China one of the Asian countries that gave Cryptocurrency a huge acceptance in the Asian continent some years ago is further looking for ways to expand and utilize the benefits of Blockchain technology.
This time around the government auditor of China believes that Blockchain can be used to lift obstacles faced in the storing of data with the help of Blockchain.
In the website of the National Audit Office of the People’s Republic of China, last Tuesday was an article published. The report revealed the challenges of the present data storage infrastructure and how Blockchain can be of help to eliminate this problem.
Currently, the company is in charge of the voluminous amount of data storage, and they believe that Blockchain can be of great help in the storage of this data efficiently on a decentralized ledger.
The whole idea behind this thought is to have a decentralized system where every local office and the accredited auditor will function as an individual node.
Read More: https://zycrypto.com/blockchain-solutions-might-be-the-answer-to-chinas-national-audit-office-challenge/
Topic: Blockchain Might be the Answer to China’s National Audit Office Challenge (Read 96 times)
April 25, 2018, 11:15:56 AM
Jump to: