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What obstacles do the blockchain on the tuyere have to overcome

Time : 21/07/2021 Author : 1cf7hk Click : + -
        With the setting of the Central Committee of the Communist Party of China in October 2019, the blockchain will usher in a "strong wind" in 2020: the industry standards are ready to come out, and local governments have intensively introduced support policies. The industry expects that more blockchain related sector index products and even ETFs are expected to accelerate the landing. Guosheng securities blockchain Research Institute believes that in 2020, capacity expansion and trusted computing are expected to become new hotspots, while the maturing 5g will provide a more mature communication base for the blockchain, and more applications combined with the blockchain are expected to emerge. Amid the bustle, there were also voices of concern. At present, the application of blockchain is still in the early stage, and the reliability and security are lack of effective verification. The key technologies need to be further improved. The industrial chain and industrial ecology have yet to be formed, and the conditions for large-scale commercial are still immature.
 
        On October 24, 2019, the Political Bureau of the CPC Central Committee conducted the 18th collective learning on the development status and trend of blockchain technology. When presiding over the study, General Secretary Xi emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation; We should take blockchain as an important breakthrough point for independent innovation of core technologies, clarify the main direction of attack, increase investment, focus on tackling a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation. Fan Ruibin, head of the blockchain of Weizhong bank, told the international financial times that the research on the alliance chain began to rise in China around 2015. The discussion and opinions of the central government on the blockchain in 2019 are an affirmation of the blockchain technology, and also point out the direction of the development of the blockchain, which is of milestone significance.
 
        After the 18th collective study on blockchain technology organized by the Political Bureau of the CPC Central Committee, all central ministries and commissions and local governments responded to the call to support the development of blockchain industry, and relevant policy documents were published intensively. Statistics show that at the end of 2019, the number of policies surged, with a month on month increase of 140% in November, and all of them were based on supporting policy information. In addition, the exchange provides platforms and tools for capital entering the blockchain industry. On December 24, 2019, Shenzhen Stock Exchange released the Shenzhen blockchain 50 index. The industry expects that more blockchain related sector index products and even ETFs are expected to accelerate the landing. Under the promotion of policies, the industry standards are also ready to come out.
 
        On January 9, Dong Dajian, deputy director of the information technology development department of the Ministry of industry and information technology, said at the 12th electronic information industry standards promotion conference and the annual meeting of information technology service standards (2020). He said that in 2019, the Standardization Committee of blockchain and distributed computing technology was approved to be established. It has issued a number of group standards, one national standard and nearly ten industrial standards, and actively participated in the international standards work of the international organization for Standardization (ISO) and other institutions, Leading the development of international standards such as blockchain reference architecture. In 2020, the National Committee for standardization of blockchain and distributed computing technology should be well prepared and the formulation of urgently needed standards should be accelerated. Lu Yifan, general manager of the blockchain Business Department of financial one account, told the reporter of international financial times that blockchain, as a technology that can link all fields of the world, a set of efficient data standards and technical standards is necessary and necessary for the development of the blockchain industry, especially the interaction between chains.
 
        Zhai Xinlei, head of blockchain of innovation and technology business department of JD digital technology group, told the reporter of international financial times that after the technology has developed to a certain stage, the importance of standards first becomes more prominent. The establishment of the standard system and the formulation and improvement of specific standards can effectively prevent enterprises and groups from making things behind closed doors in the state of no standards and unimpeded information. However, Li Feng, head of Baidu financial blockchain, stressed to the reporter of international financial news that some red lines can be set in 2020. The standards should be based on the industry's full exploration and practice, and the accumulation of sufficient experience, cases and programs, so as to be meaningful. Setting standards prematurely will stifle creativity and make standards for the sake of standards.
 
        Fan Ruibin suggested promoting the implementation of regulatory sandbox as soon as possible. He said that at present, there are some regulatory compliance and legal applicability issues in some scenarios that have not been clarified. We hope to launch a regulatory sandbox mechanism for alliance chain technology. On the premise of doing a good job in risk control, we encourage everyone to apply blockchain technology, support entrepreneurial projects, and find a balance between financial stability and financial innovation. The reporter noted that at the above-mentioned learning meeting on the development status and trend of blockchain technology, some scenarios of blockchain application landing were also specifically mentioned: in the financial field, it is necessary to solve the problems of small and medium-sized enterprises' loan financing, bank risk control and department supervision; In the field of people's livelihood, it is necessary to provide more intelligent, convenient and high-quality public services for the people and ensure the orderly and efficient flow of production factors within the blockchain; In the field of government affairs, it is necessary to realize the common maintenance and utilization of government affairs data across departments and regions, so as to bring better government affairs service experience to the people.
 
        It is understood that at present, the blockchain applications of domestic technology companies in the industry are mainly divided into two categories: one is to combine their own Internet advantage fields and strong customer traffic to drive the original business to be quickly linked and improve the user experience; The other is to enter into industrial Internet and government products, cooperate with government agencies or industry leaders, and empower offline industries or government businesses through blockchain. The Research Report of Guosheng securities blockchain Research Institute shows that China Ping An government products have been successfully implemented; Huawei focuses on logistics and government related blockchain applications; Alibaba's blockchain technology is deeply integrated with its own business, with rich and diversified application scenarios; Tencent laid out the blockchain in advance, focusing on the financial field and invoice business.
 
        Zhu Shaokang, CEO of Qikun technology, told the reporter of international financial times that the company has established a supply chain financial service platform in the three major industries of bulk commodities, medical care and ticketing. From the existing experience, the blockchain technology is a very good means to solve the financing difficulties of small and medium-sized enterprises. Through the technical means with the blockchain as the core, the real operational data and real cash flow of small and medium-sized enterprises can be locked, which can help them obtain financing support without guarantee, mortgage and confirmation of the rights of core enterprises. Guosheng securities blockchain Research Institute believes that it is expected to open many blockchain pilot scenarios in 2020. The application of "blockchain +" will rapidly penetrate, and the combination with 5g, Internet of things and AI will be more grounded. The integration with aiot (artificial intelligence internet of things) technology is the direction of blockchain landing.
 
        Zhai Xinlei also said that with more commercial applications of 5g technology, blockchain can solve trust problems in an efficient way, and landing applications are more likely to be concentrated in people's livelihood, government affairs, finance and other fields. With regard to various application scenarios, Zhai Xinlei further said that the application scope of blockchain at the traceability level is wider and reaches more detailed fields; Digital deposit certificate will play an increasingly important role in b-terminal; The application of blockchain in the financial field will still focus on ABS (asset securitization). Other aspects of finance will also involve clearing and settlement system, cross-border payment, financial insurance, enterprise financing, etc. On January 8, Jiang Guofei, vice president of ant financial services and President of intelligent technology, announced in Beijing that ant blockchain will open the platform technology capabilities to the whole industry.
 
        Jiang Guofei said that looking forward to 2020, the industrial blockchain has begun and the turning point is coming. Lu Yifan pointed out that the popularity of 5g commerce can further promote the application and improvement of IOT devices in various scenarios, so that the data flow on the blockchain can be comprehensively optimized from the perspectives of scale, quality and collection efficiency, thus expanding the application scope of the blockchain in various scenarios. However, Li Feng believes that although 2020 can be regarded as the first year of 5g business, it will take at least two to three years for more in-depth 5g applications. 5g will not bring fundamental changes to traceability, certificate deposit, etc. the arrival of the IOT era driven by 5g (including 5g, storage, energy, computing, chip and many other technologies that meet the requirements and mature at the same time) will push the existing application cases of phase 1.0 such as traceability, certificate deposit and cross-border payment into phase 2.0.
 
        Li Feng also pointed out that the government and enterprises will release a number of blockchain projects in 2020, which is good for the industry as a whole and will inject vitality into the industry. However, whether it is sustainable and whether it can activate technological progress should be viewed more objectively. As a national strategy, blockchain has been put into the wind. However, the application of blockchain is still in the initial stage, and the industry is also in the stage of building and exploring the basic technology platform. Therefore, government agencies and technology companies are also focusing on the development of blockchain basic technology platforms. According to the Research Report of Guosheng securities blockchain Research Institute, the government and large institutions are keen to develop basic platforms. By the end of 2019, the main formed blockchain infrastructure platforms were the cross-border financial blockchain service platform piloted by the State Administration of foreign exchange, the blockchain service platform (BSN) deployed by the National Information Center, China Mobile and China UnionPay, and the enterprise level blockchain technology platform created by ICBC.
 
        Fan Ruibin pointed out that the development of blockchain, especially its application in the financial industry, urgently needs a safe and controllable, open and open source, and financial level alliance chain underlying platform to provide guarantee for the application of blockchain technology in the real economy. "The core function of blockchain is networking." Zhai Xinlei also said that the current technology development and business circle of blockchain enterprises are far from forming an ideal regional or even national blockchain network. In the future, there will be a period when we need to connect multiple alliance chains to achieve a wider range of business interoperability. Li Feng also believes that the most important thing to do in 2020 is to support the wider application of industrial blockchain, "blockchain + real economy" and "blockchain + digital economy", especially the exploration of underlying technology, so that technology and industry can be combined and prospered.
 
        For this reason, the mechanisms also operate frequently. Jd.com took the lead in launching the open-source blockchain underlying engine jdchain among domestic Internet enterprises. Subsequently, ant financial service also announced the launch of its independently developed blockchain engine. Internet Bank Weizhong bank and other members of the open-source working group of the gold chain alliance jointly launched the alliance chain open-source platform fiscobcos. It is reported that the blockchain engine independently developed by ant financial has technically realized "double billion". Ant blockchain can support the scale of 1 billion accounts, 1 billion transactions per day, and realize the cross chain information processing capability (PPS) of 100000 transactions per second through expandable consensus and double-layer network design.
 
        Since the beginning of 2020, ant financial has been actively participating in the construction of the blockchain infrastructure. On January 8, it was announced that ant blockchain will open the platform's technical capabilities to the whole industry. Then, on January 9, ant financial's ant blockchain and Qianhai joint trading center (qme) jointly launched the construction of blockchain warehouse receipt alliance in Shenzhen. It is understood that ant blockchain, after cooperating with qme, will jointly build an alliance chain with warehousing, insurance, banking, trade and manufacturers based on the underlying structure of the blockchain in the future, apply the latest technologies such as blockchain, Internet of things and intelligent identification to all aspects of physical trade such as transaction settlement and warehousing logistics, and realize the visualization and traceability of the whole life cycle of commodity spot through scientific and technological empowerment and system docking, Give play to the function of the factor platform, help enterprises, especially small and medium-sized enterprises and traders that are difficult to obtain financing under the traditional credit logic, solve the worries of the capital chain, and provide the infrastructure and public services urgently needed for the construction of a standardized asset system for the real industry in a truly market-oriented manner.
 
        Ling Li, associate professor of communication science and Engineering Department of Fudan University, believes that there are two main obstacles to the large-scale commercialization of blockchain: first, the demand side has not found a direction; Second, the maturity of alliance chain technology is limited. Ling Li told the reporter of international financial times that the demand side is unfamiliar with blockchain technology, has insufficient understanding, and even has misunderstandings, resulting in the inability to make plans and make correct decisions. At the same time, the supply side alliance chain technology market is still underdeveloped, and it is difficult to provide diversified and strong support. In addition, the maturity of alliance chain technology is limited, the reliability and security are lack of effective verification, the development environment of DAPP and smart contract is not perfect, and there is no industrial chain and industrial ecology of "bottom layer - tools - Design - Development - service".
 
        Zhu Shaokang believes that, on the basis of relevant alliance chains, the biggest resistance to the commercial application of blockchain comes from how to maintain the data supply nodes on the alliance chain. At the same time, in terms of data supply and inspection, how to ensure the validity and authenticity, and have sufficient benefit distribution, so as to form a long-term effective mechanism and promote it to have the power to ensure the long-term supply and inspection of data. "The premise for an alliance chain to be effective is that all nodes on the chain are effective, and the data provided are all real data. At the same time, it also has to play a role. However, there are still questions about how to make it work effectively for a long time." Zhu Shaokang said. Jiang Guofei also believes that at present, it is only the first step to accelerate the commercialization of blockchain.
 
        Although the prospect of blockchain commercialization is very broad, generally speaking, it is still at the starting stage. In the future, the "amount of online links" will become an important indicator of the level of the digital economy. Zhai Xinlei said that there are still two difficulties in the large-scale commercial use of blockchain: first, the digital industrial scene has not been completed, and the blockchain technology cannot be used. Because blockchain is a digital technology, if you want to apply blockchain in a scene, you need to complete the digitization of the scene, or complete the digitization within a visible time range. Second, the key technologies in blockchain need to be further improved, such as consensus protocol under large-scale nodes, cross chain integration, anti quantum cryptography, multi language contract engine, etc.
 
        Li Feng said frankly that the large-scale commercial use of blockchain will not come in 2020. "Because we don't see any applications in the industry (referring to the direction of industrial blockchain) that are really mature, solid (data ownership and decentralization) and fully reflect the value of blockchain, and the prospect and ability of large-scale replication of such applications.". Li Feng further pointed out that the weak basic technical capacity, high cost of combination of scheme and business, failure to form an ecological environment, and difficulty in making profits are the major obstacles to the commercialization of China's blockchain. Among them, weak basic technology capacity is the biggest problem faced by China's blockchain development. Therefore, it is necessary to strengthen basic technology investment, encourage investment and guide investment in 2020.
 
        "The lack of supporting facilities for the application of blockchain in some industries has led to a lot of resistance. At the same time, it is difficult to evaluate the application effect, resulting in a lack of sustained investment. It is difficult to form commercial profits, and it also leads to the failure of blockchain business to form a virtuous circle of self-development. This requires time to accumulate, and it is not necessary to accelerate the maturity too early, so as to gradually form a soil to support ecological construction." Li Feng said.
 
        
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