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 Xiacheng District of Hangzhou specially set up a blockchain industry venture capital fund with a scale of 1 billion yuan to support the development and growth of innovative blockchain companies. Tianjin supports the innovation and development of the blockchain industry. For projects such as blockchain core technology research and development, and national-level blockchain application demonstrations, a maximum of 5 million yuan will be supported. Guangzhou issued the "Guangdong-Hong Kong-Macao Greater Bay Area Construction Action Plan" to explore the collaborative application of blockchain technology among financial institutions.
Industry Information and Comments
The following is a summary of industry blockchain news from September 11, 2020 to September 17, 2020.
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Industry Information and Comments
Tianjin will give up to 5 million yuan in support to blockchain-related projects
A few days ago, "Tianjin Policies and Measures on Further Supporting the Development of Intelligent Manufacturing" was officially issued. The Municipal Government Information Office held a press conference yesterday. Zhou Shengxi, Chief Economist of the Bureau of Industry and Information Technology, interpreted the "upgraded" policy to support the development of smart manufacturing. The policy proposes to support the innovation and development of the blockchain industry. For projects such as blockchain core technology research and development, and national-level blockchain application demonstrations, a maximum of 5 million yuan will be supported. Support the construction of demonstration application scenarios such as artificial intelligence, Internet of Vehicles, big data, blockchain, virtual reality/augmented reality (VR/AR). (China Securities Network)
Comments: The "upgraded version" policy covers a wider area, will benefit more enterprises, and will better lead the development of Tianjin's digital industry.
Guangzhou issued the "Guangdong-Hong Kong-Macao Greater Bay Area Construction Action Plan" to explore the collaborative application of blockchain technology among financial institutions
On September 16, the Guangzhou Local Financial Supervision and Administration Bureau released the "Action Plan on Implementing the Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area" on its official website. Encourage financial institutions to jointly participate in application systems based on blockchain technology, carry out in-depth research on business data sharing mechanisms in the industry, and gradually bring relevant data into the scope of sharing and use them in accordance with the law under the conditions of satisfying user data privacy protection. (First Finance and Economics)
Comment: This action plan further promotes the opening and innovation of Guangzhou's finance, can deepen the financial cooperation between Guangdong, Hong Kong and Macao, and promote the construction of an international financial hub in the Guangdong-Hong Kong-Macao Greater Bay Area.
Hangzhou Xiacheng District set up a 1 billion yuan blockchain industry venture capital fund to support blockchain innovation enterprises
Recently, the reporter learned from the relevant departments of Xiacheng District, Hangzhou that the district has recently formulated and issued the "Implementation Opinions on Promoting the Development of the Blockchain Industry", and specially set up a venture capital fund for the blockchain industry with a scale of 1 billion yuan to support the blockchain industry. The development and growth of chain innovation enterprises. Xiacheng District will also set up a special support fund for the development of the blockchain industry, which will be used for multi-dimensional and multi-faceted support such as rent subsidies, special subsidies, platform awards, technology awards, activity subsidies, and scale-up awards for blockchain industry projects; Provide free training on blockchain technology and related content organized by the Blockchain Service Network (BSN) Training Center. (Hangzhou Daily)
Comments: In fact, since last year, Xiacheng has tried in many fields such as "blockchain + city brain", "blockchain + social governance", "blockchain + epidemic prevention and control" on its main digital economy industry platform , The establishment of a venture capital fund this time will inject new vitality into blockchain companies, and there will be greater breakthroughs.
The new action of "Digital Fujian": 20 key blockchain projects started intensively, and the BSN backbone network started construction
On September 13, the Fujian Provincial Digital Office introduced that 20 "Digital Fujian" blockchain key projects started intensively. On the 13th, in addition to the intensive start of 20 key blockchain application projects, the blockchain service network (BSN) Fujian Province blockchain backbone network also officially started construction. The areas involved in the blockchain project started in Fujian include not only coastal areas with prosperous industrial and commercial services, but also some major agricultural cities. The construction projects cover demonstration projects in blockchain application fields such as government affairs office, government service, public service, industrial and agricultural production, as well as blockchain "new infrastructure" demonstration projects such as blockchain application service platform. (Xinhua News Agency)
A set of data released by the Beijing Internet Court shows that the judicial blockchain "Tianping Chain" currently has 27 million pieces of data on the chain, hundreds of millions of data stored across the chain, and more than 180,000 filing applications submitted by the parties online. All certificates have been deposited through the "Tianping Chain". (Economic Information Daily)
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Comment: Internet courts around the world have connected to the blockchain system to ensure more credible evidence and solve the difficulties of electronic evidence storage, certification, and verification in Internet-related cases. From the data point of view, great progress has been made.
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Character·Voice
President of China Academy of Information and Communications Technology: Blockchain will be the key direction of China's new infrastructure investment
Liu Duo, president of the China Academy of Information and Communications Technology, said on September 16 that blockchain, as a new technology infrastructure in China's new infrastructure, will be a key direction for China's new infrastructure investment. The blockchain can realize data rights confirmation, pricing and transactions, realize credible sharing, help enterprises reduce costs and increase efficiency, and improve transaction efficiency and value. It will be an important foundation to support the development of China's digital economy. (Chinanews.com)
Bank of Communications researcher: Fintech applications such as blockchain have changed traditional banking business processes
Deng Yu, a researcher at the Bank of Communications and a senior researcher at Nishizawa Research Institute, said in an interview that we have entered the digital age, and the most notable feature is the emergence of a large number of financial technology applications such as big data, artificial intelligence, blockchain, and cloud computing. And it has changed the business process, development model and customer service method of traditional banks. The existence of banks is no longer purely physical outlets, but online services, even the presentation of "zero-touch services", are implanted with digital genes, and realize the interconnection of everything through 5G and mobile devices, breaking the traditional Bank service boundaries and time constraints. (Securities Daily)
Fan Yifei: Judging from the management rules of M0, the issuance and circulation of digital renminbi should be regulated and managed in accordance with cash
Fan Yifei, deputy governor of the central bank, wrote that the digital renminbi is legally compensable. The digital renminbi is mainly positioned at M0, and it needs to abide by laws and regulations related to cash management such as the "People's Bank of China Law" and "RMB Management Regulations". According to the legal repayment regulations of RMB, all public and private debts in my country are paid in digital RMB, and no unit or individual may refuse to accept it if they meet the conditions for acceptance.
The digital renminbi must also comply with laws and regulations such as large amounts of cash management, anti-money laundering, and anti-terrorist financing. For example, according to the People's Bank of China's "Notice on Carrying out Large-Amount Cash Management Pilot Projects", in order to cooperate with anti-money laundering related work, digital renminbi in pilot areas must also register for large-amount cash deposits and withdrawals. Transactions are reported to the central bank.
Judging from the fee system of M0, the digital renminbi is a public product provided by the central bank to the public. Interest is not calculated, and the central bank does not charge for services such as exchange and circulation. (China Financial News Network)
People's Daily Online: Blockchain "central enterprises" are falsified, and the blockchain industry is purifying itself under the pressure of supervision
Recently, People's Daily Online issued an article "Is the "Central Enterprise" Guojin Public Chain Reliable? It pointed out that the marketing method of the Guojin Public Chain is to "play the sidelines of pyramid schemes", and the State-owned Assets Supervision and Administration Commission of the State Council, which claims to be backed by it, also officially refuted rumors that " There is no such enterprise", which has aroused widespread concern in the industry. At the same time, there have been many investors in the Hangzhou office of the China National Finance Public Chain "rights protection".
As the technical standards and regulatory regulations of the blockchain industry are becoming more and more perfect, and there are more and more application scenarios, various "blockchain" companies that rely on "bluffing and deceiving" have gradually entered the field of vision of regulatory agencies and local police. ; As the concept of blockchain is becoming more and more "hot", supervision will inevitably become more and more stringent. As time goes by, in addition to the self-purification of the blockchain industry in "good money drives out bad money", some Regulatory companies will also disappear under heavy regulatory blows.
Bank of France Governor: Stablecoins Could Affect EU Financial Sovereignty for Decades to Come
François Villeroy de Galhau, president of the Bank of France, said, “Europe faces urgent and strategic choices on payments that will have implications for our financial sovereignty for decades to come.”
He sees the most immediate risk that big tech companies, using their ability to penetrate global markets, will build private financial infrastructure and "money" systems that compete with public monetary sovereignty as they position themselves as global "money" publishers and managers. Future CBDCs may end up being issued “on the back end” of future stablecoins from big tech companies.
He stressed that the ECB and the entire Eurosystem cannot allow themselves to fall behind on CBDC. A European CBDC could consist of a retail version and a wholesale version. There is no contradiction between considering a euro CBDC and supporting European payments initiatives. Existing payment inefficiencies, especially cross-border payments, must be fundamentally addressed through public-private partnership initiatives. If these are ignored, private sector global stablecoins will address these shortcomings first, thereby setting the agenda for the future development of the digital economy.
He noted that the European ecosystem has become heavily dependent on non-European players (such as international credit card schemes and large technology companies), with little control over business continuity, technical and commercial decisions, and data protection, use and storage. Europe has not developed a global social network like some important countries, which makes it all the more urgent to develop a coherent and decisive strategy in the field of payments. (Cointelegraph)
