Yuan Yuming: Blockchain applications are attracting attention and it is recommended to launch a special blockchain project

The 2019 National Two Sessions have come to an end. This year, the word "blockchain" has entered more proposals during the two sessions, and blockchain applications have received more concentrated attention. According to Interlink Pulse, as of the morning of March 12, during the two sessions of 2019, representatives had put forward 34 proposals and opinions on "blockchain", of which 21 were about blockchain applications, accounting for 61.8%.

As a technology leader in the blockchain industry, Huobi China is promoting blockchain technology to empower the real economy.

According to Hainan Daily, many high-tech companies and scientific research institutions have settled in Hainan since last year. Among them, Huobi China settled its headquarters in Hainan in September last year, and Huobi Talent and Hainan Ecological Software Park jointly established the Hainan Digital Economy Talent Training Service Base. The base will rely on the pioneering advantages of the Hainan Free Trade Pilot Zone and the Blockchain Pilot Zone of the Free Trade Port with Chinese Characteristics to accelerate the all-round training of blockchain talents and create a highland for digital economic talents in Hainan.

Blockchain is considered to be an epoch-making emerging technology that has the potential to propel human society from the "Information Internet" to the "Value Internet". Blockchain can form a truly meaningful integration and penetration development with the real economy and promote transformation and upgrading, which is something that the traditional Internet industry cannot achieve. It is difficult for the traditional Internet model to directly penetrate into the value chain system of traditional industries, but blockchain technology has more possibilities for implementation.

According to the "2018 China Blockchain Industry Development White Paper" released by the Information Center of the Ministry of Industry and Information Technology, in the next three years, blockchain technology will be widely implemented in the real economy and become an important support for the construction of Digital China.

Huobi China CEO Yuan Yuming said that in the field of blockchain applications, China's overall industry is still in its infancy. Blockchain applications were first used in the financial industry, and are now slowly developing into applications in other traditional economic fields such as copyright, supply chain, and judicial evidence storage. However, there is still a lack of representative leading enterprises or benchmark large-scale blockchain application projects in China, and the number of blockchain application startups is far less than that of technology startups.

Since its establishment, Huobi China has carried out practices in promoting the development of the blockchain industry and technological empowerment in various industries. It has currently participated in the construction of multiple "blockchain+" transformation projects in the real economy.

At the end of 2018, Huobi China cooperated with China Mobile Internet of Things, A-share listed companies Hytera (002583), and Century Qianjin to launch the first domestic identity verification sharing platform based on blockchain and IoT technology, which has wide application value in areas such as express delivery, rentals, and tourism real-name systems. In December 2018, Huobi China and NEEQ company Siyin Co., Ltd. (430152) jointly created the "Haima Energy Supply Chain" to promote the implementation of blockchain in user growth of private gas stations, intelligent service platforms, oil traceability, and oil supply chain finance.

At the same time, Huobi China is also the first batch of strategic partners of the Blockchain Branch of the China Group Company Promotion Association to jointly build a benchmark platform for blockchain industry services.

In an exclusive interview with "Investors News", "What suggestions do you have for the development of China's blockchain industry?" ”, Yuan Yuming said that it is recommended to adopt a multi-pronged approach from the perspectives of talent, technology, and capital to introduce national-level special blockchain policies and guidance.

First, further introduce policies and improve mechanisms. Establish a market-oriented mechanism, encourage diversified investment, introduce investment through government procurement, service outsourcing, franchising, PPP and other models, rely on professional enterprises to carry out government and social blockchain applications, and gradually establish a blockchain investment and construction mechanism guided by government funds, with social funds as the main body, and managed by professional institutions.

The second is to increase investment in scientific research and technology introduction. The blockchain industry is a technology-intensive industry that requires advanced science, technology and theoretical guidance. Well-known universities and research institutions at home and abroad should be encouraged to conduct industry-university-research cooperation with top blockchain companies to create a research environment that can cover the complete industrial chain of blockchain and guide the healthy and sustainable development of the blockchain industry.

The third is to strengthen talent training and talent introduction. Competition in high-tech industries is ultimately a competition for talents. To develop the blockchain industry, it is necessary to strengthen the introduction and training of blockchain innovative and entrepreneurial talents.

Regarding the development status of blockchain technology and how to achieve better integrated development with traditional industries and empower the transformation and upgrading of traditional industries, Yuan Yuming pointed out that in the long run, as a disruptive technology, blockchain will inevitably lead a new round of global technological changes and industrial changes, but leaders are needed to promote changes in the times, so it is very hoped that benchmarking large-scale blockchain application projects will emerge, which can set an example for all domestic blockchain practitioners, establish a correct value orientation, and lead the industry in the right direction.

(Source: Bibi Finance)