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People's commentary: a breakthrough for blockchain overtaking

Time : 26/03/2022 Author : k0jdzr Click : + -
        Blockchain ensures that all information is digitalized and shared in real time, so as to improve collaboration efficiency and reduce communication costs, so that multi-party entities with high dispersion, long management chain and many links can still cooperate effectively. During this period, "blockchain" has become a hot word in public opinion. At the 18th collective learning of the Political Bureau of the CPC Central Committee, General Secretary Xi emphasized that "blockchain should be regarded as an important breakthrough for independent innovation of core technology" and "accelerating the innovation and development of blockchain technology and industry". The forward-looking judgment of the CPC Central Committee has brought the "blockchain" into the public view and become the common concern of financial capital, the real economy and social public opinion. From network power to big data, from media integration to blockchain, the Politburo of the CPC Central Committee has collectively studied and aimed at the forefront of technological change, showing the direction grip, forward-looking judgment and future foresight of the CPC Central Committee, leading the pace of China's industrial reform and economic transformation.
 
        The collective learning of the Political Bureau of the CPC Central Committee, with special emphasis on "blockchain", has opened up imagination space for the development and application of blockchain. What is blockchain? From the perspective of science and technology, blockchain involves many scientific and technological issues such as mathematics, cryptography, Internet and computer programming. From the perspective of application, in short, blockchain is a distributed shared ledger and database, which has the characteristics of decentralization, tamper proof, whole process trace, traceability, collective maintenance, openness and transparency. These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for the creation of trust in the blockchain. The rich application scenarios of blockchain are basically based on the fact that blockchain can solve the problem of information asymmetry and achieve collaborative trust and concerted action among multiple subjects.
 
        How blockchain creates trust and cooperation mechanisms can be seen more clearly when it goes deep into specific application scenarios. The "tamper proof" feature of blockchain provides a solution to the problem of "certificate deposit" in economic and social development, and provides a new idea for realizing social credit investigation; The "distributed" feature of blockchain can break through the "data barrier" between departments and realize information and data sharing; Blockchain forms a "consensus mechanism", which can solve the problem of information asymmetry and truly realize the transformation from "information internet" to "trust Internet"; Through the "smart contract", blockchain can realize the cooperation and trust between multiple subjects, thus greatly expanding the scope of human cooperation.
 
        In general, blockchain creates value by creating trust. It can ensure that all information is digitalized and shared in real time, so as to improve collaboration efficiency and reduce communication costs, so that multi-party entities with high dispersion, long management chain and many links can still cooperate effectively. Blockchain "the future has come", but we should also remain rational. Blockchain technology is accompanied by cryptocurrency, but blockchain technology innovation is not equal to hyping virtual currency. We should prevent the use of blockchain to hype air currency. At the same time, we should also see that blockchain is still in the early stage of development, and it needs to be further developed and improved in terms of security, standards, supervision and so on. The use of blockchain to store and disseminate illegal information, and the use of blockchain for illegal transactions and money laundering should also be severely punished.
 
        Through inclusive and prudent supervision, we can better promote the innovation and development of blockchain by including trial and error and strictly prohibiting cross-border. There is nothing wrong with the general direction of developing blockchain, but we should avoid herd and repeated construction in order to open the development space of blockchain in orderly competition. China has a good foundation in the field of blockchain. Some large Internet companies have made layout for a long time. More than 20 provinces have issued policies to promote the blockchain industry. With relatively sufficient talent reserves and rich application scenarios, it is fully qualified to take the lead in this new track. From a broader perspective, human beings can develop modern civilization because of the effective cooperation between large-scale groups.
 
        The "invisible hand" of market economy also realizes the division of labor and cooperation of human society through market mechanism. On this basis, blockchain technology will greatly expand the breadth and depth of human collaboration. Perhaps blockchain is not only the next generation Internet technology, but also the next generation cooperation mechanism and organization form.
 
        
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