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A. It’s 2021, what will be the development trend of my country’s blockchain technology in the future?

Domestic blockchain technology has been conceptualized a few years ago to now It has been widely used in actual business scenarios, such as the rice we eat, and the QR code on the packaging
Traceability is the application of blockchain technology. Companies like Shanghai Wanglian Technology entered the market earlier and are currently developing very well.

B. Huolian Technology and Zhejiang Jinfushui work together to explore the new application direction of "blockchain + industrial production"

Recently, Hainan Huolian Technology Co., Ltd. (hereinafter referred to as "Huolian") Chain Technology") and Zhejiang Jinfushui Digital Technology Co., Ltd. (hereinafter referred to as "Jinfushui Technology") have reached a strategic cooperation around blockchain technology to empower the ecological synthetic leather industry. Both parties will apply blockchain technology to the large-scale industrial Internet. Data integration and sharing enables comprehensive monitoring of industrial factors, intelligent analysis of industrial bottlenecks, and precise docking of industrial services, thus promoting the digital transformation and upgrading of synthetic leather enterprises and high-quality coordinated development of the industry.

Zhou Peng, executive director of Huolian Technology Research Institute, said that Huolian Technology and Jinfushui Technology are trying to create blockchain + industrial Internet for the first time, using blockchain technology to empower digital upgrades in the industrial field. , in the field of eco-synthetic leather industry, help build a global industrial cluster IP and form the brain of the global eco-synthetic leather industry.

Lishui Ecological Synthetic Leather Industry Brain makes full use of the trusted computing and decentralization advantages of blockchain technology, based on the HuoChain underlying blockchain system independently developed by HuoChain Technology, to comprehensively integrate the industrial chain and supply chain. chain, capital chain, and innovation chain, integrating enterprise-side and government-side data on the chain, connecting the design ideas of the production side and the consumer side, and building to provide digital empowerment for enterprise production and operation, digital services for industrial ecological construction, and digital economic governance. It is an integrated and open empowerment platform that focuses on promoting industrial quality change, efficiency change, and power change.

The cooperation between Huolian Technology and Jinfushui Technology adds new impetus to the development of the ecological synthetic leather industry. It is reported that as an enterprise focused on the development and construction of the blockchain industry ecology, Huolian Technology is deeply involved in the integration of industry, academia and research and application of blockchain. It is engaged in the formulation of blockchain industry standards, product technology research and development, empowering the real economy, education and training systems, and ecology. It has made great achievements in industrial construction and other aspects.

At the same time, Jinfushui Technology, as a leading domestic chemical trading company, is responsible for the industrial ecological digital platform operating company jointly created by China's top 500 companies Huafeng Group, Lishui Economic Development Zone, and IBM Global Business Consulting Team Operates a fashion industrial Internet platform, focusing on building, replenishing, and strengthening chains for ecological textile fabrics; at the same time, it uses digital technology to provide the industrial chain with modernization such as big data, cloud computing, blockchain, industrial Internet, industrial chain finance, and industrial brains. Serve. With "environmental protection"", "New Materials" and "Industrial Upgrading" are the themes. Through the innovation of industrial Internet platform formats, we will accelerate the high-quality development of the dual cycle of the industry. Based on the digital economic technology platform, we will deeply integrate the industrial ecology and lead the industrial digital reform. The total investment of the project It is about 4.5 billion yuan. Once completed and put into operation, the output value will exceed 10 billion yuan.

It is reported that in July 2021, the ecological synthetic leather industry brain operated by Jinfushui Technology was selected into the first batch of industry industries in Zhejiang Province The brain construction pilot "unveiled the list" project list, which marks the digital reform of the ecological synthetic leather industry in Lishui Economic and Technological Development Zone has reached a new level.

This in-depth cooperation between the two parties has given full play to the role of blockchain technology in The huge advantages of the development of the industrial brain field use blockchain technology to provide multi-dimensional economic data support for Jinfushui Technology, provide digital empowerment for the production and operation of synthetic leather enterprises, provide digital services for industrial clusters, and provide digital means for economic governance. .

"Next, Huolian Technology will join hands with Jinfushui Technology to continue to deeply explore the construction of an 'industrial brain' production model based on blockchain technology, fully rely on and give full play to their respective advantages, and promote the development of blockchain technology." The combination and innovation of chain industry and industrial manufacturing in a wider dimension and deeper level. "Zhou Peng said that in the future, blockchain technology will be further applied to industrial production, stimulate the economic potential of the manufacturing industry, and help the industry gradually realize the transformation to digitalization, informatization, and intelligence, thus promoting the development of more blockchain + applications. Implementation.

C. The Hainan Free Trade Port policy and institutional framework has been initially established. What are the contents?

On April 12, the State Council Information Office held a press conference. The National Development and Reform Commission, The Ministry of Finance, the Ministry of Commerce and relevant departments of Hainan Province introduced the progress of the Hainan Free Trade Port policy and system construction. In terms of trade and investment, China has established a zero-tariff system for goods, introduced a negative list for foreign investment, and introduced measures to relax market access. Special measures. Financial support policies, promote the establishment of financial policies and institutional frameworks compatible with Hainan Province’s free trade ports, improve RMB convertibility, promote cross-border trade in goods and services and new international trade settlements. In terms of preferential tax policies , we have formulated and implemented two preferential policies of "15%": encouraging corporate income tax and income tax for urgently needed talents. Foreign direct investment enterprises are exempt from corporate income tax. In terms of transportation service policies, we have established a convenient and efficient ship registration system and opened the seventh Secondary passenger and cargo intermodal transport channels will improve the international port level of Boao Airport.

For example, in the field of service trade, foreign institutions are clearly allowed to use the terms "China", "China" and "National" , holding foreign-related economic and technological exhibitions under names other than "country". For example, approving Hainan international navigation bonded refueling, including HainanEntering the second-hand car export business. Support Hainan to develop new overseas international trade, digital trade, technology trade, cultural trade and exhibition economy. According to reports, the document has been approved by the State Council and will be released in the near future. The Ministry of Commerce of China will work with relevant departments to further strengthen support and accelerate the process of trade liberalization and facilitation in the Hainan Free Trade Zone.

D. Hainan has introduced policies and measures to accelerate the development of the blockchain industry

Hainan Provincial Blockchain Association launched a "100,000,000,000" plan on the 17th to assist the construction of "Chain Hainan" , designed to respond to the "Notice on Several Policies and Measures to Accelerate the Development of the Blockchain Industry in Hainan Province."
The Hainan Provincial Blockchain Association received approval from the Hainan Provincial Department of Civil Affairs on December 2, 2019. It is one of the few provincial-level blockchain associations in the country. The association is led by Tianya Community, one of the earliest Internet companies in China to lay out innovative applications of blockchain, and has attracted dozens of domestic and foreign blockchain companies to participate. Its members include Internet companies, blockchain companies, scientific research institutes, think tanks and institutions. Various entities in the industry including professional media. The main responsibilities of the association are industry research, technology research and development, policy recommendations, standards and specifications, technical cooperation, entrepreneurship incubation and guiding members to exercise self-discipline.
Xing Ming, president of the association and chairman of Tianya Community, said that as a bridge connecting the government and industry, the association relies on the advantages of Hainan Free Trade Port to aggregate the strengths of all parties in the blockchain industry to build Hainan into a district. The association has made contributions to the innovation and application of the blockchain industry. After its establishment, the association has cooperated with the policy research of relevant industry authorities on many occasions.
Hu Chao, vice president of Ouke Cloud Chain Group and executive vice president of the Provincial Blockchain Association, the lead initiator of the "Chain Hainan" construction of "10, 100,000,000" plan, said that the plan is based on relevant government policies, A systematic project launched based on the functions of the association, aiming to create a "Hainan benchmark" and "Hainan model" in the new wave of blockchain technology innovation and industrial implementation.
"Ge Shi Bai Wan" consists of the following parts: "Ge" refers to the underlying technology platform that creates several public chains and alliance chains through self-construction, investment promotion, cooperation, etc. by association members. This is Infrastructure for blockchain development. Tianya Community, the leading unit of the provincial association, is already exploring the construction of a blockchain public service platform. The blockchain-based Tianya Points (TYT) are developing into a cross-border tourism general points, which can be used for food, accommodation, transportation, travel, shopping, and entertainment. .
"Ten" refers to the association cooperating with all walks of life to organize ten high-level international blockchain conferences to create a good industrial atmosphere. "Hundred" refers to assisting relevant departments in attracting "hundred" well-known enterprises in the blockchain industry to settle in Hainan. "Thousands" refers to the association assisting enterprises in transforming blockchain technology into "thousands" of practical applications in Hainan. "Ten thousand" means that the association will coordinate resources from blockchain industry experts, think tanks, scientific research institutions, media, etc., organize multi-level blockchain talent training, and connect "ten thousand" blockchain industry talents to Hainan.
Xing Ming said that the association not only serves Hainan, but also plans to form an alliance to bring together the advantages of all members to provide services to the whole world.Provide services all over the country and even the world to build Hainan into a blockchain industry highland.

E. Hainan’s “14th Five-Year Plan” recommendations: Support the development of real estate investment trust funds

On December 8, the “Hainan Provincial Committee of the Communist Party of China’s Committee on the 10th National Economic and Social Development Plan” Proposals for the Four Five-Year Plans and Long-term Goals for 2035" (referred to as the "Recommendations") were released. The "Recommendations" clarify the guiding principles and main goals for economic and social development during the "14th Five-Year Plan" period and the long-term goals for 2035.
In actively promoting high-quality development and building a modern economic system during the "14th Five-Year Plan" period, the "Recommendations" propose to innovatively develop real estate investment trust funds (REITs), promote the pilot application of legal digital currencies, and cultivate and create "blockchain +Finance" industrial cluster to promote the implementation of the "Regulatory Sandbox" pilot.
In June this year, the Central Committee of the Communist Party of China and the State Council issued the "Overall Plan for the Construction of Hainan Free Trade Port". The "Plan" also mentioned that it will support the innovation and standardized development of housing rental financial business and support the development of real estate investment trust funds (REITs). . Steadily expand various forms of industrial financing channels and relax the scope of capital use by foreign-funded enterprises.
The "Recommendations" also mentioned that we should vigorously expand cruise routes and promote the construction of cruise tourism pilot zones and yacht industry reform and development innovation pilot zones. Accelerate the construction of Sanya cruise home port. Attract a number of large-scale theme tourist parks to settle in Hainan and arrange them rationally. Accelerate the construction of tourism infrastructure such as tourist roads around the island, build a digital information platform that meets the needs of international tourism consumption, improve the supply level of the six major elements of "food, accommodation, travel, shopping and entertainment", develop specialty tourism products, and comprehensively promote the standardization of foreign language signs and signage in public places. Standardize construction and create a high-level tourism service support system.
The "Recommendation" proposes to establish a mechanism to revitalize idle houses and support the development of vacation and health-care B&Bs. Benchmark international first-class tourism service standards and vigorously improve the quality and level of tourism services. Improve the national tourism service awareness and the service skills of tourism practitioners. Improve the tourism service management mechanism of joint management, coordination and interaction, and establish a tourism satisfaction survey and evaluation mechanism.
The "Recommendations" show that during the "Thirteenth Five-Year Plan" period, Hainan Province's investment structure has been continuously optimized, with non-real estate investment accounting for more than 50%. People's living standards continue to improve, and the real estate market maintains stable and healthy development.
As for the main goals of the real estate market during the "14th Five-Year Plan" period, the "Recommendations" propose to improve the multi-level housing security and supply system. Adhere to the positioning of "housing for living, not speculation", promote both rental and purchase, and implement city-specific policies to promote the stable and healthy development of the real estate market. Accelerate the construction of various housing types such as affordable commercial housing, public rental housing, market rental housing, and talent housing to effectively meet the basic housing needs of local residents and introduced talents. Promote the transformation and development of commercial real estate, tourism real estate, commercial real estate, industrial real estate and other encouraged real estate.

F. What is the prospect of blockchain content?

Analysis of China’s blockchain industry expenditure scale and application prospects in 2018. It will be close to 300 million in 2019U.S. dollar, solve shortcomings and promote economic development

Blockchain technology is expected to be widely used in the economic field

Blockchain technology is important for cultivating new drivers of economic growth, building an honest society, improving the level of management technology, and easing the The difficulty in financing small and medium-sized enterprises has strong practical significance and is expected to be widely used in the economic field. At present, the application of blockchain technology is still in the early stage of development and faces many challenges. We must actively promote the application of blockchain in multiple fields, scenarios and environments of the economy and society, create a good industrial development environment, improve the quality of development, and strengthen Blockchain core technology research and development, professional application demonstration, strengthening standard manufacturing, talent training and the construction of public service platforms.

China’s blockchain market expenditure will be close to US$300 million in 2019

According to the “In-depth Analysis Report on Business Model Innovation and Investment Opportunities in China’s Blockchain Industry” released by the Qianzhan Industry Research Institute 》Statistics show that as of 2017, China’s blockchain market expenditure was only US$83 million. In 2018, China’s blockchain market expenditure will reach US$160 million. It is also predicted that China’s blockchain market spending will be close to US$300 million in 2019. At this stage, the overall market size of blockchain is small. This is because most of the blockchain projects on the market are in the experimental stage and the investment is not large. On the other hand, many companies have realized the potential of blockchain and plan to increase their budgets in the future. Affected by this, China's blockchain market will usher in rapid growth, with market expenditures expected to reach US$1.95 billion in 2023. The average annual compound growth rate from 2019 to 2023 is 60.51%.

Statistics and forecasts of China’s blockchain market expenditure from 2017 to 2023

Data source: Compiled by Qianzhan Industry Research Institute

Analysis of unfavorable factors for the development of China’s blockchain

1. The technology is not mature enough. At present, blockchain technology is not yet mature in terms of system stability, application security, and business models, and cannot meet the requirements of "high efficiency and low energy", "decentralization" and "security" at the same time. First, performance issues. The transaction throughput that can be carried out on the blockchain is not high, and the current block capacity is very small, which leads to network congestion and high-frequency business needs are difficult to meet. Many projects are also working on optimization, but they are far from real scenarios such as banks. There is still a certain distance between the transaction throughput of , stock exchanges, etc. Second, there is the issue of consensus mechanism. In terms of energy consumption, consensus algorithms such as workload proof consume a lot of energy and cost, causing the blockchain to waste a lot of computing power and matching power across the entire network. In terms of types, the current blockchain consensus mechanisms are too few in type and will be diversified in the future. In business scenarios, a richer consensus mechanism is inevitably needed to adapt. Third, security issues. Issues such as privacy protection, harmful information on-chain, smart contract vulnerabilities, consensus mechanism and private key protection, computing power attacks, cryptographic algorithm security, etc. all make the blockchain face a severe situation of platform security and application security. Fourth, database issues. Unlike traditional databases, blockchain applications requireA large number of write operations, HASH calculations and verification operations, and a database system specifically for blockchain are still difficult points that need to be overcome.

2. The application scenario is unclear

Currently, the blockchain project is still in the exploratory stage, and no specific implementation scenario can be found. At present, promising areas include finance, sharing economy, Internet of Things, public services, etc. However, judging from the maturity of existing blockchain technology, there are still many problems in blockchain applications, and there is still a gap between actual use. First, the immaturity of blockchain technology has restricted commercial applications. Although there are currently many types of core blockchain technologies such as privacy protection algorithms and consensus mechanisms, they are generally not commercially available. Secondly, the application model of blockchain is still being explored, and the "irreplaceable" advantages of blockchain have not yet been realized. The blockchain itself represents a consensus system, and a consensus system that conforms to the corresponding business scenario should be built from a higher level, not just "business + blockchain". China has a large number of users, complex business scenarios, and any commercial product will involve a very large traffic and population, and the current blockchain technology cannot satisfy it.

3. Scarcity of professional talents

Blockchain technology is a multi-disciplinary and cross-field technology, which mainly involves operating systems, network communications, cryptography, mathematics, and finance. , production, etc., but currently our country still has shortcomings in interdisciplinary fields and fields, and the supply of talents in related fields is seriously insufficient. On the one hand, there is a huge gap in R&D technical talents. Blockchain technology research and development mainly focuses on programming languages ​​​​such as Go, Javascript, C and C+, and new smart contracts use new functional programming languages ​​​​such as Haskell, Ocaml, and Rholang. There is a huge gap in China's talent market for technical talents with senior R&D experience in relevant languages. On the other hand, there is a lack of design talent at the bottom level. Different from R&D technical talents, blockchain underlying system architecture design talents must master multiple cross-disciplinary professional skills. They must not only have an in-depth understanding of the underlying design principles of blockchain and have experience in the design of various system architectures, but also master the business logic of specific application scenarios. . Although some colleges and universities have launched cross-disciplinary education and blockchain-specific technical disciplines, professional talents are still very scarce.

Analysis of favorable factors for the development of China’s blockchain

1. Favorable policies promote development. In January 2017, the Ministry of Industry and Information Technology released the "Software and Information Technology Service Industry Development Plan (2016-2020)", which proposed requirements for innovation in blockchain and other fields to reach international advanced levels. In August 2017, the State Council issued the "Guiding Opinions on Further Expanding and Upgrading Information Consumption to Continuously Release the Potential of Domestic Demand" and proposed to carry out pilot applications based on new technologies such as blockchain and artificial intelligence. In October 2017, the State Council issued the "Guiding Opinions on Actively Promoting Supply Chain Innovation and Application" proposing to study and use emerging technologies such as blockchain and artificial intelligence to establish a credit evaluation mechanism based on the supply chain.

March 2018, the Ministry of Industry and Information Technology issued the "Key Points of the Standardization Work of the Informatization and Software Service Industry in 2018", proposing to promote the establishment of the National Informatization and Industrialization Integrated Management Standardization Technical Committee and the National Blockchain and Distributed Accounting Technology Standardization Committee. In June 2018, the Ministry of Industry and Information Technology issued the "Industrial Internet Development Action Plan (2018-2020)" to encourage and promote the application research of emerging cutting-edge technologies such as edge computing, deep learning, and blockchain in the Industrial Internet.

Since blockchain was first included in the "Thirteenth Five-Year Plan" National Informatization Plan in 2016, blockchain has increasingly received attention and attention from the national government. Beijing, Shanghai, Guangdong, Hebei, Twenty-four provinces, cities or regions including Jiangsu, Shandong, Guizhou, Gansu and Hainan have launched dividend policies, carried out the layout of the blockchain industry chain, and actively explored industry applications based on blockchain.

2. The blockchain industry is gradually taking shape

At present, my country’s blockchain technology continues to innovate, and the blockchain industry is gradually taking shape, starting in supply chain finance, credit reporting, and product traceability. , copyright transactions, digital identity, electronic evidence and other fields, it is expected to promote technological change, organizational change and efficiency change in our country's economic system, making important contributions to building a modern economic system. With the continuous influx of entrepreneurs and capital, the number of enterprises has increased rapidly. Blockchain applications will accelerate the implementation, promote high-quality development of traditional industries, accelerate industrial transformation and upgrading, use blockchain technology to "reduce costs" and "increase efficiency" for the real economy, and promote the standardized development of traditional industries. In addition, blockchain technology is evolving into new business formats and becoming a new driving force for economic development. Blockchain technology is promoting a new round of business model changes and becoming an important support for building an honest social system.

3. Broad application prospects in the future

In the past, the circulation of physical banknotes was difficult to trace, but with the application of blockchain technology, the flow of all digital assets can be traced There will be "chains" to check. For example, in the financial field, blockchain is expected to solve the pain points and difficulties in the payment field, reduce the complexity of transactions, increase the end-to-end speed of transactions, reduce communication costs during transactions, and improve the transparency and non-tamperability of transaction records. The cost of reconciliation, clearing, and settlement between financial institutions, especially cross-border financial institutions, has always been high, and there are complex manual processes. Blockchain technology has data that cannot be tampered with and is traceable, and its application can help reduce financial costs. The cost of reconciliation and dispute resolution between institutions can significantly improve the processing speed and efficiency of payment business, and also make small-amount cross-border payments possible. In addition, the application of blockchain will also extend to many fields such as medical health, education, charity, social management, etc. The market prospects are very broad.