SheKnows: 34 trillion! Discover "blockchain opportunities" in new infrastructure

From the central to the local, from academia to the business community, creating a "new infrastructure" has become an unprecedented consensus. Recently, many provinces announced the list of investment plans for 2020. The total investment has exceeded 34 trillion yuan, and some of them have been invested in new infrastructure. Different from the traditional infrastructures such as the "Iron Public Infrastructure", the "new infrastructure" is a new digital infrastructure for the future, including "hard core technology" such as 5G, artificial intelligence, and the industrial Internet.

What kind of time background did the new infrastructure emerge from? How will it promote China's economic and social prosperity and development in the next 20 years? What value can blockchain play in it?

On the evening of March 15, Babbitt SheKnows invited Yan Ting, founder and CEO of Bitshare, Ma Qianli, Babbitt, Yang Yaodong, chief researcher of Shanghai Shading Information Technology Co., Ltd., and Chen Dafei, macro analyst at Oriental Securities, to discuss the above issues. , Take you to grasp the blockchain opportunities of the new infrastructure. Click the link to watch the live broadcast: http://t.cn/A6zSM2h2

SheKnows: 34 trillion! Discover "blockchain opportunities" in new infrastructure

Macro Background of New Infrastructure Launch

1. What is the background of the new infrastructure launch?

Chen Dafei : Personally, I have the following major macro backgrounds. First, everyone knows that this time, 7 areas are defined (5G networks, UHV, artificial intelligence, industrial Internet, smart cities, intercity high-speed railways and intercity rail transit, big data centers, and new energy vehicle charging. (Pile, etc.), the future is the specific implementation phase, in fact, the past two years have been intensive demonstration phase, because the concept was proposed at the 2018 Central Economic Work Conference.

These seven fields represent the new generation of technology, and because they are the infrastructure, they have to empower other future technological innovations. From the perspective of long-term technology, theoretical research generally believes that around 2020, there will be a large number of technological innovations entering the diffusion stage , meaning that from invention to innovation, it is not limited to one idea, but there will be new products, new Service models, new organizational models, and new markets have emerged. Therefore, all major countries are formulating new industrialization strategies, such as Made in China 2025, Germany's Industry 4.0 (or 2030 Station Strategy), and so on. Some of these innovative industries have infrastructure that requires the government to play a role in them;

Secondly, in China, the old infrastructure is saturated in some areas, and even in excess , it can no longer invest. In the big project of fixed asset investment, it is mainly divided into manufacturing, real estate and infrastructure construction, which account for about 75-80%. In the past two years, the main reason for the decline in GDP growth rate is that infrastructure construction investment has fallen sharply. Of course, there are various constraints, such as the problem of local government debt. Then, this year, it was affected by the new crown pneumonia. Real estate still insists on not staying in the house and not using it as a short-term stimulus to the economy. The manufacturing industry is still slowly declining. It's infrastructure. The old infrastructure will mainly depend on the direction of population movement. Then, the broader area is the new infrastructure. 2. Compared with traditional infrastructure, what are the highlights of the new infrastructure?

Chen Dafei : Human beings have experienced five technological revolutions so far, and the sixth is coming. Infrastructure innovations that build social infrastructures are broadly focused on eight areas: energy, power, transportation, communications, electronics (beginning with the third technological revolution), chemistry, steel, and manufacturing (production methods).

In terms of energy, before the Industrial Revolution, it was mainly charcoal. The Industrial Revolution began to convert to coal, and afterwards it experienced the iteration of fusion of petroleum, electricity, nuclear energy and hydrogen. In terms of mechanical power (or engine), it was from horsepower to steam engines, internal combustion engines, The transformation of electric motors, jet engines, and superconductors; transportation vehicles, communication media, electronics, chemical materials, steelmaking technology, and manufacturing systems have all experienced similar iterations.

It can be seen from the seven fields of the new infrastructure that they will become the infrastructure of the new generation of information and communication technology, digital economy, new energy and artificial intelligence. I personally think that although the information age began in the 1980s (the first personal computer in 1981), it is far from over, just like the automobile industry was a pillar industry in the third technological revolution and began in the First World War Before, but so far, it still exists, but it is constantly updating technology and absorbing new technology. In the future, information will become more and more important, data will become more and more important, and the ability to analyze and calculate data will become more and more important.

I personally think that the two most important features of the new infrastructure are: digitalization and intelligence , which are mutually reinforcing. Ren Zhengfei believes that the future era is called the "smart age" (or smart age). Of course, this is based on information technology and computing technology. Internet technology will continue to iterate. The national strategy just developed by the United States is called the quantum Internet strategy. Of course, it is acknowledged that this is still in its infancy.

I think that companies and investment must be sufficiently sensitive to the creative and destructive power of technology. It is not the police and the law that make thieves unemployed, but mobile payment technology. 3. Why did the launch of the new infrastructure attract such attention?

Chen Dafei : From a pragmatic perspective, this is not only a process of creation, but also the emergence of industry and technology upstarts . It is also a process of destruction. Traditional giants who have not kept pace with technological progress will become mediocre.

The new infrastructure will bring about a change in the new "technical-economic" paradigm. There are three ways in which it can affect the economy: first, creating new industries; second, destroying traditional industries; and third, transforming traditional industries. Either way, the application of new technology is a necessary condition, and this is the embodiment of what Schumpeter called "creative destruction".

It is emphasized that each round of scientific and technological revolution is a paradigm revolution of "technology-economy". The concept of paradigm revolution is a bit abstract. The academic definition is a best practice model. It consists of a set of common and similar types of technical and organizational principles. It represents the use of a specific technological revolution and the use of The revolution is the most effective way to boost and modernize the entire economy. The success of innovators sends increasingly clear signals to followers, inspiring more and more practitioners to imitate. Gradually, this set of technical or organizational principles has become common sense for all economic activities and institutional construction (Perez , 2007), similar to "standard science" in the sense of Thomas Kuhn. Evolutionary economist Nelson has used the concept of "natural orbit" to express a similar meaning, which describes the evolutionary path that a technological, successive innovation naturally follows. "Internet +" is a representative of the paradigm revolution-using Internet technology to format government, corporate and consumer behavior.

In simple terms, it is the concept of "xx", such as digitization and intelligence. These are the three paths I mentioned earlier: creation, transformation, and destruction . Therefore, we must pay great attention to it. 4. The opportunities and challenges brought by the new infrastructure, how can all parties plan ahead to seize the historic opportunities?

Chen Dafei : In fact, I just talked about the three ways of the technological revolution that shaped the industrial structure: creation, transformation, and destruction . This is all possible path. Those industries where new technology will destroy, this must be avoided. For example, from my personal experience, in the near future, the traditional printing industry may gradually shrink, because people will become more and more accustomed to digital technology and digital products. A typical example of transformation is new energy vehicles. For optimistic industries, there are many ways to invest, such as industrial funds, ETFs, and circulating stocks of listed companies related to the industry chain, or if they are private equity investment funds, they can also invest in startups in this industry.

5. Based on the macro background, can China use this to overtake the curve in the context of the global economic downturn?

Chen Dafei : This is also very important, and it is applicable to individuals, businesses and the country.

For example, individuals can use new technologies and new platforms to build IP and harvest wealth. A typical example is the current "net red industry". The traditional track is already crowded, and it is very difficult to become famous, so we can see that the major platforms can create millions of fans in a short period of time. Many people think that net red seems to be a neutral and derogatory term at that time because of personal circles. Just like in academic circles, saying who is an Internet celebrity is like scolding someone. After a few more years, I won't think so.

Another example is that some companies and new-generation Internet companies have rarely succeeded in completely replicating the BATJ model? It ’s difficult. For a new generation of unicorn companies, if you want to become a unicorn, compared to doing better on the original track, another alternative is to use new technology to open new tracks and develop new ones. Markets, building new organizational models. This is back to the six innovations Schumpeter said. The key word is new, and innovation is the key .

Talk about the country again. The historical experience of the five scientific and technological revolutions (that is, the five rounds of economic long waves, also known as "Kangbo") for more than 200 years since the British Industrial Revolution shows that whether late-developing countries want to overtake the curve, or first-developing countries want To maintain the leading position, the premise is to be the leader of a new wave of scientific and technological revolution and innovation wave . This requires it to be the original creator of backbone innovation (also known as basic innovation), not just the redevelopment and application of backbone innovation. . China ’s long-term strategy of “introduction, digestion, absorption, and re-innovation” is a catch-up strategy that helps to make use of the advantages of latecomers. In order to control and control core technologies, China must break the path dependence and make up for the shortcomings in basic science, basic research and development, and backbone innovation in order to take the initiative in the new round of scientific and technological revolution.

Opportunities of blockchain in new infrastructure

1. The new infrastructure includes seven major areas: 5G, UHV transmission, high-speed railway and inter-city rail transit, charging piles, data centers, artificial intelligence and industrial Internet. Which is the reason?

Yang Yaodong : We observe that the new infrastructure here is mostly engineering projects. Compared to other projects listed, the blockchain is not too basic and not "hard" enough . We take 5G network as an example. There are several obvious characteristics of 5G technology that can become infrastructure: 1. Uniform standards and clear development roadmaps, each generation has clear characteristics and goals. The successful operation of previous generations, especially the successful deployment of 4G, has brought great influence such as mobile payment, and it is reasonable to continue to develop 5G along the roadmap; 2. The investment and operation entities in the industry, other participants are relatively clear, and the industry chain is also relatively clear. The head companies and major players of the entire industry have made it clear: operators, main equipment suppliers, and participants in the equipment supplier's supply chain all have precise cooperation and clear division of labor.

Compared to these "hard technologies", I personally think that the future development of blockchain will become a key technical element in information technology like the Internet of Things and big data on the one hand; on the other hand, it will also be related to open finance and asset management Strong chemical effects occur in efficient government affairs. Although the blockchain is not listed as "new infrastructure", it is closely related to the new infrastructure. The important development opportunities brought by the new infrastructure will also promote the rapid development of the blockchain industry. 2. What role can blockchain play in new infrastructure?

Yang Yaodong : Technology and technology are mutually complementary. In the new infrastructure, some technologies will promote the development of the blockchain industry, such as 5G. The fast-developed blockchain technology will play an important role in areas such as artificial intelligence and industrial Internet.

We use the Industrial Internet as an example to specifically talk about how blockchain technology will empower new infrastructure.

There are several challenges in the current development of the Industrial Internet:

I. Poor network interconnection and interoperability

Unlike the consumer Internet with a unified open network, the Industrial Internet currently does not have a unified communication protocol, and the data interface access interfaces are different, resulting in data acquisition and circulation difficulties. The Industrial Internet itself wants to connect factories, suppliers, and corporate customers, but because everyone uses different equipment, or different levels, and may even have different communication protocols, the industrial network is split. Information transfer between enterprises is difficult and cannot be interconnected in real time.

Network and data security is difficult to guarantee

Each industry has its own network security needs, but each industry has its own characteristics and it is difficult to form a universal network security solution. This may lead to the theft and tampering of data files. Since the Industrial Internet connects reality and networks, network attacks can easily affect reality and directly affect industrial operation security. In one case, a hacker modified a design drawing so that a drone made from the drawing crashed for the first time.

Reasonable use of blockchain technology can solve these problems.

Industrial applications are different from other applications. The process is very complicated and there are many industries. In addition to people and institutions, the relevant parties also include industrial equipment in special places. Blockchain enables relevant participants to share data, processes and rules in a more secure, trusted and accessible manner . Of course, in the entire chain, in addition to the identity of people and institutions, it is more important to be able to assign a blockchain identity to industrial equipment so that industry can operate more securely. When the equipment, people, and institutions have identities, the industrial production organization can use consensus smart contracts (smart contracts represent centralized and coordinated production organization logic and are implemented through distributed consensus) and distributed ledgers. Characterize the corresponding production process of the organization, make its process more transparent, so as to improve the efficiency of the production organization.

The enterprise will monitor and manage the production and manufacturing links, as well as the necessary procurement and sales data, and concatenate the entire process through blockchain technology to collect first-hand data to truly achieve data credibility. This can improve the centralization, remoteness and automation of industrial production management, ensuring data security and remote management reliability. On the other hand, it takes production data as effective proof to ensure the accuracy of procurement and sales data, and provides government, regulatory agencies, and banks and other financial institutions with higher than ordinary contracts and order-based trade authenticity certificates, and makes full use of them. The technical characteristics of blockchain, disseminate trusted data to the outside, provide an effective basis for financing in the short term, and form a partial and even nationally integrated enterprise credit environment data support in the long term.

In industrial applications, in order to achieve credible interconnection between machines, workshops, enterprises, and people, it is necessary to ensure the credibility of the entire process of production from the device side, edge-side computing, data connection, cloud storage analysis, and design and production operations, which triggers Upper-level trusted industrial Internet applications, trusted data exchange, compliance supervision, etc. The characteristics of blockchain technology are oriented towards the needs of industrial applications, and they will be strengthened at all levels of the Industrial Internet to achieve industrial data sharing and flexible supervision. 3. In a recent article, Mr. Yang mentioned that 5G + Internet of Things + Artificial Intelligence + Blockchain will become the standard for future smart cities. However, in a previously published article by Xinhua News Agency, "smart cities" in some places are "flower racks", with investment of billions of dollars, but even basic functions such as "online booking masks" and "online admission registration" cannot be used. achieve. What do you think of the contrast between this reality and ideal?

Yang Yaodong : Thank you Babbitt for publishing this article. This is just some less mature personal thinking for your reference. My opinion on this topic is that the early concepts and basic technologies of smart city construction were limited by the conditions at the time, which made it very restrictive in terms of adaptability and scalability. They were mostly used as image projects, without full consideration. Subsequent continuous iterations and timely technical updates. The direct result is that when you really want to use it, you find it difficult to quickly add features.

The real smart city project is not a one-time sale . It requires constant investment and timely absorption and adoption of new technologies, so that the city is "smart". This project is "live". In addition, a good smart city project is not limited to government participation. Enterprises also need to take initiative to take an active role, not just as a party B to develop an application, but to run a project as part of a smart city. With the continuous maturity of infrastructure, future smart city projects are believed to be more "smart" after iteration and evolution.

In addition, considering that super apps such as Alipay and WeChat have become widespread, a smart city project does not have to be the first to let everyone download the app. It can integrate well with apps such as Alipay and WeChat. For example, Alipay has launched a city service column, which can integrate multiple services from smart cities, and iterate on the back end continuously, integrating multiple technologies including blockchain. Whether a good technology is popular is not really determined by the technology itself. We have repeatedly seen this example in electric cars, sprinklers and other examples. Technology cannot surpass the times, and the popularity of a technology also needs the cooperation of the times. 4. If an enterprise wants to participate in the new infrastructure, what suggestions do you have?

Yang Yaodong : There is a lot of expansion in the front, which takes up everyone's precious time. I will try to refine it later. From an observer's point of view, companies need to do three things: 1. Actively study local policies . The state has issued 34 trillion yuan to support new infrastructure, but it has different focuses in terms of industry and geographic region, and the specific implementation at the provincial and municipal levels is also very different. For example, Yunnan Province plans to launch 525 key projects in 2020, with a total investment of about 5 trillion yuan, which has great opportunities.

2. Actively communicate with relevant departments to understand the real needs of the local area and the local positioning of the country . Taking Yunnan as an example, the nominal GDP of Yunnan in 2019 is only 2.3 trillion, and the planned 5 trillion is twice the GDP. Behind this is the country's ASEAN strategic infrastructure. The big part will involve railways and cross-border power grids. For blockchain companies to participate, consider the combination of blockchain and power markets.

3. Ironworking also requires its own hard work, and enterprises also need to practice their internal skills . To be able to capture the dividends of the new infrastructure, participate in it and complete the project with high quality, the most important thing is to have strong skills. The new infrastructure is mainly oriented to the field of science and technology, and has its own technical threshold. It is especially suitable for some companies that already have a foundation. To share dividends, they need to continuously improve their technology to form a technical threshold. 5. In your opinion, will this new infrastructure become a new battlefield for the large-scale landing of blockchain?

Yang Yaodong : My answer is yes. Since late October last year, the Political Bureau of the CPC Central Committee has conducted collective learning on the current status and trends of blockchain technology development. At the meeting, the general secretary emphasized that it is necessary to take blockchain as an important breakthrough in independent innovation of core technologies and accelerate the development of blockchain technology and industrial innovation. Since then, blockchain technology has received widespread attention. Practitioners from all walks of life are actively discussing how to integrate the blockchain with their own industry. I have participated in many discussions on the use of blockchain for copyright protection, urban governance and other fields.

This time the country has invested heavily in the construction of new infrastructure, and it has also pointed out the direction for blockchain practitioners. Practitioners will seize their opportunities to participate in the new infrastructure from multiple areas of the new infrastructure. For example, the industrial Internet field mentioned earlier has a lot of room for development. It can be said that the speech of the General Secretary last year has established confidence for practitioners in the industry. This year, the country has initiated large-scale construction, and it has cleared the battlefield for blockchain practitioners to roll up their sleeves.

Blockchain opportunities for new infrastructure from a practitioner's perspective

1. How did the two understand the new infrastructure? Blockchain is considered as the infrastructure of the digital economy era, but the new infrastructure does not mention the blockchain. What do you think as a practitioner?

Yan Ting : New infrastructure is a new term, but it is not clearly defined, so we must first review what is the original meaning of infrastructure. Some guests have already shared this point. My personal understanding is that infrastructure has been digitized, but large-scale The use of next-generation digital technology for infrastructure is still very innovative, and there are many places that need a long time to get to know and run in.

Bottom line: Traditionally, the infrastructure of a city requires seven connections and one level. Now the new infrastructure is eight connections and one level. Because traditional smart cities are built first and then connected to the Internet, and then one system is linked to the top, and then the system is full, and then the interconnection and interconnection issues are considered. In recent years, some places have started to set up big data bureaus. Because the original can't be changed; but the new infrastructure is not. At the beginning, the digital genes must be implanted into the entire infrastructure. It is the real revolution that starts from the source of the data. In a fashionable word, the new infrastructure is A digital twin system of a traditional smart city is bound to appear. If the new infrastructure is completed and the digital twins of the city cannot be seen, it is a failure.

Although there is no mention of blockchain in the official reference, we have already seen the use of blockchain technology in the infrastructure projects of some customers. It is used silently. This is also good, because after 1024, A group of companies rushed to do the blockchain. In fact, there are a lot of blind follow-ups. Consolidating technology is actually more critical . After all, infrastructure is not a temporary project. It should span many years. Be careful.

I suggest that interested friends pay attention to the progress of the blockchain project in Xiong'an New District. I think Xiong'an's concept is very advanced and it is the earliest place to combine traditional information systems such as BIM and blockchain technology.

Ma Qianli : The characteristics of the new infrastructure are "new" formulations and new concepts. What is important is the guiding significance . However, the new infrastructure has already existed. For example, the investment in the 5g field has already reached about 30 billion in 2019, but it was not mentioned at the time. We singled him out. The more significant significance is the guidance to social enterprises. We know that many government investments are undertaken by enterprises, that is, enterprises in society encourage you to go to new infrastructure.

As far as the blockchain is not mentioned, I think it is because there is more private investment in the blockchain field, and government investment has just begun. Private investment is generally not in the category of infrastructure. 2. In which scenarios does the blockchain land? It has always been an issue for blockchain practitioners to explore. At present, 2B and 2G are feasible solutions. In the face of this new infrastructure, what combination opportunities do you think will exist, and are you already planning a corresponding plan?

Yan Ting : We have already begun to use it. We are also currently starting to define a comprehensive hardware and software cloud platform platform for new infrastructure, including the combination of large-capacity storage, artificial intelligence, big data, 5G and other new technologies. Blockchain will not appear in the system alone , this is an inevitable trend we have discovered.

At present, we have begun to design this new scheme in the project planning with some customers.

Ma Qianli : I agree with Mr. Yan's point of view. I think 2g2b is of course feasible. In fact, when we look back on 2019, there have been many good combinations of 2G in the blockchain. For example, while pushing cloud computing, Ali is also pushing the blockchain, while the three major operators are pushing the blockchain BSN while fusing existing data centers. Those familiar with the government bidding market should also observe that more and more bidding content will be unfolded in the form of nested blockchain elements.

We, Babbitt, have taken the baas platform bystack as the main body, and have tried a lot, such as 2g's current government service chain in Hangzhou, 2b participating in the Agricultural Bank of China's cross-border e-chain, and even an epidemic resumption and resumption production platform, charity donation code, etc. The year of 2019 is from 0 to 1. In 2010, we will go from 1 to 100 to convert experience into revenue . 3. The industrial infrastructure was mentioned in the new infrastructure. In the combination of the blockchain and the industrial Internet, Zhongxiangbit cooperated with Evergreen to create a "Rongchain" blockchain technology that was used to empower the development of the printing industry. Promote the ecological upgrade of the Industrial Internet industry. Can Mr. Yan share the progress of this case, and how does the blockchain play its value in it?

Yan Ting : I hope that you will first understand the background of Evergreen. Evergreen spent a huge sum of money last year to buy a stake in the German printing machinery giant Heidelberg. The strength is very strong. In China, we hope to open up an industrial chain in this field. of.

Our cooperation with Evergreen is to see the accumulation of Evergreen on the Industrial Internet. One node of Industrial Internet 2.0 of the Ministry of Industry and Information Technology of the Ministry of Industry and Information Technology is Evergreen. In the future, we will work with Evergreen to combine traditional industrial manufacturing with blockchain. .

If you are concerned about listed companies, the first cooperation project is also related to epidemic prevention. It is a mask production + blockchain business that cooperates with Evergreen / Jihong, from printing machinery to packaging services, plus new One generation, one thing, one yard of business is very imaginative. 4. Regarding how the blockchain technology mentioned in the industry exerts value on the Industrial Internet, President Yan pointed out in 2018 that the existing blockchain technology needs to be transformed, otherwise it cannot be used directly. Can Mr. Yan combine his many years of practice, what are the pain points in the industrial control industry, and how can the blockchain be transformed? And what transformations does the blockchain technology itself need to adapt to the Industrial Internet?

Yan Ting : This is actually directly related to the status quo of the industrial control industry. The industrial control field and the industrial Internet are not the Internet we are familiar with. The software and hardware / protocols / logic inside are actually for production / operation and maintenance. Blockchain In order to integrate with this field, considerable transformation must be done.

Our company has customized applicable protocols specifically for some industrial control networks and took a long time to test. We have already had several projects in the field of power grid / smart manufacturing. 5. Regarding the combination of 5G and blockchain, President Yan once said that in the next few years, especially 5G is coming. Many users are very simple, and the blockchain will be better than now. 2019 is the first year of 5G commercialization. In 2020, 5G will be rolled out on a large scale. How can the blockchain seize the opportunity of this wave of 5G construction and quickly land in the industry?

Yan Ting : The biggest bottleneck of the blockchain business that we are in contact with at present is network delay. 5G should solve some bottlenecks on the current network. 5G is also a great opportunity to adjust the network structure at present. Upon landing, blockchain will have many different opportunities.

Let me give a few examples of our company cooperation. One of the characteristics of 5G networks is that there are many base stations, including front-end edge computing nodes and management platforms. If these systems are managed, especially in the case of a large number of users, certain characteristics of the blockchain technology are required. , Because centralized networks may not manage. So our company and the micro base station / CDN provider are cooperating to directly embed the blockchain technology into the access network to provide more effective credible management. 6. Regarding blockchain + smart city, Bystack's main multi-sided architecture has begun to be effective in application scenarios such as government chain and waste classification. Mr. Ma can share the opportunities and opportunities of blockchain in smart cities in the Mediterranean. Challenge?

Ma Qianli : We have a lot of people in China. When we see opportunities, we rush in. This year, we have more fierce competition in many projects than before. After all, in the past few years, the giants have not paid so much attention, and there have not been so many blockchain startups However, now it is "there are more porridges and more monks".

Of course, the real challenge is the product capability of the blockchain. The blockchain does not have a standard product like cloud computing and 5g . The demand for customization of the blockchain is strong . Who can make a product suitable for this? Is the most important and difficult.

Like the green code launched by Ali this time, the mechanism is simple but wins in the product. The blockchain has many creative products in the digital currency field, but there are not many products in the industrial application field. However, we feel that our own government services These are good products such as chain and public welfare red code. 7. The combination of blockchain and artificial intelligence has discussed a lot in the industry, but there are few benchmarking cases. Why?

Yan Ting : The reason is that AI is not very grounded , and it is still being explored. On many occasions, I would mention not to deify AI. At this stage, the role of humans is also very important. Similarly, the blockchain is also constantly developing. As I gradually fall to the ground, my view is very Buddhist, that is, when it should be encountered, it will be encountered, and when it comes out, there will be sparks.

Ma Qianli : I also think that this is a matter of time. The current application of + ai, we are also doing it ourselves, in the application of blockchain computing power + artificial intelligence. This segment already has revenue. Also helped "Wuhan 2020", a public welfare project. It may take longer, waiting for this revenue to grow. 8. In 2020, as a practitioner, what is your focus?

Yan Ting : Our company is relatively simple, doing the blockchain technology from 0 to 1 , because after talking about it for a long time, users do not use the blockchain, or it is difficult to use, that is meaningless, the industry can no longer be high, to Go to the user side, let the user be willing to use it, easy to use, and use it effectively. If the user wants to go to the cloud, go to the cloud. If the user wants to deploy it privately, go to the private deployment. Focus on the direction of force.

Ma Qianli : We are also trying to do 1-100 in 2020 and get more projects.