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 General Office of the Central Committee of the Communist Party of China and the General Office of the State Council proposed to strengthen the informatization of social assistance and promote the application of modern information technologies such as the Internet, big data, artificial intelligence, blockchain, and 5G in the field of social assistance. Technology companies registered in Shenzhen can implement "different rights for the same share", which also means that the listing resources of the GEM registration system will be more "abundant". The director of the Central Bank’s Monetary Policy Department said that the digital renminbi is planned to be used in the 2022 Beijing Winter Olympics. Secondly, according to relevant sources from the central bank, the digital renminbi and banknotes can be exchanged 1:1 in both directions.
Industry Information and Comments
The following is a summary of industry blockchain news from August 21, 2020 to August 27, 2020.
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Industry Information and Comments
The General Office of the Central Committee of the Communist Party of China and the State Council: Promote the application of blockchain and other technologies in the field of social assistance
Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Opinions on Reforming and Improving the Social Assistance System" and issued a notice, requiring all regions and departments to implement it conscientiously in light of their actual conditions. The opinion proposes to strengthen the informatization of social assistance, and promote the application of modern information technologies such as the Internet, big data, artificial intelligence, blockchain, and 5G in the field of social assistance. Relying on the national data sharing and exchange platform system, improve the social assistance resource database, collect and share all kinds of information on assistance and assistance from government departments, group organizations, etc., and provide support for relevant departments, units and social forces to carry out assistance and assistance . Promote the extension of social assistance services to mobile terminals, realize assistance matters "on the palm" and "fingertips", and provide convenient and quick assistance application, handling, inquiry and other services for the poor. (Xinhua News Agency)
Comment: The use of blockchain in social assistance can make kindness come true. All relevant public information can be uploaded to the chain, which can realize rescue docking and information transparency. Rescuers can directly query the detailed information of the project on the blockchain to ensure real-time tracking of donations, reduce the cost of donations, and improve the efficiency of donations. .
People Online and Qulian Technology jointly build "People's Chain" to create a global data governance sharing and application platform
On the afternoon of August 24, People's Daily Online Public Opinion Data Center/People Online signed a strategic cooperation agreement with Hangzhou Qulian Technology Co., Ltd., and announced the launch of the People's Chain Global Data Governance Sharing and Application Platform. It is reported that "People's Chain" deeply uses big data, blockchain, and AI technology to build a "one chain, three networks" data governance sharing network and a "super ID" digital identity system, integrate global data information, and build a smart reputation evaluation network . "People's Chain" connects big data resources such as government affairs, finance, and public opinion across levels, departments, and regions. (People's Daily Online)
Comments: The establishment of the People's Chain can help corporate risk management and credit financing, and help improve social governance capabilities.
Registered technology companies in Shenzhen can implement "same shares with different rights"
On the afternoon of August 26, the 44th meeting of the Standing Committee of the 6th Shenzhen Municipal People's Congress voted to pass 7 important innovative regulations including the "Shenzhen Special Economic Zone Science and Technology Innovation Regulations". The regulations modify the company law, allowing technology companies registered in Shenzhen to implement "same shares with different rights", and protect their stable development while expanding their financing channels. This also means that the listing resources of the GEM registration system will be more "abundant". (Shenzhen Special Zone News)
Comments: The system of different rights for the same share gives enterprises greater autonomy, which can improve the efficiency of corporate decision-making, promote corporate development and continuous inheritance.
TSMC announced that it has manufactured more than 1 billion 7nm complete chips, and the first batch of products includes Bitmain’s mining machine chips
Recently, TSMC announced on its official blog that in July this year, TSMC produced the billionth 7nm chip with complete functions and no defects. According to TSMC, 7nm was officially put into mass production in April 2018. It has served more than dozens of customers around the world and created more than 100 chip products. According to the data, TSMC's first batch of 7nm products include Bitmain's mining machine chips, Xilinx's FPGA chips, Apple A12, Huawei Kirin 980, etc. (36 krypton)
The Securities Association of China released the "Research Report on Promoting the Digital Transformation and Development of the Securities Industry". The report pointed out that the introduction of industry standards should be accelerated to promote the integration of financial technology applications. Gradually establish and improve the application standards and technical specifications of digital technologies such as artificial intelligence, blockchain, cloud computing, and big data in the securities industry, and improve the application conditions and compliance requirements of artificial intelligence technology in the investment advisory business field. Encourage securities companies to increase investment in artificial intelligence, blockchain, cloud computing, big data and other fields, promote the deep integration of information technology and securities business, promote the level of digital application of business and management models, and evaluate the application of digital technology in the field of securities business Achievements, promote digital best practices in the securities industry and lead the transformation of the industry. (Golden Ten)
Character·Voice
Comment: Under the new situation of the digital wave, increasing investment in the blockchain can promote the digital transformation of the securities industry and broaden the business boundaries of the securities industry.
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Character·Voice
Reuters: Director of the Central Bank's Monetary Policy Department says the digital yuan is planned to be used in the 2022 Beijing Winter Olympics
According to Reuters, Sun Guofeng, director of the PBOC’s monetary policy department, said the PBOC has no timetable for launching the digital yuan. According to its statement, internal closed testing of the digital yuan is underway in Shenzhen, Suzhou, Xiongan and Chengdu, and it is planned to be used at the 2022 Beijing Winter Olympics. (Reuters)
Li Lihui: It is possible to further expand the pilot scope of digital currency within this year or early next year
According to news on August 27, China Daily recently invited Li Lihui, the former president of the Bank of China and the head of the blockchain research group of the Internet Finance Association of China, to conduct an exclusive interview. Li Lihui said that judging from the current pilot situation, some small-scale application scenarios have been verified and there are public cases. However, the scope of the pilot is still relatively small, and the number of people involved is small, and it may take some time to really expand the scope of the pilot. In the future, digital currency pilots can be considered for gradual promotion, provided that the underlying technology and system platform meet the standards of stable operation, the design of application scenarios can meet the needs of the public, and have certain market competitiveness. Judging from the degree of progress, it is possible to further expand the pilot scope of digital currency within this year or early next year, but it remains to be seen whether it can be quickly extended to the whole country.
If the digital currency pilot is further promoted, it must first meet the basic conditions for large-scale and reliable operation, that is, to meet the needs of "ultra-large market-level business" and "high concurrency". "Super large market" means that once the pilot program is expanded, it will cover major areas with relatively developed economies in China, with a wide range and dense consumer population. "High concurrency" means that at the technical level, it can ensure that the digital currency system can process a considerable number of user requests in parallel at the same time. If the pilot program is extended to Hong Kong and Macau, corresponding institutional arrangements should also be considered. When it comes to the cross-border use of digital currency, there must be a comprehensive technical platform for docking. (China Daily)
Hong Kong Glory Sun Financial Chief Economist: STO regulation has not kept up with the rapid development of blockchain
Zheng Lei, chief economist of Glory Sun Finance in Hong Kong, said that security tokens are essentially securities in the form of blockchain tokens, and holders are not limited to investors and operators, but can also include the use of products or services By. As a kind of securities, its issuance and circulation must be carried out under supervision in accordance with the requirements of laws, regulations and administrative regulations. Whether it is a utility certificate or a security certificate, it is a technology-based digital asset. Due to the externalities of the network, it is indeed necessary to strengthen supervision. Although some leading countries and regions in financial technology have started the practice of STO, STO is still in the early stage of development, and the regulation in this area is still too conservative, and has not kept up with the rapid development of blockchain technology. (Securities Daily)
CCTV Financial Commentary: China is expected to run faster on the digital currency "new track"
CCTV Finance and Economics published a commentary article stating that various tests and preparations for my country's central bank's digital currency are progressing in an orderly manner. In Shenzhen, the internal testing of digital currency is being carried out in an orderly manner; in Suzhou, some civil servants have received part of their salary in the form of digital currency; in Xiongan New District, 19 companies including McDonald's have begun to pilot digital currency. It can be expected that although it is not the same as Alipay and WeChat Pay, digital currency will be seen everywhere in the future like Alipay and WeChat Pay. It is an indisputable fact that the digital currency of China's central bank is at the forefront of the world. People have reason to believe that my country will accelerate on the "new track" of digital currency, which will bring us a higher-quality consumer experience, and will also more effectively promote the development of my country's digital economy and reduce costs for economic operations. Synergies provide one more possibility.
China Banking Association: Blockchain should be used to promote the reform and model transformation of the consumer finance industry
Recently, the China Banking Association released the "China Consumer Finance Company Development Report (2020)". The "Report" pointed out that according to incomplete statistics, most institutions in the industry accounted for more than 5% of their annual R&D investment in 2019, and some institutions have implemented "cutting-edge" applications such as blockchain-based Internet court collection. In this regard, the China Banking Association believes that consumer finance companies should make full use of modern information represented by big data, cloud computing, artificial intelligence, and blockchain based on the retail finance characteristics of consumer finance's customer diversification and small-amount business. Science and technology will further promote the industry reform and model transformation of consumer finance, and form the core competitiveness of consumer finance. (Securities Daily)
A new report from the Bank for International Settlements (BIS) says 2020 is the year that momentum for central bank digital currencies (CBDCs) really takes off. The report shows that although the concept of CBDC was proposed decades ago, it is only in 2020 that CBDC has attracted global attention. According to BIS data, in 2020, global Internet searches for CBDC significantly surpassed Bitcoin (BTC) and Libra searches. Facebook’s announcement of Libra in 2019 and the subsequent public sector response was a clear “tipping point”. In addition, the new crown epidemic has accelerated this trend, "Social distancing measures, public concerns that cash may spread the new crown pneumonia virus, and new government-to-person payment schemes have further accelerated the shift to digital payments." (Cointelegraph)
Relevant people from the central bank: digital renminbi and banknotes can be exchanged 1:1 in two directions
Recently, a rumor spread in the WeChat group that digital currency has been used in second-hand housing transactions in Shenzhen and that large bank transfers cannot be converted into banknotes. After understanding and confirmation, it is rumored that "Shenzhen House Selling Bank only gives large amounts of digital currency and cannot exchange banknotes". A person from the central bank said: The current digital renminbi pilot application scenario is small retail, and has not expanded large payment scenarios such as real estate transactions. In addition, the digital renminbi is a legal currency like banknotes and can be exchanged 1:1 in both directions. (Sina Finance)
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