Wanxiang Partners with PlatON on China’s Biggest Blockchain Smart City Project

Asia Blockchain Review
July 8, 2019

China’s largest automotive component manufacturer, Wanxiang, has collaborated with global computing network PlatON on co-developing data infrastructure for the country’s biggest smart city project in Hangzhou.

As reported by IBTimes, Wanxiang has pledged to invest US$29 billion over the next 10 years to support the project’s technological and infrastructural development, in what is expected to be China’s most interconnected, blockchain-powered smart city. PlatON’s blockchain-based platform will serve as the city’s technological backbone, selected for its scalability and privacy.

Tracking, Transferring and Securing Critical Data via Blockchain

The Wanxiang Innova City, first announced in 2015, will be developed on 8.3 sq km of land on a premium riverfront site in Hangzhou. It will also feature a world-class international research and innovation park as well as a vast digital and ecological urban space. Additionally, Wanxiang’s advanced tech and manufacturing facilities will provide renewable energy and electric vehicles.

PlatON’s blockchain solution will be used by the smart city’s infrastructure blueprint to track, transfer and secure critical data, including resident identification cards and smart devices. The solution will also monitor data on driving behavior, train auto-driving systems and monitor electric vehicle life cycles, including power cells in order to efficiently manage environment waste.

PlatON’s Next-gen Technology Connects Parties to Different Services 

Corporations and individuals using PlatON’s next-generation computing network and public infrastructures in the Wanxiang smart city can connect to various services for more efficient data tracking, seamless transactions and transparent public services.

Upon completion in 2025, 90,000 citizens are expected to work and reside in Wanxiang Innova City as China advances towards a greener, more sustainable and more interconnected future.

Source:  https://www.ibtimes.sg

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