The founding conference of the China Blockchain Technology and Industry Development Forum and the first developer conference were held in Beijing on October 18.

Reporter: Lydia

I remember that Comrade Deng Xiaoping proposed with the insight of a strategist that "science and technology are the primary productive forces". Looking at the world today, this is indeed true. Financial technology is subtly and profoundly changing the ecological landscape of the entire financial industry. Among all financial technologies, blockchain is hailed as the most disruptive technology. Various multinational financial institutions have tried to formulate industry standards by forming blockchain alliances. Chinese financial institutions and domestic regulatory agencies have also begun to participate in the formulation of international financial blockchain technology industry standards. If blockchain technology is to play a substantial and fundamental role in the financial and non-financial fields, it may still face many challenges. Perhaps this is the "growing pains".

The global blockchain technology is developing rapidly, and the popularization of its related applications is of great significance to promoting economic and social development. At this stage, we must accurately grasp the trend changes and find the direction for my country to promote the development of blockchain technology and applications.

To this end, the founding conference of the China Blockchain Technology and Industry Development Forum and the first developer conference will be held in Beijing on October 18.

The conference was guided by the Information Technology and Software Service Industry Department of the Ministry of Industry and Information Technology and the Industrial Standards Department II of the National Standardization Administration, hosted by key enterprises such as the China Electronics Technology Standardization Institute, Beijing Ant Cloud Financial Information Services Co., Ltd., China Wanxiang Holdings Co., Ltd., China Ping An Insurance (Group) Co., Ltd., LeTV United Information Technology Co., Ltd., Shenzhen Qianhai Weizhong Bank Co., Ltd., and Wanda Network Technology Co., Ltd., co-organized by HNA Ecological Technology Group Co., Ltd., Shanghai Juzhen Financial Information Services Co., Ltd., and UFIDA Network Technology Co., Ltd., and supported by Shanghai Qukuai Information Technology Co., Ltd., with an unprecedented lineup.

The main contents of this conference include the establishment ceremony of the Blockchain Technology and Industry Development Forum (including the issuance of appointment letters), the release of the "White Paper on China's Blockchain Technology and Application Development" (2016 edition), speeches by guests from key enterprises on their respective progress in blockchain technology, and a conference on blockchain application developers in the financial and non-financial industries. The content is compactly arranged, the theme is to the point, and it focuses on effectiveness and being down-to-earth.

The carefully compiled "China Blockchain Technology and Application White Paper" is about to be released!

The Electronic Standards Institute of the Ministry of Industry and Information Technology attached great importance to this conference, and the preparation of the white paper and the conference took more than two months. Starting from July this year, the Information and Software Department of the Ministry of Industry and Information Technology issued the "Letter on Organizing and Carrying out Research on the Development Trend of Blockchain Technology and Applications" (Industry and Information Software Letter [2016] No. 840). On August 5, the Electronic Standards Institute of the Ministry of Industry and Information Technology organized a preparatory meeting for the blockchain technology and industry development forum and a white paper writing kick-off meeting in Beijing, and jointly carried out research on the development trend of blockchain technology and applications with domestic key enterprises such as Ant Financial, Wanxiang Holdings, WeBank, Ping An, LeTV and Wanda.

The white paper is divided into six parts, among which the current status of blockchain development at home and abroad, typical application scenarios and standardization roadmap will be the highlights of this white paper.

The China Blockchain Technology and Industry Development Forum will focus on technology and industry, and will mainly formulate standards for the blockchain industry around transaction protocols, ledger coding and identification, transaction service specifications, security guidelines and application maturity evaluation. It will also cooperate with application development companies, be verified by testing and inspection organizations, and be applied to pilot users for verification, so as to reach the stage of application promotion.

Representatives from authoritative organizations attended the event, and the lineup was strong!

Representatives of key participating companies in this conference have already put forward their own suggestions on the preparation of the white paper content, and their attendance this time is crucial to the conference.

Because they have the most say in the application scenarios of blockchain.

They are Wang Yongli, CEO of LeEco Finance, Xiao Feng, Vice Chairman of Wanxiang Holdings and founder of Wanxiang Blockchain Lab, Tong Ling, Chief Architect of Ant Financial, Ma Zhitao, Vice President and CIO of WeBank, Cai Dong, Senior Assistant to the President and Chief Architect of Wanda Internet Technology Group, and Huang Yuxiang, Vice President of Ping An Technology.

Xiao Feng, Vice Chairman of Wanxiang Holdings and Founder of Wanxiang Blockchain Lab

Wanxiang Blockchain Lab, a leading blockchain professional technology institution in China, announced at the Shanghai Blockchain International Week hosted by it last month that it would join hands with its subsidiary Distributed Capital to jointly invest 150 million yuan in Juzhen Finance, a domestic blockchain startup, making it the largest single blockchain investment project in China. This investment also became the third largest blockchain institution in the world in terms of Series A financing this year, with the top two being DAH (US$60 million) and Blockstream (US$55 million) in the United States. On the same day, Xiao Feng also announced that Wanxiang Blockchain Lab will join hands with IBM, Microsoft, ConsenSys, Ethereum, HyperLedger and other blockchain innovation companies and institutions to invest 200 billion yuan in the next seven years to jointly develop Hangzhou Xiaoshan Wanxiang Innovation Energy City, a smart city planned to cover nearly 10 square kilometers and accommodate 70,000 people.

Wang Yongli, CEO of LeEco Finance

With Wanxiang Blockchain Labs participating in the establishment of ChinaLedger, Ping An of China joining R3, and now LeTV starting to deploy blockchain. LeTV relies on its own ecological resources, and LeTV's joining will enhance the implementation of blockchain commercial applications as soon as possible. Wang Yongli, CEO of LeTV Finance, said that blockchain technology is now regarded as one of the basic protocols for the next generation of global credit authentication and value Internet, and the importance of blockchain technology to my country's financial industry and financial system cannot be ignored. He believes that the key point in the future is how to apply blockchain technology to a series of fields such as online identity authentication and transaction confirmation. "China will have huge application scenarios in the field of blockchain, and with the development of China's Internet and the development of informatization, China can completely overtake and lead the world."

Tong Ling, Chief Architect of Ant Financial

Ant Financial, a subsidiary of the BAT giant Alibaba Group, combines blockchain technology with charity. With the unique characteristics and advantages of blockchain, it makes public welfare more transparent, makes charity traceable, and ensures that every donation reaches the user safely. The deep meaning behind its layout of blockchain can be seen. Tong Ling said that blockchain technology can be a supplement to the trust mechanism we have built based on technology and data. It is a supplement to the credit relationship between people and the trust mechanism we have built based on data and technology. It can better build a trust foundation system for convenient, fast and safe transactions between people on the Internet in the future. We hope to use blockchain technology to solve users' pain points and problems and bring them some beautiful changes.

Ma Zhitao, Vice President and CIO of WeBank

At the Shanghai Blockchain International Summit last month, Ma Zhitao, Vice President and Chief Information Officer of WeBank, announced that WeBank and Huarui Bank have jointly developed a blockchain application system for the settlement and clearing business of the two banks' Weilidai joint loans. The system was put into trial operation in September. WeBank operates on the basis of joint lending with partner banks, and 80% of its funds come from other banks, involving high interest, interest rate, principal settlement and settlement every day. So, this is where the blockchain system comes in. Based on the characteristics of blockchain distributed ledger, consensus protocol management, non-tamperability, traceability, etc., the clearing steps can be completed simultaneously during the business transaction process, without having to clear in a specific time period as traditionally required, saving a lot of time and labor costs.

Cai Dong, Assistant to the President and Chief Architect of Wanda Financial

After many giants such as Wanxiang, BAT, and the banking and insurance industry have laid out blockchain, Wanda Financial has also focused on the core technology level of blockchain, and has joined the Linux Foundation's Hyperledger project and become the first core board member from China. Cai Dong, chief architect of Wanda Financial Group and leader of financial technology innovation, described Feifan Technology's vision for big data and blockchain projects. This move by Wanda Financial not only marks the first time that a Chinese company has contributed R&D strength to an open source project in the emerging digital economy and sharing economy, but also based on the fact that industry technical standards are far more important than the technology itself, we will actively strive for the right to speak in standardization.

Huang Yuxiang, Vice President of Ping An Group

As an important member of the domestic financial industry, Ping An Group has always paid close attention to and actively explored the application scenarios and fields of blockchain technology. In May this year, Ping An Group joined the internationally renowned blockchain organization R3 CEV, hoping to promote the application of blockchain technology in China's financial industry through communication and exchanges with leading financial institutions in other countries. When talking about the future development opportunities of blockchain, Mr. Huang Yuxiang said that the future development prospects of blockchain technology are broad. At present, Ping An Group has explored the application of blockchain technology in 7-8 scenarios, of which asset trading and credit investigation have been launched and real transactions have begun.

From traditional financial institutions to the three giants BAT, the rallying call for blockchain deployment has been sounded.

The era of competition and contention of a hundred schools of thought has arrived. As an innovative technology based on the Internet, blockchain technology has many advantages that make it so popular. Its transparency and trustworthiness alone have attracted most companies.

Are you falling behind in this revolution?

We warmly look forward to the participation of colleagues from all walks of life. The on-site speeches and post-meeting exchanges may make you re-examine your own technology, business model and future development direction, or make you understand that it is just a technological revolution that brings you convenience, saves costs and improves efficiency, and is worth your careful consideration.

Meeting time and location

1. Meeting time: 9:00-17:00, October 18, 2016 (Tuesday)

2. Meeting location:

a. Main Forum: Multifunctional Hall on the 1st floor of Building A, Wanshou Hotel (No. 12, Wanshou Road, Haidian District, Beijing)

bFinancial Forum: Multi-function Hall, 1st Floor, Building A, Wanshou Hotel (No. 12, Wanshou Road, Haidian District, Beijing)

c. Non-financial Forum: Multi-function Hall, 1st Floor, Building B, Wanshou Hotel (No. 12, Wanshou Road, Haidian District, Beijing)

Conference consultation and registration methods

Conference Contact:

Yang Liyun 010-64102817 [email protected]

Li Lu 010-64102808 [email protected]

Li Jiayan 010-64102802 [email protected]

Stella Kung 15906002011 [email protected]

Scan the WeChat QR code below to register. (Note: The registration deadline is 17:00 on October 10 (Monday).