The Corona pandemic has particularly affected the tourism industry. The Chinese province of Hainan is now planning to introduce a block chain solution in order to strengthen the industry again.
The Chinese authorities plan to use block chain technology in Hainan province to boost the tourism industry. This industry has suffered particularly from the lockdown due to the corona pandemic and the resulting limited travel opportunities.
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The Blockchain solution will include a points programme that Chinese and foreigners can use. They will only need to use this one platform to use public transport, hotels or attractions. This will provide the cultural and entertainment industries with tools for exchanging ideas in a common network. For tourists, this would also probably save a lot of planning.
Hainan relies on block chain technology
The island province of Hainan in the South China Sea also launched a project in 2019 to familiarise the financial sector with the technology. The US$ 142 million programme is intended to develop the region into the country’s first Block China Free Trade Area.
In Huangdong Province and Macao, the consequences of the pandemic are also being tackled with block-chain funds. The two regions are exchanging health data from travellers in real time thanks to decentralised technology. Long waiting times due to data verification are thus reduced to two minutes, said the developer WeBank.