Blockchain Weekly Report | Central Bank steadily advances fiat digital currency R & D in 2020; Zhanke sends open letter against Bitmain layoffs

PA Weekly Eighty-ninth Issue 2019.12.30-2020.01.05

Wen | Editing by Zhou Wenyi | By Tongtong Bi | PANews

Overview: The central bank will continue to steadily promote the development of legal digital currencies in 2020; the Banking Regulatory Commission said that it will carry out propaganda to prevent illegal fundraising during the Spring Festival and focus on key areas such as blockchain; Zhanke group rumors "Bitmain launched personnel optimization" Oppose the company's layoffs; the Ethereum mainnet has activated the Muir Glacier upgrade, and the average daily block time has been reduced by nearly 25%.

• Digging the "foot of the wall" in Zhongguancun, 100 million yuan to grab academicians, local governments set off a battle for blockchain talent
• US-Israel conflict bitcoin gets attention again, "hedging" will become the main theme of the bull market?
• Annual Report | Verification in 2019: ICO, IEO, STO three cryptocurrency issuance models have all failed

According to PANews statistics, there were 4 blockchain project financings announced last week, with a total amount of more than 5.785 million US dollars (excluding projects that have not disclosed specific investment and financing amounts), involving exchanges, crowdfunding platforms, content and other fields .

o1 Central Bank: Continue to steadily advance legal digital currency R & D in 2020

On January 5, the 2020 People's Bank of China Working Conference was held in Beijing, and the meeting emphasized that 2020 will continue to steadily advance the development of legal digital currencies. Further expand the application field of Global Legal Person Identification Code (LEI) in China.

o2 Central Bank: promulgation of a series of fintech supervision rules for personal financial information protection and blockchain

On December 30, the Central Bank's FinTech Committee meeting was held in Beijing. The meeting summarized fintech work in 2019 and studied and deployed key work in 2020. Fan Yifei, member of the People's Bank Party Committee and vice president, presided over the meeting and made a speech. The meeting emphasized that in 2020, we must adhere to the "two-handed grasp" of development and supervision, and continue to promote the stability of fintech. The third article is to strengthen the fintech supervision and introduce a series of fintech supervision rules such as personal financial information protection and blockchain , Play the role of standard rules, testing and certification, and build a "four lines of defense" for fintech innovation management covering industry supervision, social supervision, association self-discipline, and institutional autonomy.

o3 Mutual Fund Association: Research on application scenarios of statutory digital currencies for key tasks in 2020

On December 30, the Mobile Finance Professional Committee of the Mutual Gold Association held a meeting. The key tasks in 2020 are: research on the application scenarios of legal digital currency under the framework of mobile finance; maturity evaluation of blockchain technology application in the financial industry; cross-border mobile payment in RMB Research, etc.

o4 State Administration of Foreign Exchange: Promote the construction of a cross-border financial blockchain service platform

On January 5, according to the State Administration of Foreign Exchange, the National Work Conference on Foreign Exchange Management was held in Beijing. The meeting deployed key foreign exchange management work in 2020, and pointed out that it is necessary to deepen reform and opening up in the foreign exchange field and serve a new pattern of comprehensive opening up. Support new business formats and promote the construction of cross-border financial blockchain service platforms. We will deepen the reform of "decentralization and management services" and support the pilot reform of foreign exchange management reforms in the Pilot Free Trade Zone, Hainan Free Trade Port, and the Guangdong-Hong Kong-Macao Greater Bay Area.

o5 Banking Regulatory Commission fights against non-compliance bureaus: During the Spring Festival, it will launch propaganda to prevent illegal fundraising and focus on key areas such as blockchain

 

On January 3, the Bureau of Banking and Insurance Regulatory Commission's crackdown on illegal financial activities revealed that the Joint Office of the People's Bank of China and the People's Republic of China issued the "Notice on Preventing Illegal Fund Raising during the Spring Festival of 2020" and will conduct a nationwide focus on preventing illegal fund raising Educational activities. The notice pointed out that it is necessary to grasp the key areas and promptly reveal the methods and prompt risks against illegal fundraising activities in the name of investment and wealth management, pension care, private equity crowdfunding, and blockchain.

o6 National Password Administration: No longer accepting applications for commercial password product varieties and models from January 1, 2020

On December 30, according to an official announcement, the State Encryption Administration issued an announcement by the State Encryption Administration and the State Administration of Market Supervision on the adjustment of commercial password product management methods (No. 39). I. As of January 1, 2020, the State Password Administration no longer accepts applications for varieties and models of commercial password products, and ceases to issue "Commercial Password Product Model Certificates." As of July 1, 2020, the "Commercial Password Product Model Certificate" that has been issued automatically expires. 2. The General Administration of Market Supervision and the State Administration of Cryptography shall separately formulate the product catalog, certification rules and relevant implementation requirements for the commercial password certification introduced by China. From the date of the implementation of the authentication rules, commercial password practitioners can voluntarily submit certification applications to qualified commercial password certification agencies.

o7 The drafting group of "Anti-money Laundering Standards Applied in the Blockchain Industry" was formally established

On January 2nd, the Blockchain Branch of the China Software Industry Association announced the establishment of a drafting group of "Anti-money Laundering Standards Applied in the Blockchain Industry". By uniting the influential subject units or individual experts and scholars in the "Blockchain Industry" Application of Anti-Money Laundering Standards.

This drafting group is mainly to clarify normal financial behaviors and abnormal financial behaviors in the relevant fields of the blockchain, and to prevent illegal elements from using the blockchain application platform and technology to evade the review of law enforcement personnel and other investigators to conduct illegal money laundering. The notice was copied to the Ministry of Industry and Information Technology, Internet Finance Standards Research Institute of China Internet Finance Association, Technology and Standards Department of China Payment and Clearing Association, China Software Industry Association and other departments.

o8 Document No. 1 of the Nanjing Municipal Committee: Promote the coordinated development of the industry and encourage strong blockchain industry applications

On January 2, the 2020 Nanjing Innovative City Construction Promotion Conference was held at the Jiangsu Grand Theater. At the meeting, the No. 1 document of the Municipal Committee of 2020, "Several Policies and Measures on Further Deepening the Construction of Innovative City and Accelerating the Industrial Basic Capability and the Level of the Industrial Chain" . The document states that: Promote the collaborative development of strong chains in the industry, encourage the application of blockchain in the industry, support leading enterprises to build alliance chains, and promote the industry to climb to the mid-to-high end of the value chain.

o9 Shenzhen digital currency pilot will enter service scenarios such as transportation, education, and medical care

According to the Shenzhen Business News on January 3, according to authoritative sources, the central bank, which is led by the People's Bank of China, including the four major state-owned commercial banks of Industry, Agriculture, China, and Construction, and China Telecom, China Telecom, and China Unicom The legal digital currency pilot project is expected to land in Shenzhen, Suzhou and other places.

It is reported that the testing of relevant standards of fiat digital currencies and payment system access are also progressing simultaneously. And compared with the previous trial, this time the central bank's legal digital currency pilot will go out of the central bank system and enter real service scenarios such as transportation, education, and medical care.

o1 Huobi Li Lin steps down as legal person and director of Jusan Group of NEEQ

According to the information of Tianyan Inspection, on December 27, 2019, Huobi Li Lin stepped down as the legal representative and chairman of NEEQ Beijing Julian Times Technology Group Co., Ltd. Zhu Guoguo took over as the legal person and Zhang Zijin took over as chairman. With the departure of Li Lin, directors Chen Chenhui, Hu Donghai, Ju Jianhua and Gao Yaohua, as well as members of the Supervisory Board Xu Mingsheng, Chen Jing and Ning Hao. 8 directors, managers and supervisors were newly added.

On the previous day, Jingju Chain Times Technology Group Co., Ltd. issued a clarification announcement stating that "the company's legal representative is Li Lin. Li Lin involves the virtual currency exchange Huobi.com, and Huobi.com involves some negative news." The company intends to complete the change of legal representative and domicile in the near future. The legal representative will be changed from Li Lin to Zhu Guoguo, the company's general manager. Li Lin has ceased to serve as a director and chairman since December 8, 2017. "The announcement stated that Li Lin has not held any positions in the company since December 2017, and has not participated in the company's operations; he has no longer held company shares since May 2019. Except for the reason that the company has not changed its legal representative, Li Lin remains Apart from the company's legal representative, Li Lin currently has no affiliation with the company. "

It is reported that in February 2016, Li Lin acquired the New Third Board Company, Bone Technology, and then renamed it Beijing Finance Cat Times Network Co., Ltd. That month, the company's extraordinary shareholders meeting passed a resolution to change the company name from "Beijing Caimao Times Network Co., Ltd." to "Beijing Juchain Times Technology Group Co., Ltd.". In fact, in addition to Beijing Juchain Times Technology, many companies where Li Lin is a legal person or an executive have operating abnormalities. Among them, Beijing Pengle Investment Management Co., Ltd., where Li Lin is an executive, and Beijing Huobi World Network Technology Co., Ltd., the main operator of Huobi.com.

O2 Zhanke group rumors "Bitmain launches personnel optimization", resolutely opposes company layoffs

On January 2nd, since the media Wu said that the blockchain issued a document, a number of people familiar with the matter confirmed that Bitmain has launched a staff optimization plan at the end of 2019. Insiders of Bitmain revealed that the company is now operating normally and the cash flow is healthy. The optimization is only a "slimming plan" for halving, and it is also a corrective move for the original chairman's business expansion. Last weekend, Wu Jihan held a related meeting and asked all department managers to submit an optimized list.

It is expected that the optimization plan will be completed before the Bitmain annual meeting, that is, before January 17. It is reported that the reason for the optimization of personnel is that the mining industry is facing the pressure of halving Bitcoin. The company needs to streamline the organization to "overwinter", while focusing on the main business and maintaining its technological leadership. Compared with the rival Shenma Mining Machine with a size of 100 people, Bitmain has more than 1,000 people and the number of personnel is relatively redundant. Industry insiders said that the current trend of Bitcoin is not clear, and the halving of Bitcoin in May is a huge uncertainty factor for mining machine companies. Bitmain should indeed optimize its personnel. It is suspected that Bitmain employees broke the news, saying that the AI ​​business had originally found a joint venture party, but was rejected by the original chairman, which is one of the reasons leading to the optimization. Another Bitmain insider said that the optimization is also a corrective move to the original chairman's business expansion and free use of funds. It is reported that the AI ​​business will become the focus of optimization because it cannot generate profit. The mining machine business is currently in full swing and will be relatively safe to maintain the leading edge of technology in the industry.

In response to this, on January 6, Zhanke Group released an open letter "A Letter to Employees: I Resolutely Oppose Redundancy" on Weibo. The article said that the above news was not consistent with business common sense and logic. It should be a rumor. On the one hand, compared to the 1,000-person team of competitors, Bitmain's AI business line has less than 800 people, and the company's capital and asset reserves can afford this part of the business line expenditure. In addition, Zhanke Group believes that the S17 is a competitive product in the current market. In addition, Bitmain's S19 series of mining machines will be launched soon, and it is predicted that it will bring considerable profits to Bitmain. "Laying off staff in response to halving Bitcoin" is ridiculous. The Zanke regiment is firmly opposed to layoffs, saying "I am firmly opposed to such layoffs! We don't need layoffs! We can't play suicide!"

o3BiUP shareholders on-chain technology divestment, business scope cut off "agent bookkeeping" and other services

According to the information from Tianyancha, Beijing Chain Technology Co., Ltd. removed its investment in Beijing Shangbi Network Technology Co., Ltd. (BiUP) on January 5 and exited the shareholders of Shangbi.com, holding 8% of its shares before the exit, and added new shareholders. Li Qiuling, holding 1.08% of the shares. Two days ago, on-chain technology withdrew from the Shangyin network enterprise legal person and was taken over by Beijing Qiannuo Jiyuan Network Technology Co., Ltd., adding natural person shareholder Li Qiuling.

It is reported that Beijing Bicent Technology Network Co., Ltd. (BiUP) is an aggregate digital currency exchange that intelligently buys and sells thousands of currency pairs. It was jointly created by Beijing Qiannuo Jiyuan Network Technology Co., Ltd. and Beijing On-chain Technology Co., Ltd.

It is worth mentioning that, also on January 3, Shang Coin Network removed the services of “engaging in Internet cultural activities; Internet information services; agent accounting. Technology promotion services” in its business scope. The scope of business is from the previous "engagement in Internet cultural activities; Internet information services; agent bookkeeping. Technology promotion services; enterprises independently select business items according to law, carry out business activities; engage in Internet cultural activities, Internet information services, agent bookkeeping, and legally required Approved projects. "Changed to" Technical development, technical services; sales of electronic products, crafts, stationery, daily necessities, needle textiles, clothing; corporate planning; corporate management consulting; economic and trade consulting; organization of cultural and artistic exchange activities (excluding performances) ); Conference and exhibition services; computer graphic design and production. "

In addition, the company's shareholder Beijing Qiannuo Epoch Network Technology Co., Ltd. removed the "investment management; asset management; investment consulting" business in the business scope as early as December 25, 2019, and changed the company's domicile.

o4 Chengdu Chain Security: In December, more than 9 typical security incidents occurred

On January 2, data from the Chengdu Beosin-Eagle Eye revealed that in the past month (December), a total of 9 more typical security incidents occurred. among them:

DApp: On December 6, the Tron Lounge DApp was attacked by a rollback transaction, with a total loss of 54653TRX.

On the public chain side: On December 14th, VeChain officially announced that it had suffered a hacker attack, and stolen 1.1 billion VETs, 6.4 million US dollars. On December 30th, the public chain IOTA main network had a consensus split and could not be updated. TPS was close to 0. On December 1st, Vertcoin (VTC) suffered a 51% attack. The attacker successfully used its 553 districts. Block replaced 603 VTC main chain blocks.

In terms of wallet: Ethereum wallet Shitcoin Wallet is suspected of being malicious JavaScript code, trying to grab data from the browser window and send it to the remote server erc20wallet.tk.

Other aspects: Poloniex cryptocurrency exchange sent an email to inform customers that there may be a data leak; hackers were found to use the JPEG photos of the famous singer Taylor Swift to hide the malicious crypto mining software MyKingz; 58COIN official announcement said that an unknown person recently took the risk Use 58COIN official name to achieve fishing purpose.

o5Poloniex: No data leakage occurred, requiring customers to reset their passwords only to ensure account security

On January 3rd, Poloniex officially updated the latest progress on the "data leak" incident, saying that the previous requirement for users to change their passwords was for security reasons, not due to Poloniex information or data leakage.

Poloniex claims: "This week, we sent an email to about 1% of our total customers asking them to reset their passwords in response to a tweet claiming to contain" Poloniex leaked email address and password ". To clarify now, Poloniex did not experience any information or data leaks, and the email was released only to quickly respond to external red flags. Our priority is to ensure the security of customers' accounts. Therefore, we reset the passwords of potential affected customers. Officials said that for the current Neither the list nor the content information came from Poloniex. "In addition, Poloniex also stated that less than 5% of the e-mail addresses in the tweet's information list were related to Poloniex accounts.

It is reported that the "data breach" originated on December 30, some users posted email screenshots on Twitter and claimed to have received an email from Poloniex. The content of the email informed him that the leaked email address and password list could be used to log in to Poloniex account and reset the password on any email address that owns the exchange account. Someone else posted a list of email addresses and passwords on Twitter, saying they could be used to log in to Poloniex's account.

o6 Guangdong Province's SME financing platform goes online, streamlining loan application process by 60% based on blockchain technology

On January 2nd, Guangdong Province's SME financing platform was launched and the nation's first unsecured blockchain loan was issued. The platform makes full use of Guangdong's "digital government" data resources and financial technology means such as blockchain, cloud computing, artificial intelligence, and strives to solve the problem of information asymmetry. It provides companies with multi-dimensional business credit portraits and tailor-made supply chain financing. , Trade financing, intellectual property financing and other financing solutions, and help financial institutions strengthen their risk management capabilities and improve the efficiency of financial services. After the platform was launched, the first online unsecured financing credit based on blockchain technology was accepted within 3 minutes and passed the quota review.

At present, Guangdong Province's SME financing platform has accessed 213 types of government data from 26 government agencies; it has now successfully connected 129 financial institutions in the province such as Industrial and Commercial Bank, Construction Bank, and Ping An Bank, and launched 319 financial products for the province. Comprehensive information collection of more than 11 million companies, corporate risk ratings and portraits, is the nation's first platform to conduct commercial credit analysis and evaluation of SMEs across the province.

According to the 21st Century Business Herald, the platform has been linked with Ant Financial and Baixing Credit Reporting. In the future, it will create a financial service ecosystem for SMEs, giving priority to 45,000 state-level high-tech enterprises, as well as small upgrading enterprises and special specialties. Enterprises solve financing problems on the platform.

As the nation's first platform for conducting commercial credit analysis and evaluation of small and medium-sized enterprises across the region, the platform has established information sharing, privacy protection, and mutual trust mechanisms through the use of blockchain technology, which not only makes corporate information authentic and immutable, but also enables financial institutions The ability to query corporate information in accordance with laws and regulations can play a role in solving the financing pain points of three types of small and medium-sized enterprises in manufacturing, foreign trade and science and technology. Due to the platform's integration of a large number of intellectual property loan products, for science and technology enterprises, the application process for corporate loans can be simplified by 60%.

o7 Razer's financial branch applies for digital banking license in Singapore, stock price rises over 10%

On January 2, Sina Finance reported that Razer announced that its financial branch applied for a full digital banking license in Singapore. In early trading, the stock price soared rapidly. As of press time, the quoted price was HK $ 1.41, up 11.024%. Razer said that its fintech branch (Razer Fintech) has submitted an application for a fully digital banking license issued by the Monetary Authority of Singapore to establish a "Razer Youth Bank". According to guidelines issued by the Monetary Authority of Singapore, the Monetary Authority of Singapore is expected to notify Razer Fintech of the results of its application in mid-2020.

It is reported that, taking advantage of the company's advantage as a lifestyle brand that is inseparable from the young and millennial generations, Razer Fintech is planning to establish it as the world's first Global Youth Bank (ie Razer Youth Bank, which will be headquartered in Singapore). The FinTech sector has expanded to digital banking services. At present, Razer Fintech has gathered a consortium of strategic partners who intend to subscribe for equity in Razer Youth Bank. These strategic partners include Sheng Siong Holdings; FWD; Linksure Global; Insignia Ventures Partners; and Carro. In addition, Razer Fintech also brings together some of the world's leading service providers, product and technology platform partners to provide services to Razer Youth Bank, including Justco, Quantifeed, Saxo Markets, Real Vision, SkyScanner, SoCash, Turnkey Lender, V-Key and Visa.

Razer is a computer game technology company. On November 13, 2017, Razer officially landed on the main board of the Hong Kong Stock Exchange and became Hong Kong's first e-sports concept stock. It ranks with Zhongan Online, Yixin Group, Reading Group, and Ping An Good Doctor, and is known as the Hong Kong stock market. Five Swordsmen in the New Economy. " At the beginning of the listing, it was oversubscribed by 289 times. It has received investment from the well-known investment institution Temasek, Hong Kong's richest man Li Ka-shing, and Internet giant Intel.

o8 Bloomberg: Ant Financial has applied for Singapore Digital Banking License and will enter the Southeast Asian Digital Banking Queue

On January 2, according to Bloomberg, Ant Financial has applied for a Singapore Digital Banking License. Just over two months ago, Bloomberg reported that Ant Financial may be considering applying for a virtual banking license in Singapore, entering the Southeast Asian digital banking queue, and conducting a positive competition with traditional banking institutions such as DBS Bank and OCBC Bank. At that time, Guan Ant Financial had not disclosed whether it would apply for a retail bank license or a wholesale bank license.

It is understood that MAS expects to issue five digital banking licenses in the first batch, including two fully digital banking licenses and three wholesale digital banking licenses. The former provides various financial services such as deposits for retail and non-retail banking customers; the latter provides services for SMEs and other non-retail banking customers.

In addition, on December 20, Reuters reported that people familiar with the matter said that Ant Financial had quietly acquired eMonkey, a Vietnamese e-wallet company. Ant Financial has its own office in Vietnam and invests in eMonkey because the company has obtained all operating licenses from the National Bank of Vietnam (SBV). In July 2019, Liang Shidong, the vice president of Ant Financial Services, said that Ant Financial Services has established an independent team to study the relevant requirements of financial holding companies and actively participated in soliciting opinions. In May of the same year, Ant Financial obtained a virtual banking license in Hong Kong.

Public reports indicate that in July 2019, following the announcement and issue of a virtual banking license in Hong Kong, the Monetary Authority of Singapore (MAS) announced the launch of the same license to allow companies without a banking background to conduct banking business. Singapore is set to announce the winners of five digital banking licenses in mid-2020. The new digital banking license is expected to begin operations in phases starting in mid-2021.

o9 Ethereum mainnet has activated the Muir Glacier upgrade, reducing the average daily block time by nearly 25%

On January 2nd, the Ethereum mainnet activated the Muir Glacier hard fork upgrade at a block height of 9.2 million at 16:31 on January 2, 2020 Beijing time to delay the gradual emergence of the Ethereum mainnet. Difficulty bomb, so this upgrade contains only one improvement proposal, EIP-2384. The EIP postponed the difficulty bomb again by 4 million blocks, or about 600 days. All mainstream Ethereum clients already support this upgrade. For node operators or miners, you need to use the latest version of the Ethereum client.

According to data from the Ethereum block browser Etherscan report, from January 1 to January 4, the average daily block time on the blockchain was reduced from 17.16 seconds to 12.96. This means a 24.48% reduction in time. Obviously, the decrease in block time leads to an increase in the number of blocks per day, and the inflation rate of Ethereum (ETH) is higher. According to Etherscan's Ethereum block count and reward chart, on January 1, miners created 4,980 new blocks and 10,237 ETH. On January 4, the network's miners created 6,570 new blocks and 13,437 new ETH. The number of blocks increased by nearly 32%, and block rewards increased by more than 31%.

The last upgrade of the Ethereum mainnet was on December 8 last year. The Istanbul upgrade was activated at block height 9069000, which included 6 improvement proposals. In the Ethereum 1.X roadmap, the next upgrade is codenamed "Berlin" and is scheduled to take place in June this year.

10The market value of Chizi City is HK $ 3 billion, and Huobi Capital is its cornerstone investor

On December 31, Chizicheng Technology officially landed on the main board of the Hong Kong Stock Exchange with a stock code of 99911. Huobi Capital was its cornerstone investor. It is reported that the issue price of Chizi City was 1.68 Hong Kong dollars, and the net raised funds was 176 million Hong Kong dollars. The market value of Chicheng City on that day was as high as HK $ 3 billion. As of press time, the offer price was HK $ 3.21, which was 91.071% higher than the issue price.

Previously, during the global sale phase from December 17th to 20th, Chizicheng Technology recorded a total of 1441.83 times the public subscription. This listing has attracted investments from many financial institutions, including Fortune Financial's participation in its Pre-IPO, and public funds such as Huaxia Fund and China Re Group to participate in its anchor investment. It is worth noting that Huobi Capital, a blockchain technology Huobi, is its cornerstone investor. Huobi said that Chizicheng Technology has built a 6-year Internet ecology and accumulated 800 million global users, which has become a key factor to attract its participation.

It is reported that as early as 2013, Chizicheng began overseas deployment, creating an APP product matrix for global users, and a programmatic advertising platform serving global Internet manufacturers. At present, Chizicheng Technology has successfully issued more than 70 products, accumulated nearly 800 million global users, covering more than 200 countries and regions around the world. In the first half of 2019, the average daily activity of Chizi City's technology products reached 35 million and the monthly activity reached 164 million.

11NGC Ventures launches NGC Ventures Fund II with expected size of $ 25 million

On January 3, according to Crypto Briefing, the blockchain investment agency NGC Ventures launched the second phase of the "cryptocurrency all-weather investment strategy" fund NGC Ventures Fund II. The fund focuses on capturing the market's beta and ensuring a stable return on investment during periods of market prosperity or downturn.

It is reported that the new fund is expected to have a cap size of US $ 25 million, and 80% have completed the subscription. Currently, investment tools used to execute 24/7 strategies include tokens, equity and structured products in primary and secondary markets, fixed income and quantitative trading, arbitrage, mergers and acquisitions, mortgages, and mining. Although the current investment tools are very diverse, NGC only focuses on two goals: one is to use various tools including big data, artificial intelligence and artificial data analysis to summarize and analyze different data sources to understand and predict Macro market cycles and allocation of assets. The second is to create Alpha through direct investment projects in the form of tokens or equity to help grow out of profit.

It is reported that NGC has more than fifty blockchain investments. Its first fund was established in November 2017 and was recognized by PitchBook as one of the top ten blockchain venture capital funds ranked by number and scale. The second fund is now launched to ensure that investment returns can be obtained at any stage of the market cycle.

12Alibaba Dharma Institute announces ten major technology trends in 2020, large-scale production-grade blockchain applications will enter the public

On January 2nd, Alibaba Institute announced ten major technological trends in 2020, including: the evolution of artificial intelligence from cognitive intelligence to cognitive intelligence; the integration of computing and storage to break through the bottleneck of AI computing power; the super-integration of the industrial Internet; large-scale collaboration between machines It becomes possible; modularization lowers the threshold for chip design; large-scale production-level blockchain applications will enter the masses; quantum computing enters the tackling period; new materials promote semiconductor device innovation; AI technology to protect data privacy will accelerate the implementation; cloud becomes IT technology The center of innovation.

Among them, large-scale production-level blockchain applications will enter the public. Alibaba Institute trend analysis: Blockchain BaaS services will further reduce the threshold for enterprises to apply blockchain technology. Hardware chips such as end-to-end, cloud, and chain-solidified core algorithms designed for blockchain will also emerge. To realize the anchoring of physical world assets and on-chain assets, further expand the boundaries of the value Internet, and realize the interconnection of Wanchain. In the future, a large number of innovative blockchain application scenarios and multi-dimensional collaborations across industries and ecology will emerge. Large-scale production-level blockchain applications with a daily life of more than 10 million will enter the public.

13 Ethereum research scientist Virgil Griffith will be released on bail and has now been removed

On December 31, according to Inner City Press, Vernon Broderick, a judge in the Southern District of New York, sentenced Ethereum research scientist Virgil Griffith on December 30. Virgil Griffith has been released on bail at his parents' Alabama home. The bail is $ 1 million, but the exact time of the bail is unknown.

According to previous reports by PANews, last week the U.S. prosecutor's office designed in a text message sent by Virgil Griffith to his parents that he had renounced U.S. citizenship and opened a money laundering company in North Korea on the grounds that it rejected Virgil Griffith's bail request. But in a 30-day appeal, Virgil Griffith's attorney Brian Klein defended that Virgil Griffith had not actually renounced his citizenship, and that his allegations were violations of sanctions rather than money laundering. Brian Klein also mentioned that Virgil Griffith has now been removed from the Ethereum Foundation. In addition, the court discussed the risk of Griffith's escape abroad and controllable capital. The final judge approved Virgil Griffith to parole his parents in Alabama with a $ 1 million bail.

Previously, Virgil Griffith was detained on suspicion of violating the International Emergency Economic Powers Act (IEEPA) and travelling to North Korea to participate in a government-organized cryptocurrency conference in Pyongyang. Virgil Griffith was the head of a special project at the Ethereum Foundation. PANews has found out that Virgil Griffith has not updated his LinkedIn activity.

14The last issue of the institute and Qingdao Customs planned to launch a blockchain-based futures supervision information platform

On December 30, according to reports from the financial community, the Shanghai Futures Exchange (hereinafter referred to as the “Shangzhou Futures Exchange”) signed a strategic cooperation agreement with Qingdao Customs. Through the signing of the agreement, SSE and Qingdao Customs realized strategic cooperation, and coordinated the development of bonded delivery services for natural rubber, crude oil futures and other futures varieties, helping to form a pilot experience for the construction of the Shandong Free Trade Zone.

In the next step, under the framework of the strategic cooperation agreement, the previous period will cooperate with Qingdao Customs to promote the development and operation of a blockchain-based natural rubber and crude oil futures regulatory information platform, strengthen education, training and information exchange, and develop crude oil, natural rubber, and pulp And other futures commodity inspection cooperation exchanges, establish and improve a smooth and convenient contact mechanism, and strengthen pragmatic cooperation at a higher level.

15Insurance risk control blockchain platform construction officially launched, 14 insurance companies have announced their joining

On December 30, according to the Securities Daily, the construction of the insurance risk control blockchain platform was officially launched at the recently launched "Initiation of the Development of Blockchain Application Technology Standards for the Insurance Industry and the Release Ceremony of the" Blockchain Insurance Application White Paper "". , 14 insurance companies announced to join the alliance chain platform. At the same time, the construction of "Technical Standards for the Application of Blockchain in the Insurance Industry" was launched on the same day, with 109 industry organizations participating, responding and actively supporting the formulation of the standard. This means that the application of blockchain technology in the insurance industry will accelerate, and the application scenarios will be more abundant, and the industry is also looking forward to more landing application results.

At present, there are PICC P & C, CPIC Ping An, Ping An P & C, Dadi P & C, China United Insurance, Anda P & C, Mitsui Sumitomo, Shidai P & C, AXA, Sunshine P & C, Huatai P & C, A total of 14 insurance companies including Yongcheng Property & Casualty Insurance, Dubang Property & Casualty Insurance and Huaan Property & Casualty Insurance formally announced their participation in the insurance risk control blockchain platform.

The "White Paper" points out that the insurance industry is likely to become one of the first large-scale applications of blockchain. Blockchain has huge application scenarios with the insurance industry in at least 11 aspects, including reinsurance, annuity management, insurance risk control, health care, points, digital insurance policies, traceability of agricultural insurance, insurance alternative asset management, OTC digitalization, International trade insurance and mutual insurance. According to a related research report by McKinsey, the insurance industry accounts for 22% of the blockchain application scenarios in various industries, ranking first. Boston Consulting research shows that the in-depth use of blockchain will reduce the operating costs of global property insurance companies by 5% -13%.

16 Guangzhou Metro issues the first blockchain electronic invoice

Guangzhou Metro issued the first blockchain electronic invoice on January 1, 2020, marking the application of blockchain electronic invoice in the public transportation industry in Guangzhou. It is expected that it will be fully launched on the Guangzhou Metro official app by mid-January. use.

The integrated application of blockchain technology plays an important role in new technological innovations and industrial changes. The implementation and promotion of blockchain invoices will further facilitate the general public to issue invoices when riding subways.

Guangzhou Metro said that the current invoice function is still in the process of debugging, and will speed up the system's function debugging and improve the invoicing function in the future. More efficient, better, and smarter travel experiences.

According to PANews statistics, there were 4 blockchain project financings announced last week, with a total amount of more than 5.785 million US dollars (excluding projects that have not disclosed specific investment and financing amounts), involving exchanges, crowdfunding platforms, content and other fields .

o1 Youbi Group obtains well-known angel investment

On January 4th, according to official news, Ubiquity, a subsidiary of Ubiquity Group, recently received millions of strategic investments from well-known investors for the creation and operation and maintenance of the Ubiquity's physical asset on-chain ecology. Ubiquiti Group is currently launching cooperation plans for overseas listed companies. YooEx is a global digital asset exchange and an important part of YooEco.

o2 Snow Road won a strategic investment of US $ 5 million while establishing a foundation in Singapore

On December 31, according to official news, Snow Road received a USD 5 million strategic investment from the Cayman offshore fund, and the investor was the Four Dimensions Global Strategy Fund; Registration No. 1542752. Snow Road official said that this round of financing to create a digital asset contract market pan-entertainment social copying platform will be used to strengthen the mining mechanism of the data mechanism and improve the product experience after the live launch. At the same time, in order to ensure the smooth operation of the snow track and global strategic deployment, the XueDao Foundation was established on December 31. The foundation's main task is to operate the snow road's ecological network and the snow road in principle in an open, fair and transparent principle. The development team supports it. Snow Road Copy is a pan-entertainment social trading platform in the digital currency field. It aggregates the three parties of crypto funds, traders and investors to provide users with real-time quotes, news information, real data, rating rankings, trading strategies, and copy trading. And quantified fund investment and financing services.

o3Baanx has raised nearly £ 600,000 (about $ 785,000) on Seedrs, an equity crowdfunding platform

On December 31, the payment and cryptocurrency trading platform Baanx's financing progress on Seedrs, an equity crowdfunding platform, has approached 600,000 pounds. It is reported that Baanx plans to sell the company's 7.1% stake at a pre-tax valuation of 7.85 million pounds. To date, Baanx has raised £ 567,825 from 276 individual investors. The company had previously conducted a seed round of financing.

o4 decentralized live streaming platform DLive was acquired by TRON and joined the BitTorrent ecosystem, and has been invested by Zhenge Fund

On December 31, DLive, a decentralized live broadcast platform, announced that it would join the BitTorrent ecosystem and start migrating to the TRON blockchain. According to the official announcement, DLive and the blockchain development team will cooperate with the BitTorrent team to promote its products and services on BitTorrent, and further use the storage services on BitTorrent to further "decentralize" the content. In addition, BitTorrent's streaming platform BLive will merge with DLive into a team. Lino founder Wilson confirmed to PANews that the joining was an acquisition, but it was not convenient to disclose the specific amount of the acquisition.

It is reported that DLive was originally built on the decentralized video distribution system Lino blockchain. Currently, the ACE Protocol Foundation, the foundation of the Lino Network, has announced the establishment of a strategic partnership with the BitTorrent Foundation, which plans to introduce the BitTorrent protocol and BTT tokens to the Lino community. The Lino project completed the first round of US $ 20 million in financing in early 2018 and was led by Zhenge Fund.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!