Your current location:Index -> Research Report

Blockchain’s sound at National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference

———— Release time:2020-02-13   Edit:  Read:19 ————

At the 2019 National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference, although Li Keqiang's government work report did not directly mention the term blockchain, it did mention big data, cloud computing, and the Internet of Things related to blockchain technology. Some CPPCC members and representatives of the National People's Congress expressed their views on the development of the blockchain.

 

The author noticed that the representative committee members provided advice and suggestions on the blockchain in different dimensions. The application scenarios involved are generally: strengthening the application construction of the medical and health industry, improving big data security protection measures, participating in the financing construction of private enterprises, creating a safe and reliable government affairs ecosystem, promoting the transformation and upgrading of traditional industries, promoting the effective development and utilization of credit data, assist in the development of charity and public welfare, and solve the current outstanding financial risks.


Simultaneous policy support and government affairs

 

The two conferences are platforms for making suggestions and discussing the country. Representatives of the two conferences put forward their own views on the regulatory policy of the blockchain and how the blockchain can empower government management. Wang Bin, member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of China Life Insurance(Group) Company, suggested that the introduction of blockchain and other means to promote the effective development and utilization of credit data, relevant national departments should introduce incentive policies to enable cloud computing, artificial intelligence, virtual reality / augmented reality, the Internet of Things, Blockchain and other technologies in the medical and health industry better integrate innovation and integration applications to meet the people's growing new medical and health needs. Zhou Hanmin, member of the Standing Committee of the Chinese People's Political Consultative Conference, vice chairman of the China Democratic National Construction Association, and deputy chairman of the Shanghai Municipal Political Consultative Conference, believes that the use of the Internet, big data, cloud computing, and blockchain in the government service sector should be accelerated, and technology should be used to force government function changes and process reengineering Build a lower-cost, more efficient, more secure and reliable government ecosystem. He suggested that try to study the "B to C" private blockchain technology, that is, establish a private blockchain between the website / client and each user, and record every user operation, so that even if the account is stolen or even occurs Economic loss can also be returned to the node before being stolen, and users can continue to use it after changing the password.


Financial risks attract attention

 

The more mature application scenario of the blockchain is fintech. Correspondingly, the chaos before the blockchain is also focused on illegal fundraising. It can be said that blockchain technology is a double-edged sword. If it is used well, it can prevent financial risks. If it is not used well, it can form financial risks. For this situation, the DPP submitted the "Proposal on Solving the Outstanding Problems of Current Financial Risks", which includes proposals to build a technology-based risk warning and financial supervision system. Introduce personal and corporate credit reporting systems and rating systems, make full use of blockchain technology, real-time analysis of big data, and cross-validation to support scientific and technological means to achieve the integration of the entire chain of assets and liabilities, and the entire life cycle of investment and investment management retirement. Risk warning and financial supervision. Gong Fuwen, a member of the National Committee of the Chinese People's Political Consultative Conference and deputy president of the Shaanxi Provincial High Court, put forward in his proposal "Strongly Promote the Innovative Development of Blockchain Technology" that The advanced layout of blockchain technology is applied in the financial industry and electronic depository, financial audit and other industries, leading the blockchain technology to serve the real economy. He suggested that it should be clear that digital tokens are not digital currencies, prevent hidden risks of digital tokens, and strictly regulate the financing of blockchain projects, innovate the concept of supervision, build a unified standard system and classify supervision. Drawing on computer technology protection, we will formulate special laws to strictly protect data privacy.

 

Technology landing is more important


Emerging technologies represented by blockchain technology should not only be theory on paper, but also need to be applied and trial and error based on actual application scenarios, so as to eventually mature and benefit the public. In this regard, deputies have not only a clear understanding, but also a sense of urgency. Dong Mingzhu, a representative of the National People's Congress and chairman of Gree Electric Appliances, said during the two sessions in2019 that he would put more funds on technological upgrades. In recent years, AI technology and blockchain technology have impacted people's thinking. What should change is not just concepts, but down-to-earth. Zhang Yunyong, member of the National Committee of the Chinese People's Political Consultative Conference and director of the China Unicom Research Institute, said that in terms of key technologies, China must not only rely on catching up, but also grasp the future. It must be advanced in the digital economy fields such as artificial intelligence, 5G, and blockchain. Wu Yiqing, member of the National Committee of the Chinese People's Political Consultative Conference and deputy chairman of the Hebei Provincial Party Committee of the Democratic People's Republic of China, was interviewed by reporters from the two conferences. During the interview, he said that in order to promote the new vitality of traditional industries, it is necessary to break down the information barriers, make full use of the blockchain thinking, and make overall plans to promote the technological transformation and upgrading of traditional industries, encourage enterprises to deeply explore the application potential of industrial big data and actively participate in the construction of "industrial chain" and "blockchain".

 

The author observes that it is the third year in the history of the NPC and CPPCC for the members to express their views on the blockchain. Unlike most of the representative members of the Internet field last year, such as Lei Jun, Zhou Hongzhang, Ding Lei, etc., who expressed their views on blockchain technology, this year's representative members who spoke on the blockchain came from various industries. Unlike last year's discussion on the technology itself, this year's representative committee mainly focused on commenting on the application and supervision of blockchain technology. This represents a deeper and wider understanding of blockchain.