Blockchain - New Economic Blueprint: 2015 First Global Blockchain Summit to be held in Shanghai in October

The 2015 First Global Blockchain Summit "Blockchain - New Economic Blueprint" is scheduled to be held in Shanghai on October 15 and 16. The summit is expected to be attended by about 200 professionals from the financial industry including banking, payment, securities, commodities and other industries interested in the application prospects of blockchain technology, including from the Financial Research Institute of the Central Bank, the Credit Information Center of the Central Bank, the Shanghai Stock Exchange, Lufax, Deloitte, etc.

As the frontier field of current Internet technology, digital currency technology and blockchain technology have been producing positive social impacts in recent years.

In the eyes of many people, Bitcoin is a successful application of blockchain technology. In general, Bitcoin is regarded as a peer-to-peer (P2P) digital currency, but from a technical perspective, it is actually a peer-to-peer decentralized network platform based on blockchain technology. The application of blockchain in the field of digital currency is also called Blockchain 1.0.

The Blockchain 2.0 era with a more far-reaching impact is opening up. With the promotion of blockchain in more fields, such as currency clearing and settlement, digital asset management, crowdfunding, smart contracts, and legal document verification, the unique effects of blockchain technology are gradually emerging. For example, in digital asset management, assets will be digitized and kept by the blockchain, and the blockchain will transfer assets after receiving transaction instructions. In smart contracts, the blockchain will verify the contract based on the information on the blockchain network. Because the information on the blockchain is irreversible and the time is automatically recorded, the security and trustworthiness of the contract are guaranteed.

The topics of this conference will cover the ten major application directions of blockchain technology today: 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 volatility solutions. Ethereum developer Vitalik Buterin and other experts in blockchain-related technology will be present to give speeches.

The conference was hosted by WanXiang万向区块链实验室, a non-profit cutting-edge research institution focusing on blockchain technology. The main sponsors are Xiao Feng, Vice Chairman and Executive Director of China Wanxiang Holdings Co., Ltd., Shen Bo, an investor in the blockchain technology field, and Vitalik Buterin, an Ethereum developer. The establishment of WanXiang Blockchain Lab aims to gather experts in the field to conduct research and discussion on technology research and development, commercial applications, industrial strategies, etc., provide guidance for entrepreneurs, provide reference for industry development and policy formulation, and promote the development of blockchain technology to serve the progress of social economy.

The organizers revealed that the conference will also hold区块链技术投资基金成立仪式. China Wanxiang Holdings Co., Ltd. will set up a $50 million fund dedicated to investing in blockchain application technology projects with commercial prospects, which will be used to invest in various projects related to blockchain business applications around the world, including early blockchain technology business application projects (angel investment, seed funds) and mid- and late-stage project investments.

At the same time, China Wanxiang Holdings Co., Ltd. will pledge to sponsor Wanxiang Blockchain Labs with $1 million annually over the next three years to support global volunteers and projects in the blockchain and digital currency fields. The first batch of outstanding global projects sponsored will be announced at this summit.

In addition, in order to better popularize and promote blockchain technology, Wanxiang Blockchain Lab also plans to launch the "万向区块链实验室丛书", which aims to sponsor the writing of blockchain-related books and introduce existing excellent books to a wider audience. The Chinese translation of "Blockchain: Blueprint for a New Economy" written by Ms. Melanie Swan has been officially completed by the translation and distribution team organized by Han Feng. At that time, the Chinese version will be officially released at the conference as the first book in the series.