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The development of digital economy should be based on blockchain

Time : 30/03/2022 Author : bhplxi Click : + -
        As the first cryptocurrency launched, bitcoin plays an important role in the development of blockchain technology. At a time when the digital economy is booming, blockchain has great potential in promoting the innovative development of the digital economy. Its application has been extended to digital finance, the Internet of things, intelligent manufacturing, supply chain management, digital asset trading and other fields to accelerate the digital transformation of the economy. New infrastructure is a strategic move for the digital era. The new generation of information technology represented by blockchain, 5g, artificial intelligence and the Internet of things is gradually becoming a new driving force to promote industrial transformation and upgrading and change the way of mass production and life. Data has become a key factor of production in the development of digital economy. It is very important to activate the value of data resources and give full play to the role of data elements. China is fully promoting the value of data along the three stages of resource, asset and capitalization.
 
        According to the "four modernizations" framework of digital economy, data valuing includes data collection, data right confirmation, data pricing and data transaction. Although blockchain technology was born to serve bitcoin and other digital currencies, compared with them, the application of blockchain technology in society will be more common. In the economic circle, scholars' evaluation of bitcoin is polarized. On the one hand, they think it is a promotion of economic development, on the other hand, they think that imperfections in management will interfere with the normal social and economic order. The application of blockchain technology has been able to cover all aspects of life, such as storing public health records and land registration, providing an immutable voting platform, and ensuring secure identity management.
 
        Developing the digital economy and accelerating the innovation and breakthrough of the new generation of information and communication technologies such as blockchain, 5g, Internet of things, cloud computing, big data and artificial intelligence can not only promote the deep integration of the digital economy and the real economy, but also help to transform and upgrade traditional industries, promote the upgrading of the industrial foundation and the modernization of the industrial chain, which is the strategic choice and key support for building a new development pattern. Blockchain has great potential in promoting the innovative development of the digital economy. Its application has been extended to many fields, such as digital finance, Internet of things, intelligent manufacturing, supply chain management, digital asset trading, etc., to accelerate the digital transformation of the economy. The blockchain technology is applied to the right confirmation and transaction process of supply chain finance, and the contract, trade background, capital flow and business flow information between the owner and suppliers at all levels are all left on the chain in the form of digital credit voucher circulation, so as to provide decision support for financial institutions through the trusted data on the blockchain.
 
        The scheme has the characteristics of "saving time, labor and money" and other benefits and convenience. At the same time, digital credit vouchers will increase the flexibility of financial management of enterprises in the whole chain, improve the ability and efficiency of enterprise payment and circulation, and help reduce financing leverage and financing costs.
 
        
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