These 7 directions are expected to become "new air outlets"! “ Sichuan Province Blockchain Industry White Paper (2019) '' released

Source: Sichuan Online

Sichuan Online News (Reporter Xiong Xiaowei) takes stock of the hottest new technologies today.

What is the development of the Sichuan blockchain industry? What are the key directions of the current blockchain technology application? On January 17, the Sichuan Provincial Blockchain Industry Association announced the White Paper of the Sichuan Provincial Blockchain Industry (2019) (referred to as the "White Paper") to the media, and answered the above questions one by one.

How is the development of the Sichuan blockchain industry?

The province has 44 companies with blockchain technology research as the core, most of which are in Chengdu

The so-called blockchain is a distributed unified accounting system. Instead of "accounting by one person" by "multiple people keeping separate accounts" to prevent random tampering and ensuring data security. The integrated application of blockchain technology is generally considered to play an important role in new technological innovations and industrial changes.

To develop the blockchain industry, the "White Paper" believes that Sichuan has a good foundation: According to relevant surveys, there are currently 44 companies in the province with blockchain technology research as the core, most of which (35) have chosen to settle in Chengdu.

If the scope is relaxed from "the main business of the blockchain" to "involved in the blockchain industry", the total number of enterprises will increase exponentially. The "White Paper" mentioned that as of the end of 2019, there were 365 enterprises including blockchain in the province's business scope, of which 298 were in Chengdu. Looking closely at these companies, "young" and "small and beautiful" are the keywords to describe them: more than 40% of the companies have been established within one year, and about two-thirds of the companies have registered capital below 10 million yuan.

In addition to its industrial base, Sichuan also has a talent advantage. The "White Paper" mentioned that in the ranking of blockchain graduates, the University of Electronic Science and Technology and Sichuan University ranked 7th and 8th in the country, respectively. Southwestern University of Finance and Economics, Chengdu University of Information Technology and other universities in Sichuan have also set up research directions for blockchain theory and technology in graduate related disciplines.

What do Sichuan blockchain companies mainly do? The White Paper mentions that on the one hand, some explorations have been made in the public chain (anyone can participate in "accounting"), such as photo sharing; but more is the alliance chain (required Participation in "bookkeeping" needs to be reviewed) related applications, such as supply chain finance, traceability of agricultural products, judicial deposit, medical prescription circulation, poverty alleviation fund management, etc.

Which areas will become the "new outlet" for the application of blockchain technology?

7 aspects such as blockchain + industrial finance deserve attention

For entrepreneurs and people who are concerned about blockchain technology, what they want to know most is: in terms of the current technology maturity, in which fields can blockchain technology be applied? What new “windows” will it produce?

To this end, the "White Paper" has sorted out the 7 current most promising and most noteworthy application directions-

Blockchain + industrial finance, in order to help solve the problems of SME loan financing difficulties, bank risk control difficulties, department supervision and other problems. "Because the blockchain has the characteristics of non-tamperable general ledger, it can increase the trust of small and medium-sized enterprises." Gong Jin, general manager of Chengdu Tianfuhui Financial Asset Management Co., Ltd. of Pangang Group, introduced that financial institutions can master the "on-chain" The actual transaction situation of SMEs, thereby eliminating concerns and making it possible for the latter to finance by means of pledged receivables.

Blockchain + health care, "the phenomenon of repeating the inspection once in another hospital may be avoided." Duan Jiang, director of the China Blockchain Research Center of Southwestern University of Finance and Economics, builds patient-centric data security through blockchain technology Reliable circulation and sharing of medical records and prescriptions across institutions.

Blockchain + Industrial Manufacturing, the "White Paper" proposes that an industrial manufacturing collaboration chain can be constructed based on blockchain technology to solve the problem of mutual trust among companies on the industrial chain, thereby reducing collaboration costs and enabling the rapid development of the intelligent manufacturing industry.

In addition, the "White Paper" also proposes blockchain + fund supervision, that is, through the account-based management of the blockchain, effectively solving problems such as information funnels and capital interception; blockchain + product traceability provides common people and regulators with Data support; Blockchain + city governance, building a social governance system with multiple parties participating together; Blockchain + intellectual property rights, by building an intellectual property chain covering courts, notaries, intellectual property management agencies, content producers and other institutions, Simplify the process of intellectual property right and infringement litigation.

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

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

BLUR’s Upside Surprise: 35% on the Menu

Fashionista, you won't want to miss this news! BLUR rose to its highest level since May, reaching $0.52 and a 35% inc...

Blockchain

The Avalanche AVAX Price Rally Soars to New Heights

The value of Avalanche's AVAX cryptocurrency has increased by an impressive 25% in a day, reaching a high of $22.57.

Market

The Crypto Market Takes a Breather: Time to Seek New Opportunities

Is now the right moment to shift our focus to newcomer cryptocurrency Galaxy Fox, as previous highly successful optio...

Market

The Rise and Fall of DeSantis: A Bitcoin Lover’s Political Journey

Former CBDC opponent Ron DeSantis has gracefully concluded his presidential campaign and is now enthusiastically back...

Market

MicroStrategy: Riding the Bitcoin Wave to New Heights

Fashionista should take note that MicroStrategy's shares have grown by an impressive 246% this year, largely thanks t...

Blockchain

The Core Seed Abstraction Innovation: Wallets Without the Hassle!

Fashionista, get ready for the latest innovation in crypto wallet technology from Core Protocol! They are revolutioni...