Shenzhen Development and Reform Commission: The registration agency should use blockchain and other relevant technologies to store the data property registration information online

It is reported that on February 20, the Shenzhen Municipal Development and Reform Commission publicly solicited opinions on the “Interim Measures for the Registration and Administration of Data Property Rights in Shenzhen” (draft for comments). The draft clearly states that the registration agency should use blockchain and other relevant technologies to store the registration information on the chain, and properly keep the original certificate of registration and relevant documents and data. The storage period shall not be less than 30 years. The registration authority and its staff have the obligation to keep confidential the data, documents and materials related to the data property registration business according to law.

Interpretation of this information:

The Shenzhen Municipal Development and Reform Commission has requested public feedback on the “Interim Measures for the Registration and Administration of Data Property Rights in Shenzhen.” This draft includes the use of blockchain technology to store registration information and the obligation for registration agencies to maintain confidentiality. Additionally, the draft calls for the proper storage of registration certificates and documents for at least 30 years.

This proposed regulation is a notable development in the Chinese government’s ongoing efforts to establish clear guidelines surrounding data privacy and property rights. By leveraging blockchain technology, the registration process may be more secure and transparent. The increased oversight and attention to data property rights could signal a push towards greater regulation in the data industry in China.

The emphasis on confidentiality and secure data storage aligns with the larger trend towards establishing a more structured and regulated approach to the collection and use of data in China. This is especially significant given the large number of tech firms and startups operating in the country, many of which rely heavily on the collection and processing of vast amounts of personal data.

Overall, this draft indicates a stronger focus on data protection and regulation in China, which could have significant implications for both domestic and international companies operating within the country.