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In 2019, China led the way in the adoption of global blockchain applications

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In 2019, China became the country with the largest number of blockchain applications, accounting for 400, or 47%.

What important progress has the blockchain industry made in 2019?
People's venture capital blockchain

At the moment, it may be the eve of the industrial block chain application.

Block chain has been active in the context of the Internet ever since it came into public view. From the initial enthusiasm to the later doubts, people became calm, and then became more firm in the calm in 2019. Blockchain, an innovative technology, is going through the cycle of all new things.

2019 will undoubtedly be a milestone year for blockchain.

There is nothing like a national strategic focus to get the public to understand blockchain quickly. On October 24, 2019, the political bureau of the CPC central committee conducted the 18th collective study on the status and trend of blockchain technology development, stressing that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. From the strategic level, the country began to promote the block chain technology and industrial development.

Similarly, not long ago, the secretary-general of the United Nations said, "the United Nations must embrace blockchain, and in order for the United Nations to better perform its responsibilities in the digital age, we need to adopt technologies such as blockchain to accelerate the achievement of the sustainable development goals."

Therefore, for different countries or organizations, people have realized that blockchain is not only a technological innovation, but also bears the mission of digital frontier. Meanwhile, in the business world, the development and application of blockchain technology in the past year has also given people the confidence to imagine the future and fulfill their mission.

In the past year or two, with the increasingly mature block chain technology and the introduction of a number of favorable policies and regulations in China, a large number of domestic listed companies began to invest funds to try to explore the combination of block chain technology and their own business. One of the most representative enterprises is xunlei, which has a deep background of distributed technology. After the announcement of the "all in blockchain" in 2017, the "thunderbolt chain" officially launched in 2018 has been equipped with million-level TPS and second-level confirmation processing capacity since its birth, enabling the implementation of the blockchain technology in the context of large-scale users. The influence of technological innovation has spread abroad. In 2019, Forbes of the United States spoke highly of it: this means that China's blockchain has achieved a breakthrough lead.

Reviewing the past year, the promotion of technological breakthroughs and the commercialization of blockchain is the "main melody" around the blockchain. The application of block chain technology has been extended to many fields such as traceability, intelligent manufacturing, supply chain management, copyright and medical treatment.

Top 10 blockchain application areas

Whatever the technology, it will eventually come back to the application level. Any technology will have a bottleneck in the development process, but it can not stop the progress in the application field.

In 2019, China became the country with the largest number of blockchain applications globally, with 400, according to the interlink pulse institute. Outside China, the top 10 blockchain application countries in 2019 are the United States, South Korea, Japan, the United Kingdom, Germany, Russia, India, France and Switzerland, with 95, 46, 40, 27, 17, 16, 16, 14 and 12 respectively.

It can be seen that China has made great advantages in the field of blockchain, and many representative blockchain applications were born in China this year. In a sense, 2019 can be regarded as the first year of the application of blockchain technology.

Based on the number of applications and social influence of block chain technology in various fields, we can summarize the 10 most representative fields and scenarios from various industries to review and summarize the achievements made by the block chain industry in the past year.

1. The government

Government affairs is one of the most common scenarios for the implementation of block chain technology.

What can be observed is the increasing acceptance of blockchain by the government. Abroad, Japan and Bermuda have developed national identity card system based on block chain. Malaysia's business registry introduced blockchain technology; The Brazilian government of Sao Paulo plans to register public works projects through blockchain.

In China, the government is no different. It is reported that the data catalog of all Beijing government departments will be locked and Shared through the form of block chain, forming a "directory chain". Meanwhile, in June 2019, chongqing launched the blockchain government service platform, after which the time to register a company in chongqing could be shortened from more than 10 days to three days. In October 2019, shaoxing successfully decided the first criminal case of blockchain storage in China, encrypting the data through the block chain technology during the case processing, and ensuring the authenticity of the data through later hashing value comparison.

The wide implementation of blockchain in government work is based on a simple technical principle, that is, blockchain can break data barriers, solve trust problems and greatly improve work efficiency.

2. The financial

The financial field should be the most "natural" field for the implementation of blockchain technology. Since 2019, the application of blockchain in the financial field has been focused on cross-border services focusing on cross-border payment and financial products with inclusive nature for small, medium and micro enterprises.

In terms of cross-border payment, the representative application case has to mention the state administration of foreign exchange. With the cross-border financial blockchain service platform declared by China banknote, the verification time is reduced from one day to 20 minutes based on the blockchain technology. Ping an group's blockchain platform, yizhang tong, has provided services to more than 200 Banks, 200,000 enterprises and 500 government and other business institutions at home and abroad.

In terms of inclusive financial products, guangzhou has launched a local financial blockchain credit sharing platform. This platform has solved the pain point of the credit status of smes that is difficult to evaluate and financing. At the same time, this case also has symbolic significance for the industry's demand for privacy in terms of technology implementation.

Based on several cryptography technology innovations of xunlei chain, this platform implements multi-level key and symmetric encryption functions, truly realizing "penetrating supervision" of nodes and desensitization processing of data, that is to say, information traceability requirements can be met without disclosing privacy. In addition, the simple access method is also very consistent with the actual situation of the current credit investigation and financing industry.

3. Digital currency

Since its birth, blockchain has been introduced to the public with the concept of digital currency, and people have turned their attention to the technology itself.

One of the most notable events in digital currencies in 2019 was Facebook's announcement of Libra to the world.

Libra is issued by anchoring the currencies of several sovereign states, including the dollar and euro, and reserves are managed by a specially formed Libra association. Thanks to social networks, Libra has the potential to provide a system of inclusive finance, but its launch has also provoked controversy around the world.

However, regardless of its endgame, Libra has made a strong mark in the history of blockchain development. It showed democracy around the world the potential of digital money. To some extent, it has promoted the research and development of CBDC, including DC/EP(digital currency/electronic payment) of the people's bank of China, and may lead to changes in the global financial and monetary system in the future.

4. Copyright

Copyright seems to be one of the easier things to think about, and blockchain is suitable for landing scenarios. And in the past year, the application of the block chain in the field of copyright, however, but also around the thunderbolt chain. In the field of copyright protection, the heavyweight unit "China copyright protection center", the copyright protection agency "shenzhen copyright association" and the well-known domestic media group "guangdong southern new media" are behind the block chain application of these units are the shadow of the thunderbolt chain.

The China copyright protection center, for example, has set up a chain of DCI standards to meet the demand of hundreds of millions of users for copyright in an era of explosive growth and more copying of digital content. For such a c-facing copyright service system, the operation must be one step in place, to achieve the real "fool" deployment.

With its million-level TPS, second-level confirmation processing capacity and elastic expansion capacity, xunlei chain breaks through the technical bottleneck of the current block chain, making the landing of DCI alliance chain possible.

5. Electronic receipts

As an area of collaborative innovation between the government and enterprises, electronic bills have also made breakthroughs with the block chain technology. The electronic invoice based on block chain is unique and can effectively solve the pain points of the traditional invoice, such as overinvoicing, overreporting and information fraud.

And the domestic also is in this respect also multipoint flower. In 2019, the finance department of yunnan province jointly issued the first block chain electronic bill in yunnan with alipay. Meanwhile, in shenzhen, tencent's blockchain platform released the latest data of the blockchain invoice business, covering more than 7,600 enterprises and 110 industries in shenzhen. In 2019, the cumulative invoice amount exceeded 10 million, and the total price tax exceeded 7 billion.

6. Back

Product traceability is perhaps the most representative feature of the block chain.

Tracing anti-counterfeiting has always been an important link in the field of commodity circulation, which is also the key to do block chain business, and there are also many domestic applications in this field. Alibaba's ant financial lab has applied blockchain technology to food safety and product traceability, giving products a blockchain "id card" that allows consumers to scan a qr code to obtain information such as product origin, date, logistics and inspection.

In addition, quantum cloud code, a professional provider of digital brand protection solutions in China, is fully online in xunlei chain, and the data of the whole business process is linked to the public, so as to ensure the transparency of all kinds of traceable data and provide professional anti-counterfeiting traceable solutions for the whole industry.

Data from jd.com shows that by the end of September 2019, jd.com's blockchain anti-counterfeiting traceability platform had also cooperated with more than 700 brands, with a total of more than 1.3 billion pieces of chain data, providing consumers with full traceability of product circulation data.

It can be seen that block chain technology is becoming the standard of "anti-counterfeiting traceability" of major platforms.

7. Health

Medical records are notoriously fragmented and error-prone, and inconsistent data-processing procedures often force hospitals and clinics to process inaccurate or incomplete patient records. And blockchain gives this problem a way to solve.

In the United States, the block chain electronic medical record system MedRec, developed by the Massachusetts institute of technology, can facilitate data sharing through block chain technology, and can also provide authentication and confidentiality services.

In Thailand, with the help of the thunderbolt chain, nam lai xuan university has helped more than 490 medical institutions managed by it to link up medical records and realize the online transfer of patients' medical records on the premise of protecting patients' privacy.

This cooperation is very representative in the application field of block chain technology. On the one hand, IT has realized the transnational application of technology; on the other hand, IT has completed the technology implementation in the field of medical care, which pays attention to privacy and is very complicated in the implementation of IT system, which once again verifies the potential of block chain.

8. Supply chain finance

In 2019, the financing demand of domestic accounts receivable exceeded 13 trillion yuan, but the actual loan capital was only 1 trillion yuan, and the penetration rate of supply chain finance market in B2B market was less than 20%.

This is improving as blockchain technology enters the game. In 2019, according to the information disclosed by netheart technology, xunlei chain and a chongqing auto parts group finance company jointly built the supply chain finance system. Therefore, the receivables, credit data and other information can be processed through standardized formal chain, so that the inter-enterprise debt can be easily split, one-key circulation, clear and traceable records, for enterprises to shorten payment days, improve the efficiency of capital flow.

In addition, ping an bank has also adopted block chain technology to build a supply chain accounts receivable financing platform to realize the early realization of accounts receivable of small and medium-sized suppliers. It can be predicted that the development of block chain, big data, artificial intelligence and other new generation of information technology is driving the transformation of traditional supply chain finance to digitalization and intelligence.

9. The public

In recent years, we can also see many charitable organizations start to embrace the block chain.

In 2019, alibaba.com's public welfare plan based on the ant blockchain was officially launched. Chain-based public welfare project is an open platform based on block chain technology, aiming to promote the construction of public welfare ecology with full coverage, transparency and authenticity. Not long ago, the first voluntary donation on the ant block chain was made successfully, which is a key step in the transparency of public welfare.

Coincidentally, the famous domestic public welfare fund "one foundation" by the "thunder chain" to achieve its own upgrade. Based on the technical features of blockchain, one foundation can ensure that donors are clear and queryable about the flow of their funds, while ensuring that financial information will not be tampered with. The anonymity based on technology also protects the privacy of donors.

10. E-commerce

Where there are transactions, there is a need for blockchain technology. During the singles' day event in 2019, alipay applied the block chain technology to the taobao seller show for the first time, and launched the block chain protection tool for merchants, making it easier to protect the rights of stolen pictures. When the merchant is in by the infringement of the stolen picture, can through the platform to complain and ask the other side to delete the picture, to solve the problem of proof proof which has troubled users for a long time in the past.

At the same time, e-commerce is a very complex scope, including a wide range of content, such as the marketing platform. At the end of 2019, hyatt launched the Magellan CVP platform. Magellan's daily processing data volume is estimated to be in the hundreds of millions, and instantaneous confirmation is needed in the process of data transmission. Magellan solved the technical implementation problem by using thunderbolt chain, and finally completed the construction of the trust and incentive system.

Finally, this mechanism and system can effectively reduce the customer acquisition cost of the brand and realize the realization of user consumption value. Later, anta, Dmall, cat eye and other well-known enterprises access to the Magellan platform. Blockchain makes the product of imagination come true.

Blockchain application of the thick thin hair

To sum up, in 2019, blockchain is gradually expanding its influence, and more and more enterprises and institutions are beginning to realize the potential value of blockchain, such as the role of blockchain in promoting data sharing, optimizing business processes, reducing operating costs, improving collaborative efficiency, and building credible systems.

If the focus of 2018 is the improvement of technology level, then with the sporadic implementation of blockchain technology in the traditional field in 2019, the "new competitive era" of enterprises in the field of blockchain application is beginning.

Source:weixin.qq.com