On October 31, Chen Chun, an academician of the Chinese Academy of Engineering, a professor at Zhejiang University who explained blockchain technology to senior officials, said at a media meeting that any good technology or tool needs to be used correctly in order to give full play to its maximum value, which puts forward higher requirements for block chain supervision. He also cites the public chain as an example. If harmful information is put on Ethernet at a low cost, block chains can easily be used to spread rumors and inflammatory information, all of which pose regulatory challenges.
（Picture Source:Sogou）
"Asset chain" is also a assumption of many blockchain practitioners. Because of the decentralized, untampered and other characteristics of the block chain, personal assets or companies can be financially linked, so that when dealing between people, companies no longer need so many complex accounting and legal procedures, as long as they look at the information on the chain. In addition, the high-level meeting also proposed to explore the application of "block chain" in the field of people's livelihood, and to promote the application of block chain in the fields of education, employment, pension, accurate poverty eradication, medical health, commodity security, food safety, public welfare, social assistance, and so on. Extensive response of Block chain Using it also requires an improvement in regulatory capacity.
Tencent, Ali, Baidu and other Internet companies have high hopes for blockchain applications, they have already laid out blockchain research and development, and unlike simple blockchain companies, they do not have the need to speculate on money. Alibaba, for example, has always wanted to use blockchain technology to solve the problem of cross-border payments. Alibaba's Ant Financial Services Group launched a blockchain-based e-wallet cross-border remittance service in Hong Kong in June 2019. Users who use the Hong Kong version of the payment AlipayHK can make cross-border remittances to the Philippine wallet Gcash through blockchain technology, which is provided by Standard Chartered Bank for liquidation and exchange. Change of service. At the time, a Filipino woman present tried the service, and the entire remittance took only three seconds, while traditional cross-border remittances took minutes or even days. At a time when blockchain technology is still controversial, Ant Financial Services Group CEO Jing Xiandong put forward the requirement of "doing three things without doing three things"-not to do "air coins", not to do technical applications that violate laws and regulations, and not to do any acts that harm the security and privacy of users' data. Ant Financial Services Group will only use blockchain technology to solve practical problems of social value and bring higher quality inclusive financial services to users. As you can imagine, these Internet companies will be reduced in the future. Many of these concerns come from regulatory concerns. If they can reconstruct a new business model with the help of blockchain technology, or have hundreds of millions of users use blockchains directly, by then, people will understand blockchains as if they understood QR codes, mobile payments, and moments.
On November 6, 2018, the official website of the people's Bank of China published a ten-character article entitled "what the blockchain can do, what can not do." one of the authors was Xu Zhong, then director of the Central Bank's Research Bureau. The article makes it clear that block chains have not been widely used in the decade since the advent of Bitcoin, with the exception of the issuance and trading of encrypted currencies. Without application scenarios, there is no personal experience, which is one of the reasons why many people still do not know what block chains are after reading a lot of reports about block chains. With the promotion of policy, it is possible to apply the technology in a scenario. There was an explosion.
Central bank digital currency is expected to be the biggest application scenario, this digital currency endorsed by national credit, will greatly reduce the cost of issuing legal coins. Compared with Alipay, WeChat and other payment methods, the central bank digital currency payment will also be simpler and more convenient, even in the absence of the Internet, you can easily pay on your mobile phone. At that time, around the central bank digital currency, is expected to form a new industrial ecology. In addition, Everbright Bank, Ping an Bank, Industrial and Commercial Bank, SUNING Bank and other commercial banks have announced that they have introduced blockchain into financial services. In the list of blockchain services filed by the Ministry of Industry and Information Technology, these The bank's blockchain services are on the list, but these businesses are not yet large and far from our lives.
"in 20 years, we'll talk about blockchains like we do on the Internet today." The metaphor of Mark Anderson, a Silicon Valley future prophet, partly explains the eagerness of today's discussion of blockchain. Since China joined the Internet in 1994, its influence has been deep, the transformation has been huge, and the dividend has attracted worldwide attention. This successful experience has provided a basis for us to further seriously examine, layout as soon as possible, and speed up the thinking and practice of the application of blockchain technology.
