Exclusive interpretation | Tencent blockchain released 3 editions of white papers in 3 years, these landing applications are the most concerned

On October 19, 2019, the 2019 Tencent Blockchain White Paper was released at Tencent's first digital transformation strategy meeting jointly held by Tencent Research Institute, Tencent FIT, Tencent Cloud, Tencent Legal Innovation Center and Tencent Finance and Economics. .

It is worth noting that this is the third consecutive year that Tencent has released a blockchain white paper. It is also the blockchain white paper published by Tencent FIT and Tencent Cloud for the first time in Tencent's history. Previously, Tencent FIT released the Tencent Blockchain Solution White Paper in 2017. Tencent Cloud released the Tencent Cloud Blockchain TBaAS Product White Paper in 2018.

On the paper, the soldiers suddenly feel shallow, and they know that this matter must be carried out.

In the past three years, Tencent has not only released a series of white papers every year, but also strives to translate technical achievements into practical applications every year.

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2017: "Tencent micro-gold" red envelope into Tencent's first blockchain application

(Tencent blockchain 2017 big event)

On New Year's Eve in 2017, WeChat users sent and received 14.2 billion WeChat red envelopes, setting a new record for electronic red envelopes. Shortly after New Year's Eve, the "Tencent Micro Gold" red envelope was launched, and Tencent tried to use the blockchain to assist in bookkeeping.

According to media reports at the time, Micro Gold was a joint online gold trading service jointly developed by Tencent Tenpay and Industrial and Commercial Bank of China based on the gold products of ICBC. The gold red envelope is based on Tencent Micro Gold, and individuals can transfer their share of gold to others in the form of red envelopes.

Since then, Cai Yige has been interviewed by the media and revealed that Micro-Gold is the first internal commercial scene of Tencent's experiment when doing blockchain projects.

To provide technical support for Micro Gold is Tencent's self-developed blockchain underlying technology platform, TrustSQL, in early 2016. According to the Tencent Blockchain Solution White Paper released in 2017, TrustSQL core is positioned to build a leading enterprise-level blockchain base platform, providing the function of blockchain basic services for upper-level application scenarios through SQL and API interfaces.

Subsequently, Tencent based on TrustSQL in the public welfare and supply chain finance test.

In May 2017, Tencent's charity tracing chain was launched, using the blockchain technology “shared books” to “Ten search for pro-advertising”, “computer housekeeper search”, “mobile phone housekeeper-small pipe search” Five public welfare tracing platforms, such as “Yu Tu Xun Ren” and “WeChat Small Program Searching for People”, opened up and realized information sharing.

In October 2017, the establishment of the blockchain + supply chain financial platform "micro-enterprise chain", which is also a case of Tencent blockchain, is not only displayed on the official website, but also regarded as the most in the blockchain of Tencent. The good practice case was written in the 2019 Tencent Blockchain White Paper.

According to the white paper, the micro-enterprise chain is developed by Tencent and its factoring company, Lianyi Rong, with Tencent blockchain and Tenpay payment as the underlying technology, combined with asset auditing system (AMS platform) and ABS platform (standardized ABS workflow collaboration). Platform), jointly established open supply chain asset service platform.

Platform introductions include, but are not limited to, core companies, suppliers, banks, trusts, brokers, and factoring companies to achieve the split, transfer, and realisation of accounts receivable. Through the blockchain technology of Tencent and the resource ecology of Tencent, the core assets of the core enterprises and the financial institutions of the financial institutions will be linked to improve the efficiency and liquidity of fund allocation, support the supply chain of small and micro enterprises, reduce the cost of social financing, and create inclusive finance.

In December 2017, Tencent Cloud TBaaS built a one-stop service platform for blockchain insurance claims for Love Life Insurance Company. This is the first time that Tencent Cloud TBaaS has cooperated with the outside.

According to the "2019 Tencent Blockchain White Paper", from the product design to the agent system sales model, the traditional insurance adopts a top-down sales management model, the intermediate links are complicated, and the response to the market rhythm feedback is slow, not It is well adapted to the rapidly changing social situation of today. The introduction of the blockchain not only saves the digital information deposit in the block, but more importantly realizes the sharing of information and the circulation of value, and opens up all the links of “medical-insurance-supervision” to achieve real meaning. The electronicization of the medical and insurance business. Through the intelligent contract, the insurance business is carried in the blockchain network, and the high-level goals of automatic underwriting and intelligent claims are completed. After the insurance is fully operational, the distributed management of business capabilities and data storage can be realized, which avoids a series of problems brought about by the centralized data center, and greatly reduces the cost of bursting and operation and maintenance.

2018: blockchain invoices into layout priorities

(Tencent blockchain 2018 event)

In the white paper, 14 items of the Tencent blockchain in the 2018 event were summarized, 6 of which were all around the invoice, which shows Tencent's emphasis on the invoice business.

According to the white paper, in the traditional invoice field, there is a pain point of “false ticket opening, real ticket opening”. In the blockchain where multiple parties participate, the payment information is integrated into the invoice process, and everything can be traced and traceable. Moreover, by encrypting the entire process information of the invoice flow, the security of the electronic invoice system is improved, the cost of the regulatory agency and the enterprise is reduced, and the consumer reimbursement process is simplified.

On May 24, 2018, the “Zhi Tax” Innovation Lab jointly established by Tencent and Shenzhen Municipal State Taxation Bureau (hereinafter referred to as “Shenzhen State Taxation Bureau”) was formally established, using cloud computing, artificial intelligence, blockchain, and large Data and other technologies will fully explore and empower tax scenarios and promote in-depth cooperation in the field of “Internet + Taxation”. In August of the same year, the State Administration of Taxation authorized the Shenzhen Municipal Taxation Bureau to try out the blockchain electronic invoice. The Shenzhen Taxation Bureau defined the administrative issuance standards and the taxpayer invoice use specifications. Tencent provided the underlying technical support of the blockchain, and finally realized the “funds”. The second stream of the flow and invoice flow combines the invoice issue with the online payment to open the entire process of invoice claim, ticket, reimbursement and tax filing.

Blockchain electronic invoices were born in the form of Internet products, so that all aspects of the tax authorities can be traced, business operations decentralized, tax processing online and reimbursement circulation paperless.

Subsequently, the electronic invoices of the blockchain in Tencent District gradually reached the retail and financial scenes such as Wal-Mart, China Merchants Bank and WeChat payment merchant platform.

(Tencent blockchain electronic invoice business flow chart)

At the same time, Tencent Cloud TBaaS also began to exert force. In March 2018, Tencent officially released the "Tencent Cloud Blockchain TBaast Product White Paper" and provided users with one-click blockchain deployment services in the financial zone. In November 2018, the ranking of BaaS (BlockChain-as-a-Service) in the field of competitiveness announced by the authoritative industry analysis agency ABI Research, Tencent Cloud TBaaS with its application in the market, products, Excellent support in terms of ecological support and safety and additional services ranks first in China's blockchain market.

2019: Blockchain enters the harvest season, business data disclosure of multiple scenarios

(Tencent blockchain 2019 event)

After the early exploration, the Tencent blockchain ushered in the harvest season in 2019.

In the field of games , the first block of the Tencent blockchain containing the blockchain elements "to catch the demon" after two months of operation, as of June 12, 2019, the game's Tencent blockchain module "exclusive cat ", has generated millions of blockchain active addresses and nearly 10 million blockchain transactions.

In the field of government affairs, Tencent has also cooperated with Shenzhen Metro, Vanke Property, and Shenzhen Taxi Smart Travel Platform “Taxi Assistant” in this year to expand the blockchain scene to a wider field. As of August 5, 2019, there were 6 million invoices issued using the blockchain of Tencent , with a sum of 3.9 billion invoices.

In the field of judicial deposits, relying on TrustSQL to create a "to the letter chain", has been approved by the Supreme People's Court, opened the country's only mobile-side litigation platform "China Mobile Micro Court", a number of high-level people's courts joined the letter chain to become an authoritative node There are more than 10 million certificates in the current chain.

In the field of supply chain finance , on May 17, 2019, the “micro-enterprise chain” ABS project received a letter of no objection from the Shenzhen Stock Exchange, and the approved storage shelf size was 10 billion yuan . The project created a number of first orders in the ABS market, the first Tencent supply chain financial exchange ABS, the first Tencent financial technology (trusted blockchain, etc.) to empower ABS and the first head Internet company (BATJ) ABS, a supply chain financial transfer platform, is of great pioneering significance.

In the city ​​bank bank draft project based on blockchain technology, a total of 48 blockchain nodes were deployed, and nearly 200 tickets were invoiced every day to innovately activate the stock customers, effectively preventing the risk of the bill market.

It can be seen that since 2015, attention has been paid to blockchain technology and independent research and development, and it has been fruitful in 2019. In just 4 years, Tencent has been walking on two legs in technology and application, constantly consolidating the underlying platform and exploring the application of the blockchain in the physical industry, and has delivered a satisfactory answer to the blockchain industry.

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