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㈠ What is the future prospect of the blockchain industry?

Five major aspects of the growth potential of the blockchain industry promote the healthy development of technology

Basic overview analysis of blockchain

< p>Blockchain technology, as a technical solution for collectively maintaining a reliable database in a decentralized manner, has the characteristics of decentralization, tamper-proof, and high scalability. It is becoming an emerging technology after big data, cloud computing, artificial intelligence, After virtual reality and other technologies, it is another emerging technology that will have a major impact on the future and is expected to promote mankind from the information Internet era to the value Internet era.

The United States, Japan and some countries and regions in the European Union have elevated the development of blockchain to an important national development strategy and vigorously promoted the research and development, application and promotion of blockchain technology. Our country also attaches great importance to blockchain technology innovation and industrial development. With the joint participation of IT and other companies, a large number of new companies, new products, new models, and new applications have emerged. Blockchain has been widely used in finance, government affairs, energy, and medical care. Applications in other industries are gradually unfolding, and it is becoming an important force driving technological product innovation and industrial transformation in various industries.

Blockchain development is divided into three stages, namely Blockchain 1.0 represented by Bitcoin and related financial infrastructure applications, and Blockchain 2.0 represented by smart contracts. , is currently gradually moving towards the blockchain 3.0 stage, which is based on blockchain technology and has in-depth application of more complex smart contracts.

Statistical analysis of blockchain investment and financing in the first half of the year

Since 2016, the frequency and amount of investment and financing in my country’s blockchain field have increased dramatically. According to statistics from the "In-depth Analysis Report on Business Model Innovation and Investment Opportunities in the Blockchain Industry" released by the Qianzhan Industry Research Institute, in the first half of 2018, the financing amount in the blockchain field was approximately 10.7 billion, a year-on-year growth rate of 1,426 billion compared with the same period in 2017. %; The number of investment and financing events in the blockchain field reached 205. It is expected that investment in the blockchain field will usher in another peak this year.

From the perspective of the distribution of investment and financing rounds in China’s blockchain field, early-stage investment rounds (before Series B) account for more than 95%. Many industry pioneers participate in the investment, and most companies are still in the process of investing. Horse racing and enclosure.

Blockchain investment and financing statistics and growth from 2014 to the first half of 2018

Data source: Compiled by Qianzhan Industry Research Institute

my country attaches great importance to the development and application of blockchain technology. Driven by multiple forces such as policy, technology, and market, the pace of blockchain innovation continues to accelerate, and it is deeply integrated with technologies such as cloud computing, big data, and the Internet of Things. The scope of explored applications has also expanded from digital assets to supply chain management, intelligent manufacturing, Expand and expand in more fields such as industrial Internet, social welfare, copyright protection, etc.

Five major aspects strive to promote the healthy development of blockchain technology and promote the high-quality development of the digital economy

1. In-depth research and grasp of blockchain technology and industry development trends. Pay close attention to the latest trends in international development and jointly promoteResearch on blockchain-related technologies and industries, promote the standardization of blockchain development industry behavior, and create a good development environment.

2. Strengthen the construction of core technical capabilities of blockchain.

Establish and improve a collaborative promotion mechanism among key enterprises, universities, and research institutions, guide IT enterprises to strengthen technical reserves, accelerate breakthroughs in key core technologies, and improve blockchain performance, efficiency, and security.

3. Support entrepreneurship and innovation in the field of blockchain

Encourage blockchain enterprises and user units to carry out cross-border integration, guide industry organizations to establish public service platforms, and support third-party institutions Carry out blockchain service evaluation and testing, promote rich industry applications of blockchain, and serve the transformation and upgrading of the real economy.

4. Actively build and improve the blockchain standard system

Accelerate the development and application promotion of key standards, and gradually build a complete standard system. Actively connect with international standards organizations such as ITU and ISO, substantially participate in more international standardization work, and actively contribute more "Chinese power."

5. Accelerate the improvement of the policy environment for blockchain development

Support qualified enterprises to carry out application innovation and model innovation, guide and encourage enterprises, universities and scientific research institutes to jointly cultivate blockchain Professional talents needed for chain development. Support qualified blockchain companies to enjoy the country’s preferential tax policies that support the development of the software industry and small and medium-sized enterprises.

The industry is small but has huge growth potential

The blockchain economy is currently on the eve of an explosion. It is widely used in the financial industry, and applications in other industries have also entered the exploration and research and development stage. It is expected that the direct market value of blockchain will increase from US$410 million to US$7.68 billion between 2017 and 2022, with a compound annual growth rate of 79.6%. It is expected that various blockchain-based extended businesses will reach US$100 billion in 2020.

Industrial application fields continue to expand

The financial industry is the first to apply blockchain technology, and many financial applications have been implemented; the medical industry is an important area of ​​blockchain application and can be more It is good to protect privacy and improve service quality and management efficiency; the demand for blockchain in social forensics is rising rapidly to solve certification problems caused by information asymmetry; the application of blockchain technology in other fields such as communications and supply chain is rapidly expanding .

㈡ What is blockchain technology and how does it change business and financial models

What is blockchain technology and how does it change business and financial models? Joining the EU and NATO is just a cake-cake given by the West to satisfy hunger. In fact, at least in the current conflict between Russia and Ukraine, and before Russia and Ukraine fail to completely resolve the border issue, the dreams of the EU and NATO are just a dream for Ukraine! In Zhuang Ci's view, the positioning of basic subject research centers should be high enough and can be built on the basis of research institutes or universities with good foundations. The government should provide sufficient and stable support funds. An ideal operating model is to follow the example of Japan. "World's Top International Research Center (WPI)" planDraw.

㈢ How blockchain empowers digital city construction | Blockchain classroom

Cities are actively embracing digital technologies such as blockchain, Internet of Things, and artificial intelligence to accelerate urban economy growth, improving the quality of urban life and environmental sustainability. The digital transformation of cities also provides a good experimental field for the value mining and application of blockchain technology.

The construction of a digital city not only requires city-wide coverage of connected devices, but also needs to consider the collection of full-process data and automation of decision-making. The data on the blockchain has the advantages of being difficult to tamper with, safe and trustworthy, and can help the construction of digital cities in the following aspects:

The blockchain adopts a distributed storage structure, so each node in the system All data on the system is stored, making the data open, transparent and easy to manage. At the same time, cryptographic technologies such as privacy computing integrated in the blockchain can achieve safe sharing of data without leaking data privacy, or by setting access permissions, authorized nodes can obtain corresponding data to ensure data security.

Thanks to the distributed network structure, even if a single or a small number of nodes fail, the entire blockchain network can still operate normally, greatly reducing the risk of system failure due to network attacks or technical problems. Compared with traditional cities, digital cities rely more on technology. Improving system stability will also help maintain the normal operation of digital city life.


Digital city innovation case empowered by blockchain

Dubai’s digital city project integrates blockchain, Internet of Things, artificial intelligence Smart and other new digital technologies are committed to making Dubai "the happiest city in the world".

A major innovation in Dubai Digital City is to strive to realize the on-chain operation and management of all government data transactions in 2021, and realize the electronicization of an average of 100 million paper-based processes per year. This blockchain-enabled digital reform is expected to save process management costs worth US$1.5 billion, save 25 million hours of process processing time, and reduce 114 million tons of carbon emissions. In addition, the Dubai government is actively cooperating with many blockchain companies, focusing on key areas and implementing multiple blockchain application cases.

The European Commission also recognized the importance of blockchain in reforming government services, and established the European Blockchain Partnership in 2018, covering local law enforcement agencies, national governments and the private sector in Europe. enterprise. The Commissioner of the European Commission’s Department of Digital Economy and Society is also confident in the value of blockchain technology in digital city construction and stated: “We believe that all public services in the future will be built on the infrastructure of blockchain.”

For example, the government of South Tyrol in Italy has used blockchain technology to digitize citizen data. residentYou only need to register your basic personal information once to enjoy services provided by different government departments, streamline government affairs processing procedures, reduce costs and increase efficiency.

At the same time, based on blockchain technology, Estonia has built a national health information electronic system. Through this blockchain platform, doctors can easily query patients' blood tests, recent treatments, X-ray examinations and other related data with authorization. Patients can also clearly check their medical records, prescriptions issued by doctors and other information. The characteristics of data on the blockchain, such as being difficult to tamper with and fully traceable, can ensure the security and integrity of the data on the platform.

Wanxiang Blockchain has also begun active exploration in blockchain-enabled digital city construction, using blockchain to integrate new digital technologies such as the Internet of Things and artificial intelligence to build a safe and trustworthy digital base. And through technologies such as private computing, knowledge graphs, digital twins, and distributed business incentives, we can manage production and life in a more refined and dynamic way, forming a smart, low-carbon, and comfortable resilient city with technology integration, comprehensive application, and high-end development. Help build a harmonious urban ecology with economic prosperity, job happiness, and sustainable development.

Wanxiang Blockchain is committed to building a digital city that “truly understands you”. Through the integration of blockchain and new technologies, a trusted digital base is built to allow every resident to have an exclusive digital avatar. Truly gain data sovereignty and enjoy a safe and comfortable urban life without having your privacy protected from prying eyes.

㈣ OCT (OCT): Connecting the world with blockchain

Tianyu has written a series of articles on OCT before. This time Tianyu changed the template for project analysis. Let’s talk about the European chain again.

First, EuroChain is the world’s first basic application that directly meets the needs of the blockchain ecological Oracle (oracle)
Second, EuroChain is a decentralized multi-blockchain The Oracle technology platform uses its own PoRD mechanism to introduce real-world data into the blockchain and use this as infrastructure to provide services for other blockchain applications.
Third, Oulian will provide Oracle services for real-world data within the blockchain, and can also provide Oracle services for cross-chain data.
Fourth, in addition to realizing the functions of prediction market applications such as Augur and Gnosis, OracleChain can also support smart contract businesses that require higher frequency access to off-chain data, such as smart investment advisory and other scenarios.
Fifth, EuroChain will change the current development model of blockchain applications, establish a new ecosystem, and serve blockchain applications that can truly change the real world.

At present, most dapps are limited to their own data closed-loop mechanism. People generate data within this chain.data, consumption data. For smart contracts that are determined to serve real life, off-chain data must be obtained to trigger logical judgments. Therefore, such as decentralized trading market systems, decentralized insurance systems, various prediction market systems, instant compensation systems for delayed flights, etc., all need to use Oracle oracles to obtain real data to execute smart contracts.

Then OracleChain recreates a pair of wings based on the underlying foundation of the blockchain. It bridges the data gap between the real world and the blockchain world by providing off-chain data for blockchain applications and breaks the boundaries between different areas. The data gap between blockchain applications makes the blockchain society more dynamic and creates more rich possibilities.

**Zhao Wei (Harvey Laolang): CEO **
Tan Zhiyong: Chief Scientist
Song Chenggen: CTO

The three founders of Oulian are all from He has technical PhDs from different universities around the world, has participated in multiple blockchain projects, and has rich experience in the blockchain industry. Members of the EuroChain team participated in the formulation of the Ministry of Industry and Information Technology’s blockchain standards and are very high-ranking standard drafters, reflecting EuroChain’s technical influence in the blockchain field. Today’s blockchain technology talents are hard to find, and the strength of the Ouluchain team is definitely among the best in the country.

PoRD double-effect mechanism

Turing-complete smart contracts and consensus algorithms can be trusted. By introducing data from the physical world into the blockchain, and by introducing the original PoRD, the reward and punishment mechanism of data value removes the authoritative control of data by the government or central agencies, allowing ordinary institutions and individuals who own data to monetize the data.

The European Chain project launched R&D and project ICO in June 2017, and released the Demo version in December 2017. The official commercial launch needs to wait for the release of EOS. EuroChain’s first application prediction market was launched in June 2018.

Strong technical strength

Built on EOS to meet large-scale commercial needs

PoRD double-effect mechanism

Slightly insufficient marketing capabilities< /p>

There are fewer online exchanges

The DAPP project party has not purchased a large amount

The DAPP project party needs to use OCT tokens to purchase the data services of the European chain. First, it is currently doing There are not many prediction market projects. Secondly, there are fewer prediction projects based on EOS, so the popularity is not high.

I am optimistic about OCT because I am betting on the future of EOS. OCT can be regarded as the Oracle of the eos ecosystem, providing data for all networks in the eos ecosystem. This is an item that is biased towards the underlying itemAt present, if you compare Oracle's market value of more than 200 billion US dollars, you will know how big the market potential of OCT is. At the same time, because there are few exchanges, OCT's liquidity has not been released. Therefore, it is seriously underestimated. At the same time, OCT founder Lao Lang is also a technical expert. Lao Mao once said that if there are 5 people in China who can engage in the development of underlying blockchain technology, Lao Lang will definitely be one of them. Therefore, no matter from the positioning market of the project, to the team founder, to the project to the valuation, OCT is a seriously underestimated value currency.

㈤ Does blockchain have international standards for data security?

Yes, the integration technology standard P3227 of "blockchain + federated computing" led by Qulian Technology "Standard for a Reference Framework of Data Security Circulation System Based on Blockchain and Federated Computation" was officially adopted at the IEEE Standards Association Standards Board (IEEE SASB) conference.

㈥ Will the regional chain be a "new continent" with multiple layouts?

Every new thing is like a "new continent", containing opportunities. Although the development of blockchain is still in its early stages, both international and domestic, governments and markets have taken frequent actions.

Investing in the future has always been a consistent feature of large domestic Internet companies. In terms of blockchain, Tencent has explored areas such as supply chain finance and digital asset protection; Alibaba and JD.com have focused on transparent supply chain systems to combat counterfeit and shoddy products...

“Blockchain is just a The technology itself is not mysterious, and its value can only be reflected when it is truly implemented in industrial scenarios. The important factor that determines the future of blockchain is the degree of integration with the real economy. It depends on how much it can improve the industrial integrity development environment. For the real What problem does the economy solve?" Yu Jianing said.

㈦ Complex Beauty was selected into the European Patent Office's "Blockchain Patent Report" and ranked among the top ten in the world in terms of number of patent applications

33 Complex Beauty's number of blockchain patent applications has once again received international recognition. The "European Patent Office", one of the world's five largest intellectual property offices, released the "Blockchain Patent Report" at the Blockchain Patent Conference in The Hague, Netherlands, on December 4, 2018, applying for patents on the global enterprise blockchain In the ranking list, Complex Beauty ranks tenth, with 36 patent applications.

In the "Blockchain Patent Report", a total of four Chinese companies were selected. In addition to Complex Midea, they also include Alibaba, BOE and China Unicom. Complex Midea is the only start-up, which shows that Complex Midea is The innovative energy has been on par with large companies and has been recognized by the European Patent Office.

Complex Beauty applied for the first blockchain invention patent in 2014: wallet retrieval function, and was authorized in early 2018. In 2015, it developed a multi-signature, POS mobile light wallet; in November 2015, it was officially invited by the government to demonstrate the area Blockchain Clearinghouse. Complex Beauty has applied for nearly 200 blockchain invention patents, of which 3 have been authorized and 39 have been made public, ranking among the top 10 in the world. The patents authorized by Complexmei include cryptocurrency wallets that can predict wallet payment or retrieval, voting on the blockchain, and CA certificate management methods.

The European Patent Office (EPO) is one of the five largest intellectual property offices in the world, alongside the United States Patent and Trademark Office, Japan Patent Office, Korean Patent Office and China State Intellectual Property Office. It is an intergovernmental organization formally established on October 7, 1977 in accordance with the European Patent Convention. Its main function is to be responsible for patent approval in Europe.

The Bureau currently has 38 member states, covering the entire EU region and 10 countries outside the EU. The early 19 countries were: Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Liechtenstein, Luxembourg, Monaco, Netherlands, Portugal, Sweden, Switzerland, Spain, United Kingdom, Cyprus, Finland. The Bureau's work locations are located in four cities: Munich in Germany, The Hague in the Netherlands, Vienna in Austria, and Berlin in Germany. The main body of the Bureau and most of its staff are concentrated in Munich and The Hague, with 1,830 people in Munich and 1,681 in The Hague.

The European Patent Office is one of the strongest and most modern patent offices in the world. It has the most complete patent literature resources in the world, an advanced patent information retrieval system and rich patent examination, appeal and Experience in legal research.

Founded in 2008, Complex Beauty currently has more than 200 employees. It is headquartered in Hangzhou and has branches in Nanjing and Shanghai. The company has won the 2016 China Top Ten Blockchain List, 2017 China Blockchain Industry Advanced Group Award. In September 2017, the "Complex Midea Blockchain Supply Chain Financial Service Platform" became the first batch of products to pass the China Academy of Information and Communications Technology-Trusted Blockchain pre-test, and the "Midea Financial Blockchain Bill Trading Platform" jointly developed by the company was rated It is an excellent application case for trusted blockchain-finance.

Complex Beauty has officially launched blockchain projects for many of the world's top 500 companies, including Haixia Horizon, electric power giants and electrical appliance giants. Other cooperative units include Xiaomi, JD.com, Microsoft, Huawei, People's Electrical Appliances, Zheshang International, SAIC Motor, Hangzhou Internet Court, etc.

Now has the completely independently developed Chain 33 blockchain underlying technology, supply chain accounts receivable transfer (enterprise IOU), commodity on-chain, points, supply chain management, Internet of Things plus blockchain Traceability, certificate deposit, wallet,Mature products such as blockchain exchanges.

㈧ How is the blockchain industry? Does it still have development advantages?

What is the development trend of blockchain technology?
Trend 1: Blockchain technology is constantly iteratively updated, and is developing in the direction of great integration
Trend 2: Blockchain structures are diversified and connected with real-world values. Blockchain has developed to the present, and the data structure and system architecture have evolved.
Trend 3: The development process of the blockchain industry is accelerating, and it has entered the main theme of moving from virtuality to reality
Blockchain 1.0 is digital currency, 2.0 is smart contract, and 3.0 is large-scale commercial application. The fog chain is one of the development trends in the blockchain 3.0 era.
The blockchain 1.0 era is an A to B transfer system represented by Bitcoin;
The blockchain 2.0 era is a simple smart contract system represented by Ethereum&rd;
The blockchain 3.0 era is an era of real application scenarios with high circulation and strong application represented by the fog chain! The innovative mechanism of Wulian Chain will lead the blockchain 3.0 era!
Trend 4: Blockchain application scenarios are becoming increasingly complex, and cross-chain interconnection is becoming more important
Trend 5: Blockchain standardization is accelerating, and countries are vying for the right to formulate standards
Now all countries are working hard to formulate Blockchain-related standards include Japan, the United States, the European Union and various well-known blockchain standards organizations.
Trend 6: Blockchain privacy protection mechanisms are diverse, becoming a key lubricant for activating commercial applications
Today’s privacy protection includes many types, such as ring signatures, multi-signatures, mixers, zero-knowledge proofs, simultaneous Stateful encryption and so on. The problem that many blockchain companies encounter now when they are launched is that banks and other institutions will say not to use new algorithms for me. If you want to implement it, it depends more on whether you can find a privacy protection algorithm suitable for business scenarios and integrate it with the real economy.
Trend 7: Blockchain security issues attract attention and require urgent attention and solutions. In October 2016, The DAO, a venture capital organization based on the Ethereum public blockchain platform, lost more than $50 million due to system vulnerabilities. Ethereum was stolen, and later there were Parity wallet freezing attacks, solar eclipse attacks on nodes, and even a line of code that ruined your life. Various security incidents involving wallets, exchanges, chains, smart contracts, etc. Various attacks.
Trend 8: Blockchain intellectual property competition is becoming increasingly fierce, and the Internet of Everything will expand the patent layout. At present, blockchain patent applications are mainly enterprises, and there is no market leader. China and the United States have an absolute advantage.
Trend 9: Blockchain helps supervisionTechnology, focusing on the new direction of chain governance
Regulatory technology mainly applies technologies such as big data, artificial intelligence, and blockchain. Regulatory authorities have applied these technologies to risk control, anti-fraud, anti-money laundering, and combating insider trading. aspect.
Trend 10: Blockchain talents have become a key link, and all parties have increased efforts to cultivate them. We all know that blockchain talents are becoming more and more expensive.

㈨ Research on energy blockchain and dual-carbon strategy|Nuclear energy and coal are crucial to achieving carbon neutrality

Nuclear energy and coal are crucial to achieving carbon neutrality

The European Union decided to allow some natural gas and nuclear energy projects to be "green labeled", but this move was criticized by some European countries. At the same time, according to the “Fit for 55” climate package released by the European Union, some related common sense issues have also become very important.

Currently, energy accounts for nearly 10% of European consumer spending. If we propose an energy transition approach without careful consideration, the social costs of carbon neutrality will increase further. The EU seems to have been trying to build a carbon-free economy without considering whether the technology and processes are feasible, and the costs that EU companies and consumers will need to bear.

01

The instability of the European energy system has led to a delay in the carbon neutrality process

In 2021, the EU region will have many problems in the structure of the power and raw material supply chain. Power outages occurred in many countries due to higher-than-expected energy demand due to a temporary decline in renewable energy efficiency. Declining wind and photovoltaic energy production has led to rising demand for other energy sources such as natural gas and coal. This, coupled with Russian supply restrictions to Europe, caused natural gas prices across Europe to reach new highs last year. In this context, it is puzzling that negative information about nuclear energy continues to emerge, which must be part of the renewable energy mix if we are to achieve carbon neutrality.

Germany has spent hundreds of billions of euros and implemented "energy reform" policies for more than 20 years. By 2021, Germany's largest source of electricity will still be coal (bituminous coal and lignite). Poland will most likely learn from this approach when it realizes its energy transition, and the process of transitioning from coal to other energy sources will also need to be further extended.

European companies do need cheap energy right now. Because EU companies must have access to enough electricity to remain competitive in Europe, supply diversification must be at the heart of the energy transition. Many big events will happen in the energy field in 2021, and people have different opinions on this. I wonder whether Europe can realize that without a differentiated strategy, more energy-intensive companies and factories will close down. Because they cannot afford long-term losses, these companies will lose their international competitiveness and expand the scale of layoffs, which will have a very far-reaching impact on society.

02

ImproveThe market purchasing power of natural gas

Under this circumstance, if the EU wants to increase its purchasing power in the natural gas market, it must take relevant measures to ultimately control the investment development in natural gas trade.

At present, natural gas power generation accounts for one-fifth of the EU's total electricity demand, making it the most ideal transitional fuel after nuclear energy. Unlike renewable energy sources, the production of natural gas is not dependent on the weather and can enhance the stability of the energy mix. In addition, natural gas systems have shorter start-up times than coal power plants, so they are better able to adapt to fluctuations in energy demand.

But in recent years, the EU has become more dependent on natural gas imported from Russia, which is used by many industrial equipment and power plants.

The EU needs to discuss whether it is possible for Europe to unite to purchase natural gas wholesale, which will help further stabilize relations with Russia and maintain the internal stability of smaller member states.

More importantly, the potential of natural gas as a transitional fuel cannot be fully realized if the necessary infrastructure is not developed. Investing in new liquefied natural gas (LNG) and compressed natural gas (CNG) terminals can help the EU diversify its natural gas supply, open up its energy market, strengthen international cooperation, get rid of its dependence on Russian natural gas, and be in an advantageous position during negotiations for joint natural gas purchases. In addition, increasing the number of natural gas storage facilities and increasing storage capacity can cope with the impact of rapid growth in natural gas consumption.

At the same time, we should also use modern coal power units as backup resources to make them useful in special circumstances. If, as is currently the case, the natural gas system becomes an investment project, starting the natural gas system will help keep natural gas prices stable.

03

The energy mix of the future

As we all know, the green transition cannot be reversed. But until emission-free green energy (renewables, hydrogen and nuclear) can guarantee low prices and a stable and continuous supply, we should build an energy mix that does not create economic turmoil.

Nuclear energy is very stable, green and pollution-free. We must build and regularly maintain nuclear power plants to ensure our economic development and increase the amount of renewable energy available. At present, nuclear energy accounts for 70% of France's energy structure, making it one of the economies with the lowest carbon emissions in Europe.

In the process of Europe's energy transformation, each country will implement relevant measures according to its own capabilities, and energy market integration will play a very huge role, which will help maintain energy prices in the European market at a stable and reasonable level. level. We must therefore encourage European policymakers to use better methods of setting targets so that they remain viable in the future.

National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People's Daily, No. 2 Jintai West Road, Chaoyang District, Beijing

㈩ Be wary of the monopoly of blockchain by elites to prevent the emergence of the "digital divide"

Public measures should be taken to ensure that everyone can take advantage of blockchain, a pioneering foundation for social and economic development. Facility potential.

According to local media reports on August 1, this is a suggestion made by the European Economic and Social Committee (EESC), the EU advisory body, in its new report on blockchain.

Blockchain and Europe’s epoch-making invention

EESC stated in its new report that it will encourage European institutions to actively participate in blockchain activities.

The committee pointed out that the successful implementation of new digital infrastructure based on blockchain is not purely a matter of technological development, but a "perfect process of disruptive social innovation."

Giuseppe Guerini, EESC member and President of Cecop-Cicopa Europe, compared the historical importance of blockchain technology to landmark inventions on the European continent.

“We can compare blockchain to the invention of the printing press. We know that the first printed book was the Bible. Now, imagine if people thought of the printing press as just Tools that could print the Bible, that would be inaccurate, because printing technology revolutionized life in Europe."

Preventing the emergence of the "digital divide"

EESC Approved Block The wide range of applications of blockchain in the field of social enterprise, including donations and fundraising for non-governmental organizations; governance of social and economic organizations; digital, verifiable qualifications and diplomas; smart contract-driven intellectual property management; telemedicine and agriculture – these are just a few An example.

However, regarding the development of this technology, the EESC is focused on ensuring that its development is supported in an equitable manner through the necessary measures. Guerini said:

“We don’t want to see the digital divide causing more inequality and unfairness. We don’t want to see a new elite emerge, and we don’t want those who are familiar with new technologies to end up Others are excluded from the economy and markets.”

To this end, the EESC believes that the participation of civil society is crucial to ensure that this decentralized technology does not lose its democratic potential. The report notes that given the technology's use in different countries, there is a need to harmonize regulation of the industry across the EU.

As early as February 2018, the European Commission launched the EU Blockchain Observatory Forum, which was hailed as an important step towards blockchain for the EU economies.

Prevent blockchain from being monopolized by elites? It sounds like it means something, such asLibra has recently upset regulators around the world. In the development of new technologies, large enterprises may indeed be one step ahead due to their advantages in capital and talent. However, given the open and transparent nature of blockchain, only the so-called "elites" will participate.

This article comes from Babbitt

For more exciting information, please visit the financial website (www.jrj.com.cn)

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