China’s Insurance Giant to Establish Blockchain-powered Smart City

China’s Insurance Giant to Establish Blockchain-powered Smart City

Ping An has partnered with the municipal government of Sanya targetting on the establishment of a blockchain-powered smart city. The major aim of the partnership is to accelerate the strategic urban development plan in China. Reportedly, the insurance group would invest 30 billion yuan “to develop smart city construction, financial products and services, and insurance fund utilization.”

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