Guiyang Municipal Government Promotes "Sovereign Blockchain" to Test Internet Financial Supervision

On February 10, a press conference on the "Guiyang Blockchain Development and Application White Paper" was held in Guiyang.

At the end of 2016, Guiyang released the white paper "Guiyang Blockchain Development and Application" (hereinafter referred to as the "White Paper"); on February 10, 2017, the Guiyang Municipal Government once again emphasized the application of blockchain technology. The "White Paper" shows that Guiyang is building a national-level Internet backbone direct connection point, which will accelerate the application of blockchain technology in government, civilian and commercial fields.

The White Paper focuses on theoretical innovations such as "sovereign blockchain", "rope network structure" theory, and order Internet, and expounds on the guiding ideology, promotion principles, main goals, overall architecture, spatial layout, application paths and promotion plans for the development of blockchain in Guiyang. It proposes that through five years of efforts, a number of blockchain application scenarios will be created in the city, a number of blockchain innovation enterprises will be cultivated, a number of commercial models that can be promoted will be formed, a number of blockchain rules and standard systems will be introduced, and the main goals of building a sovereign blockchain application demonstration zone and a digital currency application pilot zone will be established.

Direct involvement of government departments

Direct participation of government departments is the most obvious feature of Guiyang’s blockchain application.

The White Paper first proposed the sovereign blockchain theory. The theory emphasizes that the development of blockchain technology must start from improving and perfecting its own architecture under the scope of national sovereignty, under the law and supervision, based on distributed ledgers, with rules and consensus as the core, to achieve mutual recognition of different participants, and then form the delivery, circulation, sharing and value-added of public value, and establish a sovereign blockchain. The White Paper also revealed that Guiyang will establish a blockchain development and application special zone, form a sovereign blockchain alliance and set up a sovereign blockchain fund.

In addition, the "White Paper" combines Guiyang's big data practices and proposes the following key breakthrough directions: one is blockchain + data sharing and openness; two is blockchain + personal data protection; three is blockchain + data security supervision; four is blockchain + distributed data storage.

12 pilot scenarios

In 2017, Guiyang City will pilot the application of blockchain technology in 12 scenarios including Internet financial supervision.

It is understood that the application of blockchain in Guiyang is divided into three stages. In the first stage, Internet financial supervision, bill trading, government data sharing and opening, data cage supervision, targeted poverty alleviation, and credit certification of small and micro enterprises are the main application areas, involving eight government departments including Guiyang Big Data Committee, Guiyang Financial Office, Guiyang Development and Reform Commission, and Comprehensive Bonded Zone; in the second stage, six departments including Guiyang Finance Bureau, Guiyang Taxation Bureau, Guiyang Ministry of Industry and Information Technology, and Guiyang Education Bureau will be added; in the third stage, the blockchain application and the national digital currency system will be connected.

Explore the establishment of blockchain special zones and sovereign blockchain funds

In fact, the application of blockchain technology at the national level is also advancing in an orderly manner. On January 20, 2016, the central bank held a digital currency seminar and announced that it was developing and striving to launch the digital RMB as soon as possible. In February 2017, the blockchain-based digital bill trading platform promoted by the central bank was successfully tested, and the legal digital currency issued by the central bank has been trial-run on the platform.

Digital currency generates digital economic benefits. Guiyang, as the core area of ​​the National Big Data Comprehensive Experimental Zone (Guizhou), has not only created the country's first big data exchange, but also the country's first block data city. Focusing on "big data and Internet finance", Guiyang has actively carried out new explorations in blockchain technology + finance. According to the information, the Guiyang Blockchain Special Zone will be established in Guanshanhu District, striving to take the lead in making breakthroughs in banking, insurance, Internet finance, big data transactions, modern service industries and other fields.

Xu Hao, deputy mayor of Guiyang, said that Guiyang will become an important gathering place for blockchain innovation elements and an important source of innovation in blockchain technology applications, creating new models for the development of the digital economy, accumulating new experience for Internet governance, and providing new impetus for the development of national big data.

Attachment: Download the full text of the white paper: http://8btc.com/doc-view-1117.html