Depth | Favorable policies come out frequently. Will 2020 be the first year of blockchain outbreak?
"The integrated application of blockchain technology plays an important role in new technological innovations and industrial changes. We must take blockchain as an important breakthrough in independent innovation of core technology, clarify the main attack direction, increase investment, and strive to overcome a batch of Key core technologies will accelerate the development of blockchain technology and industrial innovation. "
In 2019, as the central government encourages the development of blockchain technology, blockchain policies are successively introduced to accelerate the implementation of blockchain, serve the real economy, and build a new digital economy. So in 2020, how exactly does the blockchain develop the opportunities for digital transformation of traditional enterprises?
This article invited a number of leaders in the blockchain industry and deep cultivators in the supply chain industry to see how they view the opportunities and challenges on the air.
They are:
- Video: Exploration, Application and Prospect of Blockchain in Digital Marketing (Part 1)
- Technical Guide | How Do Digital Contracts Decentralize Ownership?
- Data analysis: how to maintain the emerging market structure of digital currencies under the market waterfall
- Pan Haihong (Executive Secretary-General, Blockchain Application Branch of China Federation of Logistics and Purchasing)
- Xiang Feng (Director of National Engineering Laboratory for Logistics Information Interoperability and Sharing Technology and Application, Vice President of Yuantong Express)
- Zhe Wenming (Head of the 2025 Laboratory of Jingdong Logistics Technology Development Department)
- Tu Wenhui (Director of Wanxiang Blockchain Intelligent IoT Division)
- Luo Xiao (Co-founder & CEO of YuChain Technology)
- Chen Xiaotian (General Manager of China Unicom Internet of Things Co., Ltd.)
The topics we explore include:
- Blockchain favorable policies frequently appear. Will 2020 be the first year of the outbreak of blockchain?
- What areas will "Blockchain" + "Internet of Things" have a profound impact on?
- What is the application and future of blockchain + 5G?
1. Blockchain's favorable policies come out frequently. Will 2020 be the first year of blockchain outbreak?
After years of development, blockchain applications have been extended from a single underlying technology applied to the Bitcoin system to many areas including e-commerce logistics. This new technology is an opportunity and a challenge for all sectors of society. We should rationally recognize that the current blockchain technology has the so-called "impossible triangle" bottleneck problem, that is, the existing blockchain system can only take two points into consideration: security, efficiency, and decentralization. How to break the situation will be directly related to whether this revolutionary technology can be implemented in large-scale commercialization in the future. To make good use of this new technology of blockchain, it is necessary to innovate from the underlying technology and equipment, make breakthroughs in application scenarios, and require the coordinated support of the government and all sectors of society.
In the past three years, companies in various industries have been actively exploring the integration and innovation of "blockchain + industry". They have also made many breakthroughs. Many companies have implemented many application scenarios in their respective industry fields. The value of blockchain technology in it. The characteristics of the blockchain determine the need for multiple parties to participate in order to maximize the value of the blockchain in the industry application. At the same time, the awareness of the blockchain in the society needs to be further deepened. Next, all industries must work together to continue Do a good job of collaborative innovation within and between industries, and jointly explore and implement more and richer application scenarios to form a comprehensive flowering situation across the industry.
In his speech on the Political Bureau of the Central Committee of the Communist Party of China on October 24 last year, he clearly identified blockchain as an important breakthrough in independent innovation of core technologies. From the perspective of our actual contact with customers and partners, national policies have accepted market applications of the blockchain industry. Very good promotion. For example, in the fields of smart animal husbandry, supply chain finance, anti-counterfeiting traceability, point management, and philanthropic applications, blockchains have recognized and accepted the concepts of data credibility, privacy protection and value transfer. The application of the chain industry will be a period of valuable development opportunities. We also hope to launch more products and services suitable for various industry applications together with China Unicom IoT in 2020.
First of all, when I started researching blockchain in 2017, I firmly believed that blockchain will be a career that can be done for 20, 30 or even longer. I also fully agree that 2020 will be the first year of the outbreak of the blockchain. To be precise, it should be the first year of the outbreak of blockchain applications or industry. As we all know, after the study by the Political Bureau of the Central Committee of the People's Republic of China on October 24, 2019, the blockchain has been elevated to the height of national strategy. Recently, the state has explained the blockchain technology and specific applications, referring to the importance of blockchain as social governance. tool. Blockchain technology has been affirmed for the first time, and the application of blockchain has been confirmed for the second time, so there is no doubt that in 2020, there will be a big explosion in the blockchain industry.
Blockchain is not a new technology, but with the policy guidance, his application field has been greatly expanded and extended, and the extension of this field will allow more industries to start paying attention to the blockchain and will give the district The development of blockchain in various fields creates more opportunities to accelerate the development and maturity of various applications of blockchain. Therefore, the blockchain should develop in more fields in 2020, but this also depends on the business model matching of the actual application scenario and the maturity of the industry.
2. What areas will "Blockchain" + "Internet of Things" have a profound impact on?
Pan Haihong, Executive Secretary-General, Blockchain Application Branch, China Federation of Logistics and Purchasing
Blockchain can guarantee that the data is difficult to tamper with after being uploaded, but it cannot guarantee the authenticity of the data before being uploaded. In contrast, the Internet of Things technology can ensure that the collected data is authentic and reliable, but it cannot guarantee that it cannot be tampered during transmission. Therefore, the combination of blockchain and the Internet of Things can completely ensure that the data cannot be tampered with, and is truly effective. In addition, the blockchain can also make the data collected by IoT devices clear and tradable, and it can also make the deployment and data transmission of IoT devices more secure. As far as the logistics and supply chain industries are concerned, typical scenarios such as food traceability, drug traceability, warehouse receipt financing, and inventory pledge based on the integration of the Internet of Things and blockchain technology will have major breakthroughs.
Strong security, high transparency and non-tampering characteristics give endless vitality and strong disruption to the blockchain. At present, blockchain technology has begun to be applied in many fields including logistics, supply chain, finance, medical health, public affairs, and so on. In recent years, the field of e-commerce has undergone earth-shaking changes in model innovation, the surge in the number of users, and the business volume of blowouts are driving the express logistics industry, which is closely related to it, to rapidly grow, transform and upgrade. The e-commerce logistics industry is in a new era of "Internet +". The new generation of information technology represented by the blockchain, combined with cloud computing, big data, and the Internet of Things, is bound to move from storage, transportation, distribution, cross-border and logistics Various dimensions of finance have brought new drastic changes to the industry.
The blockchain can solve the authenticity of the on-chain data, but it cannot solve the authenticity of the source data, and the Internet of Things technology can just solve this problem, so there will be many application scenarios for the "blockchain + Internet of things", mainly Focus on areas such as supply chain logistics, medicine, public welfare, copyright, and public emergencies. For example, the full-source tracing and logistics tracking of fresh and cold chain medicine, the tracking of public welfare donations, the tracking of materials and funds in public emergency scenarios, etc. are all application scenarios of blockchain + IoT.
Blockchain can confirm the identity of IoT devices, ensure the security of IoT data, and enable the cross-subject sharing of data while protecting privacy. Therefore, the introduction of blockchain in IoT scenarios can promote many new applications. Many areas have far-reaching implications. First of all, blockchain + IoT will greatly enrich the financial industry applications. For example, in terms of financial asset supervision, RFID tags and smart cameras can supervise assets for 24 hours. Combining blockchain can provide a good means of supervision for financial institutions. As a result, the pledge financing business can reach areas that were previously inaccessible; secondly, blockchain + IoT can promote the development of tracking economy, for example, in real-time tracking of health data, continuous and reliable data collection will bring great benefits in the treatment of diseases Great improvement; in addition, the blockchain + IoT in the field of smart cities and smart transportation will also have a profound impact.
There is no doubt that Blockchain + Finance and Blockchain + Big Internet of Things will be the two major directions for the first implementation of blockchain applications. At this stage, Blockchain + Finance is temporarily at the forefront, but I think the near future The application scale of Blockchain + Big Internet of Things will exceed that of Blockchain + Finance. Smart cities are undoubtedly the direction of future development. Blockchain + Internet of Things will definitely become one of the infrastructures for smart city development. YuChain Technology has been deploying the direction of blockchain + Internet of Things since 2019. It has independently developed the world's leading blockchain chip, encapsulated various forms of trusted modules, and is widely used in the large Internet of Things scenario. Management, environmental protection testing, credible prison, smart government affairs, hotel credible operation, sharing economy and other fields have been applied and implemented.
Blockchain + Internet of Things will have far-reaching effects from two aspects. 1. For the Internet of Things technology itself, it is an improvement. It takes advantage of the decentralized architecture characteristics of the blockchain to solve the high cost of centralized management of a large amount of data caused by the traditional centralized architecture of the Internet of Things, privacy and security, easy to be attacked, and multi-agent collaboration. Difficult question. 2. For the digital transformation with the help of the Internet of Things, it is a push to make the IoT data tables of various industries more accurate and effective by sharing the ledger. Make business model innovation infinitely possible. For example, the real rights of physical assets, the warehouse receipts of digital supply, the digitization and sharing of air waybills, and the application in smart city management will have far-reaching effects.
Recently, by digitizing Niu's assets, realizing asset right and digital risk control of capital loans are very good application areas.
3. What is the application and future of blockchain + 5G?
Blockchain is not a technology that exists in isolation, but is continuously combined with technologies such as artificial intelligence, 5G, the Internet of Things, and chips to bring about change to society. The characteristics of 5G network technology, such as low latency, high speed, and large connections, accelerate the implementation of blockchain applications. At the same time, blockchain technology also brings more reliable network security and trust mechanisms to 5G networks.
Blockchain is a distributed database. The number of nodes and network communication are two important factors affecting the processing efficiency of the blockchain. 5G has the characteristics of large bandwidth, low latency, and wide connections. 5G networks can accelerate the consensus of the blockchain. The processing process, especially the communication between the bookkeeping nodes, so the 5G communication-based blockchain will have stronger concurrency capabilities, meanwhile, the deployment of O & M will be more flexible, and the cost will be lower, which means that the applicable scenarios will be more rich.
The blockchain confirms the data and protects the privacy and security of the data. It provides a brand new trust mechanism and governance tools, while 5G features such as low latency, high bandwidth, and large connections greatly improve and change the connection method, and promote Emerging and time-sensitive applications emerge across industries. In the future, blockchain and 5G will be important infrastructures for building a super intelligent society. The combination of the two will give birth to a variety of smart applications for the future. For example, in the field of automotive autonomous driving, where safety is critical, the car itself is no longer a separate car. Cars and cars, cars and people, cars and road transportation facilities, cars and edge computing or the cloud need high speed, Safe and free connectivity, and blockchain + 5G can just meet the needs of autonomous driving for safe connectivity.
As far as the blockchain + 5G is concerned, the blockchain chip developed by Yuchain supports a variety of communication methods, such as common 3G, 4G, 5G, NB, NFC and other methods. As a high-speed, low-latency, and new-generation communications infrastructure capable of carrying large amounts of data, 5G will be more widely used in mobile scenarios. YuChain Technology has been exploring 5G + blockchain-related scenarios since 2019, such as: Blockchain + Internet of Vehicles, other hardware products such as car driving recorders are embedded in the blockchain chip, and data such as vehicle conditions are uploaded to the chain in real time. To form a credible automobile health file, to provide credible data for auto repair shops, commercial insurance companies, parts manufacturers in formulating sales strategies and reducing operating costs. It is believed that with the large-scale commercialization of 5G, 5G + blockchain will have greater achievements.
With 5G, the consistency of data collection and transmission will be greatly improved, which can improve the reliability of the blockchain network itself and reduce the application scenarios that are restricted or errors caused by network delays. More and more high-bandwidth and low-latency scenarios will be solved. For example, fields such as mining, automotive, and industry will better integrate 5G with blockchain and 5G to achieve digital transformation.
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