It is not enough to have a blockchain, and there is a way out in combination with AIOT.

Source: Ji Shi Communication
The blockchain can't cover everything. It also needs to combine various technical means such as Internet of Things, AI and 5G to effectively solve the pain points in the landing scene. The blockchain really plays its due role.

Summary

The blockchain is enough to ensure that the data is credible, but the blockchain is not enough. There are still two major pain points in the supply chain finance. The data on the blockchain has the characteristics of tamper-proof. Through the analysis of historical data, the traceability of trade and the credibility of data have been guaranteed. However, this does not solve all the problems – in the actual landing, there are still two core pain points: 1) Enterprise data "winding up", forming trust data that can be traced back to financial institutions, but enterprises must have data Privacy concerns, whether it is a core enterprise or a supplier, will core data, and form a data chain that cannot be tampered and traceable to the financing party. Enterprises will inevitably worry that the data will be exposed to external risks; 2) In the supply chain In trade, the data on the chain is indeed credible, but whether the physical trade and goods flow under the chain is true constitutes the “last mile” pain point in the supply chain.

Based on the blockchain-based platform, combining the Internet of Things and AIOT to solve the whole process of trade credibility is the general direction of the industry development. In July this year, the China Insurance Regulatory Commission issued the "Guiding Opinions of the General Office of the China Banking Regulatory Commission on Promoting the Supply Chain Financial Services Entity Economy" to major banks and insurance companies. The opinion was to encourage bank insurance institutions to adopt new technologies such as the Internet of Things and blockchain. Embedding the transaction link.

The blockchain is combined with technologies such as AIOT, and online and offline linkage is the general direction of industry development. The combination of online and offline and blockchain technology alone is difficult to solve independently. Through the combination of technologies such as the Internet of Things and AI to complete the deep binding of online and offline, the goods flow, data chain and credit transfer are transparent, further promoting supply chain financing convenience and improving efficiency. The industry companies represented by Yijian shares and Tencent actively explored the integration of blockchain and Internet of Things, AI and 5G technologies, solved the two core pain points of the supply chain industry, and promoted the acceleration of supply chain finance.

The data on the blockchain is credible, but it is not enough to have reliable data. In the process of combining the blockchain with the real economy and applying the project, there are still many difficulties and details that need to be polished and developed. The blockchain can't cover everything. This is the basic platform for data credibility. It also needs to combine various technical means such as Internet of Things, AI and 5G to effectively solve the pain points in the landing scene. The blockchain really plays its role. The role.

Last week's market review: Chainext CSI 100 decreased by 5.3%, and the Internet of Things & Traceability performance was the best in the segment. From the breakdown of the segment, payment transactions, IoT & traceability, entertainment social, commercial finance, basic enhancement, base chain, storage & computing performance is better than the Chainext CSI 100 average, respectively -4.78%, +33.78%, +0.7 %, -3.18%, +0.32%, -2.48%, -2.88%, the pure currency, AI sector performance was inferior to the Chainext CSI 100 average, with -5.33%, – 5.80%.

Risk warning: regulatory policy uncertainty, project technology progress and application landings are not as expected, and cryptocurrency-related risk events occur.

1. Hotspot tracking: there is not enough blockchain in light, and there is a way out in combination with AIOT

Event: The market continued to fluctuate this week. Recently, Yijian shares officially released two new products based on blockchain and IoT technology in the “Trusted Supply Chain Financial Technology Innovation Seminar” held in Beijing. And shared the supply chain trade management and supply chain financial solutions and industry practice experience based on these two products.

In the first half of this year, Tencent Cloud Blockchain Supply Chain Finance (Warehouse Commodity Pledge) solution was awarded “CITE2019 Blockchain Excellent Solution”. The industry companies represented by Yijian shares and Tencent actively explored the integration of blockchain and Internet of Things, AI and 5G technologies, solved the two core pain points of the supply chain industry, and promoted the acceleration of supply chain finance.

The blockchain is enough to ensure that the data is credible, but the blockchain is not enough. There are still two major pain points in the supply chain finance. The data on the blockchain has the characteristics of tamper-proof. Through the analysis of historical data, the traceability of trade and the credibility of data have been guaranteed. However, this does not solve all the problems – in the actual landing, there are still two core pain points: 1) Enterprise data "winding up", forming trust data that can be traced back to financial institutions, but enterprises must have data Privacy concerns, whether it is a core enterprise or a supplier, will core data, and form a data chain that cannot be tampered and traceable to the financing party. Enterprises will inevitably worry that the data will be exposed to external risks; 2) In the supply chain In trade, the data on the chain is indeed credible, but whether the physical trade and goods flow under the chain is true constitutes the “last mile” pain point in the supply chain.

Based on the blockchain-based platform, combining the Internet of Things and AIOT to solve the whole process of trade credibility is the general direction of the industry development. In July this year, the China Insurance Regulatory Commission issued the "Guiding Opinions of the General Office of the China Banking Regulatory Commission on Promoting the Supply Chain Financial Services Entity Economy" to major banks and insurance companies. The opinion was to encourage bank insurance institutions to adopt new technologies such as the Internet of Things and blockchain. Embedding the transaction link. The blockchain is combined with technologies such as AIOT, and online and offline linkage is the general direction of industry development.

This year, the results of the blockchain innovation results were announced at the 7th China Electronic Information Expo (CITE 2019). Tencent Cloud Blockchain Supply Chain Finance (Warehouse Commodity Pledge) Solution was awarded “CITE2019 Blockchain Excellent Solution” . The program fully integrates Tencent cloud blockchain technology with warehouse receipt pledge financing scenarios, and combines the technical capabilities of intelligent warehousing, smart Internet of Things, artificial intelligence, and big data analysis to effectively solve the identity trust and risk in the traditional warehouse receipt pledge financing process. Control and inefficiency issues.

Blockchain as a tamper-proof, traceable database ledger can ensure the authenticity of the data chain; but the online and offline combination of blockchain technology alone is difficult to solve independently. Through the combination of technologies such as the Internet of Things and AI to complete the deep binding of online and offline, the goods flow, data chain and credit transfer are transparent, further promoting supply chain financing convenience and improving efficiency.

Easy View has released two new products based on blockchain and IoT technology, such as “trusted data pool” and “trusted warehouse”, and actively explored the application of supply chain financial applications. As early as 2016, Yijian Co., Ltd., one of the first domestic application companies in the supply chain finance sector with regional blockchain technology, cooperated with IBM China Research Institute to develop a supply chain financial platform based on blockchain technology. The block was first launched in April 2017. As of the end of October 2019, the platform service involved nearly 10 industries including manufacturing, medicine, logistics, bulk, aviation and real estate.

On November 16, 2019, Yijian shares officially released two "blocked data pools" and "trusted warehouses" based on blockchain and Internet of Things at the "Reliable Supply Chain Financial Technology Innovation Seminar" held in Beijing. The new technology products provide solutions to the two pain points of supply chain data security and physical goods flow authenticity, and share supply chain trade management and supply chain financial solutions based on these two products, and industrial practice experience. .

The data on the blockchain is credible, but it is not enough to have reliable data. In the process of combining the blockchain with the real economy and applying the project, there are still many difficulties and details that need to be polished and developed. The blockchain can't cover everything. This is the basic platform for data credibility. It also needs to combine various technical means such as Internet of Things, AI and 5G to effectively solve the pain points in the landing scene. The blockchain really plays its role. The role.