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People's Daily published a full page article: what strong signal has the blockchain released?

Time : 08/11/2021 Author : 4fsva0 Click : + -
        As a decentralized distributed ledger database, blockchain has become hot recently. On the 26th of the people's daily, the economic weekly published a full page article on blockchain. This group of articles includes three questions about blockchain, seizing the opportunity of blockchain and being a leader in the digital economy. 1. About blockchain applications and cases. The special article of people's daily strongly released that at least five major applications are worthy of affirmation and Exploration & mdash& mdash; Finance, public welfare, supervision, anti-counterfeiting and other fields. In these application fields, what cases and enterprises are specifically mentioned in the people's article?. ① Payment: in order to solve the problem of high reconciliation costs among financial institutions, in August 2016, Weizhong bank and Shanghai Huarui Bank launched an inter agency reconciliation platform for micro loans, which is also the first domestic banking alliance chain application scenario operating in a production environment.
 
        ② Public welfare: ant financial's first application scenario involving the blockchain is public welfare, helping a group of hearing-impaired children obtain a donation, and then using blockchain technology to promote public welfare more open and transparent. ③ Anti counterfeiting: ant financial has applied the blockchain technology to the traceability of authentic products. At present, some overseas Taobao commodities from Australia and New Zealand, such as milk powder, can be scanned with Alipay to see if they are genuine. ④ In the field of Supervision: in 2017, the financial blockchain cooperation alliance (Shenzhen) released the fiscobcos white paper on the underlying platform of the financial blockchain. According to the white paper, the blockchain provides financial regulators with consistent and easy to audit data. Through the data analysis of the inter institutional blockchain, it can supervise financial business faster and more accurately than the traditional audit process.
 
        ② What kind of innovation? Blockchain belongs to technological innovation. At present, the concept of blockchain is not hot to solve practical problems with technology, but hot to raise money and speculate on valuation. In particular, most of the so-called ICOS (initial token issuance) that are hot to speculate are innovation of fund-raising tools and have nothing to do with technological innovation. "The basis for judging whether it is technological innovation or fund-raising innovation is actually very clear, that is, whether it starts with trust and whether it creates practical value by solving trust problems.". ③ About regulation. For the current blockchain craze, the regulatory authorities should more actively intervene, distinguish between technological innovation and fund-raising innovation, encourage government organizations, credible experts and industry participants to help the public identify, comprehensively curb the fund-raising innovation under the name of blockchain, and make the actual controller of ICO bear responsibility for the fund-raising behavior.
 
        We will continue to improve infrastructure and strengthen the formulation of relevant laws and policies. ④ Relevant policies. It is suggested that the competent government departments at all levels draw on the advanced practices of developed countries and regions, and combine the development of China's blockchain technology and application, to timely introduce support policies for blockchain technology and industrial development. We will focus on supporting key technology breakthroughs, major demonstration projects, the construction of "mass entrepreneurship and innovation" platforms, the research and development of system solutions, and the construction of public service platforms. At the same time, it is suggested that domestic key enterprises, scientific research, universities and user units strengthen their cooperation and speed up the research of core key technologies such as consensus mechanism, programmable contract, distributed storage and digital signature. Recently, the news about bitcoin has been very eye-catching, and the blockchain has also caught fire.
 
        In the capital market, the stock prices of various blockchain concept stocks rise and fall like a roller coaster. From the responsive capital market, we can see that the blockchain is standing on the wind and receiving high attention from all parties. A decentralized distributed ledger database. Without a center, each node of data storage will copy the entire ledger synchronously, and the information is transparent and difficult to tamper with. In recent years, more and more institutions have begun to attach importance to and participate in the research and development of blockchain technology. From the initial bitcoin and Ethereum to various types of blockchain startups, venture capital funds and financial institutions, they are labeled "blockchain" and immediately "glitter". Not only that, many people's wechat circle of friends have also been swiped by various articles interpreting the blockchain.
 
        The white paper on China's blockchain technology and application development (2016) issued under the guidance of the Ministry of industry and information technology explains as follows: in a broad sense, blockchain technology uses block chain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data A new distributed infrastructure and computing paradigm that utilizes smart contracts composed of automated script code to program and operate data. He Fei, senior researcher of financial research center of Bank of communications, gave a popular explanation: "in short, blockchain is a decentralized distributed ledger database.".
 
        Decentralization, that is, different from the traditional way of centralization, there is no center here, or everyone is the center; The distributed ledger database means that the recording method is not only to store the ledger data in each node, but also to share and copy the data of the entire ledger synchronously. At the same time, the blockchain also has the characteristics of disintermediation and information transparency. Wang Jun, chief researcher of Tencent Financial technology think tank, said: "blockchain technology is essentially a database technology. Specifically, it is an account book technology. The account book records asset changes and transactions of one or more accounts. In fact, it is a database with the simplest structure. The daily accounts we usually record in small books and the statements sent by banks are all typical account books.
 
        ”。 He believes that security is a major feature of blockchain technology, mainly reflected in two aspects: first, the distributed storage architecture, the more nodes, the higher the security of data storage; Second, its tamper proof and decentralized clever design makes it difficult for anyone to modify data without rules. Take online shopping transactions as an example. The traditional mode is that the buyer purchases goods and then transfers the money to the intermediary platform of the third-party payment institution. After the seller delivers the goods and the buyer confirms the receipt, the Buyer notifies the payment institution to transfer the money to the seller's account. The transaction mode supported by blockchain technology is different. Buyers and sellers can trade directly without any intermediary platform. After the transaction between the buyer and the seller, the system publishes the transaction information in the form of broadcasting, and all hosts receiving the information record the transaction after confirming that the information is correct.
 
        This is equivalent to that all hosts have made data backup for this transaction. Even if a certain machine has problems in the future, it will not affect the data record, because there are countless machines as backup. He Fei said that bitcoin is a manifestation of the blockchain, but the blockchain is not equivalent to bitcoin. Blockchain is the underlying technology and infrastructure of bitcoin, and bitcoin is a successful application of blockchain, but it does not mean that blockchain can only be applied to bitcoin. Financial services is the first application field of blockchain technology. The application of blockchain technology can solve the pain points in payment, asset management, securities and other fields. Taking the payment field as an example, the cost of reconciliation, clearing and settlement among financial institutions, especially cross-border financial institutions, is high, involving a lot of manual processes, which not only leads to high costs on the user side and the back-end business side of financial institutions, but also makes it difficult to carry out small payment business.
 
        The application of blockchain technology can help reduce the cost of reconciliation and dispute resolution among financial institutions, and significantly improve the processing efficiency of payment business. In addition, the cost and efficiency advantages brought by the blockchain technology to the payment field enable financial institutions to better handle small cross-border payments that were considered unrealistic due to high costs in the past, and contribute to the realization of Inclusive Finance. For example, in order to solve the problem of high reconciliation costs among financial institutions, in August 2016, Weizhong bank and Shanghai Huarui Bank launched an inter agency reconciliation platform for micro loans, which is also the first domestic banking alliance chain application scenario operating in a production environment. Zhang Kaixiang, chief architect of the blockchain of Weizhong bank, believes that the high cost problem that the traditional "batch file reconciliation" model has failed to solve for a long time is precisely where the blockchain technology can be used.
 
        Subsequently, Bank of Luoyang and Bank of Changsha also successively accessed the inter agency reconciliation platform. Through the blockchain technology, the inter agency reconciliation process in the micro loan business was optimized, and the objectives of quasi real-time reconciliation, improving operational efficiency and reducing operational costs were achieved. Up to now, the platform has been running stably for more than one year, with zero failures, and the number of real transactions recorded has reached tens of millions. In the field of public welfare, blockchain technology also has great potential. Ant financial's first application scenario involving the blockchain is public welfare, helping a group of hearing-impaired children obtain a donation, and then using blockchain technology to promote public welfare more open and transparent. Hu Danqing, senior product expert of ant financial technology lab, said: "the blockchain public welfare platform is like a post office built on the Internet for mailing funds.
 
        Every sum of money donated by users will be packaged into a package. This package is delivered through the blockchain platform. Every time it passes through a node, we will stamp it with a postmark and finally send it to the recipient. This can ensure that every money donated by users is transparent, traceable and hard to tamper with. ". In terms of commodity anti-counterfeiting, blockchain technology can play a great role. Hu Danqing introduced that ant financial applied the blockchain technology to the traceability of authentic products. At present, some overseas Taobao commodities from Australia and New Zealand, such as milk powder, can be scanned with Alipay to see if they are genuine. "Unlike previous businesses that entered commodity information by themselves, blockchain allows multiple & lsquo; bookkeepers & rsquo; to complete bookkeeping impartially, independently and undeniably.
 
        ”。 For financial regulation, blockchain technology can also play a role. In 2017, the financial blockchain cooperation alliance (Shenzhen) released the fiscobcos white paper on the underlying platform of the financial blockchain. According to the white paper, the blockchain provides financial regulators with consistent and easy to audit data. Through the data analysis of the inter institutional blockchain, it can supervise financial business faster and more accurately than the traditional audit process. For example, in the anti money laundering scenario, the balance and transaction records of each account are traceable, and any link of any transaction will not be out of the regulatory sight, which will greatly improve the anti money laundering efforts. Some insiders believe that blockchain 1.0 is mainly aimed at digital currency; Blockchain 2.0 is targeted at smart contracts and can be applied in the financial market; Blockchain 3.0 will be applicable to more scenarios and even create a "blockchain era".
 
        For example, the decentralized characteristics of blockchain technology are suitable for multi-party participation scenarios. If it is only unilateral or bilateral participation, it is not worth much. Since each node needs to check, the blockchain technology is not applicable to those high-frequency trading activities. The technology is not yet mature, so we should be vigilant against concept speculation. In particular, we should distinguish between technological innovation and fund-raising innovation. We should not block chain for the sake of blockchain. In recent years, the development ecology of blockchain has been gradually improved and enriched. People in the industry believe that with the support of national policies and extensive attention and financial support, blockchain technology can achieve gradual and stable progress. Although the upward prospect of blockchain technology is broad, we should keep a normal mind about it.
 
        "Despite the current blockchain boom, we still believe that it is still at a very early stage." Hu Danqing said that the concept of blockchain is not hot at present. It is not hot to use technology to solve practical problems, but hot to collect money and speculate on valuation. In particular, most of the so-called ICOS (initial token issuance) that are hot are innovation of fund-raising tools, and have nothing to do with technological innovation. "The blockchain technology is not yet mature, and the applicable scenarios are relatively limited. We should be more alert to the concept of speculation in the capital market." He Fei said that behind the blockchain boom, there are inevitably some companies that want to speculate with gimmicks. They do not really carry out business, but just try to make a profit in the capital market and leave. We should guard against the emergence of "bad money driving out good money", which will lead to the withdrawal of institutions that really want to carry out business from the market and affect the application of blockchain technology.
 
        Hu Danqing suggested that for the current blockchain craze, the regulatory authorities should more actively intervene, distinguish between technological innovation and fund-raising innovation, encourage government organizations, credible experts and industry participants to help the public identify, comprehensively curb the fund-raising innovation under the name of blockchain, and make the actual controller of ICO take responsibility for the fund-raising behavior. "The basis for judging whether it is technological innovation or fund-raising innovation is actually very clear, that is, whether it starts with trust and whether it creates practical value by solving trust problems.". Wang Jun believes that there is still room for optimization and improvement of core technologies of blockchain such as consensus algorithm; On the other hand, the processing efficiency of the blockchain is still difficult to meet the requirements of some high-frequency application environments in reality.
 
        At present, the mainstream blockchain technology platforms originate from abroad. Domestic blockchain technology service providers should patiently start from the bottom development, achieve technology independence and control, and strive to lead the development of global blockchain technology. Enterprises with blockchain application scenarios should actively embrace new things and scientifically assess the needs of the chain. They should not block chain for the sake of blockchain. He Fei believes that the government can introduce relevant policies to guide enterprises interested in the R & D and application of blockchain technology, and at the same time identify some suitable scenarios for blockchain applications and areas encouraged by the state. The white paper on China's blockchain technology and application development (2016) recommends that government authorities at all levels draw on the advanced practices of developed countries and regions, and in combination with the development of China's blockchain technology and application, promulgate support policies for blockchain technology and industrial development in a timely manner, focusing on supporting key technology breakthroughs, major demonstration projects, "innovation and entrepreneurship" platform construction, system solution research and development, and public service platform construction.
 
        At the same time, it is suggested that domestic key enterprises, scientific research, universities and user units strengthen their cooperation and speed up the research of core key technologies such as consensus mechanism, programmable contract, distributed storage and digital signature. (people's daily (February 26, 2018, version 17)). There is a profound inevitability behind the rapid development of blockchain. Since the birth of the Internet, the cost of information dissemination in human society has been greatly reduced, and the leap in information dissemination efficiency has brought great liberation of productivity. However, the current Internet also has its inherent defects. It is more concerned about the delivery of information than the ownership of information. There are problems such as "data streaking" and "information ownership".
 
        Some information has strong value attributes, such as remittance and transfer information. The transmission of these valuable information needs to rely on a third party to "escort". Therefore, the value transmission cost of information is still high. The birth of blockchain has brought the dawn of solving this problem. Because the blockchain is open and transparent, difficult to tamper with, and does not rely on intermediaries, the blockchain can realize safe, efficient, and low-cost value transmission. People are expected to build an Internet for value transmission based on the blockchain. In the value Internet, the cost of value transmission will be greatly reduced and the productivity will be greatly liberated again. The unique advantages of the blockchain, such as the confirmation and use of data and the efficient transmission of value, can be widely used in many industries, such as financial services, contracts, charity and public welfare, and the Internet of things. The blockchain will change the face of many industries in the future.
 
        We should not be so optimistic and eager. Since the birth of blockchain technology, although technological innovations and breakthroughs have emerged in an endless stream, large-scale application practices at the social level are still insufficient. The underlying technology of the blockchain is not mature and the infrastructure is not perfect. The situation has not been fundamentally improved. Second, in the existing system, value can only be transmitted within the same blockchain. Therefore, the seemingly lively blockchain practices have actually built more value islands, which is contrary to the beautiful vision of the blockchain "value Internet". However, the stage before the substantive breakthrough of the underlying technology of the blockchain is exactly a strategic opportunity period.
 
        We should deeply cultivate technology so as to be invincible in the future international blockchain competition through technological advantages. If you are anxious to build a castle on an unstable foundation, it is very
 
        
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