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 Ministry of Industry and Information Technology will work with relevant departments to vigorously promote the innovation and development of 5G, support various regions to actively explore 5G applications, and help the development of the 5G industry. Continue to strengthen the construction of 5G industry innovation capabilities, and promote the coordinated development of 5G and cloud computing, big data, artificial intelligence, blockchain and other technologies. The industry standard "Blockchain Technology Architecture Security Requirements" led by the National Internet Emergency Response Center was officially released and implemented, becoming the first officially released blockchain general security technology industry standard in China. Li Lihui, the former president of the Bank of China, said in an interview that digital wallets may also become a large-value payment tool.
Industry Information and Comments
The following is a summary of industry blockchain highlights from October 23, 2020 to October 29, 2020.
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Industry Information and Comments
Ministry of Industry and Information Technology: Will promote the coordinated development of technologies such as 5G and blockchain
The Ministry of Industry and Information Technology stated that in the next step, the Ministry will continue to work with relevant departments to vigorously promote the innovation and development of 5G, support various regions to actively carry out 5G application exploration, and help the development of the 5G industry. Continue to strengthen the construction of 5G industry innovation capabilities, and promote the coordinated development of 5G and cloud computing, big data, artificial intelligence, blockchain and other technologies. (Golden Ten)
Comment: The decentralization and distributed data storage characteristics of blockchain determine that blockchain technology has a high dependence on the stability, efficiency and flexibility of communication, and 5G technology provides blockchain technology and industrial development. Certain communication infrastructure guarantees.
The National Internet Emergency Response Center released the first blockchain general security technology industry standard
A few days ago, the industry standard "Blockchain Technology Architecture Security Requirements" led by the National Internet Emergency Response Center was officially released and implemented, becoming the first officially released blockchain general security technology industry standard in China. This standard stipulates the security requirements that the blockchain technology architecture should meet, including consensus mechanism security, smart contract security, ledger security, etc., and is applicable to the blockchain technology architecture. (Financial Association)
Comment: When the blockchain industry is developing rapidly, its industry standards and regulatory norms have always been the focus of attention. The first security technical standard released this time can provide a reference for security specifications for the design and development of blockchain systems.
The central enterprise blockchain cooperation innovation platform was formally established
On October 24, the inaugural meeting of the central enterprise blockchain cooperation innovation platform jointly initiated by the State Grid E-Commerce Company and more than 20 central enterprises was held in Beijing. The platform is guided by the Science and Technology Innovation Bureau of the State-owned Assets Supervision and Administration Commission of the State Council and supported by the China Industry-University-Research Cooperation Promotion Association. The value transformation of blockchain technology achievements in a wider range of fields will help my country's new infrastructure construction and digital economy development. (Securities Daily Network)
Jiangsu Province issued the block chain industry development action plan to build a "1+3+N" industrial layout
Character·Voice
On October 27, the reporter learned from the Department of Industry and Information Technology of Jiangsu Province that Jiangsu Province issued the "Jiangsu Province Blockchain Industry Development Action Plan". The service system is basically established, the average annual growth rate of the blockchain industry is not less than 15%, more than 10 backbone enterprises with national influence have been cultivated, more than 10 blockchain innovation service platforms have been established, and the province has formed a "1+3+" N" industrial layout. The so-called "1+3+N" industrial layout is to strive to create a national-level blockchain development pilot demonstration area, 3 provincial-level blockchain industry development clusters, and several blockchain technology innovation application test areas. (Xinhua News Agency)
Comments: At present, all provinces in China have deployed blockchain. The 1+3+N plan proposed by Jiangsu Province has given blockchain companies more opportunities and is conducive to the development of blockchain companies in the province.
Li Lihui: After the digital wallet matures, it may also become a large payment tool
The current digital renminbi pilots are concentrated in small-amount high-frequency payment scenarios. Li Lihui, the former president of the Bank of China, said in an interview that the legal digital currency is now mainly focused on the retail link, and it is in the first stage. Big hit. But in the future, when the digital wallet matures and is accepted by more people, it may also become a tool for large-value payments, so it will definitely have some impact on bank card payments, but there is a process.
How to understand "the feasible path of global digital currency"? Li Lihui said that our current WeChat and Alipay need to be bound to a bank account. If foreigners do not have a bank account in China, it is difficult to enjoy this convenient payment. But the legal digital currency is different, it can be separated from the account. For example, when a foreigner comes to China, he can apply for a digital wallet from any bank that can exchange digital currency. This digital wallet can be used in China, and it can be cleared when he leaves, and the money can be exchanged back to US dollars and euros; You don't have to take it with you, just leave it in your phone. If a Chinese and a foreigner have central bank digital currency wallets, they can make cross-border payments when they go out together. Therefore, the biggest potential effect of the digital renminbi is the spillover effect. It may use this method to go abroad and become an international currency. Therefore, the digital renminbi may also become one of the technical paths for the internationalization of the renminbi. (Beijing News)
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ICBC digital wallet screenshot from Zinc link
Liu Yang, China Academy of Information and Communications Technology: Blockchain faces four opportunities and challenges in the development process
Liu Yang, deputy chief engineer of the Industrial Internet Institute of the China Academy of Information and Communications Technology, said in his keynote speech on "Spark Chain Network: Building New Economic Facilities for the Digital Economy" that the opportunities and challenges faced by the blockchain in the development process mainly include the following four Aspects:
First, the blockchain infrastructure is relatively mature, but there are still many challenges in terms of scalability and tool performance.
Second, when the construction mode of the blockchain is uncertain, the participating subjects are very diverse, including state-owned enterprises, private economies, public institutions, and scientific research institutions. The diverse subjects will inevitably bring about the pursuit of economic benefits and statistics. The application value of blockchain is difficult to quantify.
Third, the depth and breadth of applications need to be further strengthened. If the infrastructure of the blockchain can only serve the financial field such as digital currency, the depth of its role will be constrained. I also hope to see more blockchain in the future combined with industry, agriculture, education, economy, In-depth integration of various dimensions of finance. The reality is that it can be seen from statistics that the proportion used for applications other than non-digital currencies is less than 10%.
Fourth, it is difficult to supervise. In the past, the supervision of digital currency was mainly supervised by one or two specific government departments. If the blockchain can already provide services with the digital economy, so many industries, and technologies, it means that all competent government departments must learn the blockchain. It is very difficult to use the blockchain and provide governance and supervision capabilities for the work of the blockchain.
Central Bank Mo Wangui: Support the Digital Currency Research Institute of the People's Bank of China to establish a financial technology center in Beijing
Wonderful views of the 6th Blockchain Global Summit
Ma Zhitao, Vice President of WeBank: To really liberate the productivity of data elements, three core issues need to be solved, including secure storage. Ma Zhitao said that to really liberate the productivity of data elements, we need to solve three very core problems. The first is to provide a solution for secure storage, the second is to provide some means of trusted transmission, and finally a collaborative production mechanism is required to solve the series of problems we just listed. In the digital world, we also need some similar technologies to protect our very important data elements, such as our user data, and we also think that we need to have some very similar services like safes and vaults. To provide services such as data hosting and data safes. For data elements, we also need to have some corresponding trusted transmission measures. It also needs to be based on user authorization, and users can also make some selective disclosures, which can also be tamper-proof, distributed verification, and traceable and auditable. In the digital world, if data elements can exert their aggregation value, we also need some corresponding means to realize collaborative production.
Li Lihui, former president of the Bank of China: The digital renminbi may develop into a global digital currency. Li Lihui said that the legal digital currency in my country's pilot program adopts centralized management and indirect issuance mode, adopts the method of "loose coupling of accounts" and digital wallet, which has the technical advantages of off-network transactions, and can provide the public with high security and good liquidity. The payment tool makes daily life easier, and it is also possible to "overflow" across borders and develop into a global digital currency. (Financial Association)
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Wonderful views from the Bund Financial Summit
He Dong, Deputy Director of the Monetary and Capital Markets Department of the International Monetary Fund: It is difficult to fundamentally change the pattern of international currency use by issuing central bank digital currency alone. He Dong said that from the perspective of quantitative change to qualitative change, the central bank's digital currency will not qualitatively change the basic economic forces that promote the international use of currencies, but quantitatively can enhance the motivation behind currency substitution and currency internationalization. It is difficult to fundamentally change the existing pattern of international currency use by issuing central bank digital currency alone. Therefore, the main policy challenge facing countries is: while realizing the benefits of more efficient cross-border payment settlements, they need to think about how to maintain monetary and financial stability. (one fortune)
Mu Changchun, Director of the Central Bank's Digital Currency Research Institute: Overall management of the digital renminbi issuance quota to prevent over-issuance. Mu Changchun said that the digital renminbi should adhere to the centralized supervision of the central bank, and the following aspects must be achieved in the process: First, coordinate the management of the digital renminbi issuance quota to ensure 100% preparation and prevent over-issuance. The second is to formulate unified business standards, technical specifications, safety standards and application standards to avoid payment barriers. The third is to coordinate the management of digital renminbi information. The fourth is to coordinate the construction of digital renminbi issuance infrastructure to achieve interconnection across operating agencies to ensure that there will be no payment barriers. In the process of issuing digital renminbi, on the one hand, all commercial banks should also participate in circulation services, and on the other hand, they must also ensure that all people, including poor areas and digitally disadvantaged groups, are provided with inclusive and convenient services. Digital central bank currency to avoid digital divide and financial exclusion. We have also been developing digital renminbi products suitable for the elderly and those who reject the use of smart terminals. (one fortune)
