International New Economic Research Institute (INERI) launched the "China Blockchain City Index" and "China Mutual Aid City Index"
HONG KONG, April 29, 2020 /PRNewswire/ -- International New Economic Research Institute (INERI) and EAS Global Mutual Aid Platform (EAS) today jointly launched the "China Blockchain City Index" and "China Mutual Aid City Index". Shenzhen ranked first in the Blockchain City Index, and Shanghai ranked first in the Mutual Aid City Index. This is the first time that a global research institute has ever published China Mutual Aid City Index, which has attracted great attention from industry experts and government agencies.
INERI acquired statistics from CEIC Data which provides the most expansive and accurate data insights into both developed and developing economies around the world. With a team of expert analysts, doctors and professors. INERI complied the latest "China Blockchain City Index" which ranks China's 100 largest cities according to their economic development level, registered population and financial infrastructure for digital economy. The pilot cities of DCEP, China's national digital currency, namely Shenzhen, Chengdu and Suzhou ranks 1st, 12th and 17th respectively. Xiong'an City is not included in the list.
One of the important application scenarios of blockchain technology is mutual aid industry. Based on the registered population, government expenditure on social welfare, employment, health care and family planning, the number of citizens with internet access, "China Mutual Aid City Index" scores China's first 100 cities with internet access rating and social welfare rating per capita. Shanghai ranks first, Shenzhen ranks second and Beijing ranks third on the Index.
Mr. Rao Fu Tony, executive director of INERI, and senior consultant of EAS blockchain platform, said: "After months of research, we found that the rankings of 'China Blockchain City Index' and 'China Mutual Aid City Index' coordinate with each other. For example, Beijing and Shenzhen both rank top 3 in the two indexes. The two cities not only have achieved a high level of blockchain technology development, they are also ahead of other cities in areas of social welfare development. Blockchain will revolutionize mutual aid industry. If mutual aid system is widely promoted in these cities, these top cities will have a first-mover advantage."
There are many reasons why some cities are behind in the ranking. Blockchain is a new technology, which provides the possibility for cities to come from behind and take the lead. Under the current COVID-19 pandemic, it is believed that EAS Platform which is built on blockchain can contribute to the improvement of mutual aid level among citizens and promote the real daily application of blockchain.
Mutual aid is a protection system that collects medical expenses for the recipients after its member is dragonized with certain kind of critical illness based on the collective contract. The popularity of mutual aid can reflect a city's economic development level. Xiang Hu Bao, a mutual aid platform launched by Alibaba and Shuidichou.com, China's current largest free platform which raises money for patients in need, are typical internet mutual aid platforms based on the traditional Internet infrastructure. With the development of blockchain technology, a new kind of mutual aid system based on distributed ledger technology will be the future.
The two lists have been distributed to well-known economists, securities analysts, fund managers and professional researchers, and are expected to provide important reference value for national government agencies to lay out the blue map for the blockchain industry and mutual aid development. In the future, INERI will continue update the list to the public.
Founded in 2017 and headquartered in Hong Kong, the International New Economic Research Institute (INERI) is committed to providing the government regulatory authorities and traditional industry companies with insights of new financial economy and blockchain development. The company has rich connections with fund managers and the media, and provides capital, industry research insights, blockchain solutions, and consulting services to clients.
EAS is a global mutual aid platform built on blockchain and AI. It combines the technology and insights of blockchain, insurance expertise, and artificial intelligence (natural language processing, image recognition, speech recognition), and solves key problems in traditional internet mutual aid systems.
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