Blockchain concept stocks limit: Which technologies are regulated by regulation?

On March 30, the National Network Information Office released the first batch of domestic blockchain information service filing number. 197 blockchain projects were filed.

In this list, people have found various institutions. From Internet giants such as BATJ to traditional companies, from financial institutions to the judiciary, everyone is exploring the various applications of blockchain.

However, as soon as the filing list came out, the whole industry ushered in a round of crazy speculation. Some commentators have shouted that the blockchain industry will get a "right name". On the first A-share trading day after the list was released, the so-called “blockchain concept stocks” had a daily limit.

Calm observers began to appeal to the rational interpretation of blockchain information filing to avoid over-interpretation. Some practitioners pointed out that filing is only the first step for enterprises to carry out blockchain business.

After the currency bubble ebbs, the blockchain industry is returning to rationality. Only by supervising, cooperating with practitioners can we create long-term prosperity in the industry.

01 list released

One and a half months after the implementation of the Regulations on the Management of Blockchain Information Services, on the afternoon of March 30, the National Network Information Office released the first batch of domestic blockchain information service filing numbers.

197 blockchain projects from 18 provinces, municipalities and autonomous regions across the country appeared on this list of filings.

These blockchain projects present a distinct geographical distribution. Of the 197 projects, 165 are concentrated in Beijing, Guangdong, Zhejiang, Shanghai and Jiangsu. Among them, Beijing is the sole seller, and 63 blockchain projects have been successfully filed.

Subdivided into cities, the four cities of Beijing, Shanghai, Shenzhen and Hangzhou are the most concentrated. The total number of recorded projects totals 141, accounting for 72% of the total number of records.

From the project content, the first batch of 197 blockchain projects that have been filed for the project cover all areas where the blockchain has already landed. Among them, traceability, deposit, and BaaS (blockchain as a service) account for the most.

Extract the word cloud generated by the record project service information keyword

Among the main items of these filing projects, there are Internet giants such as BATJ, A-share listed companies, financial institutions, and judicial organs such as the Beijing Internet Court.

According to incomplete statistics, the number of A-share listed companies involved in the first batch of blockchain filing projects has reached 14, including Hailian Jinhui, Yijian, and Anne. Stimulated by the news, most of these stocks were daily limit on April 1.

Financial institutions are another major force in the "recording army."

Taking Ping An of China as an example, Lu Jin, a subsidiary of the group, has filed two services for the Lujin Institute blockchain and the Lujin service blockchain; Ping An’s wallet has filed a digital prepaid card service on the chain; The account chain and the cross-border trade platform of the Tianjin Port blockchain; Qianhai Jinniu Loan has filed the former Jinfu blockchain service.

Among the financial institutions, the banking department is also one of the focuses of attention on this filing list.

Zheshang Bank has entered into the filing list of five blockchain projects, making it one of the main companies in this project.

The Hangzhou Blockchain Technology Research Institute of the Central Bank's China Banknote Credit Card Industry Development Co., Ltd. also appeared in the first batch of lists, and filed the “complex spectrum blockchain registration and open platform”.

In addition to Internet giants and financial institutions, this list of filings has also revealed the blockchain ambitions of many traditional companies.

SF Express, Haier Electric and even Home Inns have appeared on this list of filings. The strange faces of these blockchain worlds have already begun to lay out the blockchain industry.

In addition, the blockchain information services of some administrative service agencies have also entered the first batch of filing lists.

The Guangdong Anzhen Computer Judicial Appraisal Institute filed the “Anzhen Chain” project, and the Beijing Internet Court filed a project called “The Balance Chain”.

The security chain is similar to the balance chain, and it utilizes the characteristics that the blockchain cannot be falsified, providing the parties with data solidification and certificate storage functions.

02 BATJ

Looking closely at this list of filings, it is not difficult to find that Internet giants such as BATJ have long become a force in the blockchain world.

Take Baidu as an example. Baidu's current blockchain product matrix, Baidu blockchain engine BBE, super chain, totem, have entered the record list.

Among them, Baidu Super Chain is Baidu's self-developed public chain platform. It has multiple billing nodes and supervisory nodes in the world, and adopts its own "TDPoS" mechanism to reach a consensus.

The Baidu blockchain engine BBE is compatible with Baidu's self-developed superchain, Ethereum and super-books, and is a blockchain solution provided by Baidu's Baidu cloud.

At the same time, Baidu's financial department has also launched a BaaS solution called “Xiao Xiao Man”. Baidu's internal departments seem to have opened new competitions in the blockchain field.

Let me talk about Tencent. Tencent blockchain and Tencent Cloud TBaa blockchain service platform have appeared on this list of filings. In addition, Tencent's Weizhong Bank has also filed three projects – BCOS, the Golden Chain Alliance blockchain underlying open source platform and WeIdentity.

The Ali blockchain application is mostly concentrated in its ant gold suit. In this record list, Ant's ant blockchain BaaS platform is on the list. In contrast, the blockchain application of the Ali system is more biased towards the financial level.

As early as last June, the Hong Kong-based version of Alipay Alipayay launched a blockchain-based cross-border remittance service and realized cross-border transfers from Hong Kong to the Philippines. At the press conference, Ma Yun said: "This may be the project I have been most concerned about in the past six months."

Jingdong, which is mainly engaged in e-commerce business, has also filed its blockchain anti-counterfeiting traceability products. In addition, JD's blockchain BaaS platform and Jingdong Cloud blockchain data services also appeared on the filing list.

Despite the differences in the main business, BATJ did not miss BaaS in the layout of the blockchain. This field has become a battleground for BATJs.

"BaaS services are mostly based on the alliance chain, do not issue coins, do not target C-end users, and there is almost no policy risk. More importantly, Internet giants are now in the cloud service field, and they are gradually paying attention to the industry Internet. The BaaS services for B-ends are in line with their development direction," one analyst pointed out.

In fact, not only BATJ, but also foreign technology giants have long been in the BaaS field. The BaaS concept was first proposed by Microsoft and was integrated into Microsoft's cloud service platform Azure in November 2015. And the old technology giant IBM, also launched its own BaaS platform in 2016.

03 keep rational

“Record is the only way for most domestic blockchain practitioners.” Lecheng, the head of an Internet enterprise blockchain project, told a blockchain reporter.

The blockchain project he is responsible for has not yet been online, so it has not yet been filed. However, he made it clear that he will actively apply for filing in the future.

"But there is no need for the outside world to interpret this too much." Le Cheng said, "We understand that the blockchain filing, similar to the company's industrial and commercial registration, website domain name filing, is just the basic work of the blockchain enterprises to conduct business."

“The website of the website has a list of the blockchain projects. Some media said that this is the symbol of the “synonym” of the blockchain industry. Some people also played the banner of “receiving the government”, which is an over-interpretation of the news. "He says.

The website also clearly stated in the announcement: “The filing is only the registration of the relevant information on the main blockchain information, and does not represent the recognition of its institutions, products and services. No institution or individual may use it for any commercial purpose.”

"We even noticed that some companies that appeared on this record list had previously issued coins and even been questioned 'cutting the leeks', and the reputation is not good." Le Cheng said.

However, he is still very sure about the significance of the blockchain service filing. “After the completion of the record, the operating entity and the directly responsible person of the blockchain service will be registered. In the future blockchain project, there may be no problem with the subject and the owner being unknown,” he said.

“The promulgation of the first blockchain information filing list is an important step for the regulatory authorities to strengthen the supervision of the blockchain industry content.” Zhang Cheng, a lawyer from Jincheng Tongda Law Firm, expressed his opinion on a blockchain.

In his view, the supervision of the blockchain industry by the regulatory authorities can be divided into three parts – financial regulation, content regulation and technical supervision.

Financial regulation has already begun. As early as December 2013, the central bank and other five ministries issued a Notice on the Prevention of Bitcoin Risk for Bitcoin.

On September 4, 2017, the seven ministries and commissions including the People's Bank of China issued the “Announcement on Preventing the Risk of Token Financing”, calling for the suspension of ICO and the domestic Bitcoin exchange. This is also an important measure of financial supervision.

"The Regulations on the Management of Blockchain Information Services, which was introduced this year by the Internet Information Office, is part of the content supervision." Zhang Wei said.

According to the requirements of the “Regulations”, the blockchain information service provider shall indicate its record number in a prominent position such as the Internet station and application program that it provides external services.

What is the content of supervision for the content supervision of the blockchain?

“This is similar to the supervision of social media such as Weibo by the website. For example, based on blockchain technology, if the operator (such as a node) is responsible for this, it will be regulated.” Zhang Wei told a This blockchain reporter.

In addition, Zhang Wei believes that the introduction of the blockchain information filing list has also played a certain role in the demonstration of blockchain enterprises.

"This is the beginning of the content supervision of the blockchain industry. The introduction of the list of records clearly states that blockchain technology companies should file for filing as long as they meet the requirements of the main body," Zhang said.

Consistent with Lecheng’s point of view, Zhang Wei also called on investors to look at the list rationally.

"The Regulations on the Management of Blockchain Information Services" is very clear. 'Record is only the registration of information about the main blockchain information service, and does not represent the recognition of its institutions, products and services.'" Zhang Wei said "That is to say, this list cannot be used as an investment reference, or even as a basis for legality of other parties in the record."

“The blockchain concept stocks have collectively increased daily limit, which is obviously the investors in the secondary market, and they are speculating with the announcement of the filing information,” said a blockchain industry practitioner.

He believes that if the blockchain industry wants to avoid becoming a tool for capital speculation, it must still do things in a down-to-earth manner.

Only then can the blockchain be able to name itself.

* Some of the respondents in the text are pseudonyms.

(Source: a blockchain)