Beijing builds a world-leading blockchain computing platform

The world’s first 96-core blockchain dedicated acceleration chip was released in Beijing on the 10th. The chip has strong data privacy protection capabilities. At the same time, the “Changan Chain · Collaboration Network” was officially launched in Beijing today to build an information highway network to connect blockchain applications in all walks of life.

This is what the reporter learned from the Changan Chain Major Achievement Conference on the 10th.

On June 10, the Changan Chain Major Achievement Conference was held in Beijing, and the world’s first 96-core blockchain dedicated acceleration chip was released. The chip has strong data privacy protection capabilities. At the same time, the “Changan Chain · Collaboration Network” was officially launched in Beijing on the same day to build an information highway network to connect blockchain applications in all walks of life. Photo by China News Agency reporter Jia Tianyong

Blockchain is a new type of database software that integrates multiple technologies such as distributed networks, encryption technology, and smart contracts. It is expected to solve the trust and security issues in cyberspace through data transparency, resistance to tampering, and traceability.

On January 27 this year, the Changan Chain was released in Beijing. This is the first independent and controllable blockchain software and hardware technology system in China, with the characteristics of full independence, high performance, strong privacy, and wide collaboration. On the same day, 27 units including State Grid, China Construction Bank, and Beijing Microchip Research Institute jointly initiated the establishment of the Changan Chain Ecological Alliance.

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With the dedicated acceleration chip for blockchain as the core, the ultra-high-performance blockchain dedicated acceleration board has been fully tested and can increase the speed of blockchain digital signature and verification by 20 times, and blockchain transfers The processing speed of similar smart contracts is increased by 50 times, providing hard technical support for breaking through the performance bottleneck of large-scale blockchain network transactions.

At the press conference, representatives of 23 units including Sinopec and China Telecom signed a collective agreement to announce their participation in the Chang’an Chain Ecological Alliance and jointly build the Chang’an Chain Ecosystem. At present, there are 50 members of the Changan Chain Ecological Alliance.

Dong Jin, Dean of Beijing Microchip Blockchain and Edge Computing Research Institute, said that Changan Chain is continuing to promote applications in major livelihood, economic, and social governance scenarios.

As representatives of the members of the Changan Chain Ecological Alliance, COFCO, China Huadian Group, China General Technology Group, and China Unicom Group respectively released application scenarios such as food safety, material procurement, medical health, and 5G information communication.

With the continuous growth of the Changan Chain Ecological Alliance and the continuous implementation of application scenarios, a cross-industry and cross-regional blockchain network has begun to take shape. At the press conference, the “Chang’an Chain · Collaboration Network” was officially launched, dedicated to breaking industry boundaries, transcending geographical restrictions, linking blockchain applications in all walks of life, and building an information highway network.

In order to effectively support the operation of the “Changan Chain · Collaboration Network”, the world’s leading blockchain advanced computing power platform has started construction in the northern district of Zhongguancun Science City.

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It is reported that the platform has more than 200,000 blockchain computing units, and after completion, it can support more than 1 million nodes and process a super-large-scale blockchain network with a peak value of 1 million transactions per second. By supporting large-scale blockchain scenario applications, the platform also provides a real operating environment for the continuous sharpening of Changan Chain’s core technologies.

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.