Tencent blockchain will change for the first time, Cai Yige will no longer serve as general manager

The Zinc Link has been exclusively informed by Tencent Blockchain partners that Cai Weige, general manager of the blockchain business of Tencent, will have a job change in recent days.

The news was also confirmed by Tencent-related insiders. Another sign is that in the recent news, the spokesperson of the Tencent blockchain became its technical general manager Li Maocai.

This is the first time that the Tencent Blockchain team has been re-elected since its inception at the end of 2015.

During his tenure, the largest volume of business promoted by Cai Xiaoge was the blockchain invoice of Tencent, and it was also the fastest growing business of the blockchain in Tencent in the past year.

But compared with the Libra project initiated by another social giant Facebook, the Tencent blockchain is too conservative and cautious, but it has been following the Tencent industry Internet.

"Tencent's technology reserves are very strong, and it should have made more achievements in the blockchain field." One industry person commented on the Tencent blockchain business.

Cai Yunge

At the end of 2015, Tencent began to build a blockchain team. Cai Yuge became the head of the block chain of Tencent, and became the general manager of the blockchain business.

Previously, Cai Weige was the senior director of Tencent FiT Financial Product Innovation Lab. As an "old Tencent person", he joined Tencent after graduating from the Department of Computer Science of Nanjing University in 2004. He has worked in technology, product planning, and product operations.

Cai Gege Photo from the Internet

Cai Yige, who is a research and development person, seems to be unhappy and has a sense of alienation from the industry. I don't often deal with the media, and I don't have much enthusiasm for my peers. "There is still a bright face, and I don't care about it in the back." An expert who dealt with the blockchain of Tencent told the zinc link.

In public, Cai Yige talked more about the business of the Tencent blockchain and rarely published personal opinions.

Cai Yuge Quotations
  • There are three modes of financial blockchain application: reconfiguration is credit transferability, credit can be penetrated, and credit can be expanded.
  • The closed-loop life cycle of the invoice is the most effective way for the company's own credit, and the blockchain can expand the credit source in the financial field.
  • TPS is not important, just enough.
  • Blockchain practitioners tend to have small, sensitive and fragile hearts that are often eager to recognize and arrogant. The application of the financial blockchain should pay more attention to the essence of thought, and abandon unnecessary contempt and eclecticism.
  • We will do a good job in the field of supply chain finance, and then stack the blockchains to make a deeper breakthrough.

Tencent blockchain for 4 years

Cai Weige: Taking the alliance link line, the platform capability we have accumulated over the years will not be worse than the new platform. This is a reality.

At the end of 2015, Tencent began to build a blockchain team. In an interview with the media, Cai Yige said that the technical talents of the team are basically transformed from within Tencent. The first R&D team was established to confirm the technical route and build from scratch.

"The blockchain industry is very new, and few people have done it. Just like the arrival of mobile networks in the past, it is very difficult to recruit Android and IOS development. We are all training ourselves," he said.

Up to now, according to close insiders, the existing research team in the blockchain of Tencent has about 80 people, including more than 30 technical backbones.

It is reported that the blockchain business of Tencent is divided into three teams. One is the Tencent blockchain led by Cai Yongge, focusing on the application of the alliance chain; the second is the bottom-level development team of Tencent's blockchain; the third is Tencent Cloud District. Blockchain team.

"In fact, Tencent has a lot of people. They didn't push a lot of energy in this direction, just to make it a pilot of new technology."

Until the end of 2016, Tencent did not have much sound in the blockchain business. In 2017, Tencent started its white paper and began to explore its blockchain business.

In April, Tencent released the "Blockchain Program White Paper", summarizing the main scenario solutions of the Tencent blockchain: forensic proof, shared ledger, smart contract, sharing economy, digital assets, etc.

According to the planning of the white paper, the Tencent blockchain launched the public interest tracing chain and the BaaS open platform, and launched two scenario solutions: sharing books and digital assets.

In 2018, the blockchain layout of Tencent began to accelerate.

In the two sessions in March, Chairman of Tencent's Board of Directors Ma Huateng said in his speech that Tencent is laying out the electronic bill business, and the blockchain invoice is the highlight of the year.

In May, the “Zhi Tax” Innovation Laboratory was established with the Shenzhen Taxation Bureau of the State Administration of Taxation; in August, in the Shenzhen Guomao Rotating Restaurant, the “Zhi Tax” Innovation Lab opened the “National First Blockchain Electronic Invoice; 11 In the month, China Merchants Bank, as the first financial institution to intervene in the system, Wal-Mart extended the scene to retailers; in December, WeChat paid merchants platform on-line blockchain electronic invoicing function, merchants can access the system at zero cost.

In addition, Tencent also applies regional blockchain applications in logistics, medical, and gaming. But overall, in the application exploration, the Tencent blockchain does not take precedence over the industry as a whole.

Tencent blockchain, the four-year event

From the perspective of the past four years, supply chain finance is a big scene targeted by the Tencent blockchain, and blockchain invoices are the entry point.

A subset of the Industrial Internet: Supply Chain Finance

Cai Weige: Tencent does not participate in supply chain finance, but is fully open to partners in the role of information service.

Tencent's blockchain focuses on supply chain finance. On the one hand, it is policy-oriented. On the other hand, this is related to Tencent's "Industry Internet" strategy in the past two years.

The scale of the domestic supply chain financial market is also sufficient to carry the giant wheel of Tencent. According to PricewaterhouseCoopers, by 2020, the domestic supply chain financial output is expected to reach 15 trillion yuan.

From the perspective of the company's overall strategy, supply chain finance can just become an important starting point for Tencent's layout industry Internet.

Image courtesy of unsplash

In 2018, Ma Huateng announced that the second half of the Internet was the industrial Internet. "The Internet will fully penetrate into the industrial value chain, and transform and upgrade its production, trading, financing, circulation and other links, which can form an extremely rich new scene and greatly improve the efficiency of resource allocation."

On April 12 of the same year, the Tencent blockchain officially released the “Tencent Blockchain + Supply Chain Financial Solution” based on real transaction data under the supply chain scenario.

“Why is this year’s key scenario a supply chain financial platform? Because the blockchain itself has the characteristics of preventing tampering and traceability, as well as going to the center or multi-center, the financial sector itself has high cost of trust and can be combined with financial products. "Cai Yuge answered the media question.

Tencent relies on Lian Yirong to explore the supply chain finance. Lianyirong is also the designated strategic partner of Tencent Blockchain Technology in the supply chain financial scenario, and is expected by Tencent to provide important supplements and strategic layouts at the B-side small and micro enterprise service level.

Blockchain invoice racing

Cai Weige: Through the blockchain technology, the invoice becomes a “paper-like asset”. You have me, I don’t have you. I turned to you, I am gone, it is impossible to copy and paste.

As its biggest achievement, the progress of the blockchain invoice in Tencent has not been smooth. On this track, there are also large companies such as Ant Financial and Aerospace Information.

According to the interface report, in order to win the Shenzhen Taxation Bureau project, Tencent also mobilized the team of hundreds of people in several business groups, which took several years, and even Ma Huateng had participated in the negotiations.

Finally, on August 10, 2018, Tencent Company joined hands with the Shenzhen Municipal State Taxation Bureau to open the country's first "blockchain electronic invoice".

Then, on August 17, Ant Financial Service announced that as early as August 2, Ant Financial Services teamed up with Aerospace Information to test the blockchain medical electronic bill service.

"Who is the first blockchain invoice" once appeared "Rashomon".

Blockchain electronic invoices Zinc link experience screenshot

Duan Jinming, senior expert of Ant Financial Service, said that Guangdong's “tax chain” is the country's first blockchain invoice platform. In June 2018, the system was launched and the country's first blockchain invoice was produced.

However, Cai Weige, general manager of the blockchain of Tencent, said in an interview that Tencent’s blockchain electronic invoices in Shenzhen were the first block-based native electronic invoices, and the “tax chain” platform opened the first. The blockchain electronic invoice only simply "superimposes" the electronic invoice on the blockchain technology.

In addition, Tencent's internal business has also started to go on the market. According to personnel close to Tencent, the underlying technology of the WeChat red envelope program has been modified according to the blockchain.

Despite this, according to industry insiders, most of the application results of the Tencent blockchain are still attributed to its rich resources. Even if the existing technology is connected with resources, it will have different effects from other companies, for example, Tencent Block. Chain invoices, the judicial system of the Guangzhou Internet Court, etc.

In the face of Libra's global financial business expansion, Ali Tencent needs to do more.

On August 18, the State Council issued the opinion on "Supporting Shenzhen to build a pioneering demonstration zone for socialism with Chinese characteristics" and approved Shenzhen's exploration of digital currency. For Tencent, which has to shoulder the heavy responsibility of Guangdong, Hong Kong and Macau, this is a very good policy message.

Domestically, real progress in the blockchain wave requires more open thinking and more open space. The "first demonstration zone of socialism with Chinese characteristics" may be a new opportunity for the blockchain in Tencent.

Text: Chen Haining Zhao Xuejiao
Editor: Wang Qiao