The Beijing Optimized Business Regulations will be implemented today. The regulations include the use of blockchain technology to optimize the business environment

The Regulations of Beijing Municipality on Optimizing the Business Environment has been adopted by the 20th meeting of the Standing Committee of the 15th Beijing Municipal People’s Congress on March 27, 2020, and will come into effect today (April 28, 2020) The “Regulations” include the establishment of a blockchain-based enterprise electronic identity authentication information system, the promotion of the application of new-generation information technologies such as blockchain and artificial intelligence in the field of government services, and the use of blockchain technology to promote VAT electronic invoice And other electronic bills.