belong, as a result of their loyalty not being rewarded and most often are not considered during decision making.

● In the event that the blockchain that has a DeFi project is flimsy, the undertaking unexpectedly acquires this unsteadiness from the host blockchain.

● Exchange is amazingly costly on the occasion of blockage.

● Savvy contract weakness is a significant cause of issues for some DeFi projects. In the event that there is the smallest defect in the code of a savvy contract, it can prompt loss of assets.

● Transactions take a long time to be confirmed

Solutions with Ninjacoin

Fast Transactions

Ninjacoin is creating blocks every 30 seconds, as opposed to every 10 minutes. Your money travels 20x faster on Ninjacoin than on Bitcoin or BitcoinCash.

Privacy

Ninjacoin has the same privacy features you'll find in Monero. Every transaction is private, by default.

Easy To Mine

Ninjacoin can be easily mined from your computer, it can also be mined by smartphones. They recommend NinjaMiner or NinjaRig Miner for PC and Webminer for Smartphone.

If you're interested in investing but can't discover any trustworthy options, consider Ninjacoin. I've had a great experience with them. Ninjacoin has created a decentralized digital one-stop-shop marketplace economy powered by blockchain and cryptocurrency that is functional and efficient. So join this platform and enjoy your crypto journey.

Visit to know more :

Website: https://ninjacoin.org

GitHub: https://github.com/NinjaCoin-Master

Twitter: https://twitter.com/ninjacoin_org

Facebook: https://www.facebook.com/Ninjacoin

Instagram: https://www.instagram.com/ninjacoin

Discord: https://discord.com/invite/KKPRwJ4

Telegram: https://t.me/ninjacoin_org

ANN: https://bitcointalk.org/index.php?topic=5137001.0

Author By:

Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5341266.msg57327451#msg57327451

BitcoinTalk username : alexiarhiya

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1607501

NINJA Wallet address: Ninja137GLSU16djRzYBMLZbTSevZWzs38PHAP15XU8S5f5ryj6tG6a2FKd4uWhBsd84c2Ydjnfe6g5eAMS2cZpK7XbPNv7ErGo1W

[jamesmordy-blog]

Real World Applications and The Future of Blockchain Technology for 2020

Blockchain is a type of distributed ledger technology (DLT) that has the potential to eliminate huge amounts of record-keeping and streamline supply chains. Blockchain - a shared database filled with entries that must be confirmed and encrypted - refers to the ‘blocks’(container data structure) that gets added to the chain of transaction records. Top blockchain technology companies provide customized solutions in every facet of the blockchain technology like smart contracts, stablecoins, public and private blockchain, etc. for their clients. For being more than just bitcoin, blockchain has garnered a significant amount of digital ink in recent years and has been making its way to the core of multiple industries.

Real-World Applications of Blockchain Technology Across the Industries

Various vertical industries are exploring, as well as implementing the innovative real-world applications of blockchain technology. Here are some of the important blockchain applications that demonstrate substance beyond the hype.

1)    Payment Processing Services

The most logical use of blockchain is - expansion of payment options outside of traditional means, such as credit cards and wire transfers. Thus, it eliminates the need for banks for the funds' transaction between two parties. Most transactions processed over a blockchain can be settled within no time, as the services are available 24 hours a day, seven days a week.

2)    Supply Chains Monitoring

Many challenges of the supply chain industry, including complicated record-keeping and tracking of products, can be tackled by using blockchain. The adoption of blockchain technology ensures the reduction of fraud and errors, improvement in inventory management, reduction in courier costs as well as delays from paperwork, faster identification of the issues, and establishment of consumer and partner trust.

3)    Digital Voting

Blockchain has the power to change the future of voting in elections by introducing digital voting, that is more secure, easier, and will allow for more people to perform their primary civic duty. Voters' identity and political preferences are concealed when submitting their votes. As blockchain can store votes in an immutable and tamper-proof way, officials can count votes with absolute certainty.

4)    Property Registration and Land Record Management

Often paper trails are a source of confusion and blockchain helps take paper out of the equation. Instead of handling the transfer of a title with papers while buying or selling a house, land or car, blockchain stores titles on its network. This allows for a transparent view of transfer and presents a clear picture of legal ownership. Blockchain improves trust and transparency, reduces siloed databases, and limits the use of intermediaries from brokers to escrow companies.

5)    Medical Record Management

Blockchain is revolutionizing the healthcare industry worldwide by tracking pharmaceuticals, decentralizing patient health history, and improving payment options. Patient data management takes a significant amount of time and might involve issues arising from human error. Blockchain offers safety and convenience while managing the patient’s digital record.

6)    Food Safety

The global food chain is complex as it involves farmers, warehousing, shipping companies, distributors, and grocers and hence different record-keeping methods, which cannot be much precise or efficient. With food, many things can go seriously wrong. According to the CDC, every year, there are 28,000 hospitalizations, and 3,000 deaths and 48M Americans fall ill because of foodborne contamination. Blockchain allows food companies to quickly trace outbreaks back to specific sources and recall the impacted products, resulting in increased consumer safety and reduced financial losses.

7)    Copyright and Royalty Protection

In a world with growing internet access, copyright and ownership laws on online content such as music, videos, blogs, are must to have. Blockchain technology can secure these laws. Real-time royalty payments can be introduced with blockchain to allow fair compensation to artists from each stream of their music. Without it, they would have to wait for an uncertain duration to get remuneration. In the music industry, the problem of poor access to information about music rights can also be solved with the increased transparency provided by the blockchain.

8)    Weapons Tracking

The procurement and sale of illegal arms happen at various locations across the world. A global immutable database created by blockchain technology can help fight against illegal trading of arms. With blockchain, any firearm can be tracked from the time of its inception. Thus, the federal government and law enforcement can track weapon ownership and also keep a record of weapons sold privately.

Future of Blockchain

Mckinsey explained in a report titled “Blockchain’s Occam Problem,” that, like many other emerging technologies, blockchain too has received its fair share of acknowledgment and challenges. The company states that industries from financial services to healthcare and the arts have recognized more than 100 blockchain use cases, ranging from new land registries to smart contracts. The reason behind this is the recognition of the potential of blockchain when it comes to accountability and transparency by the industries, regulators, and financial technologists.

According to Mckinsey, while going forward,  blockchain’s practical value is mainly located in three specific areas, which :

1)     Niche Applications - Its specific use cases are found in insurance, supply chains, and capital markets, where distributed ledgers can address pain points such as inefficiency, fraud, and process opacity.

2)     Modernization value - Applications trade finance, global shipping contracts, and payment processing used by industries inclined towards modernization to pursue digitization, process simplification, and collaboration.

3)     Reputational value - blockchains focused on IoT networking, customer loyalty, and voting fall into this category. Here, companies with little or no intention of creating a commercial-scale application pursue blockchain pilots for reputational value.

 Though there are some technical impediments and challenges in respect of governance, there have been some promising advances in use cases, particularly in industries other than the financial sector. The latest experiments in identity management, supply chains, and the sharing of public records have been positive. Blockchain - being transparent, trustworthy, and immutable,  has the potential to redefine several aspects of our financial lives in the future.

Conclusion

Blockchain has the potential to revolutionize business processes in industries from banking to healthcare. According to Deloitte’s Global Blockchain Survey, 50% of the organizations recognize that blockchain is a critical factor. Though this technology faces structural challenges and has not yet seen a significant application at scale, it is capable of delivering more refined and mature solutions.

Visit GoodFirms.co to explore various companies providing blockchain services that are thoroughly studied and ranked based on their overall performance, to help you select the most suitable firm that meets your requirement.

[shreetripada]

How to Choose India’s Best OTP SMS  Service Provider?

An SMS OTP transmits a numerical code to a mobile phone number as an additional security measure as part of a secure authorization procedure. Learn more about the ranchi otp sms service.

Many sectors use comprehensive OTP SMS services, including banks, financial institutions, eCommerce portals, other industry websites, and other associated organisations. Its usage is primarily done to uphold higher security standards and offer another layer of security to digital transactions.

For tasks like password updates, registration, and other online processes, businesses rely on OTP SMS services. OTP is useful for a variety of transactional operations, including the alternative technique of creating a company safely and enabling operational work with complete security.

What is the purpose of a One-Time Password in an OTP SMS service?

A one-time password can be used to safeguard one-time transactions or one-time access to an application (OTP). For a single transaction, user-generated passwords are less trustworthy and authentic than an OTP. The OTP is about to expire.

How can I submit my phone number for SMS verification?

Verify Truecaller's Verification: In India, the spam-detection system of Truecaller is used by 100 million people. Make sure your SMS verification number can be verified by Truecaller.

Keep delivery expenses in mind: Your clients must always be able to transact with you securely or prove their identity. Select an otp sms service provider that delivers outstanding delivery, scalability, and uptime.

Decide on compatibility To ensure OTP delivery, choose an SMS verification number that complies with DLT and TRAI regulations.

Why Choose us?

Shree Tripada is India's one of the most trusted Bulk SMS Service Provider for national and international Bulk SMS requisites.

[digitallyseo]

Transactional SMS | Transactional SMS Gateway | Transactional SMS Service

DLT, that stands for Distributors ledger technology.

If you have had any Bulk SMS sending requirement from a while then you must have heard about the DLT registration.

For the past month, this name has been quite in the air. Certainly, the business and assets have got worried about this new bulk SMS marketing rule that came into action. Don’t put yourself in any kind of Dilemma, we are here to resolve all your queries.

  Mobishastra

For all your unanswered and unresolved queries, we are here to provide the full guidelines regarding SMS marketing following the new rule implemented by TRAI. From the process of registration to verification of the content.

The buzz started when TRAI (Telecom regulatory authority of India) brought up the new rule related to the bulk SMS services. Although, the rule was invoked in 2018 but implemented from 1st of June, 2020.

According to the new rule any bulk SMSs you send across to your customers for SMS marketing via bulk SMS service providers (Mobishastra) with the specific sender Id, user needs to get that Sender ID & the content approved on DLT platform. The user or the entity and the bulk SMS provider who is sending the messages also needs to get their KYC done and then register with their telecom operators.  

 What is DLT & why the rule has been implemented?

DLT is a digital platform that helps keep the record for the sequence of information exchange of the assets, here the transaction records are saved at different platforms & multiple digital channels wherein, the sharing of information entered in the panel will be managed through blockchain technology. Here, the details will be shared on the panel and the entities on the panel will be interconnected with each other.

Earlier the sending of bulk SMS or doing SMS marketing was easy as the access for sender ID approval was granted to the telemarketing or SMS marketing companies, from where you have bought the messages or taken the bulk SMS marketing service and the telemarketers  were directly connected to the telecom operators that provided the access to send messages, through the operator the SMS traffic was directly sent to the customers.

The problem with this was many fake and spam messages were being sent to the customers and the sender was unable to be tracked as there were no track records, with the blockchain technologies the informative transaction will be shared to every assets and entities of the panel and we will be able to track the records. The reason for implementing the rule for DLT registration was to decrease the spam message spread in the market and eradicate the threat of cheating and scamming.

With the registered sender ID there will be few protocols following that one sender ID couldn’t be used by the other user. A specific Sender ID will be generated for every individual user while registering on DLT.

  Impact of TRAI’s New Rule for Bulk SMS Marketing

Many users and SMS companies are in a dilemma right now, is this going to affect the SMS marketing business? But, the answer is a big ‘NO’.

Every new changes and rules seem as a threat before implementation but, this will be for the long-term benefits of the bulk SMS services. Perhaps the charges have increased but this will change the stereotype for SMS marketing forever. This will give a space for the SMS campaigning and customer reliance.

The SMS marketing companies will have a slight increase of 2.5 paisa in the charges payable to the telecom operators. For a custom sender ID, the user entity will have to register for 5900 INR with a validation of one year, resulting into a fake free SMS campaign and distant from any legit.

  Benefits of the New rule for SMS marketing.

With this new implementation to the Bulk SMS marketing, SMS will be fraudulent free and bring transparency in the unorganized SMS industry. For the companies and firms, it will be very beneficial as the registration process will eliminate the unrecognized and counterfeited competition from the market and will create a huge space in the world of promotional SMS marketing by decreasing the competition in the market.  

The fake free commercial services will increase the customers’ reliability and trust over the entities and specify the brand in the market. Your Data transaction will be shared to all the participants of the panel that will keep a backup for you in case you lose the information.

  User Guidelines following the protocol;

·         As per the new protocol the sender ID will no longer be approved by the telemarketer, in spite the sender ID will be approved by the ‘Telecom Operators’ directly. One sender ID will be used by a single entity and not by the others. That means the accountability for any kind of irregularity or any consequences will be faced by the user.

·         The new rule will enhance the data security and will remove fraudulence through SMS completely, as the data transaction will be shared through multiple channels to the participant entities on the panel. This will help keep the track of the SMS sender.

·         You can only send a message to the end customers via any bulk SMS service provider only when your sender ID is approved by the telecom operators on DLT platforms.

·         You can register on the DLT platforms by visiting different telecom operators’ sites,while registering you will be asked for the credentials for the verification and KYC for your custom Sender Id of the company.

·         You will have to do the sender Id registration once every year and you will be able to do the SMS marketing with influence & enhanced representation with data security assurance & end user reliability.

 Let’s Know the consequences.

According to the most recent TRAI rules, each Business or user (Principal Entity) and Bulk SMS Service Provider (Telemarketer) will currently need to enlist with the Telecom Operators (Access Providers) to keep sending SMS to their customers. The enlistment is to be done in the DLT stage. DLT online framework will keep up the record of everything on the board. It is a common database board which will be directed utilizing Blockchain innovation and all the elements present in the board will be interconnected with one another.

As per the new guidelines the principal entity will have to get the sender ID and the message content both to have registered on DLT. TRAI has formulated the guidelines to enhance control, prevent any fraudulent practice and provide greater safety to the end customer. As per the revised TRAI guidelines, the companies who want to communicate with their customers will now have to register themselves with Telecom Operators for sending SMS. The Businesses and Bulk SMS Service Providers will be accountable to telecom operators.

Though the fact is that the business and researchers are endeavouring to settle the innovative and operational issues that DLT frameworks face. This article needs to add to the open strategy banter by introducing potential administrative boundaries that may must be expelled for DLT to be completely embraced. Likewise, it distinguishes regions requiring an update of the legitimate system.

Mobishastra Bulk SMS Marketing service

Mobishastra bulk SMS services has updated its services for Bulk SMS marketing according to the new TRAI’s DLT registration platform. With the upgraded changes in the SMS business the companies and firms can register their sender ID and further can approach for the bulk SMS services via Mobishastra. For registering on to DLT you can visit any of the sites below and register for custom sender ID;

·         A

·         B

·         C

Mobishastra bulk SMS services will completely provide you the guidance regarding the registration and any of your queries will be resolved here.

With more than a decade of experience we have given our customers every feature and facility relevant to SMS marketing services. For small enterprises to big entities we are here to provide you the cost effective and secure SMS marketing services.

Send numerous messages to as many customers you want in any segment of India via Mobishastra bulk SMS services.  

[bulksmsraipur]

Bulk SMS Service Provider

Bulk SMS is a very popular service to be availed from almost every business who are doing online and offline business. Every registration process and verification of customers is done through the SMS service so the importance of Bulk SMS is more. Before availing the service it is required to do the DLT registration of business and enterprise who wanted to avail Bulk SMS service.

[mobonair]

Bulk DND SMS Online Marketing Service Provider - 9454111011  Bulk SMS refers to the circulation of single or multiple text messages to a large group of audiences. These are often sent by companies or enterprises to increase their sales and profits and also to let the customers know about the latest offers. With an increase in the scope of digital media, no one is wishing to spend much on marketing and advertisement. They desire to grow their business but do not want to compromise with time and cost. Keeping at par with this situation Bulk SMS becomes a necessity.Call - 9454111011 || Visit - https://lucknowbulksms.com/

[bulksmsmessaging]

Whether you want to make announcement across the country or launch a new product, we can meet all your bulk SMS needs by helping you from start to finish. Bulk SMS Store is serving businesses, enterprises, brands, and agencies across the world and to meet all of their online marketing needs. We are known for the ethics to work with ultimate transparency. This is why we stand out among the top digital marketing companies in India. so with us upto 5 send free sms online in india . call – 9454111011/ 9911539003 Visit - https://lucknowbulksms.com/

[preciousmetals0]

China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action

China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action:

News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.

President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security. Xi emphasized that blockchain development could “China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.” That was the green light the Chinese blockchain startups and ongoing projects needed to further accelerate their development.

A few days after the announcement, China launched a blockchain-based smart city identification system to support the interaction between infrastructure, data and cities. The system was put in motion by the China Center for Urban Development, the Chinese Academy of Social Sciences, and the Zhongguancun Industrial and Information Research Institute for Two-Dimensional Code Technology.

The system — developed, distributed and managed in China — is based on uniform issuing rules, analysis of distributed storage, and protection against unauthorized access. Until now, the coding systems were not uniform, meaning that data could not be easily shared between different ministries and industries.

But the Chinese government seems to have an idea of how blockchain technology could facilitate workflow in various sectors of the economy, and thereby bring economic benefits. However, China is not the first country to start looking in the direction of putting IDs on a blockchain.

Baby steps to giant leaps

The first step toward blockchain was made in 2016, when China’s Ministry of Industry and Information Technology published a white paper on China’s blockchain technology and application development, which lists the benefits of blockchain and explains how its applications could be regulated in different sectors of economy. Several industries were mentioned as having potential for applying the technology, but preference was given to the financial sector.

Since then, both the Chinese authorities and private companies have been working on how and where to apply blockchain. But taking into account the generally cautious attitude of the Chinese government toward systems using distributed registries — especially cryptocurrencies — there were not very many applicable blockchain-based solutions implemented. But in 2019, the situation began to change and several blockchain projects have emerged, especially in identification systems.

For example, a large number of public affairs management systems based in Guang­dong province and Xion­gan New Dis­trict in Hebei province are using blockchain technology.

In the summer, a number of projects were announced or launched in various regions of the country, including a “blockchain + volunteer services project” and a “5G+ blockchain” implementation model. In addition, the mu­nic­i­pal­ity of Guangzhou launched the “Smart Bankruptcy Review System,” an en­ter­prise ser­vices web­site that utilizes both blockchain and fa­cial recog­ni­tion tech­nol­ogy.

In July, the province of Yunnan launched China’s first blockchain-based invoice system for tourism attractions. Then, in August 2019, about 6 million blockchain-based electronic invoices had been issued in Shenzhen since the city introduced them a year prior. Following these developments was the news of the aforementioned blockchain-based digital ID initiative for smart cities in order to to promote the development of digital economy.

These projects exemplify what China seeks to achieve and what Xi Jinping spoke about at the end of October 2019. Since his speech, many government structures and other organizations have announced the development of various solutions using blockchain.

Even the Chinese army is now reportedly thinking about using the technology to aid its military, potentially by implementing a blockchain reward system to manage personal data and to stimulate the workforce.

Thus, the adoption of blockchain has found fertile ground in China, where a lack of existing infrastructure can stimulate a faster adoption of new technologies. In the Chinese context, the importance that the government attaches to the digital economy, and its cautious but promising endorsements of blockchain technology are important signals that investors should take seriously.

Digital identification is a key element for building trust in a decentralized environment. Therefore, decentralized solutions for user identification have become a popular direction for blockchain development in recent years.

Paul Sin, a consulting partner with Deloitte China and leader of Deloitte’s Asia Pacific Blockchain Lab, told Cointelegraph that he believes China is welcoming the technology only to facilitate the transfer of data and its uniqueness between participants in different fields:

“China is very supportive on Distributed Ledger Technology (DLT), just not crypto. Digital identity is not crypto, hence very welcome.”

Blockchain can be used to synchronize data between participating ecosystems, making them both contributors and consumers of the information. For example, one bank may collect Know Your Customer data and share it with other institutions, which means a client would not need to repeatedly submit the same information. Regarding this, Sin went on to add:

“As long as we can resolve the governance model (who can on-board the individual on behalf of the whole ecosystem, who will be liable if one bank did it wrong, etc.), commercial model (how much should the data consumers pay the provider, so that there will be incentive), and technology interoperability (including network, data, API, DLT protocol, etc.), then this is definitely real.”

Blockchain identification elsewhere in the world

In other countries, governments and financial structures are also pondering whether blockchain can be applied to various systems to reduce costs and facilitate citizen access to data.

South Korea

In July 2019, seven large South Korean companies came together to develop a blockchain-based mobile identification system. The launch of the system is scheduled for 2020. The blockchain network has been named the Initial DID Association.

One of the main features of the new system will be that it will work without intermediaries. The system will allow individuals and organizations to control their IDs for online transactions, as well as store various personal information, such as resident registration information or bank account numbers.

The initial companies that joined the consortium include Samsung, major telecoms KT Olleh, SK Telecom and LG U+, the banks KEB Hana and Woori, and financial IT company Koscom.

However, the size and scope of the project increased substantially in October, when such companies as credit card issuers BC Card and Hyundai Card, along with banks Shinhan and Nonghyup joined.

The consortium said that blockchain technology will provide only the necessary information to verify identity rather than the entire certificate, and that it has developed security measures to protect personal information. The idea is to allow a person to control their identity, qualifications and personal information.

Europe

The European Union has moved to publicly recognize blockchain technology only in the recent few years. In February 2018, the European Commission launched the EU Blockchain Observatory and Forum to consolidate the main developments of the technology and to support European countries engaging with parties working in the blockchain space.

The commission has been funding blockchain projects through EU research programs like FP7 and Horizon 2020 since 2013. By 2020, it will finance projects that can use blockchain technology to the amount of 340 million euros. In September 2019, the European Commission’s Joint Research Centre released a report titled “Blockchain for digital government.”

According to the JRC report, the European Commission has identified use cases of blockchain in the government sector for citizen ID management, taxation reporting and e-voting, among others.

The report states that creating a benchmark blockchain infrastructure consisting of certified independent nodes to host public services has already become a priority for EU policy. It goes on to add that as more enterprises and institutions accept the general framework and participate in the hosting infrastructure, the safer and more secure it will become.

Blockchain-based authentication will be widely used in the public domain to provide more advanced functionality, process more transactions without unnecessary financial costs and remove legal barriers.

Compared to all other EU countries, Estonia has gone the furthest in implementing blockchain in the government sector. In the first half of 2016, the Estonian government and the blockchain-based digital signature system Guardtime reached an agreement for the transfer of electronic medical records data of over 1 million citizens of the country onto a blockchain.

What’s next?

The introduction of blockchain technology in the government sector all around the world is an irreversible process. It is worth recalling the attitude that states had about blockchain a couple of years ago and look at what is happening now.

The implementation of blockchain in governments offers lots of opportunities, as blockchain-based systems are far superior to paper-based management systems, which have many vulnerable dimensions. Future-focused countries such as China or South Korea want to use blockchain as early as possible in order to reduce financial costs.

[goldira01]

News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.

President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security. Xi emphasized that blockchain development could “China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.” That was the green light the Chinese blockchain startups and ongoing projects needed to further accelerate their development.

A few days after the announcement, China launched a blockchain-based smart city identification system to support the interaction between infrastructure, data and cities. The system was put in motion by the China Center for Urban Development, the Chinese Academy of Social Sciences, and the Zhongguancun Industrial and Information Research Institute for Two-Dimensional Code Technology.

The system — developed, distributed and managed in China — is based on uniform issuing rules, analysis of distributed storage, and protection against unauthorized access. Until now, the coding systems were not uniform, meaning that data could not be easily shared between different ministries and industries.

But the Chinese government seems to have an idea of how blockchain technology could facilitate workflow in various sectors of the economy, and thereby bring economic benefits. However, China is not the first country to start looking in the direction of putting IDs on a blockchain.

Baby steps to giant leaps

The first step toward blockchain was made in 2016, when China’s Ministry of Industry and Information Technology published a white paper on China’s blockchain technology and application development, which lists the benefits of blockchain and explains how its applications could be regulated in different sectors of economy. Several industries were mentioned as having potential for applying the technology, but preference was given to the financial sector.

Since then, both the Chinese authorities and private companies have been working on how and where to apply blockchain. But taking into account the generally cautious attitude of the Chinese government toward systems using distributed registries — especially cryptocurrencies — there were not very many applicable blockchain-based solutions implemented. But in 2019, the situation began to change and several blockchain projects have emerged, especially in identification systems.

For example, a large number of public affairs management systems based in Guang­dong province and Xion­gan New Dis­trict in Hebei province are using blockchain technology.

In the summer, a number of projects were announced or launched in various regions of the country, including a “blockchain + volunteer services project” and a “5G+ blockchain” implementation model. In addition, the mu­nic­i­pal­ity of Guangzhou launched the “Smart Bankruptcy Review System,” an en­ter­prise ser­vices web­site that utilizes both blockchain and fa­cial recog­ni­tion tech­nol­ogy.

In July, the province of Yunnan launched China’s first blockchain-based invoice system for tourism attractions. Then, in August 2019, about 6 million blockchain-based electronic invoices had been issued in Shenzhen since the city introduced them a year prior. Following these developments was the news of the aforementioned blockchain-based digital ID initiative for smart cities in order to to promote the development of digital economy.

These projects exemplify what China seeks to achieve and what Xi Jinping spoke about at the end of October 2019. Since his speech, many government structures and other organizations have announced the development of various solutions using blockchain.

Even the Chinese army is now reportedly thinking about using the technology to aid its military, potentially by implementing a blockchain reward system to manage personal data and to stimulate the workforce.

Thus, the adoption of blockchain has found fertile ground in China, where a lack of existing infrastructure can stimulate a faster adoption of new technologies. In the Chinese context, the importance that the government attaches to the digital economy, and its cautious but promising endorsements of blockchain technology are important signals that investors should take seriously.

Digital identification is a key element for building trust in a decentralized environment. Therefore, decentralized solutions for user identification have become a popular direction for blockchain development in recent years.

Paul Sin, a consulting partner with Deloitte China and leader of Deloitte’s Asia Pacific Blockchain Lab, told Cointelegraph that he believes China is welcoming the technology only to facilitate the transfer of data and its uniqueness between participants in different fields:

“China is very supportive on Distributed Ledger Technology (DLT), just not crypto. Digital identity is not crypto, hence very welcome.”

Blockchain can be used to synchronize data between participating ecosystems, making them both contributors and consumers of the information. For example, one bank may collect Know Your Customer data and share it with other institutions, which means a client would not need to repeatedly submit the same information. Regarding this, Sin went on to add:

“As long as we can resolve the governance model (who can on-board the individual on behalf of the whole ecosystem, who will be liable if one bank did it wrong, etc.), commercial model (how much should the data consumers pay the provider, so that there will be incentive), and technology interoperability (including network, data, API, DLT protocol, etc.), then this is definitely real.”

Blockchain identification elsewhere in the world

In other countries, governments and financial structures are also pondering whether blockchain can be applied to various systems to reduce costs and facilitate citizen access to data.

South Korea

In July 2019, seven large South Korean companies came together to develop a blockchain-based mobile identification system. The launch of the system is scheduled for 2020. The blockchain network has been named the Initial DID Association.

One of the main features of the new system will be that it will work without intermediaries. The system will allow individuals and organizations to control their IDs for online transactions, as well as store various personal information, such as resident registration information or bank account numbers.

The initial companies that joined the consortium include Samsung, major telecoms KT Olleh, SK Telecom and LG U+, the banks KEB Hana and Woori, and financial IT company Koscom.

However, the size and scope of the project increased substantially in October, when such companies as credit card issuers BC Card and Hyundai Card, along with banks Shinhan and Nonghyup joined.

The consortium said that blockchain technology will provide only the necessary information to verify identity rather than the entire certificate, and that it has developed security measures to protect personal information. The idea is to allow a person to control their identity, qualifications and personal information.

Europe

The European Union has moved to publicly recognize blockchain technology only in the recent few years. In February 2018, the European Commission launched the EU Blockchain Observatory and Forum to consolidate the main developments of the technology and to support European countries engaging with parties working in the blockchain space.

The commission has been funding blockchain projects through EU research programs like FP7 and Horizon 2020 since 2013. By 2020, it will finance projects that can use blockchain technology to the amount of 340 million euros. In September 2019, the European Commission’s Joint Research Centre released a report titled “Blockchain for digital government.”

According to the JRC report, the European Commission has identified use cases of blockchain in the government sector for citizen ID management, taxation reporting and e-voting, among others.

The report states that creating a benchmark blockchain infrastructure consisting of certified independent nodes to host public services has already become a priority for EU policy. It goes on to add that as more enterprises and institutions accept the general framework and participate in the hosting infrastructure, the safer and more secure it will become.

Blockchain-based authentication will be widely used in the public domain to provide more advanced functionality, process more transactions without unnecessary financial costs and remove legal barriers.

Compared to all other EU countries, Estonia has gone the furthest in implementing blockchain in the government sector. In the first half of 2016, the Estonian government and the blockchain-based digital signature system Guardtime reached an agreement for the transfer of electronic medical records data of over 1 million citizens of the country onto a blockchain.

What’s next?

The introduction of blockchain technology in the government sector all around the world is an irreversible process. It is worth recalling the attitude that states had about blockchain a couple of years ago and look at what is happening now.

The implementation of blockchain in governments offers lots of opportunities, as blockchain-based systems are far superior to paper-based management systems, which have many vulnerable dimensions. Future-focused countries such as China or South Korea want to use blockchain as early as possible in order to reduce financial costs.