Chinese Government Releases Blockchain-Based Platform for Paying Bills

The Chinese government together with Alipay is rolling out a blockchain-based platform for paying bills, a first for the Zhejiang province. Currently only available in Zhejiang, the platform will be used to keep track and pay electricity bills.

Despite always being allergic to the cryptocurrency space, the Chinese government has spent ample time and money into developing blockchain-related networks. The latest push by the state has been to standardize collections for utility and medical payments, currently being rolled out in Zhejiang province.

Alipay is a key partner in this new blockchain-based platform. The project was started by the Zhejiang Provincial Department of Finance together with the Provincial Bureau of Big Data, the Provincial Health and Health Commission, and the Provincial Medical Insurance Bureau. Working with Alipay and its affiliate, Ant Financial, it is leveraging blockchain technology to pay bills for the first time.

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#China #Blockchain #Payments

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