The People’s Daily published a comment: applied to social governance, the blockchain is promising

Author: Gong Fuwen

Source: "People's Daily" (November 21, 2019, 05 edition), the original title "Taking a blockchain to empower social governance"

The Fourth Plenary Session of the 19th CPC Central Committee emphasized strengthening and innovating social governance and improving the social governance system of party committee leadership, government responsibility, democratic consultation, social coordination, public participation, rule of law protection, and science and technology support. To achieve this requirement, applying the latest scientific and technological achievements to social governance, the blockchain is promising.

In the 18th collective study of the Political Bureau of the Central Committee, General Secretary Xi Jinping emphasized that it is necessary to seize the opportunity of blockchain technology integration, function expansion and industry segmentation, and play a role in promoting data sharing, optimizing business processes and reducing operating costs. Improve the synergy efficiency and build a credible system. In social governance and public services, the blockchain has a wide application space, which will effectively promote the digitalization, intelligence, refinement and rule of law of social governance. With the wide application of big data, cloud computing and 5G technology, the connection between people and people has expanded to the interconnection of people, things and things, and data has become the basic element of the digital age. When applied to digital finance, medical services, copyright protection, product traceability, etc., blockchain will provide reliable data information for managers and service providers in these areas. For example, blockchain can help regulators easily access the full process information of goods from production to sales, greatly reducing the cost of supervision and enforcement.

Blockchain can improve the level of social governance intelligence. The consensus mechanism and smart contract in the blockchain can create transparent, trustworthy, efficient and low-cost application scenarios, and build intelligent mechanisms for real-time interconnection, data sharing, and linkage coordination to optimize the processes of government service, city management, and emergency support. Improve governance effectiveness. For example, relying on blockchains to establish cross-regional, cross-level, and cross-sectoral regulatory mechanisms can help reduce regulatory costs and open up information barriers between different industries and regional regulatory agencies. When audit departments, tax authorities, financial institutions, and accounting institutions realize the sharing of audit data, tax filing data, capital data, and accounting data through blockchain technology, data fraud, evasion of supervision and other issues will be effectively resolved.

Blockchain can help refine social governance. In the digital age, social governance must find real problems through massive data. Blockchain can effectively integrate basic information in economic, cultural, social, ecological and other aspects, and conduct deep mining and interactive analysis through big data, and correlate seemingly unrelated events in order, thereby improving real-time monitoring, dynamic analysis, The ability to accurately alert and accurately handle. For example, in-depth analysis of the concentrated flow of materials and capital per unit time can predict the hotspots of economic and social development in advance, and provide decision-making reference for promoting supply-side structural reforms and preventing major risks.

The blockchain will also promote the rule of law in social governance. In the fields of justice and law enforcement, blockchain technology and practical work have a broad space for deep integration. For example, the use of blockchain electronic deposit certificate to solve the problem of electronic data "difficulties in obtaining evidence, difficulty in demonstrating, difficulty in certification, and difficulty in depositing certificates". Integrate the blockchain technology with the implementation work depth, embed the blockchain smart contract into the judgment document, and automatically generate the unfulfilled report, execute the application, extract the party information, automatically execute the case, generate the execution notice, etc. in the background, and complete the execution. Documenting the program and importing it into the execution system will help to crack the execution.

It should also be noted that the latest scientific and technological achievements, including the blockchain, will inevitably lead to immature and irregular problems in the initial stage of application. This requires us to further strengthen the research on the basic theory and standard system of technologies such as blockchain, and formulate special regulations to provide guidance for the application and development of new technologies. Improving the laws and regulations related to electronic data will help to better clarify the boundaries of open sharing, clarify the rights and obligations of data generation, use, circulation, storage and other links, and achieve a balance between data openness, privacy protection and data security. To promote the deep integration of technology and social governance.

(The author is a member of the National Committee of the Chinese People's Political Consultative Conference and the vice president of the Shaanxi Provincial Higher People's Court)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Brace Yourself: Bitcoin ETF Approval May Be Imminent!

According to the Valkyrie CIO, the SEC is expected to request comments and potentially approve an ETF proposal this m...

Market

BlackRock’s Bitcoin ETF: Banks Welcomed with Open Arms

BlackRock's updated Bitcoin ETF proposal now allows banks to participate through broker-dealers, providing wider mark...

Blockchain

Sam Bankman-Fried: The King of Crypto Faces Judgment Day

Sam Bankman-Fried, the fashion entrepreneur accused of fraud and criminal conspiracy, has been convicted with all sev...

Blockchain

Crypto Craziness Hackers Swoop In and Nab Over $500M in Just 172 Days!

Digital currency hackers and cybercriminals have been rapidly evolving, resulting in a staggering $500 million being ...

Blockchain

EOS Labs, ESCC, and ENF Join Forces for Stellar Stablecoin Solutions

EOS Labs and EOS Network Foundation have teamed up with ESCC to bring stablecoin-based gas fees and Ethereum compatib...

Bitcoin

MicroStrategy’s Bitcoin Bonanza: Making Tons of Dough in the Digital Gold Rush

Fashionista, get the scoop on MicroStrategy Inc's (NASDAQ MSTR) latest Bitcoin (BTC) spending, straight from founder ...