• China has the world’s largest Internet application market, block chain industry has to walk in the forefront of the world’s many favorable conditions
• China’s enterprises need to absorb the world’s top scientific and technological resources, the establishment of China’s chain of ecological chain, to speed up the pace of technological research
• “Traditional block chain technology is slow, such as bit 1 second can only do 3 transactions, the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.If you can not solve the speed problem, the block chain multi-scene application is not May be promoted. “

China’s block chain industry is expected to walk in the forefront of the world

2017-09-05 07:30 Source: Economic Daily

China has the world’s largest Internet application market, block chain industry has to walk in the forefront of the world’s many favorable conditions. The diversification of the application scene has promoted the rapid development of the block chain technology. But at the same time, the speed problem has seriously restricted the block chain to multi-scene application. China’s enterprises need to absorb the world’s top scientific and technological resources, the establishment of China’s chain of ecological chain, to speed up the pace of technological research.

Recently, the Ministry of Industry directly under the China Electronic Information Industry Development Research Institute in conjunction with Beijing Tiande Technology Co., Ltd. initiated the establishment of the CCID (Qingdao) block chain research institute settled in Qingdao. China’s thousands of people plan experts, Beihang digital technology and block chain laboratory director Cai Weide become the project chief scientist. He believes that China’s block chain industry is expected to walk in the forefront of the world.

The block chain is a distributed database system that is difficult to tamper with and is hard to forge and traceable. The block chain records all the information that is traded, and once the data enters the block chain, even the internal staff is hard Which made any changes without being found. This feature determines its application with the Internet are inseparable. “Cai Weide told reporters,” the application of the larger scene, the richer, block chain technology and industry development will be faster.China has the world On the largest Internet application market, so the block chain industry has to go in the forefront of the world’s many favorable conditions. ”

Currently, block chains have been applied in multiple areas. August 28, the first block of domestic chain power business “media purchase” available, this is the world’s first block of chain power business; August 17, “Baidu Chang’an new days wind 2017 the first phase of asset support Special plan “approved by the Shanghai Stock Exchange, Baidu Financial as its technical service providers to build a block chain service side BaaS; Not long ago, the letter love the United States love the rescue account using the ant gold chain technology, with the algorithm and technology architecture to solve a number of weak Trust the trust between institutions, build a trust mechanism.

Cai Weide that the application of the scene diversity, is the rapid development of block chain technology, the biggest driving force. “Traditional block chain technology is slow, such as bit 1 second can only do 3 transactions, the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.If you can not solve the speed problem, the block chain multi-scene application is not May be promoted. “

Strong market demand and technical barriers between the contradictions, prompting many technology companies to speed up research. In March, Beijing Tiande Technology Co., Ltd. released a new generation of block chain system high-tech one, in a clearing house measured the average transaction speed of more than 4,000 per second; its trial in the latest system, has done to deal with 3.33 billion per second Transaction. From 2008 to 2017, China’s number of patent applications in the field of block chain technology in the world, submitted a total of 550 patent applications, more than ranked second in the United States (284 patent applications).

Cai Weide that this does not mean that China has been the world’s first in the chain area. To really walk in the forefront of the world, the need to create an open ecosystem, to take the sharing model, absorb the world’s top scientific and technological resources to reduce the unnecessary competition in order to ensure that China is walking in the forefront of the world block chain industry.

“In view of this, CCID block chain research institute will be the joint financial research institutions, the national large data (Guizhou) comprehensive experimental area block chain Internet laboratory, Qingdao Tiande letter chain Information Technology Co., Ltd. and other units, the establishment of China block chain Ecological alliance, and will launch three national key industry implementation plan.

Cai Weide said, first of all to establish a Chinese chain chain sandbox plan. The plan includes an industrial sandbox, umbrella sandbox and regulatory sandbox. Among them, the industrial sandbox is under the guidance of the industry alliance by the enterprise self-test and assessment work; umbrella sandbox by the government regulatory support, commissioned by the authority to assess the block chain; regulatory sandbox is developed by the industry to a certain extent, and supervision After the mechanism is mature, the chain is evaluated directly by the regulatory body. “The first phase of the first launch of the industrial sandbox, will work closely with regulators to promote the umbrella sandbox and regulatory sandbox construction.

Cai Weide said that the second plan is to set up Qingdao block chain sandbox research center. The center will promote the China Chain Chain Sandbox program, through the government, financial institutions, universities and research institutes, industry funds and technology companies to study and expand the sandbox plan. The establishment of Internet of things, electronic payment, insurance, logistics, medical, customs block chain sandbox.

“The last plan is to build an open, shared block chain sandbox testing and monitoring platform that has built our first platform prototype to support block chain automation, supporting financial regulation, food and drug traceability, logistics tracking, payment Clear settlement and other block chain applications. “ Cai Weide said.

Source: https://steemit.com/cryptocurrency/@cryptoassets/china-government-aims-to-become-the-global-leader-in-blockchain-technology-here-s-how-they-plan-to-do-just-that