Global News

• China may use blockchain to organize and incentivize its military
• Could China’s embrace of blockchain cause another pump?
• The people’s republic softens its stance on crypto.

China’s latest blockchain initiative could see its army rewarded in cryptocurrency tokens.

Just as the blockchain hype in China appeared to be simmering down some, The People’s Liberation Army (PLA) Daily –  a state-sanctioned newspaper of the Chinese army – proposed a blockchain-focused overhaul of the country’s military.

According to the report, personal data management may be shifted to the blockchain to increase efficiency. Further, crypto tokens could be used to incentivize soldiers to heighten performance in both missions and training. Information pertaining to military personnel such as training reports and mission data would be collated via blockchain technology.

This would create a personal record stored on the database, which would, in turn, be used to evaluate performance. Tokens would be rewarded for achievements, and deducted for poor performance, the PLA relays. At present, the PLA rewards and promotion system is a lengthy process that only recognizes exceptional achievements.