Chongqing Uses Alipay Blockchain to Reduce Enterprise Registration Time to Just Three Days

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The central Chinese municipality of Chongqing has used Alipay’s blockchain technology to develop a new administrative services platform that dramatically reduces the amount of time required by enterprises to file for registration.

The Chongqing Blockchain Administrative Services Platform (重庆区块链政务服务平台) recently commenced official operation, enabling Chongqing-based enterprises to slash registration times from roughly two weeks to just several days.

The platform marks the first time that Chongqing municipality has applied the Alipay blockchain to the sphere of administrative services.

According to Chongqing officials the use of “financial-grade blockchain technology” helps to ensure that all data employed during registration procedures is traceable and impervious to tampering.

The Chongqing government is also touting the ability of Alipay’s blockchain technology to raise the convenience and efficiency of administrative services, with one official stating that it enables “data to roam more and members of the public to run around less.”

Entrepreneurs seeking to register prospective companies now only need to log on to the Chongqing Online Official Services Hall (重庆市网上办事大厅) to submit requisite materials and information at once via a centralised website, in order to complete procedures for licensing and seal production.

State media reports that the new blockchain-driven platform removes the need for repeat or duplicate submission of forms and information that characterises conventional registration procedures, helping to reduce the registration and licensing period to a minimum of three working days.

Once business licenses are reviewed and approved, related data can be dispatched to the blockchain in real time, ensuring the reliable circulation and sharing of information between Chongqing’s regulatory authorities.

Chongqing officials said that they expect to apply blockchain technology to more areas of public life in future, in order to raise efficiency and general satisfaction with government services.

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