Blockchain reconstructs the trust system of public resource transactions Experts say it will improve the efficiency of government social services

Recently, the 2020 Public Resource Trading Blockchain Seminar and Application Results Conference was held in Guangzhou. At this conference, the sponsor Trusted Blockchain Promotion Program officially released the "White Paper on the Application of Blockchain in Public Resource Transactions (2020)" (hereinafter referred to as the "White Paper"). The white paper believes that the application of "blockchain + public resource transactions" will inevitably go through a process of gradual promotion from point to point, and gradually mature from exploration and practice.

The field of public resource transactions is also gradually exploring and researching blockchain applications. This is due to the characteristics of blockchain technology such as decentralization, tamper-proof, traceability, and high transparency, which can effectively solve the pain points in the field of public resource transactions. In this regard, Zheng Lei, Chief Economist of Baoxin Finance, said in an interview with a reporter from the Securities Daily that at present, blockchain technology and applications are relatively mature in this regard and can be widely promoted. This can not only improve the government's social service efficiency, but also better play the public service function.

Voice | Liu Renjie: The research and application of blockchain technology is a good opportunity for the transformation and development of financial institutions: Recently, ICBC Yangzhou Branch and Xinhua Daily Yangzhou Branch jointly held "Li Guangdou's Discussion on Blockchain and Brand Yangzhou Lecture" at the Guest House ".

Liu Renjie, vice president of ICBC Jiangsu Branch, said in his speech that the research and application of blockchain technology is a good opportunity for financial institutions to reduce operating costs, enhance competitiveness, and achieve transformation and development. Chain Lab, launched the first independent and controllable blockchain platform. At present, ICBC has owned three blockchain patents and built a blockchain system serving the real economy. He also reminded residents and friends to have a scientific, accurate and comprehensive understanding of blockchain, to prevent scams using blockchain as a gimmick and illegal fund-raising activities under the name of \"virtual currency\". It is an important classroom to improve financial literacy and prevent financial risks. [2019/12/10]

According to the relevant data in the white paper, since 2015, the national public resource trading platform system has been basically formed, 32 provincial-level public resource trading public service systems, and more than 600 public resource trading systems have been connected to the "National Public Resource Trading Platform". According to the estimated data of the China Federation of Logistics and Purchasing, the national public resource transaction market size in 2019 is nearly 30 trillion yuan.

Voice | Deputy Secretary of the Changsha Municipal Party Committee in Hunan: Accelerate the cultivation and introduction of talents to ensure the healthy and orderly development of the blockchain industry: Golden Finance Report, November 1, Hu Zhongxiong, Deputy Secretary of the Changsha Municipal Party Committee, Mayor, and Secretary of the Party Working Committee of Hunan Xiangjiang New Area presided over The mayor's office meeting was held to study the development of the city's logistics industry, blockchain technology and applications, and the development of the financial industry. The meeting researched the city's blockchain technology and application work. Hu Zhongxiong affirmed that Changsha's blockchain technology and application work has achieved remarkable results. He asked to take advantage of the great opportunity that the central government attaches great importance to and supports the development of blockchain, seize the trendy period, and occupy the commanding heights. To strengthen the development platform, focus on the two parks, activate the role of the collaborative innovation platform, and strengthen platform support. To highlight the characteristics of Changsha, focus on the Malanshan Video Cultural and Creative Park and Yuelu Inspection and Testing Park, strengthen the construction of the standard system, and create a number of standard systems that have a leading position in the country. It is necessary to liberalize the application scenarios and focus on promoting demonstration applications in the fields of community party building, e-government, credit investigation, inspection, testing and certification. It is necessary to speed up the cultivation and introduction of talents, strengthen risk prevention and control, and ensure the healthy and orderly development of the blockchain industry. [2019/11/2]

At present, there are many pain points in the field of public resource transactions, mainly including the following aspects: first, the inconvenient cross-regional transactions of market players; second, the problem of fraudulent credit data of market players; third, the credibility risk of the transaction process; fourth, the difficulty of financing for market players Fifth, the quality of transaction data is not high and the value of data elements has not been fully explored.

Voice | Gong Zheng, Governor of Shandong Province: Relying on blockchain and other advanced technologies to promote media integration and development: According to Dazhong.com, at 9 am this morning, the second meeting of the 13th People's Congress of Shandong Province opened at the Shandong Hall in Jinan. Liu Jiayi, secretary of the Shandong Provincial Party Committee and director of the Standing Committee of the Provincial People's Congress, attended and presided over the meeting. Deputy Secretary of the Provincial Party Committee and Governor Gong Zheng delivered a government work report to the meeting on behalf of the provincial government. The government report proposes to promote the integrated development of media, and use advanced technologies such as artificial intelligence, big data, cloud computing, and blockchain to focus on building poster news clients, county-level integrated media centers, new media platforms, and 5G pilot projects for radio and television networks. [2019/2/14]

The white paper believes that solving its pain points requires the help of "blockchain +". Since blockchain technology realizes the effects of building trust, improving efficiency, and reducing costs, blockchain can effectively solve the pain points of public resource transactions. For example, in solving data credit enhancement, it is possible to use the characteristics of blockchain "difficult to tamper with and highly credible" to encrypt key data and key information in the transaction process and store them on the chain, and to authorize specific permissions through smart contracts Decryption and verification can effectively prevent the risk of illegal tampering and make the transaction process more credible.

News | Singapore government agencies support blockchain accelerators: According to coindesk, Enterprise Singapore (Enterprise Singapore) is currently supporting a blockchain accelerator project called Tribe accelerator. [2018/12/4]

At present, the field of public resource transactions in my country is also actively exploring and researching blockchain applications. The application of blockchain in the field of public resource transactions has achieved unified identity authentication based on blockchain to realize mutual recognition of market subject identities, data asymmetric encryption to realize transaction data confirmation and authorization, and traceability of the entire transaction process based on deposit certificates. Realize credit sharing and collaborative transactions of market entities based on shared ledgers.

Some people in the industry said that there are also new cases of the application of blockchain in the field of public resource transactions. Haidian District of Beijing is the first to realize real-time verification of business license, a national-level data, on the Haidian District's government service "One Netcom Office" platform with the help of blockchain technology.

Regarding "blockchain + public resource transactions", Zheng Lei said that public resource transactions are a scenario that is more suitable for the application of alliance chain blockchain technology. Generally speaking, the frequency of such transactions is not high, and the current processing capacity of blockchain technology is applicable. Other features of the blockchain are also suitable for adoption by public resource trading platforms.

Professor Chen Xiaohua, chairman of the China Mobile Communications Federation Blockchain Professional Committee and chief digital economist, told the Securities Daily reporter that blockchain technology can be applied to many aspects of public resource transactions, such as government supervision and supply chain management. , Consumers demand real and transparent information about the origin of products, details of the production process and logistics. The government also needs to know the details of the company's supply chain and punish violations. Provide full-cycle management of commodity supply chains and establish trust relationships to systematically ensure product quality, safety, and compliance.

It is understood that the development of blockchain applications in the field of public resource transactions in my country will go through three stages. One is to increase the credit of public resource transaction data; the other is to reconstruct the transaction trust mechanism to achieve cross-regional transaction cooperation; Resource trading platform economy.

According to the white paper, in the field of public resource transactions, the application of blockchain faces five major challenges. The first is the policy challenge, which is mainly reflected in the contradiction between special local policies and the convenience of market players in cross-regional data and information sharing applications based on blockchain. ; The second is business challenges. Although unified data sharing standards and specifications have been promulgated, the transaction rules and data standards in various places are still very different. They have not yet been unified, which is not conducive to the improvement of overall efficiency; the third is technical challenges. The trading time of public resources is relatively short, and there are many problems to be solved in terms of performance, security and confidentiality, and openness; the fourth is regulatory challenges. Since there is no precedent in this field, relevant national ministries, regulatory agencies, and public resource trading centers Relevant participants such as technical support units need to carry out continuous and in-depth research and cooperation, and establish a suitable and effective normative framework according to the actual situation of the application.

In this regard, the white paper puts forward four policy suggestions for the application of "blockchain + public resource transactions". One is to rely on the blockchain to ensure cross-regional transactions and promote the flow of elements across regions; Help the development of the digital economy; the third is to establish blockchain industry pilots to drive innovative applications in the industry; the fourth is to establish blockchain industry standards and actively cultivate industrial ecology.

The industry generally believes that blockchain technology has broad application prospects in the field of public resource transactions, and will continue to help this field, play a role in promoting data sharing, optimizing business processes, reducing corporate burdens, improving collaboration efficiency, and building a trusted system.

Newspaper trainee reporter Zhang Bo

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