Only weeks after Chinese President Xi Jinping praised the Blockchain, suggests a local military newspaper, Chinese soldiers could be rewarded for their “loyalty and good performance” with crypto. However, it is likely to be China’s own crypto currency, not Bitcoin or Ethereum.
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Chinese soldiers could receive rewards in crypto
The “South China Morning Post” quoted the PLA Daily, the official newspaper of the “People’s Liberation Army” with the words that the Chinese army would drive innovation through the implementation of the Blockchain ahead. The military could create a symbolic reward mechanism, the various performance criteria into account – including skills, training, duties, and pay.
The article on this:
To be awarded “Token according to the daily performance, or to deduct, and to generate an objective assessment, would encourage the human resources management effectively.”
After Xi Jinping gave the green light for the Blockchain-introduction, start suddenly, all the to recognize the potential of the technology. PLA Daily:
“The Blockchain technology solved the Problem that traditional digital data are vulnerable to tampering or Hacking, and lack of credibility.”
The author lists other potential use cases for the Distributed Ledger technology (DLT). For example, it is proposed to store military secrets to the Blockchain. In this case, the classified documents would be distributed only on the Server, but not copied.
The DLT for the Supply Chain Management and military logistics, the PLA implemented. In addition, training records could be saved, “in order to maximize the authenticity of the training results”.
It also States in the article that a Blockchain-interaction system could accelerate the communication and cooperation between the departments within the military and personnel management.
According to data from Statista, the Chinese army is one of the largest in the world. The active military personnel in the country is about 820.000 persons is larger than the second largest army in India.
Members of the party bring their Blockchain-is loyalty to the expression
Interestingly, reported the local media last month about China’s block chain-based Propaganda-App that records the loyalty of a member of the Communist party. The System serves as a constant reminder of those who joined the ruling party.
Those who promise their loyalty, to name a list of reasons why you have joined. The list is then stored in a distributed Ledger. The application with the name “Lian Shang Chuxin” is another example of how the Blockchain in China is more likely to be control than to decentralization used.