The Chinese government is considering integrating blockchain to improve the safety of its credit information systems, according to one report from STCN.
The move is part of a broader effort from the National Development and Reform Commission (NDRC) to apply emerging technologies in improving the practices for sharing data and protecting sensitive information.
Li Chunlin, deputy director of the NDRC, stated that the committee has already started recording solutions for privacy computing.
These tools are designed to minimize the risk of information leaks by processing data in a secure environment. He emphasized that the umbrella goal is to strengthen the protection of citizens’ data through advanced technical infrastructure.
Blockchain is now also being investigated as a core component of this initiative.
The technology would make safe data coding possible and improve traceability by linking essential credit information directly to the blockchain network, thereby guaranteeing greater integrity and flexibility in data management processes.
Government activities are increasingly embracing blockchain technology
The pivot from China to Blockchain for Credit Protection reflects a global trend of governments that take on technology for non-financial applications.
The decentralized nature of blockchain technology reduces dependence on individual servers, which often serve as weaknesses in traditional systems.
Prominent figures in the crypto industry, including Binance’s former CEO Changpeng Zhao and Coinbase’s CEO Brian Armstrong, have long argued for the potential of blockchain to offer real-time transparency and supervision in complex systems.
Zhao said:
“All governments must follow all their expenses on the blockchain, an unchangeable public ledger. It is called ‘public spending’ for a reason.”
In the meantime, this growing interest is not limited to China.
A leaked memo recently suggested that the US government is considering using blockchain to renew the United States Agency for International Development (USAID). The proposed shift is intended to streamline the distribution of aid and to improve operational efficiency.
There are also reports that the Ministry of Government Efficiency (Doge), led by Elon Musk, assesses blockchain on the use of the public sector. Experts believe that it can improve budgeting, data protection, digital payments and real estate management.
