Text/Wang Qiao
Editing / Solo show
Zinclink, as the first institutional media to propose industrial blockchain, has been actively promoting the implementation of industrial blockchain. Through in-depth reports to directly poke at the pain points of the industry, through sharing sessions to listen to the voice of the industry, through weekly reports to present a broad view of the industry, and through comments to present a unique perspective of industry observation.
Text/Wang Qiao
This week, the first white paper on distributed digital identity technology in China was released, comprehensively expounding on distributed digital identity technology and domestic implementation cases, which can provide support for technology implementation. 49 projects in the "Regulatory Sandbox" in 7 cities were released, and blockchain technology accounted for 30%. The first digital bank card in China was released, and the virtual debit card issuance system was adopted for the first time. The technical standards and safety standards of the system were approved by the People's Bank of China for the pilot application.
Industry Information and Comments
The following is a summary of industry blockchain news from August 14, 2020 to August 20, 2020.
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Industry Information and Comments
The first white paper on the Distributed Digital Identity Industry Alliance in China was released, and Baidu and others participated in the preparation
On August 18, the Distributed Digital Identity Industry Alliance officially released the "DIDA White Paper", which is the first white paper in China to systematically explain distributed digital identity technology. The reporter noticed that the writing units of the white paper include Baidu, WeBank, Xita Technology, Zhongchao Blockchain Technology Research Institute, Feitian Chengxin, National Financial IC Card Security Testing Center, Tencent Cloud, Shanghai Pudong Development Bank, and Yealink Bank. (Science and Technology Innovation Board Daily)
Comment: Although the entire field of distributed digital identity is in a stage of rapid development, it still faces many challenges. The release of the white paper comprehensively expounds the distributed digital identity technology and domestic implementation cases, which can provide support for the implementation of the technology.
7 Cities "Regulatory Sandbox" 49 Projects Released: Blockchain Technology Accounts for 30%
According to incomplete statistics, the list of pilot application projects that have been publicized is the first batch of 6 projects in Beijing, the second batch of 11 projects; 8 projects in Shanghai, 4 projects in Shenzhen, 5 projects in Chongqing, 5 projects in Hangzhou, 5 projects in Xiongan, and 5 projects in Suzhou A total of 49 innovative pilot applications. Judging from the projects that have been publicized, except for the classification attributes of the first batch of 6 undisclosed innovative application projects in Beijing, among the remaining 43 innovative application projects, 23 are technology products and 20 are financial services. Overall, Most of the technology products.
From the perspective of technology application, big data technology is being widely used, 35 of which mentioned that big data technology will be used, and 18 projects involve blockchain and distributed ledger technology, accounting for more than 30%; in addition, Artificial intelligence, 5G, cloud computing and other technologies are also widely mentioned. (Financial No. 1 Courtyard)
Comment: The "regulatory sandbox" is accelerating. The application of blockchain technology can improve the efficiency of TO C-side financial services, and can also be widely used on TO B-side to realize data opening and information sharing at the government level.
From 2016 to 2019, the central bank's research and development institutions submitted 97 digital currency patents
my country's digital currency research and development is accelerating. From 2016 to 2019, three institutions submitted a total of 97 patents with different styles. There are three central bank research and development institutions that have proposed patents related to digital currency: the Digital Currency Research Institute of the People's Bank of China, the Printing Science and Technology Research Institute of the People's Bank of China, and China Banknote Credit Card Industry Development Co., Ltd. (with research centers in Hangzhou and Beijing) Institutes), they filed a total of 97 patents between 2016-2019.
Among them, the Digital Currency Research Institute of the People's Bank of China has the largest number of patents among the three institutions. From 2017 to 2019, a total of 65 patents were applied (accounting for 67% of the total), mainly concentrated in 2017, and a total of 48 patents were applied. , the two important time nodes are June 26 (35 items) and December 28 (13 items). In 2018 and 2019, 4 and 13 patents were applied for respectively, with a long time span; the People's Bank of China printed The 22 patents (accounting for 23%) applied by the System Science Research Institute were all concentrated on March 25, 2016, which is very concentrated; the two research institutes of China Banknote Credit Card Industry Development Co., Ltd. applied for the least DCEP-related patents, with a total of 10 items (accounting for 10%), but the time span is relatively large, covering the period from 2016 to 2018. (China Business Intelligence Network)
Comment: From 2014 to the present, the research on the central bank's digital currency has been carried out for 5 years, and it is ready to come out. In the foreseeable future, digital currency will be issued by the central bank backed by national sovereign credit, which is the result of an evolution in the thousands of years of currency development history.
China's first digital bank card "Baidu QuickPass" released
On August 15, Baidu, Baixin UnionPay and Bank of China released the first domestic digital bank card "Baidu QuickPass Card". "Baidu QuickPass Card" is a virtual bank card that can be applied for online through the Baidu APP smart applet. It provides 1 billion Baidu users with digital financial services such as inclusive credit, pocket money wealth management, payment consumption, and living bill payment. A large number of financial service scenarios within the ecosystem, including payment needs for live broadcast, short video, audio-visual, entertainment and other sectors.
Baidu QuickPass Card is the first to adopt a virtual debit card issuing system, and the technical standards and safety standards of this system have been approved by the People's Bank of China for the pilot application. Baixin Bank is also the first institution to join UnionPay as an electronic bank card issuer. (PingWest Pinwan)
On August 13, Qingdao Municipal Administrative Examination and Approval Service Bureau issued the "Implementation Plan for Deepening the Process Reengineering Innovation Service Model and Implementing "Insensible Approval" (Trial)", taking the lead in piloting the implementation of "insensitive approval" nationwide. As a brand-new smart government service model, "non-inductive approval" is based on the sharing, mutual recognition and interoperability of government information data, and uses big data, artificial intelligence, blockchain and other technologies to build an intelligent three-dimensional perception system for government services. Realize accurate prediction, real-time perception, targeted push and intelligent processing of the service needs of the masses of enterprises, and free express delivery for approval of certificates. (Sina)
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Comments: As a brand-new smart government service model, "non-inductive approval" can allow business people to enjoy 'customized' intelligent services, and enable technology to better serve people.
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Yi Xianhui, Industrial Internet Department of Guangdong Provincial Department of Industry and Information Technology: Guangdong will combine blockchain and other industries to promote the development of new infrastructure
Yi Xianhui, deputy director of the Industrial Internet Department of the Guangdong Provincial Department of Industry and Information Technology, said that industrial clusters are to explore new development paths in the new era. 5G and other new-generation technologies are combined with all walks of life to promote the construction of the supply side through the demand side and promote the development of new infrastructure. (21st Century Business Herald)
Opinion: Only when the capital account is opened can China's digital currency achieve efficient cross-border payment settlement
Xu Qiyuan, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, believes that in order for digital currency to promote the internationalization of the renminbi, in addition to digital technology, it is still inseparable from financial reform in the most fundamental sense. In the long run, whether the development of my country's central bank's digital currency can promote the internationalization of the RMB, the main constraint is not technology, but the incomplete freedom of convertibility of the capital account. Only under the condition of capital account opening, China's digital currency can realize efficient cross-border payment settlement. (The Paper)
Li Ming: Blockchain is changing from small-scale application exploration to large-scale application practice
Li Ming, Director of the Blockchain Research Office of the China Institute of Electronic Technology Standardization, issued an article stating that under the guidance of relevant policies such as "digital economy", "new infrastructure", and "marketization of data elements", blockchain technology is being explored in small-scale applications. Transformation to large-scale application practice, large-scale application practice will bring blockchain technology into a broader industrial space, more resource injection and real demand mining will promote blockchain technology to platform, componentization and integration Evolution, forming city networking, component service network and digital technology operating system to meet the industrial needs of scale, personalization and value. (Securities Daily)
Chen Weigang from the China Banking and Insurance Regulatory Commission: Cross-chain technology is the key to realizing the Internet of Value in blockchain
On August 17, the 2020 Blockchain Ecological Cooperation Conference was held in Shanghai. Chen Weigang, a supervisor of the key financial institution supervisory committee of the China Banking and Insurance Regulatory Commission, said that the cross-chain demand for blockchains has increased, and the importance of interconnection has become prominent. Cross-chain technology is the key to blockchain The key to realizing the Internet of Value. Enterprise applications are the main battlefield of blockchain, and alliance chain and private chain will become the mainstream direction. Future blockchain applications will move away from the virtual to the real. More traditional enterprises will use blockchain technology to reduce costs, improve collaboration efficiency, and stimulate real economic growth. This will be the main battlefield for blockchain applications in the future. (Securities Daily)
Ministry of Commerce: Carry out digital renminbi pilots in pilot areas such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area
