Li Lihui: Blockchain technology innovation and industrial upgrading

General Secretary Xi Jinping pointed out two years ago: We must take the blockchain as an important breakthrough for independent innovation of core technologies, clarify the main direction, increase investment, focus on conquering a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation. The “National Standardization Development Program” issued by the Central Committee of the Communist Party of China and the State Council proposes to deploy technologies simultaneously in technical fields with broad application prospects such as the integration of industrialization and industrialization, a new generation of information technology, big data, blockchain, health, new energy, and new materials. R&D, standard development and industrial promotion will accelerate the industrialization of new technologies.

In the past two years, blockchain technology has accelerated innovation and expanded applications, showing broad prospects in promoting industrial upgrading.

First, block chain technology innovation to strengthen digital technology may believe interaction .

Blockchain solves the trust problem through mathematical methods and expresses rules with algorithmic procedures. As long as the common algorithmic procedures are trusted, mutual trust can be established. This kind of digital trust has the inclusiveness of high efficiency and low cost One is to form a trustworthy bond in an environment where trust is unknown or weak , to save the time and cost required for credit formation, and to support commercial credit; the other is to establish a zero-day , zero-distance authentication tool in a wide-area, high-speed network , Improve the efficiency and reliability of the Internet of Things.

Recent innovations in blockchain technology have focused on expanding interactive functions and storage functions. Cross-chain technology can realize interoperability between blockchains and between blockchains and the Internet. Information and assets can be circulated in a larger scope in a non-copyable, non-forgeable, and non-tamperable manner. The distributed storage technology of the blockchain can store files in different spaces, and at the same time generate a document storage confirmation certificate, which has certain advantages over traditional cloud storage in terms of reliability, edge storage costs, and data privacy protection.

The information technology architecture we are familiar with is centralized and closed in local areas. The business society we are familiar with is independent of market entities and interactive on a flat surface. The traditional credit mechanism we are familiar with is self-contained and separate. Blockchain technology has the potential to recreate industries and business models and promote economic upgrading through the establishment of a digital and trusted three-dimensional interactive architecture.

One is industrial identification analysis and equipment management. Realize global unique identification identification management, solve the problem of equality and interoperability between different identification coding systems in the industrial Internet, build a blockchain-based industrial identification infrastructure, implement industrial equipment identity management and equipment access control, and process, assemble, and subpackage products The whole life cycle management is carried out in the production process and product circulation, consumption, recycling and other links.

The second is the coordination of the industrial chain. In the industrial chain collaboration network composed of core enterprises, suppliers, distributors, customers and other multi-party entities, realize data synchronization sharing and management action coordination, optimize supply chain management, improve collaboration efficiency, improve market response efficiency, and improve commodity and capital allocation efficient.

The third is supply chain finance. Establish a multi-party collaboration structure and trust mechanism, overcome the limitations of traditional commercial credit, and transmit core corporate credit to more levels; establish an ecosystem of mutual trust and interoperability, reduce financing thresholds and financing costs, and accelerate logistics turnover and capital turnover; make business agreements Incorporate smart contracts to prevent misappropriation of funds and malicious breach of contract.

The fourth is rural revitalization. Build a digital platform for physical assets, realize the digitization of physical assets, map physical assets and their ownership and value at different times and locations on the blockchain to form traceable, traceable, and tradable digital digital assets, and carry out the whole process Operation and management, revitalize the value of physical assets, and help rural revitalization. For example, in the trusted supervision of biological assets and financial service platforms, beef cattle have become tradable, traceable, and traceable digital assets. On the Pu’er tea blockchain platform, Pu’er tea can be verified and traced to the source, can be stored centrally and traded separately, which solves the problems of counterfeiting, storage difficulties, and high value of tea cakes in the Pu’er tea market.

The fifth is a smart city. Integrate digital technologies such as blockchain, artificial intelligence, big data, and the Internet of Things to build the bottom layer of credible data standards that support the digital upgrade of cities, and achieve real-time and visualization of the entire state of the city. Realize credible personal identity, credible asset ownership, credible health status and effective privacy protection in the field of citizens, realize smart public services, smart public management and smart public supervision in the administrative field, and realize distributed carbon emissions in the field of green economy Real-time monitoring, measurement and emission trading, realize intelligent route guidance and parking guidance in the transportation field, and form a high-efficiency, low-carbon, harmonious and safe urban ecology.

2. Accelerate the development of blockchain technology and industrial innovation.

The experimental application of China’s blockchain technology ranks among the top in the world. In February 2021, the US “Forbes” selected the top 50 global blockchain companies, and Tencent blockchain was selected on the list. Wanxiang Blockchain provides customers with blockchain + industry solutions, covering supply chain finance, automotive supply chain logistics, industrial Internet, biological assets, digital cities and other fields, empowering industrial upgrading.

Blockchain technology innovation is a global hotspot. It has achieved considerable progress, but it has not yet reached the level of large-scale and reliable applications in the high-concurrency market. The new cross-chain technology still has security risks. We are in a period of significant opportunities for the development of blockchain technology and industrial innovation. In this period of development opportunities, calm institutional innovation can promptly eliminate possible localized bubbles, and active technological innovation can continue to create scalable business wealth.

First , the country is based on technology in geopolitics .

China is a big country with data resources and a big digital market, but it is still a country with weak software. According to the number of international patent applications issued by the World Intellectual Property Organization WIPO, in 2019 and 2001, the proportion of the United States dropped from 40% to 21.8%, the proportion of China increased from 1.6% to 22.3%, and Japan remained at about 20%. , Germany dropped from 13.0% to 7.3%, and South Korea rose from 2.1% to 7.2%. Although the proportion of China’s international patent applications has surpassed that of Western countries such as the United States, the intellectual property rights of core technologies are mainly controlled by Western countries such as the United States and Japan. A 2020 study by the Bertelsmann Foundation in Germany found that out of 58 cutting-edge technologies, the United States holds the most patents in 50 of them.

Digital technology equality is the cornerstone of equal competition in digital economy and digital finance. In the field of core digital technology, only by making up for its shortcomings can China truly establish a relationship of equality and mutual benefit with Western countries.

In October 2020, the United States issued the “National Strategy for Critical and Emerging Technologies”. The list of 20 items includes high-end computing, data storage, and distributed technologies. It is clear that “the United States must develop these technologies, protect these technologies, and cannot provide these technologies to competitors. .”

In terms of core digital technology, we cannot borrow, buy, or wait. The only way is to be self-reliant, work hard, and seek breakthroughs.

Second data protection in the Internet of Everything .

Data resources are personal wealth and collective wealth. In the era of digital economy, it is more necessary to effectively protect data privacy . The basic rights of data owners to private data should be emphasized. For example, it is stipulated that companies must obtain the explicit consent of the data owner to collect and process data, and that companies shall not collect, process and use data beyond the agreed scope, and at the same time give the data owner the right to request the data owner to delete the private data involving his or her own.

Data resources are the wealth of the country, and data security is the guarantee for the development and utilization of data and the development of the data industry. For example, the financial industry must build a technical environment where users trust each other and information is true and symmetrical, require reliable data transmission, and protect personal privacy; require the use of information authenticity interactive verification technology, establish an identity authentication system, and identify people or things in terms of time and space. Positioning and identity authentication, user authorization verification and information data verification, confirm end-to-end control.

The state supports the development and utilization of data, and supports the promotion of data security technology and business innovation. Data resource sharing and safe application can be realized through technological innovation. For example, the China Internet Finance Association takes the lead in researching and developing a data element integration application system for the financial industry. This system integrates technologies such as multi-party computing, federated learning, data desensitization, differential privacy, trusted computing, etc., which can protect data privacy while realizing data sharing, and protect data security while enhancing the value of data resources.

Third penetrating supervision in industrial integration .

Digital technology innovation is changing the mode of financial services, gradually forming a new financial format that is interactive, intersecting and intersecting. For example, the future digital asset market includes not only digitized financial assets, but also assetized patent data and author data. It will form an asset owner, investor, property right registration, property right certification, financial intermediary, regulatory agency, tax agency, Arbitration institutions and other multi-party complex structures.

Financial innovation calls for regulatory innovation. The digital financial supervision system should be jointly built and shared by financial supervision departments, should cover all financial institutions, should penetrate different financial markets and financial businesses, and realize the whole process of financial supervision and all-round intelligence, and go beyond complicated processes and resource-consuming processes. On-site supervision, reducing supervision costs and the cost of being supervised.

Fourth, the security barrier in the distributed architecture.

Decentralized finance may penetrate a country’s financial infrastructure barriers and monetary sovereignty and regional financial regulatory boundaries. Decentralized finance is not only a hot spot for international financial competition in the future, but also a hot spot for global financial supervision in the future.

As an economic power, China has implemented a higher level of economic opening and financial opening, including capital market opening, which is the basic national policy; maintaining the overall economic and financial stability and actively preventing systemic financial risks are the bottom line of the financial sector.

Therefore, it should be necessary to deeply analyze the already possessed and potential “disruptive” performance of digital technologies such as distributed peer-to-peer architecture and decentralized architecture, and focus on the possibility of decentralized financial tools based on new digital technologies crossing the barriers of financial infrastructure Path, research technical countermeasures and policy plans, and build a digital financial security barrier.

Fifth, security responsibilities in the open source landscape .

Open source is penetrating more and more software products. Some experts believe that open source has become the mainstream of digital technology innovation, and that open source can cross company and national boundaries and empower the transformation and upgrading of industries. It should be noted that open source will also constitute system binding and technical dependence. Some open source software lacks a clear security responsibility subject and authoritative security performance certification, and may have security vulnerabilities.

In the open source landscape, one is to establish software security technical standards, and to establish a software review and certification system to prevent open source software with hidden security risks and even malicious Trojan horses from entering China; the second is to increase investment, increase policy support, and encourage China Its own scientific research institutions, science and technology enterprises and digital technology talents develop software with independent property rights to achieve the optimization and balance of core software basic performance, expansion performance, and security performance, and promote the progress and growth of China’s software industry.

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