China suggests using cryptocurrency to encourage military

The official newspaper of the People’s Liberation Army of the People’s Republic of China PLA Daily proposed encouraging cryptocurrency soldiers for good service. It is reported by the South China Morning Post.

The newspaper described a blockchain-based reward system for army personnel with tokens for academic excellence and effective completion of tasks.

“Assigning or retaining tokens in accordance with daily work and, thus, conducting an objective assessment will contribute to enhancing human resource management,” the article says.

The military publication’s proposal came a few weeks after President Xi Jinping announced the importance of introducing blockchain technology and called for increased investment in it.

“Blockchain technology solved the problem of the vulnerability of traditional digital data to falsification or hacking and inaccuracy,” the PLA Daily article noted.

In the army, blockchain can be used to store sensitive data, personal information, training results, the newspaper believes. Using distributed ledger technology can also improve logistics performance.

Earlier, the high potential of the blockchain in the military sphere was noted by the Minister of Defense of India.

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