Blockchain sequel: why rise to a national strategy? How to reopen and supervise?

This article strives to analyze the industry in everyday language, to see how “blockchain+” will happen, what possible directions are relevant to us, and what are the limitations and areas worthy of vigilance.

Profile: What is the history of the blockchain industry?

As an Internet practitioner, the first time he faced the blockchain industry directly was around 2014. As a former cryptography professional, he was skeptical of the business model based on this innovative network structure.

Early practitioners and believers in China’s blockchain industry mainly benefited from the value-added of mainstream digital currencies. When Ethereum came out, ICOs gradually rose, which also brought the industry’s extinction. The development context that can be tested on the Internet today is roughly as follows:

  • On January 4, 2009, the first Bitcoin came out;
  • From 2009 to 2010, “Starry Sky” dug more than 8,000 bitcoins (after investing in the mining machine of Dr. Zhang Nangeng of Beihang University);
  • Until 2011, only a small number of pioneers in China had access to Bitcoin. This year, China’s first Bitcoin trading platform and the first Bitcoin navigation website were established one after another. At the end of 2011, Wu Jihan translated the Bitcoin white paper, and Xu Mingxing I heard about Bitcoin in the American drama “The Good Wife” and started a business;
  • In July 2012, fans with the screen name “Roasted Cat” crowdfunded production of mining machines at the official Bitcoin forum (Wu Jihan participated in the investment);
  • In October 2013, Wu Jihan and Zhan Ketuan founded Bitmain. At the end of 2013, Xu Yiji, Da Hongfei and others established a bit entrepreneurial camp in Shanghai. Almost at the same time the five ministries and commissions of the central bank issued the “Notice on Preventing Bitcoin Risks”. A few days later, Vitalik Buterin (Personally known as ” V God “) publish the Ethereum white paper;
  • In July 2014, Ethereum ICO raised more than 30,000 Bitcoins (Ethereum provided convenience for ICO and started the ICO boom after being introduced to China);
  • In 2016, blockchain technology was included in the “National Informatization Plan” for the first time;
  • On September 4, 2017, the Central Bank and other seven ministries issued the “Announcement on Preventing the Risk of Token Issuance Financing” to stop the token financing project (commonly known as the “September Fourth Incident”);
  • In January 2018, Zhen Fund Xu Xiaoping called everyone to embrace the blockchain in the CEO group of the invested project. Screenshots of the dialogue were circulated on the Internet. On February 11, 2018, Yuhong and others established the “3 o’clock sleepless blockchain” WeChat A gathering of investors, entrepreneurs, and celebrities inside and outside the industry to discuss blockchain has aroused widespread attention. In July 2018, Li Xiaolai, who was once known as the “richest man in Bitcoin in China,” recording leaked many irregular operations in the industry, August 2018 Blockchain has been banned from the media on a large scale, and the industry has entered a period of dormancy, occasionally with slight fluctuations in the pattern of international disputes.

The leading figures in this industry are Huobi Li Lin, OK Group Xu Mingxing, Binance Zhao Changpeng/He Yi, Golden Finance/Node Capital Du Jun, Bitmain Zhan Ketuan/Wu Jihan, Ethereum V God, Coin Capital Li Xiaolai, Xue Barbarians and others are none other than Zhang Shousheng, the famous physicist who committed suicide last year. Later, talented people came out from generation to generation. Famous Internet companies such as Meitu, Express, Thunder, and Ofo also appeared.

In the past few years, these people have chosen differently, and many dramatic stories have occurred. Now the situation has its own merits. To give a few examples:

  • Xunlei is the most closely integrated blockchain proposition among traditional Chinese Internet companies. This year it won the bid for the alliance chain development project of the China Copyright Protection Center.
  • Huobi should be one of the most successful blockchain upstarts in mainstream transformation. This year, through the acquisition of a Hong Kong listed company Tongcheng Holdings and renamed it “Huobi Technology Holdings Co., Ltd.”, the initial backdoor was successful. Li Lin himself was also invited to attend the just-concluded event. The 2019 Wuzhen World Internet Conference.
  • Travel TV host He Yi joined OK Group in 2014 and entered the technology at the end of 2015. In August 2017, he turned around and founded Binance with his former OK partner Zhao Changpeng. He left overseas due to the “September Fourth Incident” and moved to Japan and Malta, and in 2018 Zhao Changpeng was presented on the cover of “Forbes” magazine in February 2008, and the latter became the only Chinese who entered the top three in this issue of the world’s virtual currency rich list.
  • Also growing up with Binance is Justin Sun, an entrepreneur born in the 90s. He has returned to the industry he once preached and used his network resources and marketing potential accumulated on the Internet to break into the top ten of the global digital currency market value. This year, Buffett’s lunch has attracted attention for a while, and has also experienced a lot of turmoil and countless doubts.

On October 28, the Hurun Research Institute released the “2019 Hurun Post-80s Rich List of Self-made Rich People”. The blockchain industry has become a high-profile source of upstarts. A total of 8 young rich people have been transported, with a cumulative wealth of 52.1 billion, of which 3 are The post-85s generation is the industry with the most wealthy post-85s on the list. Young rich and tens of billions of wealth have become an eye-catching topic. People in the industry know that those big bosses who hold a lot of digital currency or low-key lurking are still under the water.

Shen Kan: Why does the blockchain become a national strategy?

On October 25, 2019, during the 18th collective study session of the Political Bureau of the Central Committee, Xi Jinping emphasized the use of blockchain as an important breakthrough for independent innovation of core technologies and accelerated the development of blockchain technology and industrial innovation.

This speech is widely regarded as the beginning of a new wave of “blockchain” inside and outside the industry. Bitcoin prices have risen by 30%, and the traffic on the platform of “Mars Finance”, a well-known blockchain industry media, has tripled. For a time, the blockchain strategies of platforms such as Tencent, JD.com, Ant Financial, Huawei, Ping An, etc. have attracted attention, and the response of state-owned units such as China Power Grid and People’s Party Jianyun has also attracted attention. As of October 28, a total of more than 500 A-share listed companies have announced blockchain-related businesses.

Although the emphasis on blockchain technology has been mentioned from time to time in the past two years, it has also been restrained due to the negative effects of ICO. Why was it declared as a national strategy at this point in time? Let’s discuss it briefly.

2019 should be a year recorded in the history of human civilization. This year, Sino-US trade frictions escalated. The United States issued a list of entities that continued to expand its trade and technological containment against China, and raised immigration thresholds. Be the proclamation of the savior of the American people and gain continuous support from fans. The United States is losing the appeal of the global heroism dream and adopts a more direct and unmodified way to dialogue with other countries.

On the other hand, China, through important strategies and occasions such as the Belt and Road, the Asian Civilization Conference, the 70th Anniversary of the Founding of the People’s Republic of China, as well as the attitude of being neither humble nor arrogant in the case of trade frictions and Hong Kong incidents, has proactively promoted the establishment of good-neighborly and friendly relations, and is trying to reconstruct the image of traditional Chinese culture. The beacon of a new civilization based on it. Here, the scale and atmosphere of this year’s nationwide education on patriotic themes for all classes is unprecedented.

However, since the United States took over the United Kingdom as the global hegemon, it has used technology and finance to extract global growth dividends, and has formed a relatively stable interactive model. In recent years, China has spared no effort to encourage and invest in the field of science and technology. It has also made many layouts and attempts in the financial sector, including the Asian Infrastructure Investment Bank, the Belt and Road Initiative, and the internationalization of the renminbi. However, it is not a day’s effort to shake the hegemony of the US dollar. . And the blockchain just brings together the two major elements of “technology” and “finance”, standing on the throat of the “great rejuvenation of Chinese civilization”, and it is hard to avoid it.

Looking back at the United States, despite the twists and turns of Facebook’s cryptocurrency project Libra, it still reveals a lot of information in the game and contest-information related to China. On October 23, Facebook founder and CEO Zuckerberg attended a 6-hour hearing in the U.S. House of Representatives, clearly stating that “the digital currency of the People’s Bank of China needs to be considered… if China’s financial system becomes more and more national It is difficult for the United States to implement sanctions and various protective measures in the future.” As early as July this year, the head of the Facebook blockchain subsidiary proposed that Libra will compete with Alipay and WeChat Pay in China.

Today’s world financial and economic and trade systems are led and constructed by developed countries represented by the United States. In the past, China has worked hard to stand on the negotiating table and continuously improve its voice, but we have not yet obtained the qualifications to formulate new rules.

Speaking of China, starting from the 2016 Politburo meeting for the first time to “suppress asset bubbles”, it was transmitted to the market in 2019 that the collateralization of listings, industrial structure adjustments, mutual funds and other industrial transformations, as well as the cancellation of some industries Subsidies, banks are required to increase inclusive finance, to encourage new national trends, and to relieve needs. In the words of Mr. Guan Qingyou, “We are experiencing an unprecedented large-scale liquidation” and have entered the twelfth hour of the Qing Dynasty. At midday, Baoshang Bank’s credit risk was taken over by the China Banking and Insurance Regulatory Commission, and its strengths such as Noah’s wealth were also exposed to thunder. Everbright Capital’s overseas projects hit the rocks, CITIC Capital’s private equity products reported a redemption crisis, and the chairman of Pioneer Group’s overseas “sudden death”… …

For the common people, the first-hand experience is the uncertainty caused by the reduction of real estate liquidity, P2P thunderstorms, pork prices, educational institutions running away, foreign exchange controls, and company layoffs. The state has issued a series of policies, including tax cuts for enterprises, postponement of real estate taxes, poverty alleviation, promotion of urban and rural medical insurance, as well as the promotion of patriotic education, scientists, and outstanding contribution models in various fields, continuously enhancing national cohesion and confidence in the future.

If a new technology is expected to give China an opportunity to re-enact world-class core game rules, and entrepreneurs and ordinary people can use their creativity to gain wealth, then it is the right time. It just so happens that “blockchain” is the banner we need at this time.

Affected by this news, Xunlei’s share price rose by 200% in three days. On the first trading day after the news was announced, more than 100 blockchain concept stocks in Shanghai and Shenzhen stocks rose by the daily limit, and the market value of the blockchain sector increased by more than 100 billion yuan a day. According to data from the Shenzhen Stock Exchange Interactive Easy Platform, the number of interactive Q&A on the blockchain on this day alone exceeded the sum of the first half of the year. 48 hours after the news was announced, there were more than 1,000 blockchain concept stocks, which is evident in the market’s desire for major topics.

However, the development of blockchain technology will take time, and its application areas have yet to be explored. As a weapon for blockchain wealth creation, “coin issuing” and “mining” are still areas that the country does not encourage.

As an important area of ​​blockchain application-the financial industry, the Shanghai Municipal People’s Government Counselor and Professor Sheng Songcheng of China Europe International Business School also clearly pointed out that “the capacity of each block is limited, and it cannot be as infinite as the network. Applied in the financial field, on the contrary, it will reduce efficiency.” In fact, a slightly rational person thinks that distributed storage and distributed processing will inevitably sacrifice a certain “efficiency”… Then, how can this technology give us? What to bring? The answer will take time.

Betting: How to restart the blockchain industry?

This round of the blockchain wave is so strong that something is bound to happen to catalyze some “blockchain+” industries and companies. Then, might as well predict which branches of the blockchain will be the first to be industrialized?

The applicability of blockchain can be attributed to five major technical characteristics: distributed, encryption, traceability, value transfer and machine trust . In terms of the five major characteristics, various applications that may occur with the physical industry include:

  • Distributed: Replacing the past server-client model with distributed (election nodes or authoritative nodes) will have two benefits-avoiding data hegemony and avoiding data loss, that is, preventing the strong party who holds the data from having the final say, or There is a problem with a single point of centralized storage of data; but there are also disadvantages, such as low efficiency and high cost. After all, there was one place in the past, but it is conceivable that there must be multiple places at the same time. There is a derivative problem here, that is, how to manage the access rights of the data, and who is responsible for the cost.
  • Encryption: Generally speaking, distributed data will face more risks of data leakage, but due to the close integration of blockchain data and security algorithms, this risk is hedged and it is expected to prevent data from being sold by business. In other words, a system based on the blockchain has the opportunity to form a data retrieval model for user authorization and even user participation in the distribution of benefits, but does the service party have the willingness to build it? It depends on how the business model is designed. In addition, each block is limited. Is the big data in the block, or is the block only used as the data header? If it is the latter, encryption is open to question. Furthermore, this feature is helpful for protecting privacy, but how to be compatible with supervision and how to prevent anti-money laundering issues still requires some structural compromises, which obviously come at the expense of privacy.
  • Traceability: The blockchain constructs an orderly storage relationship and timestamp, as if each data segment has been “stamped” by the “customs”, there can be “time witnesses”, there is a certain traceability and cannot be tampered with Sex. This feature can be applied to many “registered businesses”, such as supply chain management, intellectual property rights, auction transactions, contract signing, and even marriage relationships. Some people even want to use the blockchain to record the history of love, which will surely be very exciting. However, there are still backdoors. Programmers will know how to use machine time or computing power to cheat, and what is the review mechanism for data on the chain. For example, if A and B traded first, but B preemptively registered with C, does the registration entrance have the ability to do due diligence, or even whether C forged B’s certificate to register so as not to obstruct A. In this “error” During the registration of “”, D saw it, contacted C with related businesses, and made another registration. How to withdraw this series of invalid transactions is a scenario problem that needs to be solved in reality— all It can be solved, but it still needs structural design and empirical processing in the landing scene.
  • Value transfer: The endless imagination that blockchain brings to the business field stems from its use of computing power-based fairness and value distribution in network construction, and it also spawned a “token” boom. A pure utopia or a pure scam is difficult to involve a large number of intellectuals, but new technologies with idealistic visions can. The specific method is to include the various data participants mentioned above in the value distribution, and transfer them in real time through smart contracts and tokens. The traditional Internet has realized data sharing, and the blockchain claims to realize value sharing. However, the realization of this value system is accompanied by the token economic system, integrating the three roles of investors, consumers, and managers. It remains to be discussed how much space will be given to the token economic model due to the refinement of supervision in the future.
  • Machine trust: As mentioned above, there is a component in the blockchain called “smart contract”, which programs the rules in the network relationship and writes the code into the machine to be executed by the machine. In the blockchain industry, there is an assumption that programmers will replace lawyers and finances, or they all need to learn programming languages. If this model is fully applied, the space for robots to participate in economic life will be infinitely expanded, so artificial intelligence and blockchain will shake hands. Another “but”, disputes will still exist, but the main contradictions will shift from the wording of the terms, the ability of lawyers, and the financial skills to the rigor of the code, the battle of computing power, and the offensive and defensive battles of hackers.

So, how to integrate blockchain from an industrial perspective? Let’s pick a few typical industries to do some “brainstorming”.

  • Artificial Intelligence (AI) Industry

    This industry currently has practices in several directions: hardware, software, and data processing. Specific technical directions include computer vision (face, gait, unmanned driving, etc.), natural language (voice, text, translation, etc.), data mining (e-commerce, advertising, social networking, climate, finance, security, etc.), machine learning And robots.

    Blockchain may provide several interfaces:

    One is the data interface . AI needs massive data to improve machine performance and model accuracy. Blockchain can encourage ordinary users to participate in data contribution through distribution and value transfer, and proper encryption processing can also dispel public doubts.

    The second is the interface of machine language . As mentioned above, blockchain smart contracts are expected to implement some contracts and rules through code, helping robots to enter social networks more widely and serve life scenarios.

    The third is the interface of man-machine dialogue , which directly collects and distributes data through the blockchain, which can improve the efficiency of biological information input and application.

    The fourth is the interface of imagination . AI is about to enter a stage of head-on competition and commercial competition. The first stage of competition is the competition of basic equipment and financing capabilities. The second stage of competition will be the differentiation of services provided by enterprises and individual users. At this stage, technology integration and scenario imagination will become core capabilities, and blockchain is undoubtedly the enzyme of imagination.

  • IoT industry

    The interconnection of everything and the value chain are also a perfect match.

    Those who have watched the documentary “Legend of American Business Tycoon” should be impressed. The bloodline hub built by the railway king Vanderbilt, the railway, fought several rounds with Rockefeller’s Standard Oil Company for the right to distribute wealth. If the blockchain is a railway, it needs a lot of strategic materials like oil, or a variety of core materials. What materials can be connected digitally? Which materials are suitable for distributed registration transaction and settlement of blockchain? The value of which materials can withstand the cost of blockchain? These are issues that need to be discussed in the industry.

    For example, whether the unmanned vending system can be built based on the blockchain, whether the inventory management can be automatically synchronized to the logistics hub through the accounting node, and whether users can circulate in the system and participate in the conversion of system efficiency through tokens.

    For example, whether social e-commerce can realize the integration of the supply and marketing system through the blockchain, the source supply can be traced, the sales circulation can be traced, and the end sales can be incentivized.

    For example, whether the industrial chain can be built with a blockchain structure, the production process can be automated across enterprises, the order management is intelligently contracted, warehousing and logistics use RFID or other technical means to set checkpoints, and automatically wind up the chain through robots or fixed equipment.

  • Art industry

    The core issues in the collection, auction, reproduction, and derivatives of artworks are identification, tracing, pricing and circulation. Through the blockchain, the information synchronization and value circulation of buyers, sellers, manufacturers, warehouses and other links can be realized as a network, combined with anonymous processing, cross-border settlement, and biological information collection to realize a safe and reliable industrial network, and reduce the cost of circulation. Risk.

  • Entertainment industry

    With the deepening of the market cleanup, data falsification and quality conversion of celebrity internet celebrities and entertainment works have become controversial points. Through the blockchain to build an artist training system and fan group connection, the upstream and downstream industries such as brokerage companies, film and television companies, performance companies, broadcast platforms, and related associations will form accounting nodes, which can realize the stratification of works and artist circles to a certain extent Precise management facilitates the industry circulation of entertainment works and artist value.

    Wait a minute.

When the blockchain becomes a national strategy, it means that top companies in all fields will bet on the combination of resources and funds, leaving few opportunities for grassroots shallow innovation and wealth creation. However, the in-depth application of blockchain requires an understanding of technology and innovation in operating methods. This aspect still leaves young teams with a certain amount of market space. Let’s take a preliminary look at the blockchain scenarios that can be implemented in the near future:

The first is the long-circulated digital currency DCEP to be issued by the People’s Bank of China. Judging from the historical situation, it is unlikely that we will allow the private sector to issue tokens on their own. But how can the field of digital currency connect with the world? It is a good strategy for the central bank to first issue a digital currency with official credit endorsement, with RMB (or a basket of currencies as the main renminbi) against the target. Through the docking with the existing financial system, unlimited legal compensation, anonymity and digital exchange are realized.

In addition to landing in China, DCEP is expected to enter the cross-border settlement system and help underdeveloped countries and regions to establish new Internet payment systems in the form of encrypted currencies. With Chinese Internet companies going overseas and the promotion of leading companies in the United States and European countries, the laying of Internet infrastructure in these countries will be implemented in the form of blockchain structures and digital currency wallets. Subsequently, payment and settlement in the fields of economy, trade, infrastructure, and finance have gradually become digitally monetized.

The second is the construction of the industrial chain of large domestic enterprises. The important application area of ​​the blockchain lies in the reconstruction of the collaboration and settlement system within the industrial chain through the alliance chain. For example, the internal decision-making mechanism of Tencent’s ecology can be coalesced to allow ecological partners to participate in bookkeeping and cross-business circulation of ecological tokens, which can increase the closeness of cooperation between upstream and downstream within the ecology. Another example is the supply chain ecology of Alibaba and JD.com, which combines the accounting period, supply chain finance, and sales share ratio.

Furthermore, the partial optimization of the government information platform. Taking into account the sensitivity and barriers of government information, blockchain is not suitable for all scenarios, and the construction of some information platforms can improve autonomy and self-service efficiency through blockchain. Among them, there may be “Internet + encryption” and “Internet + distributed storage” projects suspected of “pseudo-blockchain”.

There is also the rise of a social new economic structure. For example, the community economy based on machine credit (smart contracts) and value transmission (token incentives) may allow the emergence of some hierarchical and community-based new retail formats, and there may be opportunities for similar “Pinduoduo” or “Yunji” “Such innovative platforms and models for sales channels.

As for who gains economic benefits in this torrent of people, who pays hot spots or pays tuition, it is also the game of human nature and the adjustment of the market.

Paranoia: Blockchain Supervision One Two Three Four

Regarding the supervision of blockchain and digital currency, two or three years of exploration have been carried out. I believe that the relevant regulatory authorities have already had a lot of experience and thinking. This article attempts to do some “super-class” discussions.

First, the strict control of ICO is meaningful. After the leader’s speech, someone on the Internet ridiculed that “a group of scammers are running into the arena.” Indeed, opportunists are always the most sensitive to opportunities, and may even surpass practitioners who have been dormant in the industry for many years. The past development history of blockchain also illustrates the necessity of supervision.

Second, tokens are necessary. During the two sessions in February 2018, Ma Huateng, Chairman of Tencent’s board of directors, once stated to the media that blockchain is a good technology, but Tencent does not consider issuing coins. In June 2019, after Facebook released the Libra white paper, Ma Huateng commented in WeChat Moments that “the technology is very mature and it is not difficult, it depends on whether the supervision is allowed”. In fact, anyone who understands the development process of the blockchain knows that the token is an element closely integrated with the blockchain and cannot be “castrated”.

Third, the key to supervision lies in the monetization and securitization of tokens. Judging from the regulatory experience of the United States, Japan, South Korea and other countries, the chaos of large-scale monetization and securitization of blockchain tokens is predictable, and will be even worse than P2P. At present, the effective experience of the world is basically concentrated on several entry points:

  • KYC and anti-money laundering. The people need privacy, and the country needs to guard against risks. The key link is the system I/O and the information processing of the accounting node. If trading scenarios are involved, the real-name system of the trading platform will also be a point of dispute.
  • License issuance of the trading platform. Whether to allow the emergence of trading venues is a milestone in the blockchain industry. If it is not allowed in the short term, there may be a VIE structure similar to the VIE structure used by companies in the past to achieve “capitalization” and circulation of certificates overseas. Until the trading rules are mature, the country will open up again in an orderly manner, and intervene in supervision through state-owned platforms or issuing licenses. Regarding licenses, the United States has adopted a combination of central and local governments, and my country’s financial sector has also adopted a multi-level capital market to manage part of the factor market. However, from these operating experience, except for some special zone pilots, the main trading venues will still Centralized supervision, especially when the blockchain becomes a strategic proposition.
  • The assets, qualifications and governance mechanisms of the business entity (or the project party). The United States Securities and Exchange Commission (SEC) once proposed the STO model-Security Token, as a fusion product of tokens and securities, requiring tokens to correspond to actual assets. Judging from the current news, DCEP still requires bank reserves, and my country’s token supervision may require certain asset guarantees. At present, the National Information Center has been involved in the filing of blockchain companies. If the future involves token transactions, the CSRC or the central bank is worthy of attention. Refined in this direction, there may be classified supervision of tokens, similar to Utility Token and Security Token. The distinction between the primary market and the secondary market. If there are no restrictions, the token will mix the multiple roles of points, currency, equity, and securities, and supervision may also be separated and intervened.
  • Taxation. If blockchain becomes a standard form of Internet development in the future, it will be inevitable to be included in the tax system. The question is, will their economic value be measured by traditional currencies, DECP or their respective token systems? The blockchain projects in the barbaric era were managed through “foundations”. The rights and interests were scattered and the value stayed on the chain. Finance and equity became fictitious. Only in and out of this “economy” would they need to be exchanged for legal tender. How to levy taxes on blockchain projects in the future will gradually emerge with the deepening of supervision and scenarios.

Fourth, build a professional service organization in the industrial chain. In the industry chaos of the past two years, if the “air coin” is the black sheep of the blockchain industry, then the participants in the industry chain are the gray rhinos that drive the horses. After nearly 30 years of exploration in China’s securities and fund industries, many industry ethics and practices have been formed, including the initiation of the qualification examination for fund practitioners in 2003, the increase in the qualification examination requirements for fund sales personnel in 2008, the establishment of the fund industry association in 2012, and 2015 The fund industry association began to organize examination matters. If the token economy continues to develop, there must be professional institutions under supervision as counselors and service providers in the market, such as media, securities firms, underwriting, market making, lawyers, accountants and other divisions of labor and coordination, and mutual restraint.

The implementation of blockchain technology needs to be fully integrated with certain user platforms and real economic scenarios. During a certain period of time, the application of tokens is still limited to the use of points, and the supervision of “digital currency” is difficult to release in the short term-just imagine , If the whole country implements a scenario for DCEP, an unprecedented super blockchain will be born. As for the future game of the international market, whether to liberalize corporate tokens and whether to allow transactions between tokens is still worthy of attention.

Emerging things are always “half sea, half flame”. People scrambled to see the way ahead, just for fear of being thrown out of the tide of the times inadvertently.

The blockchain is like a community of destiny. I believe that under the call of the national strategy, everyone will “on the chain” sooner or later. The difference is only the role in the value chain. I hope this article will give you some meaningful inspiration and warnings. No matter how long you set off, you can reach the station leading to the future smoothly.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/blockchain-sequel-why-rise-to-a-national-strategy-how-to-reopen-and-supervise/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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