Shenzhen Municipal Government Plans to Use Blockchain for Data Property Rights Registration and Administration
It is reported that on February 20, the Shenzhen Municipal Development and Reform Commission publicly solicited opinions on the \”Interim Measures for the Regis…
It is reported that on February 20, the Shenzhen Municipal Development and Reform Commission publicly solicited opinions on the “Interim Measures for the Registration and Administration of Data Property Rights in Shenzhen” (draft for comments). The draft clearly states that the registration agency should use blockchain and other relevant technologies to store the registration information on the chain, and properly keep the original certificate of registration and relevant documents and data. The storage period shall not be less than 30 years. The registration authority and its staff have the obligation to keep confidential the data, documents and materials related to the data property registration business according to law.
Shenzhen Development and Reform Commission: The registration agency should use blockchain and other relevant technologies to store the data property registration information online
Interpret the above information:
The Shenzhen Municipal Development and Reform Commission recently released a draft for soliciting comments on the “Interim Measures for the Registration and Administration of Data Property Rights in Shenzhen.” The draft proposes the use of blockchain and other relevant technologies for the storage and registration of data property rights. This move marks an important step by the Shenzhen municipal government towards ensuring the protection and management of valuable data assets.
The proposed measures require the registration agency to apply blockchain technology to store registration information on the chain. The registration agency must also maintain the original certificates of registration, as well as relevant documents and data for a period not less than 30 years. The measures specify that the registration agency and its staff have the legal obligation to protect the confidentiality of all registrants’ data, in accordance with local and national laws.
The move to use blockchain technology for data property rights registration and administration is an innovative and prudent strategy by the Shenzhen municipal government. The decentralised feature of blockchain technology not only facilitates more secure storage of data but also potentially generates greater trust in the registration process. The integration of blockchain technology goes beyond just providing technological solutions but also seeks to change perceptions of how data property rights should be registered and administered.
The proposed measures also align with wider regulatory developments in China on data governance. In 2019, the National People’s Congress of China passed the cryptography law, which made it legal to use blockchain in several areas, including data security, and introduced increased penalties for crimes involving the use of cryptography. The law was aimed at promoting the development and use of cryptography, which has the potential to contribute to better data governance.
In conclusion, the proposed interim measures for data property rights registration and administration in Shenzhen mark an important step for the city in protecting and managing valuable data assets. Blockchain technology provides a secure and transparent solution to data registration, and is a potential game-changer in data governance. The move towards integrating blockchain technology aligns with broader regulatory developments in China, and is expected to promote greater trust and transparency in data governance processes.
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#Table of Contents
7:00-12:00 Keyword: Do Kwon, Voyager, zkSync, Infura, Ark Fund
Summary of important developments at noon on March 24th
1. Introduction2. What is Do Kwon?3. Voya