State Grid Xinjiang Branch will Promote the Appreciation of Data Assets Based on the Blockchain Transaction Sharing Platform

Abstract : This marks a new stage of blockchain pilot construction in Xinjiang province.

ChainDD
ChainDD

Nov 19

November 19 (ChainDD) According to the People's Daily, the blockchain construction team in State Grid Xinjiang branch has completed the development tasks as well as the deployment and implementation of the data sharing platform based on blockchain technology. This marks a new stage of blockchain pilot construction in Xinjiang province.

Based on the basic public service platform of the State Grid Corporation of China, the team combines blockchain, homomorphic encryption, trusted computing and other technologies, focusing on scenarios such as the data entry and exit of the power grid application system and the external output of power grid information.

For sensitive data, the cipher text can be directly used for data processing and secure calculation without decrypting private data in the sharing process. It also achieves services like credit access and secure sharing, combines calculation of sensitive data and provides evidence from the chain through the stack.

Besides, the company stated that it would explore the application value of blockchain in the production, operation, services and other business innovations, activate the value of data assets, and promote the value-added realization of data assets in the blockchain-based transaction data sharing platform.

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