Chinese Government Considers Using Blockchain for Big Data Audits

The Chinese National Audit Office presented a proposal to modify its data infrastructure to a decentralized, blockchain-based powerhouse.

China’s National Audit Office made the decision to break from conventionally centralized ways to audit the massive troves of data it desires to filter through and bowed its eyes towards blockchain technology.

“Currently, audit data is administered through a centralized storage technique, which is first gathered by the recognized agencies to audit entities, before uploaded to the Audit Office Data Center, and centrally managed by the [AODC]. The ascribed agencies do not store the related data. Although the management model has a great level of data legitimacy and security, it likewise results in the endless development of data center software and hardware equipment necessities. It will not at all be able to gratify the endless cycle of data management and storage, leading to more data center workload,” the association wrote in a published memo.

[Video] China’s Official Gov’t Auditor Considers Blockchain To Streamline Data Infrastructure