Zhongguancun Blockchain Industry Alliance was officially established

On February 3, 2016, the Zhongguancun Blockchain Industry Alliance was formally established by 21Vianet, Tsinghua University, Beijing University of Posts and Telecommunications, China Communications Society, China Unicom Research Institute, and companies such as Jijia and Bubi Network. 21Vianet serves as the chairman of the alliance, and Li Jiang, president of 21Vianet Research Institute, serves as the secretary-general. Gao Lulin, former director of the State Intellectual Property Office, Zhang Jing'an, chairman of the China Association of High-tech Industrial Development Zones, Li Xiangning, deputy director of the Information and Communications Administration of the Ministry of Industry and Information Technology, and Qiao Yueshan, deputy director of the Information and Electronics Department of the Ministry of Industry and Information Technology, together with representatives of the initiators, unveiled the Zhongguancun Blockchain Industry Technology Alliance.

The industry aims at cutting-edge network technology to carry out collaborative research

Blockchain is a series of data blocks generated by cryptographic methods, which provides a decentralized credit accumulation paradigm. Bitcoin is a successful network application of blockchain technology. Blockchain technology reduces the cost of establishing global "credit", and this peer-to-peer verification will produce a "basic protocol". Blockchain is the core key technology for building future cyberspace. Whether it is the Internet of Things, finance, smart devices, medical care, teaching, archives, justice, copyright, or even home entertainment, blockchain technology can be applied.

Under the guidance of the Zhongguancun Management Committee, 21Vianet and other alliance members are targeting the global cutting-edge technology field, jointly building a cooperation and exchange platform across universities, research institutes and enterprises, organizing domestic and foreign blockchain production, learning and research cooperation, creating a complete blockchain industry chain, promoting the rapid development of future cyberspace infrastructure, improving my country's research, development and application level in the field of blockchain technology, and providing strong support for seizing the commanding heights of network forms and protocol standards in the new round of international competition in the era of the Internet of Everything. The Zhongguancun Startup Commune Blockchain International Incubation Center was also established at the founding conference of the alliance, which will provide a good platform and service support for startups in the blockchain field.

Financial and intellectual property institutions focus on innovative applications of blockchain

At the founding conference of the Zhongguancun Blockchain Industry Technology Alliance, a blockchain summit forum was also held. Companies such as Ernst & Young, Microsoft, Factom, and Dongfang Yisi discussed the development trend of blockchain in the world and in China. Internationally, research on blockchain technology is in full swing. Countries and regions such as the United Kingdom, Russia, and Taiwan have conducted research on blockchain technology and development roadmaps, designed technology, industry, and legal frameworks in the economic and financial fields, and promoted the legalization of blockchain technology. In September 2015, 13 internationally renowned banks including Citibank, Bank of America, Morgan Stanley, HSBC, and Deutsche Bank jointly signed a blockchain technology agreement and joined the Bank Clearing and Settlement Standards Organization based on blockchain technology. In October 2015, Nasdaq used blockchain technology to manage and operate small private equity securities transactions, verifying the application of blockchain technology, which may serve as a permanent financial service infrastructure in the future.

As blockchain technology has received strong attention internationally, the financial industry and related institutions in China, such as the Financial Research Institute of the Central Bank, the Credit Information Center of the Central Bank, the Shanghai Stock Exchange, and Lufax, have also conducted research on ten major blockchain directions, including payment, Internet of Things, large-volume blockchain confirmation technology, decentralized cloud storage, securities trading, decentralized domain name servers, identity authentication and management, digital asset management, supply chain, and digital currency. In December 2015, the China Blockchain Application Research Center (Beijing) was formally established in Beijing. In January 2016, 100 people from the Global Sharing Finance announced the establishment of the "China Blockchain Research Alliance" in Beijing.

The Zhongguancun Blockchain Industry Alliance will focus on the standardization and industrialization of blockchain technology, promote economic growth through innovation, assist the world in its transition from information Internet to value Internet, build Zhongguancun into a global blockchain innovation center, and enable China to gain the upper hand in the era of value Internet.

The industry alliance may become an important platform for my country's blockchain technology and industry innovation

The alliance will actively explore industry research, policy recommendations, network protocol standards, patent system, entrepreneurship incubation, innovative applications, and international cooperation. First, actively carry out global blockchain innovation cooperation, make early layout for cutting-edge technologies, integrate across industries, take financial needs as the guide, strengthen the industrial chain, build a complete industrial ecology, and make good preparations for blockchain technology in the new round of financial innovation to create a global blockchain innovation center. Second, take the lead in conducting research on blockchain-related network technologies, patents, applications, and protocol standard systems in the country, and strive to carry out innovative applications in the fields of next-generation cyberspace infrastructure construction, Internet finance, content services, data transactions, the Internet of Things, and information security. Third, integrate innovative entities and high-end talents engaged in blockchain research in various industries and regions in China, strive for the support and cooperation of industry-leading enterprises and investment institutions, jointly establish industrial investment funds, jointly carry out technical research and business model innovation, and form a joint force for industrial development. Fourth, promote cooperation between Zhongguancun enterprises and international institutions, propose and share application solutions in global blockchain industry organizations, build industry first-mover advantages, take the lead in mastering the dominance of high-value-added service links based on blockchain, and drive and incubate a group of blockchain enterprises.