Summary of Blockchain-related Proposals for the Two Sessions in 2021: Digital RMB Pilots Become Popular

With the closing of the fourth session of the 13th National People’s Congress on March 11, the two sessions of the National People’s Congress in 2021 will officially come to an end, and the direction of this year’s economic work will also become clear.

At the two sessions, the government work report mentioned that it is necessary to accelerate the development of digitalization, create new advantages in the digital economy, and coordinate the promotion of digital industrialization and industrial digital transformation. As the cornerstone of the digital economy, blockchain technology plays an important role.

And across the country, according to the Securities Daily, at least 20 provincial-level administrative regions have included “blockchain” in the 2021 government work report. In addition, in the draft of the “14th Five-Year Plan” that is being submitted for deliberation, in the separate chapter “Accelerating Digital Development and Building Digital China”, “blockchain” is also listed as a key industry in the digital economy.

During the two sessions, blockchain-related topics attracted a lot of heated discussions from representatives and committee members. For example, in social governance, the role of blockchain technology in the trust mechanism of government data has effectively promoted data sharing; in the real economy, blockchain helps supply chain finance to release new vitality and broaden financing channels for small and medium-sized enterprises, etc. . PANews compiled some of the blockchain-related proposals that were hotly discussed during the two sessions this year from the disclosed public information. The block chain proposal of the representatives and committee members of the two sessions is as follows:

01Digital RMB

Gong Fuwen, Vice President of the Higher People’s Court of Shaanxi Province: Digital RMB pilots should focus on “grasping the top level, emphasizing inclusive benefits, and preventing risks”

On March 8, Gong Fuwen, a member of the National Committee of the Chinese People’s Political Consultative Conference and vice president of the Shaanxi Higher People’s Court, suggested that the digital RMB pilot work should focus on “grasping the top level, emphasizing inclusive benefits, and preventing risks”. “Grasp the top level” to determine the legal tender status of the digital renminbi from the legal level. To “emphasize universal benefits”, the pilot program should not “emphasize cities over rural areas”. We must attach importance to the “digital divide” that spans the elderly. To “prevent risks”, security research and investment should be increased in the pilot program to ensure the safety of the digital renminbi in its entire life cycle.

Jin Penghui, Deputy Director of the Shanghai Headquarters of the People’s Bank of China: Promoting the pilot digital RMB in Shanghai

On March 5, Jin Penghui, a member of the National Committee of the Chinese People’s Political Consultative Conference, deputy director of the Shanghai headquarters of the People’s Bank of China, and president of the Shanghai branch, said that he would continue to promote the construction of Shanghai’s financial technology center and do a good job in the establishment of financial technology-related infrastructure of the head office in Shanghai. On the basis of the financial technology application innovation pilot, the application results will be replicated and promoted, and the digital RMB pilot will be promoted in an orderly manner.

Li Minbin, Co-CEO of the Bank of East Asia: Promoting the application of digital RMB cross-border payment

On March 5, Li Minbin, a member of the National Committee of the Chinese People’s Political Consultative Conference and the co-CEO of the Bank of East Asia, stated that after announcing the launch of the “Cross-border Wealth Management” business pilot in the Guangdong-Hong Kong-Macao Greater Bay Area in 2020, in February this year, the Mainland and Hong Kong and Macao regulatory authorities signed a memorandum of understanding. , Before the relevant business development is one step forward, more financial innovation measures are just around the corner. It is recommended to promote innovative cross-border financial services in the Guangdong-Hong Kong-Macao Greater Bay Area in terms of customer information and data exchange, multiple dispute resolution mechanisms, and promotion of the application of digital renminbi.

Biao Yan Zhi, Chairman of Zall Holdings: Proposal to include Wuhan as a pilot city for digital RMB

On March 5th, Yan Zhi, a representative of the National People’s Congress and chairman of Zall Holdings Co., Ltd., suggested that Wuhan should be included in the digital RMB pilot city. “The development and application of digital currency is conducive to efficiently satisfying the public’s demand for legal tender under the conditions of the digital economy, improving the convenience, security and anti-counterfeiting level of retail payments, and boosting the accelerated development of the national and regional digital economy. The pilot work of the digital renminbi has very important practical significance.”

Li Huiqiong, Chairman of the Hong Kong Democratic Alliance for the Betterment of Hong Kong: Proposal to make Hong Kong a digital RMB pilot

On March 5th, Li Huiqiong, member of the National Committee of the Chinese People’s Political Consultative Conference in Hong Kong and the chairman of the Hong Kong Democratic Alliance for the Betterment of Hong Kong, revealed to a reporter from China News Agency that the Hong Kong Democratic Alliance for the Betterment of Hong Kong made 22 proposals and suggestions this year. One of the key proposals is to make Hong Kong a digital RMB. Pilot.

02Digital currency related

National People’s Congress Representative Chen Guoying: Bitcoin is a case of severe challenges to the public welfare of the basic theories in China and the United States

On March 5th, Chen Guoying, a representative of the National People’s Congress, pointed out at a plenary meeting of the Fujian delegation participating in the second session of the 13th National People’s Congress that under the current Sino-US relations, the public welfare of basic theories will be severely challenged in order to achieve the blockade. It is estimated that China’s goals will not be met by sharing many basic theories in the future. This is the first challenge that our future science and technology strategy will face. Bitcoin is a very typical case. After Bitcoin was made, the world knew about the blockchain technology. When everyone knew about the blockchain technology, the public chain technology platform represented by Bitcoin was firmly controlled by the Americans.

03Blockchain application landing

Wen Aihua, President of Hunan Branch of China Construction Bank: Speed ​​up data opening and avoid the formation of “data islands”

On March 9, Wen Aihua, representative of the National People’s Congress and president of the Hunan Branch of China Construction Bank, said in an interview that it is recommended to strengthen the construction of financial technology at the national level. Fintech is related to the country’s financial competitiveness. It is necessary to strengthen the research of new technologies such as big data, cloud computing, artificial intelligence, blockchain and mobile internet at the national level, and carry out technical output to commercial banks; build a unified national data sharing and open platform, Under unified rules, open and share data resources in an orderly manner, speed up the openness of government and public sector data, promote the transaction and sharing of data resources of Internet enterprises, and avoid the formation of “data islands.”

Zhou Qiang, President of the Supreme People’s Court: Open the judicial blockchain and support copyright owners to upload works

On March 8, the fourth session of the 13th National People’s Congress held its second plenary session in the Great Hall of the People in Beijing. Zhou Qiang, President of the Supreme People’s Court, made a report on the work of the Supreme People’s Court. It mentioned: open judicial blockchain, support copyright owners to upload works, prevent and punish online plagiarism. Severely punish false lawsuits. Adhere to the equal emphasis on punishment of dishonesty and praise of credibility, establish a mechanism for restoring dishonesty, distinguish dishonesty from business risks, explore the personal bankruptcy system, and provide opportunities for the rebirth of credible entrepreneurial failures.

Zhu Lifeng, Secretary of the Party Committee of CLP Industrial Internet: Exploring a new model based on “data + block chain + insurance + digital RMB” based on intelligent networked vehicles

On March 8, Zhu Lifeng, deputy to the 13th National People’s Congress, Secretary of the Party Committee and Chairman of China Power Industrial Internet Co., Ltd., said in an interview at the plenary meeting: “It is necessary to fully promote intelligent networked vehicles, intelligent networked roads and roads with safe traction. The coordinated development of modern digital cities.” Zhu Lifeng suggested that key technology platform applications such as big data security situational awareness for smart connected vehicles based on the PKS system should be built, and the “data+blockchain+insurance+” based on smart connected vehicles should be explored. The new model of “digital renminbi” promotes the safe development of the industry.

Bai Hexiang, President of the People’s Bank of China Guangzhou Branch: On the basis of blockchain, put carbon assets on the chain

On March 5, in terms of promoting carbon financial innovation relying on the carbon market, Bai Hexiang, deputy to the National People’s Congress and president of the Guangzhou branch of the People’s Bank of China, suggested that the traditional carbon asset trading business such as carbon emission allowances or emission reductions should be combined with Guangzhou. The opportunity for the registration and establishment of futures exchanges will promptly launch carbon financial derivatives such as carbon futures, carbon swaps, and carbon options, and vigorously promote the development of financing businesses such as carbon pledge, carbon repurchase, and carbon custody. On the basis of blockchain, carbon assets will be linked to make carbon trading information transparent, safe and convenient, realize the digitization of carbon assets, and promote the development of digital carbon assets.

Yang Jianyu, Secretary of the Party Committee of China Mobile (Henan): We must fully promote the integration and innovation of 5G and blockchain

On March 5th, Yang Jianyu, deputy to the National People’s Congress, Secretary of the Party Committee, Chairman and General Manager of China Mobile Communications Group Henan Co., Ltd., said in an exclusive interview with Xinhuanet that it is necessary to accelerate the construction of the 5G capability system and build a “private network + talent + ecology + platform + The 5G capability system of “terminal” fully promotes the integration and innovation of 5G and artificial intelligence, Internet of Things, cloud computing, big data, edge computing, blockchain and other information technologies, laying a foundation for the deep adaptation and wide application of 5G technology and vertical industries. Solid foundation.

Yu Xinwei, vice chairman of the Guangzhou Municipal Political Consultative Conference: Blockchain should be used to strengthen online game supervision

On March 3, Yu Xinwei, member of the National Committee of the Chinese People’s Political Consultative Conference, vice chairman of the Guangzhou Municipal Committee of the Chinese People’s Political Consultative Conference, and chairman of the Guangzhou Municipal Committee of the Chinese Revolutionary Revolutionary Committee, said that the newly revised Law on the Protection of Minors of the People’s Republic of China will be officially implemented on June 1, 2021. , Which specifically stipulates that online game service providers should require minors to use their service settings for real-name authentication, time management, authority management, consumption management and other functions. However, my country currently lacks a comprehensive mechanism for the prevention and treatment of adolescents’ Internet addiction, and there is also a lack of effective technology platforms that can scientifically monitor, guide and intervene in the behavior of adolescents’ Internet use. Blockchain technology provides the feasibility for solving the above problems. She plans to submit the proposal of “Strengthening the supervision of online games with the help of blockchain and helping young people to form good online behavior habits” at the National Congress of the People’s Republic of China.

Liu Feixiang, Secretary of the Party Committee of China Railway Construction Heavy Industry Group: Strengthen the promotion of blockchain construction in the construction machinery industry

On March 2, Liu Feixiang, deputy to the National People’s Congress, Secretary of the Party Committee and Chairman of China Railway Construction Heavy Industry Group, said that the advantages of blockchain in optimizing business processes, reducing operating costs, improving synergy efficiency, and building a credible system are conducive to solving For various problems facing the construction machinery industry chain, it is recommended to promote the construction of blockchain in the construction machinery industry.

The Central Committee of the Taiwan League: It is recommended to use blockchain technology to promote the construction of medical informatization

On the eve of the National Congress of the People’s Republic of China, the Central Committee of the Taiwan League (Taiwan Democratic Self-Government League Central Committee) submitted a proposal on “Reasonable Use of Blockchain Technology and Strengthening the Standardized Use and Management of Medical Electronic Data”.

The Central Committee of the Taiwan League stated that the state has issued a number of policies to promote medical informatization, including the grading of electronic medical records, deepening the reform of medical insurance payments, promoting the construction of medical consortiums, and encouraging the outflow of prescriptions. However, the survey found that there are still medical electronic data in actual work. The lack of standardization and reliability of the collection, storage, and use of data, the lack of circulation of data, the security of data storage and the hidden dangers of user privacy, and other issues. The Central Committee of the Taiwan League proposes to promote the construction of medical informatization through rational use of blockchain technology.

Li Shijie, Vice Chairman of the Central Committee of the China Democratic National Construction Association: Using blockchain technology to empower the digital economy

Li Shijie, member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference and Deputy Secretary-General of the China Democratic National Construction Association, said in an interview with the media on the eve of the National Congress of the People’s Republic of China that during the “14th Five-Year Plan” period, support for the development of blockchain technology is conducive to empowering the real economy and optimizing Social governance and promotion of my country’s international competitiveness.

Regarding “how to support the development of blockchain technology and empower the digital economy,” Li Shijie suggested that, first, formulate a relatively complete blockchain development plan at the central level, strengthen the rigidity of the plan, and grasp the development direction and development strategy; second, as soon as possible Clarify the competent unit of the blockchain industry or set up a joint conference system to formulate national standards for the blockchain industry based on the model of “government + scientific research institutes + enterprises + social organizations”; again, implement the “regulatory sandbox” system to promote blockchain The field is developing rapidly and steadily; finally, centering on the blockchain ecosystem, exploring core application scenarios, gathering a group of high-end innovative talents and high-level innovation platforms to build hard-core R&D capabilities.

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.