Huobi CTO Cheng Xianfeng "poured cold water" on the blockchain industry conference and called for rationality in the industry

On August 21, the "China Blockchain Industry Conference" co-organized by the Global Sharing Finance 100 Forum and Contemporary Financier magazine was successfully held at the Beijing National Convention Center. Huobi.com CTO Cheng Xianfeng , Chairman of the Global Sharing Finance 100 Forum Board of Directors Wang Yongli and hundreds of blockchain technology experts and industry elites were invited to participate in the conference.

The conference was themed "Sharing and Development" and attracted more than 1,500 participants. Wang Yongli , Chairman of the Global Sharing Finance 100 Forum Council , Senior Vice President of LeEco Holdings (Beijing) Co., Ltd., and CEO of LeEco Finance, Li Lihui , Member of the Financial and Economic Committee of the National People's Congress, Head of the Blockchain Research Working Group of the China Internet Finance Association , and Former President of the Bank of China, delivered speeches. Yao Yudong, Director of the Financial Research Institute of the People's Bank of China, Xiao Feng , Vice Chairman and Executive Director of China Wanxiang Holdings Co., Ltd., and Wang Zhongmin , Vice Chairman of the National Council for Social Security Fund, and other experts and leaders attended and delivered speeches.

Li Lihui, member of the Financial and Economic Committee of the National People's Congress, leader of the Blockchain Research Working Group of the China Internet Finance Association, and former president of the Bank of China, delivered a speech

Huobi Blockchain Research Center, which has been researching blockchain since 2015, also attended the conference, and Huobi CTO Cheng Xianfeng expressed his unique views. In the "Energy Blockchain: Energy Internet Era 2.0" forum, hosted by Cinda Securities Chief Blockchain Expert Cao Yin, Huobi CTO Cheng Xianfeng, Guofu Capital Chairman Xiong Yan, Cinda Securities R&D Center Managing Director Guo Jingpu and other guests held a roundtable dialogue on the theme of "Energy Blockchain Will Subvert the Energy Industry" .

Huobi CTO Cheng Xianfeng participated in the forum roundtable discussion

The guests mainly expressed their views and discussed the following three issues:

1. Attitude towards whether blockchain can subvert the energy industry.

Many guests expressed optimistic expectations about the future application of blockchain technology. The huge energy industry will bring convenience to people's lives in terms of energy conservation, emission reduction, green and low-carbon development. However, as a representative of the blockchain industry, Cheng Xianfeng held a slightly pessimistic attitude, pointing out that the actual application of blockchain technology is still in the embryonic stage of the concept and is still far from real subversion. He hoped to bring calm thinking to the industry amid the blockchain craze. In the end, the host and guests reached a 3-3 tie on whether blockchain has not yet reached the stage of large-scale application.

Huobi CTO Cheng Xianfeng expressed his views

2. Possible application scenarios of blockchain technology in the domestic energy field.

Professional guests who are deeply involved in the energy field proposed imaginative future life scenarios such as "carbon trading", "power reform" and "microgrid". Cheng Xianfeng proposed the application of credit tracking through blockchain data in the energy field, and used blockchain combined with smart meters to easily resolve some stubborn problems in social energy use.

3. In one sentence, how many years will it take for the first valuable blockchain application to be implemented in the energy industry?

Some guests on the stage were more cautious and estimated that it would take 3-5 years, while some more optimistic guests believed that it would only take 1-2 years. Cheng Xianfeng predicted that it would take about 3 years, as there are still some problems that need time to be solved before it can be put into practical application.

This blockchain industry conference brought together elites from the blockchain and various industries, including Huobi.com, to discuss issues such as blockchain's underlying technology, application innovation, industrialization process, and capital trends, and to provide suggestions for promoting the formulation of industry standards for blockchain technology development and the implementation of industrial applications.

Since 2014, blockchain research has been in full swing, and the world is competing to develop blockchain technology. In China, this technology has also quickly attracted the attention of the financial community and the government. Some experts believe that blockchain is the core key technology for building the future cyberspace. Whether it is the Internet of Things, finance, trade, agriculture, smart devices, medical care, education, justice, copyright, or even family entertainment, sports and fitness, etc., they will all rely on the development of blockchain technology.