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Author Topic: [2016-09-04]-CCN-China's Social Security to Use Blockchain Tech  (Read 164 times)
Lucius
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September 04, 2016, 01:52:03 PM
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China's Social Security to Use Blockchain Tech

The Chinese government is to use blockchain technology for social security payments such as unemployment benefits and pensions. According to China Daily, Wang Zhongmin, vice-chairman of the National Council for Social Security Fund states:

“There’s no doubt that blockchain technology will be used in the social security system because of its valuable applications in the investment and management of social security funds.”

https://www.cryptocoinsnews.com/chinas-social-security-use-blockchain-tech/

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September 04, 2016, 02:30:52 PM
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I can't wait to see how their blockchain database will be hacked or spoiled by malicious attacks.
Maybe then thy realize that blockchain without mining is borderline useless.
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