Academician of the Chinese Academy of Engineering, He Hezhen: Blockchain, Internet of Things and third-party institutions combined with the Industrial Internet

The former vice president and academician of the Chinese Academy of Engineering, He Hezhen, pointed out that technologies such as 5G, Internet of Things, cloud computing, big data, blockchain and artificial intelligence will play an important role in the industrial Internet. The blockchain is combined with the Internet of Things and third-party institutions to empower the Industrial Internet. The problem of credit reporting in the industrial Internet can be solved by means of blockchain. The blockchain can guarantee the integrity of the transaction process through four key encryption security methods, such as block-chain data structure, distributed ledger, digital signature and smart contract, through algorithms without the intervention of third-party organizations.