Under the epidemic, blockchain is expected to make up for shortcomings in social online operations

Author: Song Jiaji, Renhe Yi

Summary

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Event: On February 6, the Beijing Municipal Government issued a document recommending the establishment of a blockchain-based supply chain debt and debt platform to improve financing convenience and promote the healthy development of SMEs in the epidemic-resistant stage.

In order to deal with the impact of the epidemic on business operations, the Beijing Municipal Government proposes to build a blockchain-based supply chain debt and debt platform to improve financing convenience. On February 6, the Beijing Municipal Government issued "Several Measures of the General Office of the Beijing Municipal People's Government on Coping with the Impact of Pneumonia of New Coronavirus Infection to Promote the Sustainable and Healthy Development of Small, Medium and Micro-sized Enterprises" to build a blockchain-based supply chain debt and debt platform. Provide right-financing financing services for SMEs participating in government procurement and state-owned enterprise procurement.

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Blockchain is expected to make up for the shortcomings of social operations exposed during the epidemic, and promote the online operation of supply chain finance, taxation, social fundraising and other scenarios. In order to deal with the impact of the epidemic on society and the production and operation of enterprises, online office and online business operations have increasingly become the focus of the market. During the epidemic period, the offline population was restricted. Under the traditional financial and credit business process, its efficiency and effectiveness may be difficult to guarantee. In addition to supply chain finance, social scenarios such as corporate taxation management, social fundraising management, and sourcing of materials have been restricted by the epidemic, exposing the shortcomings and problems of social operations during the epidemic. Pure data online is not a problem, but online business processes must have the effect of compliance and ensure market order. Traditional methods also need to solve the problems and shortcomings of credit endorsement, identity verification, and data credibility and traceability. Blockchain, as a trusted, traceable, and tamper-resistant data ledger system, can effectively serve as an infrastructure for online social operations. In particular, multi-party participation and financial services are involved. The trusted ledger of the blockchain plays a key role in providing mutual trust and data traceability to multiple parties. On April 9, 2019, the Beijing Internet Court's first judgment using "balanced chain" evidence came out. This case involves copyright infringement. The electronic evidence of the blockchain is the key evidence of this judgment. The online evidence collection process can be completed by inquiries. . The effectiveness of online operations is evident.

It is recommended to actively pay attention to the application of the three major scenarios of finance, people's livelihood and government affairs, as well as the application direction of the combination of blockchain and AIoT to solve the pain points of the scenario. From an investment perspective, the market currently pays more attention to telecommuting, but fundamentally improving the efficiency, standardization, and transparency of social operations will become the focus of follow-up. The blockchain operates online in the three major scenarios of improving finance, people's livelihood and government affairs. Level, has a wide application space. For example, in the financial scenario, it is difficult to solve the problems of SME loan financing, bank risk control, and department supervision; in the people's livelihood scenario, it provides smarter, more convenient and better public services for the people; and it improves the intelligence of urban management Level of precision; guarantee the orderly and efficient flow of production factors in the blockchain; in the government affairs scene, realize the common maintenance and utilization of government affairs data across departments and regions, and bring a better government service experience for the people. With the rapid popularization of the alliance chain, the blockchain will play an important role in three scenarios, serving the real economy and promoting the progress of blockchain technology research and development. However, blockchain can't solve all the problems. It also needs to combine AIoT and other technologies to solve the pain points and landing problems in actual scenarios. For example, in the supply chain financial scenario, the blockchain is used as the foundation platform and the Internet of Things and AIoT technologies are used to solve the entire trade The credible process and the binding of online data and offline physical trade is the general direction of the industry's development. With the combination of blockchain and new technologies such as AIoT and 5G, more new business models and scenario applications will be spawned.

Recommended mainline: For the subject, we continue to recommend the following three mainline blockchain service targets:

1. Financial services. (1) Supply chain finance: easy to see shares, Sifang Jingchuang, Hailian Jinhui; (2) financial security, blockchain asset hardware storage: Westone, Geer Software, Feitian integrity;

2. Livelihood services. (1) Electronic Invoice and Payment: Donggang Shares, GuangDong Express; (2) Electronic Authentication: Digital Authentication; (3) Copyright Service: Annie Shares.

3. Government affairs scene: High-light software, Huayu software.

Risk Warning: Uncertainty in regulatory policies, and the development of blockchain infrastructure is not up to expectations.

I. Blockchain helps Beijing enterprises to facilitate financing and make up for shortcomings in social online operations

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Event: On February 6, the Beijing Municipal Government issued a document recommending the construction of a blockchain-based supply chain debt and debt platform to improve financing convenience and promote the healthy development of SMEs in the epidemic-resistant stage.

In order to deal with the impact of the epidemic on business operations, the Beijing Municipal Government proposes to build a blockchain-based supply chain debt and debt platform to improve financing convenience. On February 6, the Beijing Municipal Government issued "Several Measures of the General Office of the Beijing Municipal People's Government on Coping with the Impact of Pneumonia of New Coronavirus Infection to Promote the Sustainable and Healthy Development of Small and Medium-sized Enterprises", and issued a response to the impact of the epidemic and promoted the sustainable and healthy development of small and medium-sized enterprises 16 measures, including improving the convenience of financing. The "Measures" emphasizes strengthening the rapid response mechanism and network construction of financial services, launching the "online smooth integration project" quick docking service, giving full play to the role of the bank-enterprise docking system, improving the availability of financial services, and reducing service costs. Establish a supply chain debt and debt platform based on the blockchain to provide rights-financing financing services for small, medium and micro enterprises participating in government procurement and state-owned enterprise procurement.

Blockchain is expected to make up for the shortcomings of social operations exposed during the epidemic, and promote the online operation of supply chain finance, taxation, social fundraising and other scenarios. In order to deal with the impact of the epidemic on society and the production and operation of enterprises, online office and online business operations have increasingly become the focus of the market. The healthy cash flow of enterprises during the anti-epidemic stage has become the key point of operation. In particular, many small and medium-sized enterprises have stated that due to the delayed resumption of work, the financial pressure is huge, and financial credit is urgently needed. During the epidemic period, the offline population was restricted. Under the traditional financial and credit business process, its efficiency and effectiveness may be difficult to guarantee. In addition to supply chain finance, social scenarios such as corporate taxation management, social fundraising management, and sourcing of materials have been restricted by the epidemic, exposing the shortcomings and problems of social operations during the epidemic. Pure data online is not a problem, but online business processes must have the effect of compliance and ensure market order. Traditional methods also need to solve the problems and shortcomings of credit endorsement, identity verification, and data credibility and traceability. Blockchain, as a trusted, traceable, and tamper-resistant data ledger system, can effectively serve as an infrastructure for online social operations. In particular, multi-party participation and financial services are involved. The trusted ledger of the blockchain plays a key role in providing mutual trust and data traceability to multiple parties. On April 9, 2019, the Beijing Internet Court's first judgment using "balanced chain" evidence came out. This case involves copyright infringement. The electronic evidence of the blockchain is the key evidence of this judgment. The online evidence collection process can be completed by inquiries. . The effectiveness of online operations is evident.

 

It is recommended to actively pay attention to the application of the three major scenarios of finance, people's livelihood and government affairs, as well as the application direction of the combination of blockchain and AIoT to solve the pain points of the scenario. Blockchain has a broad application space in improving the online operation of the three major scenarios of finance, livelihood and government affairs. For example, in the financial scenario, it is difficult to solve the problems of SME loan financing, bank risk control, and department supervision; in the people's livelihood scenario, it provides smarter, more convenient and better public services for the people; and it improves the intelligence of urban management Level of precision; guarantee the orderly and efficient flow of production factors in the blockchain; in the government affairs scene, realize the common maintenance and utilization of government affairs data across departments and regions, and bring a better government service experience for the people. With the rapid popularization of the alliance chain, the blockchain will play an important role in three scenarios, serving the real economy and promoting the progress of blockchain technology research and development. However, blockchain can't solve all the problems. It also needs to combine AIoT and other technologies to solve the pain points and landing problems in actual scenarios. For example, in the supply chain financial scenario, the blockchain is used as the foundation platform and the Internet of Things and AIoT technologies are used to solve the entire trade The credible process and the binding of online data and offline physical trade is the general direction of the industry's development. With the combination of blockchain and new technologies such as AIoT and 5G, more new business models and scenario applications will be spawned.

In terms of subject matter, we recommend the following three mainline blockchain service companies.

1. Financial services. (1) Supply chain finance: easy to see shares, Hailian Jinhui; (2) financial technology: Quartet Jingchuang; (3) financial security, blockchain asset hardware storage: Westone, Feitian integrity.

2. Livelihood services. (1) Electronic Invoice and Payment: Donggang Shares, GuangDong Express; (2) Electronic Authentication: Digital Authentication; (3) Copyright Service: Annie Shares.

3. Government affairs scene: High-light software, Huayu software.

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