China's policy on blockchain

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

5.

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