Zhejiang Financial Technology Association Blockchain Committee settled in Hangzhou

On January 13, 2017, the Zhejiang Blockchain Industry Development Seminar and the unveiling ceremony of the Blockchain Committee of the Zhejiang Financial Technology Association were successfully held at the Zhejiang Internet Finance Center.

The "13th Five-Year National Informatization Plan" issued by the State Council recently mentioned that by 2020, the construction of "Digital China" will achieve remarkable results and the informatization capabilities will be among the best in the world. Among them, blockchain technology was included in the "National Informatization Plan" for the first time. Hangzhou is an important city for financial innovation and technological innovation. The establishment of the Blockchain Committee aims to follow the latest development trend of financial technology, guide the healthy development of the financial technology industry in our province under national policies and financial supervision, and create a healthy, orderly, standardized and benign industry ecology.

Blockchain companies in Hangzhou are developing rapidly, but there has been a gap in industry regional associations and self-regulatory organizations. The establishment of the special committee has filled the previous gap and formed a situation of multi-legged development of blockchain with Beijing Zhongguancun Blockchain Alliance, Shenzhen Golden Chain Alliance, Shanghai Lujiazui Blockchain Development Alliance and other regional blockchain developments.

Elites of blockchain startups including Zhang Yifeng, President of China Banknote Printing and Paper Research Institute, Chen Jianke, Executive President of Zhejiang Financial Technology Association, Zeng Linchuan of Jinqiu Holdings, Li Wei, CEO of QuChain Technology, Chang Qia, founder of Babbitt, Gao Hang, founder of Baoquan.com, Hu Dong, Chairman of Ebang Communications, Tu Songhua of Canaan Creative, Cao Yin, founder of Energy Blockchain, John Riggins, Head of BTCmedia China, and other expert representatives from venture capital, banking and finance industries witnessed the unveiling ceremony.

Under the chairmanship of Zeng Linchuan, manager of Jinqiu Blockchain Division, the guests present at the meeting offered suggestions and advice for the development of the association. Li Wei, CEO of Quchain Technology, mentioned that blockchain is a means rather than an end, and technology should serve people. The development focus of blockchain start-ups is to broaden their horizons and communicate application scenarios with all walks of life. Chang Qia, founder of Babbitt, made several practical suggestions for the development of the special committee, hoping that the special committee can enhance the communication and exchange among the blockchain brother companies in Hangzhou and promptly undertake the corresponding policies. At the same time, in the case of a shortage of blockchain development talents in Hangzhou, it is also urgent to carry out blockchain talent training and knowledge popularization.

Blockchain is not a panacea, industry problems need to be solved urgently

Zhang Yifeng, president of the China Banknote Research Institute, believes that the future development momentum of blockchain is positive, but the industry as a whole still has many problems that need to be solved urgently.

“For example, anonymity is a problem that all companies that connect to financial scenarios are currently facing. Most of the time, they try to circumvent it. Although technologies such as zero-knowledge proof have been proposed, there are no truly suitable solutions that can be directly applied. I hope that these problems can be actually solved in the new year of 2017.”

Under the guidance of the country's 13th Five-Year Plan, the Blockchain Committee of the Zhejiang Financial Technology Association will rely on the status of the Zhejiang Financial Technology Association in the financial technology industry, focus on the creation and application extension of blockchain technology in various industries such as banking and Internet finance, actively carry out exchanges and communication between industry and enterprises, combine university resources, and contribute to blockchain talent training and user education.