People's Daily Commentary Blockchain: Breakthroughs in Overtaking

Source: People's Daily

Author: Li Zheng

During this time, the “blockchain” became a hot word of public opinion. In the 18th collective study of the Political Bureau of the Central Committee, General Secretary Xi Jinping emphasized that “the blockchain is an important breakthrough for independent innovation of core technologies” to “accelerate the development of blockchain technology and industrial innovation”. The forward-looking judgment of the Party Central Committee has enabled the “blockchain” to enter the public's field of vision and become a common concern of financial capital, the real economy and social public opinion.

From network power to big data, from media integration to blockchain, the Central Political Bureau collectively learns to aim at the forefront of technological change, showing the direction of the Party Central Committee, forward-looking judgment and future foresight, leading China's industrial transformation and economic transformation. The pace . The collective political study of the Central Political Bureau, with a special emphasis on the “blockchain”, opened up the imagination space for the development and application of the blockchain.

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What is a blockchain? From a technical perspective, blockchain involves many scientific and technical issues such as mathematics, cryptography, the Internet, and computer programming. From an application perspective, in simple terms, the blockchain is a distributed shared ledger and database, which has the characteristics of decentralization, non-tampering, trace retention, traceability, collective maintenance, and transparency. These characteristics ensure the “honesty” and “transparency” of the blockchain, laying the foundation for creating trust in the blockchain. The blockchain-rich application scenarios are basically based on blockchains that can solve information asymmetry problems and achieve collaborative trust and concerted action among multiple entities.

How the blockchain creates trust and cooperation mechanisms can be seen more clearly when it goes deep into specific application scenarios. The blockchain “cannot be falsified” features solutions for the “certification” problem in economic and social development, providing a new way of thinking for social credit reporting; the “distributed” feature of blockchain can open up inter-departmental “Data barriers” to achieve information and data sharing; blockchains form a “consensus mechanism” that can solve the problem of information asymmetry and truly realize the transformation from “information Internet” to “trusted Internet”; blockchain adopts “smart contract” It can realize the collaborative trust between multiple subjects, thus greatly expanding the scope of human cooperation. In general, the blockchain creates value by creating trust. It ensures that all information is digitized and shared in real time, thereby improving collaboration efficiency and reducing communication costs, enabling multiple parties with high degree of dispersion, long management chains, and many links. Effective cooperation .

The blockchain "has come in the future," but it must also be rational. Blockchain technology is accompanied by cryptocurrency, but blockchain technology innovation does not mean speculating virtual currency. It should prevent the use of blockchain to speculate on air currency. At the same time, we must also see that the blockchain is still in the early stage of development, and needs to be further developed and improved in terms of safety, standards and supervision. For the use of blockchain storage, dissemination of illegal and illegal information, the use of blockchain for illegal transactions, money laundering, etc., should also be severely rectified. Through inclusive and prudent supervision, it is both inclusive of trial and error and it is strictly forbidden to cross the border, in order to better promote the innovation and development of blockchain. There is nothing wrong with the development of the blockchain, but it is necessary to avoid the slamming and repeated construction in order to open up the development of the blockchain in an orderly competition . China has a good foundation in the blockchain field. Some large Internet companies have long been deployed. More than 20 provinces have introduced policies to promote the blockchain industry. The talent pool is relatively abundant, and the application scenarios are relatively rich. It is fully qualified in this new competition. The road took the lead.

From a larger perspective, human beings can develop modern civilization because of the effective cooperation between large-scale people. The "invisible hand" of the market economy has also achieved the division of labor and cooperation in human society through market mechanisms. On this basis, blockchain technology will greatly expand the breadth and depth of human collaboration. Perhaps the blockchain is not just the next generation of Internet technology, but also the next generation of cooperation mechanisms and organizational forms.

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