China's State Council has outlined a plan to integrate blockchain technology into housing transactions and property registration by 2026, aiming to enhance urban governance through smarter and more precise management. According to ChainCatcher, the plan includes the development of a foundational platform for city information models (CIM), which will serve as a unified, data-integrated, and efficient digital base for urban areas.
The initiative also involves improving the CIM database and standard system, assigning codes to buildings and municipal facilities, and establishing a national database for housing and municipal infrastructure. Additionally, the plan seeks to strengthen a three-tiered urban operation management service platform at the national, provincial, and city levels to facilitate comprehensive urban management.