China Starts Using Blockchain-based E-Seals for Real-Time Surveillance
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The Chinese authorities have begun testing blockchain-based technology for electronic door seals.

According to the Global Times, Chinese courts are testing blockchain e-seals to ensure a high level of security in real time.

Executive Bureau of the People's Court in Haidian District, Beijing has used the technology to secure property in Chaoyang district. This is the first time when the blockchain-based electronic seal was used in a Beijing court.

In case of damage, the electronic seal immediately turns on the surveillance camera and constantly sends alerts to the mobile phones of the plaintiff and law enforcement officials.

Law enforcement officials can reportedly use the platform to request information on real estate's modifications and other sealed operations on the sealed property.

China Zheshang Bank Uses Blockchain to Issue $17B Securities

In February, over 80 Chinese enterprises received loans worth more than $200 million through a blockchain-based cross-border financial platform as private enterprises suffered most of all from the raging coronavirus pandemic.

Meanwhile, Beijing plans to become a blockchain innovation hub within the next 2 years.

The city's municipal government previously announced the launch of the "Beijing Blockchain Innovation Development Action Plan (2020-2022)" initiative, which aims to make Beijing one of the first cities in the country to be fully integrated with blockchain apps.

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