Application of blockchain technology in the renovation management of old neighborhoods

Abstract

In the old neighborhood renovation process in the past, because of the large amount of funds involved, cumbersome procedures and processes, many participating units and independent databases of different government departments, it directly leads to a series of problems such as the difficulty of data information integration. Blockchain has the characteristics of non-tampering, traceability and decentralization. In this context, applying blockchain technology to the management process of old neighborhood renovation has become a new idea.