Ba Qian Vice President Ma Qianli: Blockchain can transform production relations and productivity

Babbitt reported on the spot that on December 10, the 2019 Blockchain Innovation Application and Digital Economy Summit Forum hosted by Bridge +, Hangzhou Science and Technology Park, Singapore, New Zealand Digital Economy Development Foundation, and Babbitt opened in Hangzhou. Ma Qianli, Vice President of Babbitt, said that according to the speech of General Secretary Xi Jinping, the blockchain has five functions, namely, promoting data sharing, optimizing business processes, reducing operating costs, improving collaboration efficiency, and building a trusted system. Blockchain can be integrated with big data, artificial intelligence, and the Internet of Things, as well as with the real economy, thereby bringing about changes in production relations and productivity. For example, the Internet of Things and blockchain can achieve on-chain and off-chain integration, the integration of big data and blockchain can realize the ownership of data, and the fusion of artificial intelligence and blockchain can solve the fusion of homogeneous computing power.