Development of blockchain national policy

1. Since 2019, blockchain has been mentioned continuously. As the key technology of the next generation Internet, governments and giant enterprises have increased their efforts in the research and application of blockchain, and the competition for the right to set instry standards is becoming fierce
according to the "2019-2020 global blockchain technology layout and business investment trend research report" released by AI media consulting, with the further liberalization of policies in the future, China's blockchain instry will usher in a stage of rapid development, and is expected to enter the first echelon of global blockchain instry in an all-round way< The importance of blockchain technology to a new round of instrial reform has been paid more and more attention. Major countries around the world have accelerated the research and development of blockchain technology. However, because the instry has not yet formed a unified technical standard system, the application and promotion of blockchain are still subject to many restrictions< Second, the barbaric growth has ended and the instry has entered a new stage
after the capital winter of 2018, a large number of blockchain enterprises have been eliminated, the overall popularity of the instry has declined, and the capital has returned to rationality, and the barbaric growth stage of the blockchain instry is coming to an end. In 2019, policy factors will pull the blockchain back to the development wind, and capital and talents will flow into the blockchain instry again. With the continuous advancement of application, supervision and standardization, truly competitive blockchain enterprises will graally emerge, and the instry will usher in a new round of rapid growth.

2.

in 2019, the market scale of China's blockchain instry will reach 1.2 billion yuan

in 2016, the market scale of China's blockchain instry will be about 100 million yuan, and it will grow to 1 billion yuan by 2018.
in 2019, the scale of China's blockchain instry will grow steadily, with an instrial scale of about 1.2 billion yuan. With the attention and attention of local governments, it is estimated that by 2022, the market scale of China's blockchain core procts and solutions and related derivative instries will reach 10 billion yuan

from the research results, in terms of consensus mechanism, China's consensus mechanism graally moves from single algorithm to mixed consensus; In terms of cryptographic algorithms, cryptographic algorithms such as secure multiparty computation, homomorphic encryption and zero knowledge proof are continuously integrated and applied; The research of cross chain technology and security technology has graally become a research hotspot

from the perspective of blockchain hardware, at present, the world's most important digital currency mining equipment suppliers are all located in China, and only bitmainland, Jianan Yun and Yibang technology occupy more than 90% of the market share

from the perspective of instry application, the financial instry is the instry with the largest number of blockchain technology implementation projects and the richest scenarios, such as supply chain finance, asset certificate aromatization, credit reference and risk control

in 2020, the blockchain instry will be further standardized

in 2020, China's blockchain policy will continue to be favorable, the standard specifications will be more perfect, the instrial scale will continue to grow, the technology will continue to innovate and develop, and the application demonstration effect in key fields will accelerate. At the same time, according to the problems existing in the development of China's blockchain in 2019, CCID blockchain Research Institute puts forward six suggestions: accelerating the formulation of top-level design, establishing and improving the regulatory system, accelerating the innovation and development of core technologies, promoting the third-party evaluation and certification, strengthening the cultivation of professional talents, and accelerating the implementation of applications in various fields

- the above data comes from the analysis report of China's blockchain instry market outlook and investment strategic planning of foresight Instry Research Institute

3. Driven by policy and market, blockchain instry has a bright future
driven by policy and market, China's blockchain related instries are expected to move from virtual to real
in the context of rapid development of blockchain, China should comply with the needs of globalization, keep up with the international pace, and actively promote the research, standardization and instrialization development of domestic blockchain related fields. Compared with the increasingly stringent supervision of bitcoin and other digital currencies, the support and encouragement of blockchain technology has reached a consensus in the world, and the domestic blockchain technology will also receive national and local policy support in the next few years. Driven by policy and market, blockchain related instries are expected to move from virtual to real, and blockchain technology will accelerate the exploration of possible application scenarios< According to the data of the "in depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, the global blockchain market scale is expected to increase from US $411.5 million in 2017 to US $7683.7 million in 2022, with a compound annual growth rate of 79.6%. In view of the wide application range of distributed ledger, the rising market value of cryptocurrency, the strong demand for improving transparency, security, efficiency and simplifying process, and the popularity of blockchain as a service (
baas), the blockchain market will expand rapidly. In addition, communication services, international trade, supply chain management, programming platform, payment, smart contract, digital authentication and so on are also in urgent need of blockchain technology, which will create a lot of growth opportunities
as an integrated application of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, blockchain has become a research hotspot of the United Nations, the International Monetary Fund and other international organizations as well as many national governments in recent years, and the instry has also increased investment. At present, the application of blockchain has extended to the Internet of things, intelligent manufacturing, supply chain management, digital asset trading and other fields, which will bring new opportunities for the development of cloud computing, big data, mobile Internet and other new generation information technology, and have the ability to trigger a new round of technological innovation and instrial change
by 2022, the payment sector may occupy the largest share of the blockchain market
relying on blockchain technology, real-time payment of assets can be realized, which not only has the characteristics of tamper proof and digital authentication, but also can greatly save the cost of settlement for financial institutions and banks. In addition, blockchain makes payment automation possible, eliminates the need for middlemen, and saves labor costs and time for buyers and sellers. Thanks to the above advantages, it is expected that the payment sector will be the heaviest one in the whole blockchain market
the fastest growing region will be the Asia Pacific region.
blockchain service providers in the Asia Pacific region are good at designing and developing cryptocurrency platforms with friendly interface, cost saving and high speed, and extending the application of blockchain in many instries. Both large enterprises and small and medium-sized enterprises are actively seeking risk financing, investing in and developing the most cutting-edge blockchain technology. In addition, the real estate instry of some countries in the Asia Pacific region is expected to rapidly transform from translucency to full transparency, which also helps to enhance the development prospects of blockchain in the Asia Pacific region.

4. 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.

5. China's local policies have been introced, which series of related policies? This is not very clear. Is this a national document?

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