Blockchain station upwind, the industry warns of the risk of issuing coins

Reporter: Luo Yizhen, Zhang Mo Source: Economic Information Daily

The positive factors push the blockchain to the hurdle again, but the risk of speculating the blockchain concept is worthy of caution. Insiders pointed out that the development of blockchain technology is by no means advocating the development of the currency. It is important to promote the deep integration of the blockchain and the real economy, and focus on solving the problems of financing difficulties for SMEs, thus serving the real economy. At the same time, the blockchain has broad application scenarios in many fields such as finance and government affairs, but it will take some time to achieve full landing.

The Political Bureau of the Central Committee of the Communist Party of China recently conducted the eighteenth collective study on the status quo and trends of blockchain technology development. Under the influence of favorable factors, the blockchain has once again become a hot topic. On the 28th, the capital market also gave a strong "resonance" response. Driven by the concept of blockchain, the GEM has become a pioneer. Software, computer equipment and other related concepts are among the top gainers, and more than 70 blockchain concept stocks such as Zhejiang University New and Xinhu Zhongbao are trading at daily limit.

In response to the "chain boom" triggered by the concept of blockchain and the enthusiasm of the capital market, Cao Shengxi, an associate researcher at the Institute of International Monetary Research at Renmin University of China, told the Economic Information Daily.

“The blockchain is an underlying technology that is fundamentally different from concepts such as Bitcoin and ICO (tokens issue). Encouraging the development of blockchain technology is not the same as encouraging the issuance of air coins.”

Industry insiders said that the real purpose of developing blockchain technology is to promote the deep integration of blockchain and the real economy, and focus on serving the real economy.

“As an important emerging technology, blockchain has great potential in promoting the development of digital economy innovation. We need to study blockchain technology in depth, promote the deep integration of blockchain and real economy, and solve the financing difficulties of SMEs and bank risk control. Difficulties and difficulties in departmental supervision."

At the first Bund Financial Summit held on the 28th, Li Wei, Director of the Science and Technology Department of the People's Bank of China, said. Lu Lei, deputy director of the State Administration of Foreign Exchange, also said on the 27th that the foreign exchange bureau is promoting the application of blockchain technology and artificial intelligence in cross-border trade financing and macro-prudential management.

Tang Ning, founder and CEO of CreditEase, pointed out that what really deserves attention is how the new business model brought about by technological innovation can solve practical problems and help the real economy create value, reduce costs and improve efficiency. He said that CreditEase is addressing the challenges of supply chain finance through blockchain technology.

Cao Shengxi said that blockchain technology can solve the pain points caused by information unreality in the real industry. Taking the mining industry as an example, it is difficult for the mining industry to borrow from banks because of the frequent fraudulent exploration documents. “If the blockchain can be combined, the three parties involved in the exploration – the supervision, the survey team and the commissioned exploration team will all enter the chain of the blockchain. The credibility of the previous survey will be greatly improved, and the enterprise will also be based on exploration. The right to obtain financing from financial institutions. This is an example of a blockchain driving the transformation of the real economy," he said.

Xu Mingxing, founding director of the China Blockchain Application Research Center, pointed out that based on its own transparency, non-tampering, decentralization and other characteristics, the blockchain will bring about a substantial change in the production relationship for the real economy, which is expected to be in the block. Chain + travel "blockchain + logistics" "blockchain + new retail" and many other aspects are promising.

However, in view of the application of the blockchain in finance, especially in the currency field, many experts believe that it is time to verify. Xu Xing said that although there have been a lot of technical solutions to improve the performance of blockchain in the past few years, whether the performance of blockchain can support large-scale financial systems is still a question mark.

"The development of the blockchain will take some time, and the concept of speculation is not desirable, and blind flooding into the market will bear higher risks." Cao Shengxi said.