Beijing City Blockchain Touts Interoperability With File Storage Product

The city's government plans to unite data that's spread out among its departments.

AccessTimeIconJul 23, 2021 at 9:04 a.m. UTC
Updated Sep 14, 2021 at 1:30 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

ChainMaker, an enterprise blockchain developed with support from Beijing's city government, said it is preparing to be interoperable with the distributed file storage protocol InterPlanetary File System.

  • ChainMaker wrote a blog post detailing how the blockchain will be able connect to IPFS on its WeChat account today.
  • IPFS is a decentralized peer-to-peer network for storing data. ChainMaker is "controllable" blockchain software and hardware developed under the auspices of Beijing's local government.
  • ChainMaker is poised to become Beijing's government blockchain, uniting data that's now siloed across ministries and government departments. A 27-member group that includes state-owned enterprises, banks and universities has pledged to integrate the blockchain across their operations.
  • The developers also signed an agreement with the People's Bank of China to integrate the digital yuan across ChainMaker in preparation for a trial program at the 2022 Beijing Winter Olympics.
  • The consortium is supervised by the National Development and Reform Commission, the Ministry of Science and Technology, the central bank’s Digital Currency Research Institute, the Ministry of Industry and Information Technology, the national tax and market watchdog and a State Council commission.
  • ChainMaker, or Chang'An Chain as it's known in Chinese, was developed by the Beijing-based research institute Beijing Academy of Blockchain and Edge Computing, and released on Jan. 27.
  • Enterprise blockchain in China is increasingly receiving government support after it was included in China's five-year plan for 2021 to 2025, while crypto mining is facing a crackdown.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.