China has selected 15 pilot sites and identified a number of areas to apply for “a new blockchain technology program”, according to a joint government statement on Sunday.
The checkpoints include areas in the major cities of China Beijing and Shanghai, as well as Guangzhou and Chengdu in the southern provinces of Guangdong and Sichuan respectively, according to a statement from the official account of Cyberspace Administration Wechat communications.
In addition to testing facilities, 164 organizations, including hospitals, universities and companies such as SAIC-GM-Wuling Automobile Co., China National Offshore Oil Corp, Beijing Gas Group Co. and Industrial and Commercial Bank of China Ltd. blockchain test projects.
The agencies will implement projects in areas such as manufacturing, energy, government and tax services, law, education, health, trade and finance, and cross-border finance.
“Each site management and relevant industry regulator should … Give full support to the blockchain role in promoting data sharing, improving business processes, reducing operational costs and improving operational efficiency in building a credible system,” the statement said.
In October 2019, Chinese President Xi Jinping said the country should accelerate the development of blockchain technology as the backbone of innovation.
While China is promoting blockchain technology, it has banned bitcoin, which is based on technology.
Regulators in September violated crypto currency by covering the ban on all crypto transactions and mining.
The statement was issued jointly by 16 government agencies, including the Department of Education, the Department of Industry and Information Technology, the central bank, the National Energy Administration and the China Securities Regulatory Commission, according to a cyberspace management statement.
RIYADH: Mukesh Ambani’s plans to integrate his Indian-based international company, Reliance Industries Ltd into renewable energy could transform South Asia into a hydrogen cleaner in this process.
Earlier this month a very wealthy Asian man named Ambani vowed to spend $ 75 billion on green land amid renewed push, reports Bloomberg.
The system deals directly with production facilities, solar panels, and electrolyzers.
The general consensus proposed by analysts is that the system will convert the world’s clean energy into hydrogen.
This comes at a time when the company is trying to bypass the country’s electricity market controlled by financially volatile businesses and deferred payments.
“Reliance is preparing to take over the whole chain of the green hydrogen economy,” Bloomberg reported, quoting Gagan Sidhu, director of the Financial Institutions Center.
In addition, Ambani is committed to producing raw hydrogen for $ 1 per kilogram, which represents a 60 percent reduction in current costs.
Of the $ 75 billion investment, the amount to be spent on hydrogen is yet to be revealed.
Many other firms based in India such as Adani Enterprises Ltd. and NTPC Ltd. they have also put in place green hydrogen strategies.
OCP Ecuador, which operates Ecuador’s heavy-duty pipeline secretly, stopped the dirty pump on Saturday as a precautionary measure after the outbreak in the Amazon, and began cleaning and repairing.
The blast happened late Friday in the Piedra Fina area, located in the Amazon region of Ecuador when landslides that eased the OCP pipeline and the state-of-the-art SOTE pipeline stopped pumping in December, forcing the government to declare greater power over oil sales and production. .
“OCP Ecuador S.A. announces that crude oil pumping has been suspended as a precautionary measure, and will be restarted when conditions allow,” the company said in a statement.
Remedial measures include spilled contaminants so as not to contaminate large amounts of water, the company said. He said he had started repairing the pipeline.
Soil erosion has been steadily declining in the area since 2020, threatening pipelines and causing problems for Ecuador’s major power plants and highways.
The OCP Ecuador said on Friday that the pipeline had exploded in an undisclosed location in the rivers, and that it had controlled oil flow. However, the indigenous organization CONFENIAE said communities were already affected.
“The impact of the oil spill has reached the Kichwa community in Panduyaku province in Sucumbíos,” CONFENIAE said in a Twitter message, along with a video showing polluted water in the river.
Both pipelines burst in 2020 due to erosion, which caused oil spills on the Coca River and affected many Amazon communities.
Energy Minister Juan Carlos Bermeo said he was looking into the situation.
OCP Ecuador has used measures to ensure that oil flows or crude exports are not affected, he said.