Why did the government work report not mention blockchain?
互链脉搏
2020-05-23 04:00
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The 2020 government work report did not mention specific targets for economic growth, and what caught the attention of the technology community was that blockchain was not mentioned either.

Editor's Note: This article comes fromInterchain Pulse (ID: HiveEcon), Author: Yuan Shang, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Interchain Pulse (ID: HiveEcon)

Interchain Pulse (ID: HiveEcon)

, Author: Yuan Shang, reproduced by Odaily with authorization.

The 2020 government work report did not mention specific targets for economic growth, and what caught the attention of the technology community was that blockchain was not mentioned either.

From the No. 1 central document at the beginning of the year to the subsequent industrial policy documents of the Ministry of Industry and Information Technology, the Ministry of Communications, and the Ministry of Agriculture, all mentioned the need to develop blockchain. On April 20, the National Development and Reform Commission even included blockchain in the new infrastructure.

Why is it not mentioned in this year's government work report?

In the government work report, the blockchain is most likely to be mentioned in two places. One is the fourth point of the report, "relying on reforms to stimulate the vitality of market entities and enhance new momentum for development", which proposes "to promote the upgrading of manufacturing and the development of emerging industries. Significantly increase medium and long-term loans in the manufacturing industry. Develop the industrial Internet and promote intelligent manufacturing. New formats such as e-commerce online shopping and online services have played an important role in the fight against the epidemic, and we must continue to introduce supportive policies to comprehensively promote "Internet +" and create new advantages in the digital economy."

The second is that in the fifth point of the report, "implementing the strategy of expanding domestic demand and accelerating the transformation of economic development mode", it is proposed to "expand effective investment. This year, it is planned to arrange local government special bonds of 3.75 trillion yuan, an increase of 1.6 trillion yuan compared with last year. Increase the proportion of special bonds that can be used as project capital, and invest 600 billion yuan in the central budget. Focus on supporting the construction of "two new and one heavy" that not only promotes consumption, benefits people's livelihood, but also adjusts structure and increases stamina, mainly: strengthening the construction of new infrastructure , develop a new generation of information networks, expand 5G applications, build charging piles, promote new energy vehicles, stimulate new consumer demand, and help industrial upgrading."

The former is to promote the development of manufacturing and emerging industries, and the latter is to promote industrial upgrading with new infrastructure, both of which revolve around industries. The mentioned include "industrial Internet, e-commerce online shopping, online services, 5G, charging piles, new energy vehicles" and so on have formed related industries.

However, the "block chain" is currently relatively lacking in the construction of industrial ecology. "The blockchain industry is on the way. At present, it is more like a technology, lacking upstream and downstream industrial chains. Government work reports usually do not specifically mention the development of a certain technology." A blockchain industry insider told Interchain Pulse indicated.

In the original currency circle, the blockchain has already appeared in the form of industries, such as mining machines, mining, transactions, decentralized finance... However, in the field of blockchain application, the current blockchain is more in the form of technology to provide services for other industries.

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