People's Network: Blockchain will usher in five major advantages, such as industry upgrades and industrial chain reshaping.

Article source: People's Network

Original title: "The blockchain will usher in five major developments"

People's Daily Online, Beijing, October 26 (Huang Sheng Chen Yu) On the afternoon of October 24, the Political Bureau of the CPC Central Committee conducted the 18th collective study on the status quo and trends of blockchain technology development. Xi Jinping, general secretary of the CPC Central Committee, emphasized that the integration and application of blockchain technology plays an important role in new technological innovation and industrial transformation. It is necessary to use blockchain as an important breakthrough for independent innovation of core technologies and clarify the main direction. Increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.

The speech of General Secretary Xi Jinping has brought significant influence to the blockchain industry, will accelerate the transformation of the blockchain industry, accelerate the application and promotion of blockchain, and accelerate the innovation and development of the blockchain industry.

Promote blockchain industry upgrades

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

Ren Ping, a special expert of the People's Network Blockchain Research Institute and the head of China Finance Research Center of Tsinghua University, said that blockchain technology has existed for a long time, and the goal is to decentralize or de-intermediate peer-to-peer transactions. Transaction of goods also has inter-currency transactions, which is conducive to achieving fair competition in the whole society and realizing the perfection of the market economy and business model.

Xi Jinping pointed out that the application of blockchain technology has extended to digital finance, Internet of Things, intelligent manufacturing, supply chain management, digital asset trading and other fields. China has a good foundation in the field of blockchain. It is necessary to accelerate the development of blockchain technology and industrial innovation, and actively promote the development of blockchain and economic and social integration.

Xi Jinping also pointed out that it is necessary to strengthen basic research, enhance the original innovation ability, and strive to let China take the leading position in the emerging field of blockchain, occupy the commanding heights of innovation, and gain new industrial advantages.

Liu Xiaolei, a special expert of the People's Network Blockchain Research Institute, director of the Finance Department of Peking University Guanghua School of Management, and director of the blockchain laboratory, said that the blockchain has a wide range of application scenarios in foreign trade and supply chain management. For example, she said that the blockchain's landing in supply chain finance can integrate data from vertical industries. If you can open data along the supply chain in various industries, not only can improve the efficiency of management operations, but also better solve the problem of financing difficulties and financing of untrustworthy small suppliers, and promote the upgrading of the entire industry.

Promote the development of the underlying technology of blockchain

While studying, Xi Jinping also emphasized that it is necessary to promote collaborative research, accelerate the breakthrough of core technologies, and provide safe and controllable technical support for the development of blockchain applications. It is necessary to strengthen the research on blockchain standardization and enhance the right to speak and rule in the world. It is necessary to speed up industrial development, give play to market advantages, and further open up the innovation chain, application chain and value chain. It is necessary to build a blockchain industry ecology, accelerate the deep integration of blockchain and frontier information technologies such as artificial intelligence, big data, and Internet of Things, and promote integrated innovation and integration applications.

In Liu Xiaolei's view, the simplest application of the blockchain is to keep the information on the chain and save it forever. Further application is to realize the use of data sharing and smart contracts, which not only improves efficiency, but also solves many human intervention problems.

Liu Xiaolei believes that the blockchain as a core technology helps to achieve data sharing, but the underlying technology of the blockchain is still immature and needs further research and development. For example, zero-knowledge proof, cryptographic operations and other technologies, if better breakthroughs, help solve the problem that data is difficult to identify and difficult to share.

Liu Xiaolei said that, unfortunately, some time ago, the largest application of the blockchain became the issue of currency and illegal fund-raising, which made the application of blockchain technology not paid enough attention and promotion.

Liu Xiaolei also said that in the past, everyone paid too much attention to the business model and ignored the core technology development. Because technology development is a slow process, General Secretary Xi Jinping's speech can promote the development of the underlying technology and increase the emphasis on technology development.

Conducive to the sustainable development of business models

Liu Xiaolei said that for the blockchain company, the demand for data access and sharing is very urgent. Only after the data is opened can the risk control and process function better. From this perspective, the future data is the asset.

Liu Xiaolei said that in addition to various banks, local governments, and even the vertical industry supply chain, if the blockchain technology can open the data, then under the entire supply chain system, small suppliers to secondary suppliers, from one From the level of suppliers to the core enterprises, there is a sustainable business model and the economy can develop better.

A blockchain industry insider said that General Secretary Xi’s speech can help the blockchain industry to clear the source and promote the continued investment of the community in the blockchain field, and firmly support the technology and intellectual property innovation. He also firmly believes that Companies with core technology developments bring a round of dividends. In the next three to five years, the blockchain industry will focus entirely on the promotion of technology, including artificial intelligence, Internet of Things, 5G and other digital technologies, as well as integration with the real economy.

Promote the reshaping of the industrial chain

Xi Jinping pointed out that it is necessary to use blockchain technology to explore digital economic model innovation, provide power for creating a convenient, efficient, fair competition, stable and transparent business environment, and provide services for promoting supply-side structural reform and realizing the effective docking of supply and demand in various industries. Provide support for accelerating the transformation of new and old kinetic energy and promoting high-quality economic development.

Chen Lei, CEO of Thunder Group and CEO of Netcore Technology, said that in the early days of Internet development, connectivity was the core appeal of science and technology workers. All of the early architectures and protocols of the Internet were aimed at bringing faster and more convenient connections to society.

Chen Lei said that for the first time, the blockchain proposed to regulate the Internet through algorithms and protocols, and to protect users' property security through a consensus mechanism. By giving rules to the Internet, the blockchain can truly realize the technological governance of the Internet and effectively improve the efficiency of social management.

Chen Lei also believes that the technical advantages of blockchain distributed and weakly centralized can realize trust transmission and information penetration, improve collaboration efficiency, and solve the integrity, authenticity and uniqueness of traditional industrial value transmission process to some extent. The problem is to reduce the risk and cost of value transmission and improve the efficiency of transmission.

In addition, Chen Lei also said that in the era of digital economy, users gradually replaced capital as the largest company value, and if it is still in accordance with the traditional value distribution system, it is obviously no longer reasonable. Blockchain technology can reconstruct the value distribution system of traditional industries, integrate ordinary users into industrial value distribution, and solve the problem of quantitative and incentive contribution of large-scale user participation, thus changing the incentive mode and value distribution system of industrial development. Promote the reshaping of the industrial chain.

Li Ming, director of the China Electronics Technology Standardization Research Institute and Blockchain Research Office, believes that building industry sharing and service platforms based on blockchain technology, innovating industrial service models, improving economic exchange revenue, and improving and upgrading industrial forms.

Promote the safe and orderly development of the blockchain industry

There have been many twists and turns in the development of the blockchain industry, and ICO has cast a shadow over blockchain technology.

Xi Jinping emphasized that it is necessary to strengthen the guidance and regulation of blockchain technology, strengthen the research and analysis of blockchain security risks, closely track development trends, and actively explore development laws. It is necessary to explore the establishment of a safety guarantee system that adapts to the blockchain technology mechanism, and guide and promote blockchain developers and platform operators to strengthen industry self-discipline and implement safety responsibilities. It is necessary to implement the rule of law network into the management of blockchain and promote the safe and orderly development of blockchain.

Liu Xiaolei suggested that in the development of blockchain technology innovation, many blockchain technology companies may emerge in various places in the near future. I hope that the governments of all countries will carefully discriminate, and beware of many illegal and illegal activities under the banner of the blockchain.

He Ping also said that in China, the separation of the chain and the currency circle is extremely normal, and the latter may contain more risks. Only when the regulator controls the risk can a new entrepreneurial model be established.

In He Ping's view, the blockchain industry is more focused on application development, focusing on improving the operational efficiency of the entire industry, the safe and orderly development of blockchain technology, and the introduction of a large number of innovative and entrepreneurial talents.

(Editor: Huang Lingli, Chen Jian)