Wuzhen Site, ZTE Zheng Jinrong: Using Blockchain Technology to Promote 5G Network Infrastructure Construction and 5G Industry Application Development

Babbitt reported that the "2019 World Blockchain Conference·Wuzhen" hosted by Babbitt was held at the Wuzhen Internet International Convention and Exhibition Center from November 8th to 9th. On the afternoon of the 9th, "deciphering the 5G+ blockchain, for the sake of fashion, is it practical?" At the roundtable forum, Zheng Jinrong, director of blockchain product planning at Zhongxing District, said that ZTE mainly viewed the integration of 5G and blockchain from two directions: The first direction is to use blockchain technology to promote and promote the construction of 5G network infrastructure. Especially for scenarios such as co-construction and sharing, edge computing, and network slicing of 5G networks, blockchain technology can provide a good solution. For example, in the 5G network co-construction and sharing scenario, the blockchain provides the function of distributed accounting and cannot be tampered with, and all the operating nodes are supervised, which makes the operators participating in the co-construction and sharing more fair, and the smart contract can realize intelligence. The infrastructure resource sharing, cost settlement and value transfer make the operation and maintenance of the 5G network more open, transparent and authentic, and achieve multi-party revenue sharing. The other direction is that 5G has the characteristics of low latency, high bandwidth and large connection. Such features will bring many new application scenarios, such as Internet of Things, Internet of Vehicles, Intelligent Manufacturing, Industrial Internet and new smart city construction. Etc., the blockchain's non-tamperable, traceable, and smart contracts technologies will accelerate the adoption of these new 5G industry application scenarios.