Blockchain technology research and development, promotion and application

①What is the positive impact of the R&D and application of blockchain technology on China’s industrial development, and answer by using economic life

Blockchain technology is a new development of Internet technology and modern information technology. It plays an important role in China’s real economy and supply-side structural reform. Promote the R&D and application of blockchain technology, deeply integrate with the real economy, and build an advanced manufacturing industry. It can achieve high-quality economic development in my country and is an important driving force for building a modern economic system.

② What is the application field of blockchain technology

Answer: The application field of blockchain technology

I. Financial field

Blockchain has potential huge application value in financial fields such as international exchange, letter of credit, equity registration and stock exchange.

Second, the field of Internet of Things and logistics

Blockchain can also be naturally combined in the field of Internet of Things and logistics.

Through the blockchain, logistics costs can be reduced, the production and delivery process of items can be traced, and the efficiency of supply chain management can be improved.

III. Public service field

Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields, but the centralized nature of these fields also brings Some problems can be transformed with blockchain.

Fourth, the field of digital copyright

Through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works, and to ensure the authenticity and uniqueness of ownership sex.

V. Insurance field

In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims, often with high management and operating costs.

VI. Public welfare field

The data stored on the blockchain is highly reliable and cannot be tampered with, and is naturally suitable for use in social welfare scenarios.

③ What are the application areas of blockchain technology?

At present, the most widespread and successful application of blockchain technology is the digital currency represented by Bitcoin. In recent years, digital currency has developed rapidly. Due to the characteristics of decentralized credit and frequent transactions, it has a high transaction value and can maintain a relatively stable price through the development of hedging financial derivatives as a quasi-super-sovereign currency.

(1) Blockchain + Medical: In the medical field, blockchain can protect patient privacy by using its features such as anonymity and decentralization. Electronic health (EHR), DNA wallets, and drug anti-counterfeiting are all possible application areas of blockchain technology. In a report last year, IBM predicted that 56 percent of the world’s healthcare organizations will invest in blockchain technology by 2020.

(2) Blockchain + Internet of Things: The Internet of Things is a very broad concept. If it includes communication, energy management, supply chain management, sharing economy, etc. Networked applications will become a very important application area.

(3) Blockchain + IP copyright & cultural entertainment: Since the popularity of the Internet, digital music, digital books, digital videos, and digital games have gradually become mainstream. The rise of knowledge economy makes intellectual property the core element of market competition. However, in the current Internet ecology, the phenomenon of intellectual property infringement is serious, and the copyright protection of digital assets has become a pain point in the industry. With the characteristics of disintermediation, consensus mechanism and non-tampering of blockchain, the use of blockchain technology can effectively integrate all aspects of the cultural and entertainment value chain, accelerate circulation, and shorten the value creation cycle; at the same time, the value of digital content can be realized. Transfer, and ensure that the transfer process is credible, auditable and transparent, and effectively prevent piracy and other behaviors. Blockchain + Public Service & Education: In the fields of public service, education, charity and public welfare, issues such as file management, identity (qualification) certification, and public trust all exist objectively. The traditional way is to rely on a credible third party for credit. Endorsement, but the problems of counterfeiting and missing still exist.

④ How to apply blockchain technology to actual scenarios

Recently, 18 departments and units including the Central Network Information Office, the Central Propaganda Department, and the General Office of the State Council jointly issued the “About Organization”. The “Notice of Applying for the Pilot Program of Blockchain Innovation Application” (hereinafter referred to as the “Notice”), announced that it will organize and carry out national blockchain innovation application pilot actions in 16 fields in 4 categories: real economy, social governance, people’s livelihood services, and financial technology.
The “Notice” clarifies that by the end of 2023, a batch of replicable and popularized typical cases and practices of blockchain innovation applications will be formed, and the blockchain will further play a role in promoting data sharing, optimizing business processes, and reducing operating costs. , enhance synergy efficiency, build a credible system, etc., and help build a network power and digital China.
Blockchain is a product of the digital economy era. Since October 24, 2019, the 18th collective study of the Political Bureau of the Central Committee of the Communist Party of China emphasized that “the blockchain should be regarded as the core technology.In the past two years, China’s blockchain industry has ushered in rapid development.
As one of the first batch of blockchain technology companies in China The technology is mature and applied to enterprises in various industrial fields, and it is also the 2018 Industrial Internet (the only blockchain) demonstration project of the Ministry of Industry and Information Technology and the 2019 National Cyberspace Administration (the first batch) of blockchain filing enterprises, and twice in 2019 and 2020. Selected as a typical enterprise in China’s blockchain technology innovation and won the second prize for innovative application in the 2020 Global Blockchain Competition, the blockchain qualification and strength are well recognized.
E-Baoquan has been deeply involved in blockchain since 2014. The underlying technology research and development and application innovation, pioneered the “blockchain + judicial + application” model, launched the “security chain” in the field of electronic data storage, the “gentleman’s signature” in the field of electronic signing, and the “Zhongzheng” in the field of Internet justice. Many well-known brands such as “Baobao” and “Microcopyright” in the field of intellectual property protection.
Ebaoquan is based on the underlying technology of blockchain, combined with independent invention patents, joint notary offices, judicial appraisal institutes, arbitration commissions, courts, copyright Authoritative institutions such as the Protection Center and the Ministry of Industry and Information Technology have established an alliance blockchain “guarantee chain open platform” to ensure that electronic data will be synchronously stored on the 20+ authoritative institution nodes through the blockchain from the moment it is generated. Each node can realize real-time communication of data and information, and the data stored in the certificate cannot be tampered with.

⑤ How to accelerate the research and development of core technologies represented by blockchain

To seize the block The opportunity of blockchain technology integration, function expansion, and industrial subdivision, and play the role of blockchain in promoting data sharing, optimizing business processes, reducing operating costs, improving collaboration efficiency, and building a trusted system. It is necessary to promote blockchain and entity Deep economic integration solves problems such as difficulty in loan financing for SMEs, difficulty in bank risk control, and difficulty in departmental supervision. It is necessary to use blockchain technology to explore digital economic model innovation and provide impetus for creating a convenient, efficient, fair competition, stable and transparent business environment , to provide services for promoting the supply-side structural reform, realizing the effective docking of supply and demand in various industries, and providing support for accelerating the continuous transformation of new and old kinetic energy and promoting high-quality economic development. It is necessary to explore the application of “blockchain +” in the field of people’s livelihood, and actively promote the district The application of blockchain technology in education, employment, pension, targeted poverty alleviation, medical and health care, commodity anti-counterfeiting, food safety, public welfare, social assistance and other fields provides the people with more intelligent, more convenient and better quality public services. Combining the underlying technical services of the blockchain with the construction of new smart cities, explore the promotion and application in the fields of information infrastructure, smart transportation, energy and power, and improve the level of intelligence and precision in urban management. It is necessary to use blockchain technology to promote inter-city Larger-scale interconnection in information, capital, talent, credit reporting, etc., to ensure the orderly and efficient flow of production factors within the region. It is necessary to explore the use of blockchain data sharing models to achieve cross-departmental and cross-regional joint maintenance and coordination of government affairs data. Utilize, promote business coordination, deepen The “run at most once” reform will bring a better experience of government services to the people.

⑥ What is the future development prospect of blockchain technology?

Blockchain industry has great growth potential. Five aspects promote the healthy development of technology. Basic profile analysis of blockchain (Blockchain) technology As a technical solution to collectively maintain a reliable database in a decentralized manner, it has the characteristics of decentralization, tamper-proof, and high scalability. Emerging technologies that have a significant impact on the future are expected to drive mankind from the information Internet era to the value Internet era. Some countries and regions in the United States, Japan and the European Union have raised the development of blockchain as an important national development strategy, and vigorously promoted the research and development and application of blockchain technology. my country also attaches great importance to blockchain technology innovation and industrial development. With the joint participation of IT and other enterprises, a large number of new enterprises, new products, new models and new applications have emerged. The application in various industries and other industries has gradually been launched, and it is becoming an important force driving technological product innovation and industrial transformation in various industries. The development of blockchain is divided into three stages, namely, the encrypted digital currency represented by Bitcoin and the blockchain 1.0 of related financial infrastructure applications, and the blockchain 2.0 represented by smart contracts. The blockchain 3.0 stage of the in-depth application of blockchain technology and more complex smart contracts. Statistical analysis of blockchain investment and financing in the first half of the year Since 2016, the frequency and amount of investment and financing in my country’s blockchain field have increased sharply. According to the statistics of the “In-depth Analysis Report on Business Model Innovation and Investment Opportunities in the Blockchain Industry” released by the Prospective Industry Research Institute, in 2018, theIn the first half year, the amount of financing in the blockchain field was about 10.7 billion, a year-on-year growth rate of 1426% over the same period in 2017; the number of investment and financing events in the blockchain field reached 205, and it is expected that this year’s blockchain investment will usher in a peak. From the perspective of the distribution of investment and financing rounds in China’s blockchain field, the initial investment rounds (before the B round) accounted for more than 95%, and many industry pioneers participated in the investment together, and most companies are still racing. From 2014 to the first half of 2018, the blockchain investment and financing statistics and growth data source: Qianzhan Industry Research Institute compiled the statistical analysis of the establishment of Chinese blockchain enterprises and registered capital. In 2013 and before, the blockchain registered in my country There are only 26 related enterprises. In 2016, there were 116 registered blockchain companies, 158 in 2017, and 52 from January to the end of June 2018. In terms of registered capital, there are 26 blockchain enterprises in my country with registered capital of less than 1 million yuan, accounting for about 6%; 197 enterprises with registered capital between 1 million yuan and 9.99 million yuan, accounting for about 46% %; There are 171 companies with registered capital between 10 million yuan and 100 million yuan, accounting for about 40%; 31 companies with more than 100 million yuan, accounting for about 7%. 2013-2018 January-June 2018 China’s blockchain enterprises established enterprises and registered capital statistics Data source: Qianzhan Industry Research Institute sorted out the geographical distribution of China’s blockchain enterprises and field statistics. Among the chain enterprises, there are 385 enterprises in Beijing, Shanghai, Guangdong, Zhejiang, Sichuan and Jiangsu, accounting for 90% of the total. Among them, Beijing has the largest number of enterprises, accounting for about 37% of the country. In terms of industry fields, my country’s blockchain enterprises are mainly distributed in the fields of finance, underlying public chains, enterprise services, technical solutions, data services, medical health, Internet of Things, transportation, and games. Among them, 91 companies are engaged in the financial field, accounting for more than 21%. China’s blockchain enterprise field distribution statistics Data source: Prospective Industry Research Institute organizes the development and application of blockchain technology that my country attaches great importance to. Driven by multiple forces such as policies, technologies, and markets, the pace of blockchain innovation has been accelerating, and it has been deeply integrated with technologies such as cloud computing, big data, and the Internet of Things. The scope of exploration and application has also shifted from digital assets to supply chain management, intelligent manufacturing, The industrial Internet, social welfare, copyright protection and other fields are extended and expanded. Five aspects to promote the healthy development of blockchain technology and promote the high-quality development of the digital economy 1. In-depth research and grasp of blockchain technology and industrial development trends. Pay close attention to the frontier trends of international development, jointly promote research on blockchain-related technologies and industries, promote the standardization of industry behaviors for blockchain development, and create a favorable development environment. 2. Strengthen the construction of core technology capabilities of blockchain. Establish and improve the collaborative promotion mechanism between key enterprises, colleges and universities, and research institutions, guide IT enterprises to strengthen technical reserves, accelerate breakthroughs in key core technologies, and improve blockchain performance, efficiency, and security. 3. Support entrepreneurship and innovation in the field of blockchain Encourage blockchain enterprises and user units to carry out cross-border integration, guide industry organizations to establish public service platforms, support third-party institutions to carry out blockchain service evaluation and testing, and promote the enrichment of blockchain. Industry applications, serving the transformation and upgrading of the real economy. 4. Actively build and improve the blockchain standard system, accelerate the development and application of key standards, and gradually build a perfect standard system. Actively connect with international standard organizations such as ITU and ISO, substantially participate in more international standardization work, and actively contribute more “Chinese power”. 5. Accelerate the improvement of the blockchain development policy environment to support qualified enterprises to carry out application innovation and model innovation, and guide and encourage enterprises, universities and research institutes to jointly cultivate professionals required for blockchain development. Support eligible blockchain enterprises to enjoy preferential tax policies for the development of the software industry and small and medium-sized enterprises. The industry scale is small but the growth potential is huge. The blockchain economy is currently on the eve of the outbreak. The financial industry has a relatively wide range of applications, and applications in other industries have also entered the stage of exploration and development. It is estimated that between 2017 and 2022, the direct market value of blockchain will increase from US$410 million to US$7.68 billion

⑦ What is the impact of the application of blockchain technology on the industry

Chongqing Jin Wowo analyzes the impact of blockchain technology on the industry: blockchain will determine the relationship between people and all Internet existence, including artificial intelligence, and changes in this relationship will have subversive effects on mainstream Internet business models Influence and create a new era of decentralization.

⑧ Which one of blockchain technology and blockchain application is more worthy of our research and development

The so-called blockchain technology, referred to as BT (Blockchain technology), is also known as It is distributed ledger technology, which is an Internet database technology, which is characterized by decentralization, openness and transparency, allowing everyone to participate in database records.

Blockchain application:

1. Financial sector: mainly to reduce transaction costs and reduce cross-organizationalEasy risk, etc. Blockchain applications in this field will mature the fastest, and banks and financial trading institutions will be the main drivers.

Financial blockchain

Since the beginning of human society, financial transactions have been an essential economic activity. Differences in transaction roles and content reflect different production relations. Through transactions, the efficiency of society can be optimized and value can be maximized. The development of human society is inseparable from the evolution of transaction forms. It can be seen how important the status of trading is in human society. Transactions essentially exchange ownership of value. Now in order to complete the transaction (such as the ownership of houses and vehicles), some intermediate links are often needed, especially the role of intermediary guarantee. This is because there is often insufficient trust between the two parties to the transaction. It is not easy to prove the ownership of the value, and often the value of each other cannot be directly exchanged. Reasonable intermediary guarantees ensure the normal operation of transactions and improve the efficiency of economic activities. However, the existing third-party intermediary mechanisms often have shortcomings such as high cost, long time period, complex process, and error-prone. It is because of these that financial services have become one of the hottest application areas of the blockchain. Blockchain technology can provide effective and reliable proof of ownership and a strong intermediary guarantee mechanism for financial services. The areas involved in financial services include currency, securities, insurance, donations, etc.

2. Credit information and tenure management: This is the dream of large social platforms and insurance companies. At present, there are still insufficient data sources, reliable platform support and effective data analysis and management. The threshold for entrepreneurship in this field is extremely high and requires top-down promotion. Because anything that needs to deal with the government has never been easy to start right away.

Credit management is a huge potential market, which is said to exceed 100 billion (Ping An Securities report, Wells Fargo report), and it is also one of the most promising directions for big data applications at present . At present, a large amount of valid data related to credit reporting is mainly concentrated in the hands of a few institutions. Since these data are too sensitive and are the lifeblood of business, they are often tightly protected, thus forming a high industry threshold. Although a large number of Internet companies (the most successful one should be Facebook) have tried to obtain massive user information from various dimensions, from the perspective of credit reporting, there are still several problems with these data.

•Insufficient amount of data: The larger the amount of data, the higher the value that can be obtained, and there is a lower limit for the effective value of data. The amount of data below the lower limit cannot produce effective value;

• Poor relevance: the most core data is often the most sensitive. In today’s highly sensitive privacy, users do not want to expose too much data Insufficient timeliness: the user data that the enterprise can obtain from the public is often outdated, and even there is false information. The reliability of the correlation analysis caused serious interference.

The blockchain has the characteristics that it cannot be tampered with and cannot be denied. At the same time, blockchain will potentially provide highly relevant data on an unprecedented scale, which can be accurately located in time and space and strictly related to users. Therefore, providing data based on the blockchain for credit management will greatly improve the accuracy of credit evaluation and reduce the cost of evaluation. In addition, unlike the traditional review that relies on manual labor, blockchain technology completely relies on mathematical results, and the blockchain-based credit mechanism will naturally have stability and neutrality. Including IDG, Tencent, Ernst & Young, PricewaterhouseCoopers, etc. have all invested or entered the field of blockchain-based credit management, especially in application scenarios related to insurance and mutual aid economy.

3. Resource sharing: companies represented by airbnb will welcome such applications and greatly reduce management costs. Entrepreneurial thresholds in this field are low and the themes are concentrated, which will be popular with investment.

In the era of big data, value comes from data mining. The more dimensions and volume of data, the higher the potential value. All along, the more vexing issues are how to assess the value of data, how to use data to exchange and trade, and how to prevent valuable data from being leaked without permission. Blockchain technology offers the potential to solve these problems. Using the unified ledger composed of blockchain, the flow of data between multiple parties will be tracked and managed in real time, and by controlling access rights, the management cost of the data sharing process can be effectively reduced.

4. Investment management: Whether public or private funds, blockchain technology can be applied to reduce management costs and control risks. Although there are test waters such as DAO, it is cautious that the demand in this field is not yet mature. However, Xiao Yao has discovered that China’s major entrepreneurial companies�� Begin to test the waters in this field, hoping for a major breakthrough.

In international trade activities, buyers and sellers may not trust each other. Therefore, two banks are needed as guarantors for both buyers and sellers, to pay bills on their behalf, and to replace commercial credit with bank credit. Blockchain can provide a common ledger for L/C transaction participants, allowing banks and other parties to have a confirmed record of common transactions and perform their contracts accordingly, reducing risk and cost. Crowdfunding management represented by DAO (Decentralized Autonomous Organization), DAO has set a record of the highest financing in history, exceeding 160 million US dollars.

5. The Internet of Things and Supply Chain: The Internet of Things is a very suitable field, and a large number of applications will appear in the short term, especially in specific scenarios such as leasing and logistics. However, the development limitations of the Internet of Things itself will make it difficult to achieve large-scale applications in the short term.

The supply chain industry often involves many entities, including logistics, capital flow, information flow, etc. There is a lot of complex collaboration and communication between these entities. Under the traditional model, different entities keep their own supply chain information, which seriously lacks transparency, resulting in high time and money costs, and it is difficult to trace and deal with problems (forgery, counterfeit goods, etc.). Through the blockchain, all parties can obtain a transparent and reliable unified information platform, which can check the status in real time, reduce logistics costs, and trace the entire process of production and delivery of items, thereby improving the efficiency of supply chain management. When disputes arise, it becomes clearer and easier to present evidence and trace. This field is considered to be a promising application direction of blockchain. IBM has been investing decades in research and development in the field of IoT, and is currently exploring the use of blockchain technology to reduce the cost of IoT applications.

Blockchain first has the technology before it can be applied, such as Huixin Cloud Platform: only with the platform first, the product manager can settle in the platform for a development, so the technology and application should be together progress.

The application of blockchain technology is different in the industry, and the functions and effects obtained are also different. Let’s take the credit system field as an example. Because the disclosure of personal information will cause huge harm to the information person, making it painful to be conservative and harassed. What is even more terrifying is the leakage of personal information, which is usually accompanied by the theft of tens of thousands of personal information, illegal trafficking, and even the use of regular data trading agencies to steal data.

With the rise of blockchain technology, the encryption of blockchain technology can provide solutions for the protection of personal information. Blockchain technology can store personal information in a distributed manner, avoiding the security risks faced by a single server.

And one of the most icebreakers in blockchain technology research, Jinwowo Network Technology has conducted in-depth research and application of blockchain technology. Jinwowo’s big data service with blockchain as the bottom layer can prevent illegal data reselling and re-establish data circulation rules from four aspects: data storage, data analysis, data tracking, and data security.

⑨ What are the main application fields of blockchain technology

Answer: The main application fields of blockchain technology include the financial field, the Internet of Things and logistics, the field of public services, and the field of digital copyright , insurance and public welfare.

First, the financial field

Blockchain has potential huge application value in financial fields such as international exchange, letter of credit, equity registration and stock exchange.

Second, the field of Internet of Things and logistics

Blockchain can also be naturally combined in the field of Internet of Things and logistics. Through blockchain, logistics costs can be reduced, the production and delivery process of items can be traced, and the efficiency of supply chain management can be improved.

III. Public service field

Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields, but the centralized nature of these fields also brings Some problems can be transformed with blockchain.

Fourth, the field of digital copyright

Through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works, and to ensure the authenticity and uniqueness of ownership sex.

V. Insurance field

In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims, often with high management and operating costs.

VI. Public welfare field

The data stored on the blockchain is highly reliable and cannot be tampered with, and is naturally suitable for use in social welfare scenarios. Relevant information in the public welfare process, such as donation projects, fundraising details, fund flow, recipient feedback, etc., can be stored on the blockchain, and conditionally transparent and publicized to facilitate social supervision.

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