Dareway, a company affiliated to Shandong University (SDU), was listed in the latest "100 Innovative Applications of Blockchain in China" issued by the Chinese Academy of Engineering with its two cases, "Blockchain and Government Affairs Services" and "Blockchain and Inclusive Finance".

The "Blockchain and Government Affairs Services" case helps solve the problems of cross-department, cross-system and cross-business information sharing and repeated submission of government data such as licenses and certificates.

The case has been applied in the Jinan Area of China (Shandong) Pilot Free Trade Zone, where it has handled 32,000 government affairs in the last two years, reducing average processing time by 31 percent and necessary materials by 23 percent.

The case is being promoted and applied in more than 10 cities and high-tech zones in Shandong province and other provinces.

The "Blockchain and Inclusive Finance" case formed a new mode of orderly data sharing, which integrates government data chain, individual authorization, social usage, and whole process supervision.

By the end of 2021, 24 Jinan-based commercial institutions had docked and applied for the "Blockchain and Inclusive Finance" case, and 17 Jinan-based commercial banks had launched approximately 30 types of inclusive finance credit products online.

Dareway, a pioneer in China's block chain industry, has been conducting research on block chain technology and applications since 2015, and it will continue to expand its efforts to explore block chain technology and applications in more areas.

A screenshot of the "Blockchain and Government Affairs Services" case. [Photo/sdu.edu.cn]

A screenshot of the "Blockchain and Inclusive Finance" case. [Photo/sdu.edu.cn]