2016 China Blockchain Development Seminar held to promote Chinese enterprises to go global

On August 25, the China Blockchain Technology Application Seminar was held in Beijing. Guo Yuntao, Dean of the Central Policy Research Institute and the National Competitiveness Institute of Peking University, Zhou Cangshanjun, President of the US-China Chamber of Commerce and Chairman of the Board of Directors of AIIB World Group, and others attended the seminar.

The seminar conducted an in-depth discussion on the trends, prospects and practical significance of blockchain technology in the fields of online payment security, social welfare fund supervision, corporate asset securitization, and cross-border settlement smart contract applications.

The so-called blockchain technology, also known as distributed ledger technology, is an Internet database technology that is characterized by decentralization, openness and transparency, allowing everyone to participate in database records. It is currently being studied all over the world. Experts believe that blockchain is the core key technology for building the future cyberspace. Whether it is the Internet of Things, finance, trade, agriculture, medical care, copyright, or even family entertainment, sports and fitness, etc., will rely on the development of blockchain technology.

Blockchain technology, with its unique open and transparent characteristics, makes it possible to solve the problem of credibility through scientific and technological means. In the period of economic downturn in my country and under the background of supply-side reform, the application of blockchain technology in asset securitization has the core advantage of achieving openness and transparency in the true sense. Participants can keep abreast of the progress of each link and check transaction records at any time, which effectively solves the problem of credibility.

At the same time, blockchain technology provides a channel for transactions of fixed assets and personal rights. At the seminar, the participating company Jinhui Group became the first Chinese company to attempt to digitize benchmark assets. Under the background of the One Belt One Road capacity export strategy, the comprehensive application of blockchain technology will also become a booster for Chinese companies to go global.