CyberVein, a huge blockchain firm, has recently formed a partnership with the Chinese government. This partnership will work towards building a blockchain based governance system for the new aerospace smart city of China.
CyberVein is among the 12 firms that are contributing in the construction of Hainan Wenchang International Aerospace City of China. The construction for the city was started last month only as previously the site was having a satellite launch center.
CyberVein to Work Along With Major Chinese Firms
It is specified that this is going to be the first aerospace cultural and tourism city of China. This city will be a hub for the development of aerospace products and services as well. All these products will be used for the Chinese spacecrafts and the satellite launch missions. The city will be developed in a 12 million square-meter area that will be hosting the first aerospace super-computing center of the country. It will also focus on developing 40 technological areas. It is revealed that CyberVein will be working along with some major Chinese firms including Huawei and many other mainstream ones. The big data, blockchain and artificial intelligence technology of the firm will be used for the development of Smart Brain Planning and Design Institute of the city.
Smart Brain is the Primary Project of the Firm
CyberVein has revealed that Smart Brain is the primary project of the firm. It has also revealed several details regarding how blockchain technology will be deployed in developing the governance model. This development of the city is a part of the Free Trade Port development initiative of Hainan. This is a kind of program that will transform the island into the free trade port. Currently the Chinese government has also teamed up with top distributed ledger technology that will work towards the development of the smart cities.