Shanghai: Blockchain applications are exploring “useful areas” and the industry is looking forward to it | mpo2121, okwin88, the best real money online casino

As the country's economic, financial, trade, and shipping center, Shanghai has a large number of application scenarios in the fields of finance, shipping, supply chain, and traceability, providing natural convenience for the application of blockchain technology. A recent investigation by reporters found that the technologies of some blockchain startups in Shanghai are gradually being applied in multiple fields. Blockchain is no longer just "paper talk", and Shanghai will also actively carry out application pilots. In order to better promote the implementation of blockchain technology, many blockchain companies hope that government departments can provide "sandbox" experiments to conduct innovative attempts and industry docking.

Visible and tangible blockchain applications accelerate icebreaking

Difficulty in financing is a major pain point commonly faced by small and micro enterprises. Using blockchain technology to help small and micro enterprises achieve supply chain financing has now become a reality in Shanghai. Shanghai Wanxiang Blockchain Co., Ltd., Zhongdu Logistics Co., Ltd., and DBS Bank (China) Co., Ltd. jointly launched the "Yunlian Alliance-Automotive Supply Chain Logistics Service Platform" based on blockchain technology in Shanghai in November 2018. This platform is the first case in China where blockchain technology has been implemented in the automobile logistics industry, and financing has been completed.

According to Zhao Zilong, director of Wanxiang Blockchain Industry Application Division, the value of the "Yunlian Alliance" is to reduce the financing costs of small and medium-sized suppliers with the help of central enterprise credit. The characteristics of this platform are: first, cooperation and collaboration, deep integration with chain enterprise management systems to achieve data sharing; second, business penetration, the blockchain records key business data fingerprints throughout the entire logistics business; third, the use of asymmetric encryption to ensure that business data belongs to business related parties, etc. According to the plan, the goal of "Yunlian Alliance" in 2019 is to achieve a financing investment of 200 million yuan.

Blockchain technology is also showing its power in copyright protection. The "Original SaaS" blockchain intelligent big data platform launched by Shanghai Qiyin Information Technology Co., Ltd. (Original Blockchain) mainly provides original certification, copyright traceability, self-service transactions, infringement detection, content distribution, copyright protection and other services for the media. Since its commercial use in 2016, "Original SaaS" has provided technical services to dozens of media and companies such as the Financial Times and the China Financial Media Copyright Protection Alliance.

"Original SaaS" uses patented technology to generate a unique "original DNA" for digital works on the entire network. This DNA is the unique identity of the digital content. After embedding this "DNA", as long as the article maintains 70% similarity, no matter the article is transferred to Weibo, WeChat or various websites, it can be traced and traced through this "DNA". Once infringement is discovered, the technology platform will immediately collect and store evidence.

Zhu Zhile, assistant to the president of the original blockchain, told reporters that the current problems in the copyright field include insufficient copyright awareness; copyright registration costs are high and the cycle is long; evidence collection is difficult, and original authors need to cite copyright certificates that can be recognized by law when defending rights; rights protection procedures are complex and expensive. The feasibility of "blockchain + copyright" lies in the fact that from a social perspective, government departments openly advocate the application of blockchain copyright; from a technical perspective, blockchain information cannot be tampered with, facilitates online transactions, and is traceableTransaction records.

In addition, some blockchain startups in Shanghai are also actively exploring practical applications in terms of digital asset custody services and traditional ticket distribution management. Lu Yanfeng, CEO of Tuolian (Shanghai) Technology Co., Ltd., which specializes in digital currency security custody business, told reporters that the domestic cruise market has risen rapidly in recent years, but cruise ticket sales have often encountered chaos, causing damage to consumer interests. In this regard, relevant authorities also hope to use blockchain technology to better realize cruise ticket distribution management. The ticketing market is a good application scenario for blockchain. The traceability and anti-counterfeiting of blockchain can help solve the problem of counterfeit tickets. Currently, the China-Hong Kong Association is taking the lead among all parties, and Tuolian has also designed a prototype using chained accounts as a distribution management system.

Shanghai’s blockchain technology innovation is active and actively carrying out application pilot projects

From supply chain financing to copyright protection and ticket distribution, this is just one of the epitome of Shanghai’s current efforts to promote the application of blockchain technology. In recent years, Shanghai has been steadily promoting the application of blockchain technology, creating a good atmosphere for the development of blockchain companies with a standardized, pragmatic and international orientation; and on the premise of controllable risks, it has actively carried out application pilot projects.

In November 2018, the Shanghai Economic and Information Technology Commission organized a docking seminar on the Shanghai Contract Energy Management Blockchain Application Pilot Project. Relevant departments of the Shanghai Municipal Economic and Information Technology Commission stated that they will fully support the innovative exploration of blockchain as the underlying technology of information technology in the field of energy conservation and environmental protection, boldly try to promote the "energy conservation and environmental protection + blockchain" pilot project, and promote the application and promotion of blockchain technology.

Recently, the Shanghai Yangpu District Science and Technology Commission signed a memorandum of cooperation with a blockchain institution from Germany, the Berlin MXC Foundation gGmbH, to jointly explore and promote the construction of new smart cities.

In Shanghai Lingang, the construction of the first blockchain experimental port has also been launched. The "Action Plan to Accelerate the In-depth Integration and Development of Blockchain and Real Economy in Lingang Area" shows that the goal is to build Lingang into a benchmark area for the integrated development of blockchain and real economy by 2025, and to create fifteen blockchain smart factory innovation demonstration sites and ten blockchain application scenario demonstrations.

According to the relevant person in charge of the Shanghai Science and Technology Commission, Shanghai’s blockchain technology innovation is active, and pilot applications have been carried out in real industries such as supply chain finance, insurance, and electronic certificate deposits. In the next step, Shanghai will continue to gather advantages in the field of blockchain, break through key blockchain technologies, develop blockchain technology platforms, cultivate blockchain industrial bases, and promote innovative applications of blockchain technology in various industries.

The implementation of blockchain requires more experimental opportunities and industry docking

Blockchain technology has broad development prospects, but the current blockchain technology is still in the early stages of development and is still far from being truly large-scale commercial applications. Many blockchain startups expressed their hope to open a "sandbox" experimental area to innovate and explore blockchain technology applications and business models.

According to industry insiders, the current bottleneck restricting the implementation of blockchain technology is that many users still do not understand blockchain technology and need market education. Moreover, there are relatively few cases of large-scale application of blockchain technology. Currently, the infrastructure is still in the stage of continuous improvement, and the business model is also in the exploratory stage.

“Blockchain is difficult to implement because the technology itself is a decentralized system, and it changes the existing business model.” Lu Yanfeng said that the difficulty of implementing blockchain is not technical, but difficult due to the game of interests of all parties in the existing business model.

Currently, many places in China are rushing to introduce various blockchain support policies. In this regard, some experts believe that many of the blockchain policies currently introduced in various places are just a recombination of the original investment promotion policies, lacking novelty and attraction. In addition to financial support, blockchain start-ups need more technology implementation experiments and industry docking opportunities.

“Traditional investment promotion policies are actually similar everywhere. The core of promoting the development of blockchain technology is to be inclusive of innovation.” Du Yu, head of Wanxiang Blockchain Laboratory, said.

Lu Yanfeng believes that to promote the development of blockchain, it is more difficult to rely on blockchain startups to promote traditional enterprises. The education market needs to be led by several giant traditional enterprises or the government. Some large traditional enterprises can be encouraged to provide experimental environments so that blockchain start-ups can conduct various innovative attempts in experimental areas or "sandboxes". For blockchain companies, what is more needed now is industry docking.

(Source: China Financial Information Network)