Blockchain will explode in government services, supply chain finance, charity and other fields

Tech Cloud reports original.

In response to the epidemic, governments across the country have begun to use blockchain technology to manage medical data, disease prevention and control, and material deployment. Under the epidemic situation, the application of blockchain is emerging, and it is accelerating in the fields of government services, financial credit, public welfare and charity. The epidemic appears, press the accelerator key for the application of the block chain technology. The non-tamperable, credible, and supervisable capabilities provided by the blockchain can be applied to coordinated work during extraordinary periods to promote the online operation of government services, social fundraising, and supply chain finance.
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According to the statistics of inter-chain pulse, from February 1st to February 9th, blockchain epidemic prevention applications were put online, and a total of 15 blockchain applications were launched at this stage. From February 10 to February 14, a total of 5 epidemic-related blockchain applications were launched.

According to the previous statistics of the inter-chain pulse, only 29 full-scale blockchain applications were disclosed in China in January 2020. It can be seen that the number of blockchain applications surged during the development of the epidemic.

In terms of epidemic prevention and control, the epidemic prevention management agency is still relatively fragmented in systematically collecting all identity information, failing to fully promote the interconnection of information from all walks of life, which is not conducive to epidemic prevention. The identity information management function of blockchain technology has played an active role in the prevention and control of the epidemic.

In terms of charity, blockchain is mainly used to improve the transparency of charity operations. Blockchain has the characteristics of non-tampering, multi-party synchronization, information transparency, etc., and it highly matches the needs of the charity industry. Charity is a natural scenario for the blockchain application. During the epidemic, there have been a series of practical cases of blockchain applications in this field.

In terms of financial credit, in response to the current situation where small and medium-sized enterprises are greatly affected by the epidemic, actively providing supply chain financial services to SMEs has also become the direction of blockchain efforts.

According to Gartner's technology maturity curve, blockchain technology has not yet reached the maturity stage, and it may take 5-10 years to produce a transformative impact. Although there is still a certain distance from large-scale commercial applications, the application potential of blockchain technology in many fields is still very promising.

As the head enterprise of blockchain technology service, Tencent Cloud Blockchain cooperated with the sharing of information of government agencies during the epidemic, and helped logistics companies to jointly support the epidemic area. The application in the frontline of anti-epidemic has achieved certain results.

Taking this epidemic as an opportunity, what impact will the development of the blockchain industry have? What challenges and opportunities will blockchain technology companies face? How can blockchain technology be better combined with business scenarios? After the epidemic, where will the blockchain industry go?

In this regard, Technology Cloud Report interviewed Shao Bing, head of Tencent Cloud's blockchain business, to discuss the development and future of the blockchain industry. This article will select some content for readers. Q: Tencent cloud block chain at the time of the outbreak, and all the what had been done?
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A: Tencent Cloud Blockchain mainly carried out some work around the epidemic-related logistics information sharing, donated material data reporting, and health information sharing of migrant workers, hoping to help government agencies, social organizations, and enterprises achieve seamless connection of information To reduce the cost of repeated data collection and increase the efficiency of communication.

Q: What aspects of the epidemic can blockchain technology be applied to?

A: The epidemic has exposed many problems. For example, at the level of epidemic prevention and control, the coordination mechanism of all parties is not as good as imagined. How to transparently share data among communities, enterprises, governments, and individuals, and how to cooperate through online anti-epidemic This is both a livelihood issue and an opportunity for blockchain technology.

In addition, the epidemic impacted the entire industry chain of various industries, and the liquidity risk increased. It has become a top priority to use blockchain, big data and other financial technologies to reduce the financing threshold and financing costs of small and medium-sized enterprises and help enterprises to overcome difficulties.

Q: Why does it feel that the role of blockchain in anti-epidemic is not very obvious?

A: Blockchain is more biased towards back-end technology, unlike front-end applications such as applets and video conferencing, which give you an intuitive experience. Although the blockchain feels that it has not played a big role, it has actually played a role silently, helping the government and enterprises to save manpower and achieve multi-party collaboration in the back end of epidemic prevention and control.

Q: What impact did the epidemic have on the blockchain industry?

A: Some problems exposed in the epidemic can be solved by the blockchain, which is mainly reflected in three aspects:

  1. Information transparency. This time there is a crisis of trust in the credibility and transparency of charity information. The transparency and openness of information can improve the credibility of the organization in the industry and the masses. The identity of the organization on the blockchain is transparent, whose data, who's operation, who is responsible for the main body, the whole society can be traced back to the original source of the error.

  2. Data sharing issues. During the epidemic, the masses repeatedly reported health information, repeated reports from grassroots workers in the community, and the inability to share information about mobile personnel between regions. These are all problems caused by the inability to transfer and share data. Blockchain can realize the management of data rights, allowing data to flow in an orderly manner between different subjects.

  3. Business coordination issues. The epidemic has led to large-scale shutdowns of enterprises. Both the country and enterprises are facing great economic pressure. How to improve the efficiency of resource allocation through blockchain technology, reduce costs and increase efficiency for enterprises, and strengthen collaboration between enterprises is a blockchain. The biggest driving force for development.

Overall, this epidemic has prompted us to rethink the application of data and the transparent flow. At the same time, the application of blockchain technology in government services and SME financing during the epidemic will deepen your understanding of blockchain application scenarios.

Q: Will the product line within Tencent Cloud's blockchain be adjusted due to the outbreak?

A: No, the various needs that emerged in the epidemic, including the flow of data and the seamless collaboration of business, have always been the core application scenarios of the blockchain. The epidemic has exposed such people's livelihood and government affairs requirements more thoroughly, but more It has strengthened our confidence in the blockchain field.

Q: What is the current key customer market of Tencent Cloud Blockchain? How to meet customer needs?

A: Tencent Cloud Blockchain Service Platform TBaaS is the core product of Tencent Cloud Blockchain, positioning is infrastructure, so our business is oriented to the whole industry. At present, TBaaS has been applied in finance, government affairs, medical care, retail, e-commerce, physical Among the various industries such as networking, logistics and supply chain, and charity, the most important customer market is the government and financial industries.

In the government affairs industry, the national policy has been advocating government cloud services such as "data runs more, the masses run less", and the Tencent Cloud blockchain can be well applied to the government cloud to solve data sharing and permissions between different departments. Management issues, get through the "last mile" on the cloud.

In the financial industry, Tencent Cloud Blockchain focuses on solving the financing problems of small and medium-sized enterprises, and integrates the entire industrial chain of financial institutions, enterprises, and regulatory agencies into closed-loop applications in the form of "industrial blockchain".

After the epidemic, the resumption of SMEs faced great economic pressure and urgently needed funds to revitalize their business. However, in the traditional financial business process, due to the insufficient credit rating of SMEs, financing from banks is difficult and costly.

In order to help SMEs solve the financing problem, Tencent Cloud Blockchain has done two things in the field of supply chain finance:

  1. Multi-level circulation of accounts receivable: By turning accounts receivable into a form of transferable claims, the credit of core enterprises is transferred to SMEs to meet the financing needs of SMEs and solve the problem of slow and difficult capital flows.

  2. Movable property pledge: The movable property pledge registration scheme helps small and medium-sized enterprises to pledge inventory assets and transfer the warrants of goods to financial institutions and investors to achieve rapid financing.

Since the TBaaS platform can provide an absolutely credible environment, it facilitates the rapid confirmation of corporate accounts receivables and warehouse receipts, reducing intermediate links and capital-end risk control costs, which can greatly reduce the financing threshold and financing costs of SMEs .

Q: In the development of Tencent Cloud Blockchain, what challenges will it face in the face of more scenarios?

A: There are currently four main challenges:

1. Product Depth: Tencent Cloud Blockchain first focuses on functional perfection and product experience. The positioning of the blockchain infrastructure allows products to have both the versatility of serving the entire industry and the specificity of specific industries. This is a contradiction and requires in-depth thinking.

2. Business breadth: In the application scenarios of blockchain, different industries have different business needs, and the same industry also has different business needs. We need to provide various solutions to meet the different requirements of the scene. Big challenge.

3. Service capability: Most of the business models in various industries are currently centralized. Everyone is exploring the distributed and multi-centric business model of the blockchain. Many customers want Tencent Cloud to help them sort out their business models. 1. Realize business value, which puts high demands on our service capabilities.

4. Delivery capability: As more and more customers need to better meet the delivery needs, we are exploring a scientific delivery path, such as cooperating with our own regional delivery team to deliver platform products and cooperating with industry partners. Scene-based solutions.

Q: What products and market plans does Tencent Cloud Blockchain have in 2020?

A: In terms of products, Tencent Cloud Blockchain's focus this year is to continue to do a good job of TBaaS blockchain service platform, while building other basic product capabilities, including: stable and efficient blockchain underlying platform, trusted identity Various basic capabilities such as data sharing and contract auditing. At the same time, we will also work with partners to promote industry solutions such as multi-level circulation of accounts receivable.

In terms of the market, we hope to accelerate the combination of products and industries under the "Blockchain +" strategy and use blockchain technology to empower the industry. On the one hand, it has done more in-depth in key industries and key scenarios to drive the market share and influence of Tencent Cloud blockchain with points; on the other hand, it has accelerated the attraction of in-depth participation of partners and entered into the design of solutions for various industries, Delivery and other links.

About Tencent Cloud Blockchain TBaaS Platform

Tencent Blockchain as a Service (TBaaS) is built on Tencent Cloud, allowing companies to quickly build their own IT infrastructure and blockchain services on an elastic and open cloud platform.

TBaaS integrates a variety of underlying blockchain engines, which greatly reduces the application cost of the underlying blockchain technology and simplifies the construction and operation of the blockchain.

[Call for leads]

In the face of the epidemic, we hope to gather the strength of everyone to ignite the flame of the challenge for the development of the technology industry and prepare for the future of the opportunities ushered in by the industry.

"Tech Cloud Report" focuses on the impact of the epidemic on toB technology, and will soon launch an original series of reports on "Dangers and Opportunities under the Epidemic". I sincerely invite you to the B technology field to talk about the "epidemic story".

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