China's ambition to record government and commercial activity on a blockchain has a new engine: a 1,000-server cluster in Beijing capable of handling 240 million smart contract transactions each second.One is that this rig uses homegrown tech. The cluster is linked to– a made-in-China blockchain platform that's been contributed to and/or adopted by significant Chinese private and government enterprises.
With the USA leading bans on export of high tech to China, rigs like this show that Beijing can build big and complex things. The second reason is that this rig demonstrates that Beijing's drive for extensive blockchain use is real, and ready to roll.on the cluster explain, it will be used to secure and record transactions across 80 departments, 16 districts, and organizations in the fields of transportation, finance, and telecommunications, and is intended to ensure information flows back to Beijing to realize"efficient coordination of the governance system.
And at quite a scale, suggesting China is going to make smart contracts an important part of its business environment. It's just the sort of thing one might expect in a single party state that exercises close control over economic development and likes to keep tabs on organizations' performance.