China Plans To Use Blockchain Technology For Government Audits
China Plans To Use Blockchain Technology For Government Audits: The Republic of China’s supreme audit institution, National Audit Office is planning on using the Blockchain Technology to improve government’s auditing.
The blockchain portion of the stock market has continued to rise daily. The technology has managed to increase to 19.95% for eight straight days thus reflecting blockchain application capability. With its proven capability, it can improve data storage, management, transmission and other work modes for data audits.
Blockchain’s notable features include decentralized computing and time stamping services such as recognizing textual information based on time sequence and the permanent saving of data.