China’s first national blockchain standard is expected to be released next year and is currently in the state of approval

Blockchain facilitates cross-border trade and payment and settlement, uses blockchain to anti-money laundering, traces the source of ancient trees Pu’er and high-end liquor…The new generation of information technology blockchain, with its unique technical advantages, has shown its skills in various fields. Demonstration of similar application scenarios gradually. Who is the leader of western blockchain innovation?

On October 27th, the Fifth China Blockchain Development Competition Western Regional Competition was held in Chengdu. Thirteen teams from 10 provinces and regions including Sichuan, Chongqing, Guizhou, Yunnan and Xinjiang competed for tickets to the national finals.

It is understood that the theme of this competition is “standards-led, innovation-driven”, sponsored by China Electronics Standardization Institute, Chengdu New Economic Development Committee, China Blockchain Technology and Industry Development Forum, Sichuan Blockchain Industry Association Undertake. After a day of fierce competition, the competition decided 1 first prize, 2 second prizes, 3 third prizes, 7 excellence awards, and 6 teams including Yunlian Rongtong and Titanium were shortlisted in the national finals.

China's first national blockchain standard is expected to be released next year and is currently in the state of approval

China’s first national blockchain standard is expected to be released next year

Li Ming, director of the Blockchain Research Office of the China Electronics Standardization Institute, revealed that the institute is participating in the development of national blockchain standards. China’s first blockchain national standard has entered the approval status and will be released in the middle of next year.

What is a standard? Li Ming said that in any industry, the most fundamental thing is to have standards, and only if there are standards can there be a baseline. Just like Wifi and Bluetooth, if they don’t meet the standards, they won’t be able to connect to the network.

Li Ming said that standardization does not come out of thin air. It is necessary to conduct detailed research on the entire technology, application, and industry, and find out the objects and scope of standardization, in order to truly form relevant national, industry, and local standards.

China's first national blockchain standard is expected to be released next year and is currently in the state of approval

Blockchain is a technical system that “encapsulates” data. In simple terms, this standard will clarify what related parties and system functional components exist in the blockchain. For example, what role does an enterprise enter into the blockchain-related industry? As a technical service provider, as a user, as a software developer, or as a third party.

“If you simply look at the standard, it is just a few pieces of paper. We need to use talent training, development competitions, laboratories, application demonstrations, open source communities, and even capital, to truly apply the standards to the industry.” Li Ming said, China Electronics in the future The Technical Standardization Institute will also research standards and develop an evaluation system based on the standard system, and build a benign ecology based on the evaluation system.

Sichuan has the largest number of applications in the country

Since the first China Blockchain Development Competition was held in 2017, the performance of the participating teams has also reflected the maturity of the domestic blockchain industry. In the fifth competition, supply chain management, government services, financial services, and blockchain applications have become more and more extensive and deeper.

Li Ming revealed that the number of registrations nationwide this year has reached a new high; the number of registrations in the Western Division is second in the country; among them, there are 21 participating teams in Sichuan, accounting for 19% of the total number of entries in the preliminary evaluation, ranking first in the country.

Li Ming said that in the past five years, Sichuan’s blockchain development advantages have gradually emerged. The biggest feature is the cluster effect. Sichuan’s blockchain companies are evenly distributed in various fields, covering platforms, security, and applications. There are outstanding corporate representatives in all directions. Li Ming believes that in the western region, especially Sichuan, the blockchain industry will have a longer and more substantial development in the future.

China's first national blockchain standard is expected to be released next year and is currently in the state of approval

The data also confirms Li Ming’s judgment. As the main battlefield for Sichuan’s development of blockchain, Chengdu has performed well in recent years.

Zhou Cheng, a member of the Party Group and Deputy Director of the Chengdu New Economic Development Committee, revealed at the meeting that the blockchain, with its unique advantages and technical characteristics, promotes the transformation of the Internet from transmitting information to transmitting value, and reconstructs the information industry system and digital economic ecology.

According to the 2020 China Blockchain Patent White Paper of CCID Blockchain Research Institute, Chengdu has 327 blockchain patent applications in 2020, ranking sixth in the country.

In terms of infrastructure construction, the state-level blockchain infrastructure Spark Internet super node is about to settle in Chengdu. The Sichuan blockchain infrastructure Shuxin Chain has developed into the country’s largest regional blockchain application ecology, and the operation center is located in Chengdu.

As of 2020, the number of Chengdu blockchain companies has reached 831, an increase of 178.9% year-on-year. There are well-known domestic companies such as China Net Security, Sichuan Changhong, Sichuan Shangtong, Xunray Technology, Lianbo Technology, and Xinhua Winshare. It is also interesting that the leading companies in the industry introduced from other places, such as the chain technology, cover multiple fields such as platform research and development, technical support, and application services, with outstanding competitive advantages.

The blockchain industry has begun to enter a new turning point

An Hongzhang, secretary-general of the Sichuan Blockchain Industry Association, noticed that the blockchain has been different from the previous format from 2020 to now. The original format is an application that blooms everywhere. But after 2020, large platforms are often mentioned, often national-level chains, regional chains, and there are fewer and fewer small dedicated chains.

why is that? An Hongzhang believes that this represents an inflection point in the blockchain industry. “This turning point is a destined change in this industry.”

An Hongzhang believes that blockchain is a solution to the problem of trust. If it is not recognized or recognized by everyone, it is useless. Therefore, An Hongzhang believes that there must be a powerful and credible large blockchain platform. “In the future, we must gather on centralized platforms, big platforms and big ecology. The future blockchain will eliminate one batch and settle down one batch.”

For the blockchain, the “base problem” must be solved, which is the big infrastructure. An Hongzhang introduced that now we have national infrastructure platforms, such as the Spark Chain led by the Ministry of Industry and Information Technology; each region also has regional platforms, such as the Shuxin Chain in Sichuan and the Chang’an Chain in Beijing.

China's first national blockchain standard is expected to be released next year and is currently in the state of approval

On these blockchains, nodes in different regions and industries have been built, and the application ecology of different industries has been created. Above the ecology is the application layer, serving government affairs, finance, private distribution, medical and other fields.

According to An Hongzhang, just a few days ago, the Blockchain Trusted Service Agency Alliance was officially launched in Chengdu. “Our blockchain service companies must collaborate and use standards as the link to promote the coordination of facilities and ecology.” An Hongzhang said, removing our trust barriers and truly bringing the value of blockchain into play for the digital economy. Development empowerment.

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