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Hainan Province Launches China’s First Blockchain Platform for Electronic Deposit Certification to Facilitate Housing Provident Fund Reform

[ChainDD report] April 22 (ChainDD) According to an interpretation of 2018 Annual Report on Housing Provident Fund of Hainan Province published at Hainan Daily, the official newspaper of China’s Hainan provincial government, the Housing Provident Fund Administration of Hainan Province made several efforts for reform of housing provident fund and related services in 2018, and one of them is to create a cloud platform for electronic deposit certification and blacklist.

The Administration launched and operated the first blockchain platform for electronic deposit certification in China, which allows employees check electronic deposit certification through online business hall, mobile application, Alipay municipal service, and loan centers can make inquiries and verification for deposit…

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