Not long ago, the heads of relevant departments of the Ministry of Industry and Information Technology stated at a press conference of the State Council Information Office that the Ministry of Industry and Information Technology will promote the digital industry to become bigger and stronger. Focusing on the seven key digital economy industries and ten digital application scenarios listed in the “14th Five-Year Plan” outline, focus on the development of strategic emerging industries such as big data, artificial intelligence, and blockchain with application as the driving force. , To focus on cultivating an open source ecosystem and create an internationally competitive digital industry cluster.
This year is the beginning of the “14th Five-Year Plan”. In accelerating the forward voyage of the blockchain industry, three new blueprints for the development of “powered by technological innovation, powered by platform applications, and escorted by supervision” will be outlined and further explored. The value of data releases new momentum for the digital economy and accelerates the process of empowering the real economy.
Blockchain technology innovation has been written into policy documents many times
The “14th Five-Year Plan” outline clarifies the seven key digital economy industries in the chapter of “Building New Advantages in the Digital Economy”, and emphasizes that “it is necessary to give full play to the advantages of massive data and rich application scenarios, and promote the deep integration of digital technology and the real economy. It can transform and upgrade traditional industries, give birth to new industries, new formats and new models, and strengthen new engines of economic development.” This provides a general outline for the future development of key industries in the digital economy, that is, empowering the real economy. Technological innovation is the first element of the independent development of the blockchain industry, providing fresh vitality for the blockchain to empower the real economy.
In 2020, most provincial administrative regions will include blockchain in the government work report, and technological innovation will be frequently mentioned. For example, Jiangsu proposed to focus on cultivating and expanding the “three new” economy, and strengthen technological innovation and industrial applications such as artificial intelligence, big data, and blockchain; Fujian proposed to implement special actions for blockchain technology innovation and industrial cultivation; Anhui proposed to promote Innovative development of technologies and industries such as networking, next-generation Internet, and blockchain.
Chen Xiaohua, an expert in the evaluation of major industrial Internet blockchain projects of the Ministry of Industry and Information Technology, and chairman of the China Mobile Communications Federation’s Blockchain Professional Committee, told reporters that the development of a new generation of information technology such as blockchain and industrial integration and innovation has become a major trend. “Blockchain + big data” will transform productivity and innovate business models, thereby changing the global economic competition landscape, and will also promote my country’s digital economy development into a new stage. “
“Blockchain is a low-level and systematic innovation. Together with emerging technologies such as cloud computing, big data, artificial intelligence, and quantum computing, it will become the most transformative imagination in the future.” National Blockchain and Distributed Records Hao Han, a member of the Accounting Standardization Technical Committee and CTO of Annie Shares, said in an interview with reporters.
Blockchain platform applications are blooming everywhere
Platform applications are the foundation to support the vigorous development of the blockchain industry and provide inexhaustible energy for the blockchain to empower the real economy.
At present, from central to local, from industry to company, blockchain platforms based on alliance chains are spreading across all fields. For example, in the field of government affairs, Jiangxi has built a unified “blockchain + government service” basic platform-“Gangfutong” in the whole province; in the financial field, the People’s Bank of China Trade Finance Blockchain Platform is applied on the chain to run supply Chain accounts receivable multi-level financing, cross-border financing and other businesses, with a business volume of more than 90 billion yuan.
“The blockchain platform is an important carrier for the large-scale application of blockchain technology and empowering the industry, and it is also one of the core new infrastructures.” Hu Chao, vice president of Ouke Cloud Chain Group, analyzed to reporters that the alliance chain is a district. One of the important branches of block chain technology, which effectively leverages the advantages of block chain in security and controllability, cross-subject collaboration, industrial collaboration, and high efficiency, has also accelerated the rapid implementation of the block chain industry.
The “financial technology, supply chain management, and government services” mentioned in the “14th Five-Year Plan” are the most concentrated and promising areas of blockchain applications.
In this regard, Zheng Xiangxiang, chairman of the Shenzhen Information Service Industry Blockchain Association, explained to reporters that in the innovation and application exploration of blockchain, finance is one of the most important fields. Contracts, financial transactions and other aspects have very broad application prospects.
The core value of blockchain is to promote the value of data
Whether it is to promote technological innovation or develop platform applications, it is mainly to fully release the core value of blockchain in the digital economy. And this value is mainly reflected in the key role of blockchain in accelerating the value of data.
The China Academy of Information and Communications Technology pointed out that valued data is a key production factor for the development of the digital economy, and accelerating the process of valuing data is an essential requirement for the development of the digital economy. Valuable data elements will promote profound changes and optimization of traditional production factors such as technology, capital, labor, and land, giving the digital economy a strong momentum for development.
CCID Consulting Digital Economy Industry Research Center stated that the realization of the value of data elements depends on the in-depth development and use of data resources, and “data islands” hinder the integration and sharing of data. The basic organization of blockchain consensus will be an important breakthrough tool to break data islands, realize cross-system data sharing, and comprehensively upgrade the inter-administrative interconnection of production factors.
Song Qing, a member of the National Committee of the Chinese People’s Political Consultative Conference, deputy chairman of the Suzhou Municipal Committee of the Democratic National Construction Association of Jiangsu Province, and deputy dean of the Suzhou University of Science and Technology Urban Development Think Tank, proposed to improve the data assetization mechanism and emphasized the need to activate the advantages of the credit mechanism provided by big data and blockchain technology. Let the real-time data of small and medium-sized enterprises (including equipment operation data, purchase logistics data and other multi-dimensional data) become collateralized assets, and make the production, processing, processing, transaction and consumption of data an important link in the entire economic chain.
“Blockchain and privacy computing complement each other and can better tap the value of data elements in distributed scenarios.” Yu Jianing, rotating chairman of the Blockchain Committee of China Communications Industry Association and president of Huobi University, told reporters.
Yu Jianing further pointed out that in the future, in the ecosystem built by “blockchain + privacy computing”, everyone can truly have their own data control rights, and can use their own “digital identity” to securely store data while using certain Do “selective disclosure” in each business, so as to carry out credible and safe social activities, and truly release the value of data.
The “14th Five-Year Plan” outline emphasizes “improving the supervision mechanism”, which means not only “supervising” but also “managing” the blockchain.
“Regarding the effective supervision of the blockchain, a flexible supervision platform for the blockchain system should be formed to realize real-time situational awareness of various blockchain systems and monitor illegal transactions, fraudulent activities, illegal information release and other illegal activities.” Ministry of Industry and Information Technology Xiang Lipeng, the head of the blockchain innovation team of the Fifth Institute of Electronics and senior engineer, analyzed to reporters that from a technical point of view, blockchain supervision needs to be realized from the following three aspects: First, integrate the data on and off the chain, and The data of different blockchain systems forms a unified comprehensive blockchain information database, and realizes efficient and intelligent information retrieval and query management; the second is to realize the identification of various transaction patterns in the blockchain system, and further analyze and identify illegal The third is to analyze the illegal public opinion information in the data on the blockchain, as well as the Internet under the chain and related public opinion information on the blockchain in reality to achieve comprehensive blockchain public sentiment knowledge.
Yu Jianing emphasized, “In the digital age, to build a complete digital industry ecosystem, it is necessary to accelerate the deep integration of blockchain and cutting-edge information technologies such as artificial intelligence, big data, and the Internet of Things, promote integrated innovation and integrated applications, and accelerate the construction of new models. Infrastructure helps the comprehensive transformation and upgrading of the “hundreds of industries”, accelerates the realization of the full chain of industries, promotes the deep integration of the digital economy and the real economy, and thus drives the overall reform of production methods, lifestyles and governance methods.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.