The two sessions are coming soon: How will the blockchain industry develop in 2021? A sneak peek at the proposals on "blockchain"

The two sessions are coming soon: How will the blockchain industry develop in 2021? A sneak peek at the proposals on "blockchain"

What will happen to the blockchain industry in 2021?

According to incomplete statistics, as of now, at least 20 of the 31 provinces (autonomous regions and municipalities) in the country have included blockchain in their 2021 government work reports.

The 2021 National "Two Sessions" are about to be held. Standing at the new starting point of the 100th anniversary of the founding of the Party and the comprehensive victory in building a moderately prosperous society, China will comprehensively outline the 14th Five-Year Plan and the long-term goals for 2035.

During the two sessions of the local governments this year, "blockchain" has become a high-frequency word in the work reports and development plans of local governments. Beijing proposed to build a trusted digital infrastructure based on blockchain, set up an international big data exchange, and promote the construction of a high-level autonomous driving demonstration zone. Shanghai emphasized the need to focus on promoting the digital transformation of cities and vigorously promote the digitalization of the economy, life, and governance...


In general, different regions have different positioning for blockchain in the development of the blockchain industry, but local government work reports generally believe that blockchain is in the technology cultivation period and has high future value. At the same time, it also clearly expresses the attitude of local governments in supporting the development of blockchain technology and industry, which plays a positive role in guiding and promoting the development of local blockchain industry.

In addition, as the two sessions approach, many representatives and delegates have put forward proposals related to blockchain.

1

Yu Xinwei, member of the National Committee of the Chinese People's Political Consultative Conference, vice chairman of the Guangzhou CPPCC, and chairman of the Guangzhou Committee of the China Democratic League, will submit a proposal at the National People's Congress to "use blockchain to strengthen the supervision of online games and help young people form good online behavior habits."

In her proposal, she pointed out that it is necessary to study the policies and technical standards for online game management based on blockchain technology; build a game supervision and management platform based on blockchain technology; build a full life cycle management platform for game development based on blockchain; and build a youth Internet management platform based on blockchain.

2

Liu Feixiang, deputy to the National People's Congress and secretary of the Party Committee of China Railway Construction Heavy Industry Group, suggested that the technical characteristics of blockchain, such as decentralization, trustworthiness, and efficiency, be used to build an industrial blockchain for the construction machinery industry, encourage related companies to go online, and establish an efficient collaborative ecosystem.

A construction machinery industry blockchain alliance can be established under the guidance of the government and led by universities, blockchain companies, large-scale construction machinery manufacturing and logistics companies. It will be responsible for the research of standards and models of the construction machinery industry blockchain, the formulation of industry blockchain data specifications, application specifications, smart contract specifications, information security specifications, etc., and the coordination of alliance affairs.

Liu Feixiang said that it is recommended to use blockchain technology to accelerate the cultivation of the market for various data elements of construction machinery, systematically promote the construction of industrial information infrastructure and data resource management system, and promote the transformation of the industrial economy from high-speed growth to high-quality development.

3

In addition, the Taiwan Democratic Self-Government League Central Committee suggested at the 2021 National People's Congress: Rationally utilize blockchain technology to promote the construction of medical informatization:

First, a new model for preserving and sharing medical information should be established, and a credible institution, i.e. a third party, should be introduced to endorse data security. Second, real-time data sharing should be achieved to promote close cooperation among medical alliances. Compared with traditional technologies, blockchain technology can achieve near real-time data sharing in terms of data transmission speed and response time. Third, an efficient and reliable medical device and drug traceability system should be established. Based on the immutability and information authenticity of blockchain technology, the entire process of application, approval, procurement, acceptance, use, management, maintenance, repair, and scrapping of drugs, equipment, and consumables can be traced back, making the procurement, management, and configuration of hospital equipment and drugs more reasonable and realizing the information management of the entire process.

The entire blockchain industry is thriving.

We also know that when a new technology first starts, it is always led by network development, and the dividends of network development will be very high, followed by the application. When the network development gradually matures, the application will be very popular and develop rapidly. The blockchain industry is no exception.



After several years of technology accumulation and exploration of application directions, the entire blockchain industry has indeed found some breakthroughs, but overall, blockchain is still in the stage of laying the foundation and building infrastructure. The development of applications has just begun, and the time has not yet come for the application value to surpass the network. However, once the overall construction is basically mature, it will be the time for the application to explode.

When applications explode, it is of course when the information flows such as network, computing, storage, and value exchange are all flowing smoothly. The most important point at this time is that all of these must be supported by infrastructure. Storage, including data exchange, is a very important part.

Currently, the construction of storage infrastructure has just begun.


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