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China will control blockchain

Publish: 2021-05-08 13:41:25
1.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

2. The subversive characteristics of blockchain lie in the following four aspects: first, transparency. The data record of the blockchain system is transparent to the nodes of the whole network, and the update operation of the data record is also transparent to the nodes of the whole network, which is the basis of the trustworthiness of the blockchain system. Because the blockchain system uses open source programs, open rules and high participation, the data records and operation rules of the blockchain can be reviewed and traced by the nodes of the whole network, with high transparency< Second, openness. The blockchain system is open. In addition to the fact that the private information of the parties directly related to the data is always encrypted, the data of the blockchain is open to all (except the blockchain system with special permission requirements). Anyone or participating nodes can query blockchain data records or develop related applications through the open interface, so the information of the whole system is highly transparent< Third, information can not be tampered with. Once the information of the blockchain system is verified and added to the blockchain, it will be permanently stored and cannot be changed (except for private blockchain systems with special change requirements). Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high
Fourth, decentralization. Decentralization is the most basic feature of the blockchain, which means that the blockchain no longer depends on the central processing node and realizes the distributed recording, storage and updating of data. In the traditional centralized network, attacking a central node can destroy the whole system, while in a decentralized blockchain network, attacking a single node cannot control or destroy the whole network. More than 5% of the nodes in the master network are just the beginning of gaining control. 2019 is the first year for the commercial application of blockchain technology, and the stimulation of favorable policies will make the development of blockchain technology more stable
with the application of blockchain technology graally penetrating into many fields such as digital finance and Internet, we have a clearer understanding of the value of blockchain
blockchain has formed a situation of global competition, and all countries are seizing the development opportunities, let alone China; Therefore, there is no doubt that blockchain has become a national strategy.
3. Now it has entered the era of digital currency. In recent years, digital currency is very popular. For example, blockchain is the focus of people's attention. Now more and more people begin to pay attention to blockchain. Many people are concerned about blockchain's entry into China's market. Domestic policies have not explained blockchain in detail. Many people are worried about whether blockchain is legal? Is blockchain legal in China? Xiaobian, let's explain the blockchain in detail

on April 9, 2017, Hangzhou municipal government and a company jointly set up a $10 billion xiongan global blockchain innovation fund, which can promote the development of blockchain projects. This initiative has also attracted the attention of many relevant financial people. At present, Hangzhou blockchain Instrial Park is one of the important initiatives funded and developed by the municipal government, I believe this case has also become one of the representative cases in China. Since then, more and more blockchains have developed all over the country<

at present, China has a new understanding of digital currency, analyzing the value of digital currency in essence, and relevant departments are also actively participating in the corresponding research. The central bank has set up a special research group and digital currency Research Institute, hoping to further explore the digitalization of sovereign currency. From the side, it can be seen that China has a positive attitude towards blockchain technology, and the Chinese government has repeatedly stressed the important role of blockchain technology in reshaping the global financial pattern

with the development of global economy, the Chinese government has realized the commercial development of domestic blockchain projects. From the blockchain projects invested by Hangzhou municipal government, it can be seen that more and more provinces will start to carry out blockchain projects in the future, which can promote the development of local economy

is blockchain legal in China? At present, the Chinese government is actively studying blockchain, and has carried out blockchain related projects in some provinces. Through the above introction, I believe that people should have a certain understanding of the blockchain. I believe that in the near future, there will be more and more blockchain projects, which can promote the development of domestic economy and enable more and more people to get more wealth from blockchain projects.
4. First, blockchain standardization, the formation of a standard system to solve all aspects of the problem, including international standards, national standards, instry standards, standards to be developed

  • secondly, test verification includes test cases, test plans, test tools and test environment. According to GB / T 25000.10 -, 4.3.1 proct quality model and blockchain reference architecture

    Third, promote the standard application demonstration. It can be divided into three stages. Firstly, it needs to go through the research stage, including the preparation of the white paper, the formation of the draft and the establishment of the standards working group at the end of 2016. In order to promote the development of blockchain technology, the focus of the next stage is to find real application cases in various instries (financial services, supply chain management, entertainment, etc.) and create typical cases. Li Ming said that this will be carried out graally in the second half of this year

    Fourth, build open source community, including open source official website, instry alliance, training and certification, summit and hacker marathon, technical committee, communication tools, etc. The goal is to form an independent, safe and controllable general technology solution for blockchain, to track and study the development trend of foreign blockchain open source, to explore the possibility of domestic technology open source, and to form an open source solution suitable for China

  • 5. Some foreign legal blockchain platforms will be regulated in China, and the laws of the two countries are different.
    6.

    the blockchain instry is on the eve of the application outbreak

    as a kind of underlying technology, with the support of policy direction, blockchain is attracting more and more exploration of application landing. At the recent 2019 future business ecological link conference, Zhu Youping, deputy secretary of the general Party branch of China economic network management center of the state information center, pointed out that after 11 years of trial and error, the technology of blockchain has basically been commercially available, and the instry is now on the eve of application explosion

    Wu Xiaochuan, a senior expert in Zhongan technology's blockchain development, told the 21st century business reporter that the biggest difficulty in the current blockchain landing instry is how to map the physical world and the blockchain world one by one, which needs multi-disciplinary joint efforts to solve. Internet of things technology is an important part of it. With the blessing of 5g, cloud computing and other technologies, it will bring more complement and support to the implementation and application of blockchain technology in the future

    according to the prediction of tractica, the analysis organization, the global enterprise blockchain market will reach US $20.3 billion by 2025

    key node of technology and standard promotion

    compared with other underlying technologies, blockchain has also experienced a relatively tortuous development process, and there is still a way to go in terms of integration with multiple technologies and setting of its own standards

    Zhang Xiaojun, head of Huawei's blockchain, pointed out in his speech at the conference that today's blockchain technology is more like the development stage of the Internet from 2002 to 2003. If the relevant standards of blockchain can be mature in 2020, including cross chain standards, storage standards and standard data format storage, large-scale commercial use will be accelerated in 2021

    China's blockchain instry is still in its infancy, but with the continuous support of national policies, the continuous progress of instry technology and the increasing demand of downstream applications, China's blockchain instry is expected to continue to maintain high-speed growth. In 2011, the market scale of China's blockchain instry was less than 6 million yuan. By 2018, the market scale of China's blockchain instry has grown to 67 million yuan, maintaining a rapid growth rate of more than 80%. It is estimated that in 2022, driven by policy support and downstream demand, the market scale of China's blockchain instry is expected to exceed 450 million yuan

    market size statistics and growth forecast of China's blockchain instry from 2015 to 2022 Zhu Youping pointed out to the reporter of the 21st century economic report that with the technical blessing of 5g and even future quantum computing, these weaknesses will be quickly made up

    for more data sources and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute. Meanwhile, foresight Instry Research Institute also provides instrial big data, instrial planning, instrial declaration, instrial park planning, instrial investment promotion and other solutions

    7.

    Vpay, full name is visual payments, Chinese means virtual payment. It was first established in the United States as a platform for digital currency trading, such as bitcoin, quark coin, Leyte coin, etc

    vpay is a payment platform for the circulation of digital currency, which was created by Mark & Chen 9642, a former technology executive of Google; Created by Milo. Vpay is a platform without borders, digital trading platform, international shopping mall platform, like Alipay and WeChat. The difference is that Vpay is developed by the most popular block chain technology in the financial circle since 2017. It can achieve cross border transfer without any spot, and there is no fee. p>

    extended data

    digital currency is short for digiccy, which is the abbreviation of "digital currency" in English, and is the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

    digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form

    8. The only criterion for investing in a project is whether the project can make money for itself
    blockchain projects are also projects. If you want to add value to your investment, you need to have the following aspects:
    1, self-development ability, complete business system and investment guarantee mechanism. This is very important. Many projects do not mention the investment guarantee mechanism, which is to leave a way out for the future
    PS: it's said that the project of global integral treasure is quite good. You can pay attention to it.
    9. Looking forward to 2021, the top-level design of China's blockchain will be further improved, the application standards of various instries will be graally established, and the development direction will be from technology leading to market penetration; The application of blockchain convergence in finance, supply chain, government affairs and other fields begins to land, and the instrial scale will show rapid growth. However, many problems in the development of China's blockchain still need to be focused and solved or alleviated in 2021. For example, the independent innovation ability of core technology still needs to be further strengthened, the security problem and talent gap need to be improved, and the integration application scenarios still need to be further explored. Therefore, CCID Research Institute proposes to accelerate the construction of the blockchain ecosystem, improve the standards and regulations, improve the regulatory system, strengthen the independent innovation ability of core technology, promote the coordinated development of blockchain and other new technologies, and vigorously cultivate professional talents, so as to realize the healthy development of the blockchain instry
    since 2014, easy security has been committed to independent innovation in the research and development and application of blockchain. It is a mature blockchain electronic data storage and preservation institution that uses blockchain technology to solidify electronic data and is recognized by the judicial authorities. By creating the mode of "blockchain + justice + application", taking blockchain technology as the underlying technology and electronic data preservation as the basis, three application layer brands of intellectual property protection (micro right), electronic contract signing (Junzi sign) and Internet notarization system (zhongzhengbao) were launched
    the joint Notary Office of easy preservation, Arbitration Commission, right protection center and Ca organization jointly launched the "preservation chain" open platform. At the same time, Guangzhou Internet court and more than 30 courts led by the supreme law participated in the judicial chain. By constantly improving the "blockchain + justice" ecosystem, easy preservation can provide different groups with one-stop blockchain preservation services such as evidence collection, certificate storage and certificate issuance
    at present, it has obtained 15 independent invention patents, 27 rights, ISO 27001 Information security system certification, three-level certification of Ministry of public security, national double high enterprises, instrial Internet pilot demonstration project of Ministry of instry and information technology of the people's Republic of China in 2018 (the only selected project of blockchain), and national & 12153in 2019; Information Office; Batch of domestic blockchain information service record enterprises.
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