A high-standard, sophisticated blockchain base platform is set up in Foshan

　　The State-owned Assets Supervision & Management Commission of Foshan Municipal People’s Government , the Public Resource Trading Center, along with Midea Group joined an round-table discussion on re-discovering the public resource trading system. A high-standard, sophisticated blockchain base platform is set to be managed as a whole by the Municipal Service Bureau of Data Management Foshan.

　　As the public resource transactions encompasses a whole range of stakeholders, the Municipal Service Bureau of Data Management Foshan has put in enormous efforts in the reform of advancing public resource trading system. It has put forward innovation of ‘2+3+N’ management pattern, reinforcing deregulation policy.

　　‘The advancing reform is fulfilled through three aspects including delegating power to the subject of biding and procurement, utilizing information technology to streamline administration, and dismantling the auditing process of enterprise storage to provide better services to facilitate business environment’ said Song Jianbin, an official from the Municipal Service Bureau of Data Management Foshan.

　　During these years, the Public Resource Trading Center has developed 13 measurements in aspects of improving quality, robust orientation, effectiveness and efficient supervision. In addition, the municipal public resource trading information platform has added a new functionality of ‘appointment of pre-biding guidelines’ which has been proven to have various applications in different organizations. Meanwhile, the Trading Center has visited couples of organizations to provide post-biding and research assistance.

　　Remarkably, there has been new updates on the the application side of blockchain in Foshan public resource trading technology. The blockchain platform is therefore equipped with the capacity of timeliness, verification and deposit certification, and data tracing. In addition, the Trading Center also has promoted information disclosure of government procurement projects by releasing development projects, announcement notification, clarifications of changes , bidding results in the form of blockchain data. The system not only allow for biding certifications to be applied in the construction admission for governmental development projects along with rate payment, but it can also provide finical service certifications for small or medium size of the winning enterprises. Those moves are set to be conducive to a better business environment.

　　The next steps is to construct a unified blockchain platform of high equality and fine standard. With a blockchain platform encompassing qualities of security , reliability , efficiency and convenience in business transaction process, the relevant governmental departments are therefore taken off the pressure of providing business infrastructure, but instead able to put more effort in promoting innovation and applications of technology.

　　So far, Foshan has witnessed the early breakthroughs of blockchain applications in some parts of trail area. By the end of October of 2019, Chancheng district had become the first city of China , pioneer in advancing a ‘blockchain plus’ financing platform for small and medium size enterprises. Foshan had integrated various sources of government database, constructed growth evaluation system for small and medium size enterprises.

　　In the future, Foshan is going to further apply blockchain technology at all level of civil society to expedite the reform of e-government. It is believed that through building up blockchain connectivity with the Guangdong- Hong Kong-Macao Greater Bay Area, and through rapidly modernisation of governance capacity in driving sustainable economic growth, Foshan is doom to be a demonstrative area for the emerging applications of blockchain technology.

　　(Source:Foshan China)