Blockchain Might Play a Significant Role in China’s Tax Credit System

              本文重点:Blockchain Might Play a Significant Role in China’s Tax Credit System

              Evidently,blockchain’scharacteristicofresistancetomodificationofthedata,openledgerandcostefficiencycouldpote,ApplicationofBlockchainTechnologyPromotesChina’sTaxPaymentCreditManagementStudypublishedonChina’sTaxWebsitediscussedthepossibilityofblockchainsolutionstothecountry’,“lowercostsandincreasesecurity,aswellasenhancethespeedinwhichitaccessesandreviewstaxpayerdata.”Evidently,blockchain’scharacteristicofresistancetomodificationofthedata,openledgerandcostefficiencycouldpotentiallymakesitanunde’sTaxWebsiterestatesblockchain’sdefinitionof“distributedledger,node-to-nodetransaction,consensusmechanismandcryptography”from2016’sChina’sBlockchainTechnologyandApplicationProgressWhitePaper,itfurtherstressesthetechnology’snatureofdecentralization,opennessandself-governgementsystem,accordingtothearticle,includedatasecurityandinformationasymmetry,scientificissuebehindcreditranking,constantexpansionfacedbycre,thearticleproposedblockchain-basedtaxcreditevaluationandmanagementsystemdesignincluding:,’isciplinarymechanismintaxpaymentcreditsystemAsreported,integratingblockchaintechnologyintotaxpaymentcreditsystemallows“taxpayerstogetmoreinvolvedinsocialgovernanceandinturn,awayfordepartmentstojoineffortinincentiveanddisciplinarymechanisminregardsoftaxpaymentcredit.”。