Public investment and infrastructure projects often involve multiple stakeholders, long delivery cycles, complex workflows, and significant fund flows. These characteristics create higher requirements for cross-agency coordination, payment transparency, process accountability, and end-to-end fund oversight.
Hyperchain Technology, in collaboration with China Construction Bank, developed a blockchain-based fund oversight system for Xiong’an New Area. By integrating blockchain, smart contracts, and trusted data recording capabilities, the platform enables reliable documentation of project data, fund flows, and payment chains.
The system supports traceable fund allocation, process-level audit trails, and collaborative oversight among participating institutions. It helps public finance departments and relevant stakeholders improve fund management efficiency, enhance operational compliance, and reduce risks related to delayed payments or irregular project subcontracting.
To date, the platform has connected more than 20 banks and supported the oversight of over RMB 10 billion in project funds.
Key Value
1. Trusted Traceability of Project and Fund Data
The platform records key information such as project progress, contract details, fund allocation, and payment status on blockchain. This enables trusted data sharing and traceability among participating nodes, improving transparency across the project lifecycle.
2. On-Chain Process Records for Evidence-Based Oversight
Critical stages including project execution, fund allocation, and payment flows are recorded on chain. This allows authorized parties to verify lifecycle data, strengthen process accountability, and improve risk identification.
3. Smart Contracts for More Standardized Operations
Smart contracts enable automated verification of business information and rule-based execution. With tamper-resistant on-chain records, the platform reduces manual review efforts and improves the standardization, credibility, and auditability of fund management processes.
By bringing project data, fund flows, and business rules onto a trusted digital infrastructure, the platform enables more transparent, accountable, and efficient fund management for large-scale public infrastructure projects.
