In recent years, as the traditional domestic communications business market has become saturated, and market traffic dividends are rapidly disappearing, it has become increasingly difficult to rely solely on factor inputs to obtain higher business income. How to use new technologies and new applications to expand new commercial markets and business models is of utmost importance.
On November 16, during the 2019 China Mobile Global Partner Conference, China Mobile 5G Joint Innovation Center held a 5G Cooperation Innovation Summit, inviting industry and academia partners to discuss 5G synergy and development, innovation and cooperation.
At this summit, the blockchain "does my part" became one of the most concerned technologies. Experts from the Financial Technology Center of the People's Bank of China, China Academy of Information and Communications Technology, WeBank, Beijing University of Posts and Telecommunications, China Mobile Research Institute, and China Mobile Design Institute participated in and deeply discussed the development and difficulties of blockchain technology in the 5G era. There were also intense discussions on how to build a secure and credible blockchain, and a new order of collaborative innovation.
Experts at the conference agreed that the blockchain must be broken to achieve true prosperity. The high cost of chain formation, high technical threshold, and high regulatory difficulty are difficult problems. The blockchain service network (BSN) is the best way to resolve this problem.
The fire and ice behind the "high light" blockchain
Under the call of the party and the government, the "blockchain+" presents a scene of prosperity in full bloom.
A large number of giant companies and institutions are accelerating their deployment, and the application scenarios of blockchain technology are also continuously spreading. From finance, product traceability, electronic deposits to digital identity and supply chain collaboration, the intensification and diversification of scenarios continues to deepen, and the industry shows Vigorous.
“Before the prosperity of the blockchain is the false appearance caused by Hypercoin, and the companies that really do blockchain technology are living very hard.” Tan Min, the head of the digital economy promotion group of China Mobile Design Institute pointed out, “The cost is high and the technology is high. The high threshold and the high difficulty of supervision make it slow for blockchain technology to find scenarios, which also limits the development of the industry.
It is understood that WeBank has established a dedicated blockchain team since 2015, and only released the first production application in the domestic financial field in 2017, realizing the blockchain-based technology between banks and institutions. Reconciliation platform.
“In the past two years, we have put in a lot of effort and effort.” WeBank’s blockchain CMO Li He pointed out, “The threshold of blockchain technology is very high, and at the same time, it has brought a lack of top-level blockchain talents. When the application is implemented, it will bring unexpected difficulties."
Another representative who has the same experience as WeBank is Bubi (Guangzhou) Blockchain Research Institute. Chen Haifeng, the executive dean of the institute, revealed that he has entered the field of blockchain since 2012, and now the concept of blockchain has been popularized. The confusion we encountered in the process is unimaginable for ordinary people, and the number of visited companies far exceeds a thousand.
“How to realize the commercialization of the physical industry and generate commercial profits is a difficult point for the real development of the blockchain.” Chen Haifeng suggested, “One is that the blockchain must be standardized and unified; on the other hand, the blockchain must realize the entity The insinuation and coupling relationship between space and virtual space must be guaranteed by relevant laws."
"In fact, blockchain companies are in a very painful stage." Chen Haifeng pointed out that only after the above two points are resolved, will the large-scale commercial applications of the blockchain be really promoted, and everyone can really come out and be steadfast. Make money on the ground.
BSN builds a national infrastructure platform
"The other reason that blockchain technology has not been able to develop is the lack of public infrastructure." Tan Min pointed out that operators, as basic network operators, have an unshirkable responsibility in the process of making up for the shortcomings of public infrastructure.
Not long ago, the National Information Center, China Mobile, China UnionPay, etc. jointly announced in Beijing that the blockchain service network (BSN) jointly designed and constructed by six specific units was officially released for internal testing.
It is understood that BSN is committed to changing the high cost of the current LAN architecture of alliance chain applications, providing developers with a public blockchain resource environment based on the Internet concept, and greatly reducing the development, deployment, operation and maintenance, interoperability and supervision of blockchain applications Cost, so that the blockchain technology has been rapidly developed and popularized.
“BSN can be regarded as the second generation of intelligent professional Internet based on the Internet data transmission protocol and joined the consensus mechanism between organizations.” said Han Haiting, an expert at the China Academy of Information and Communications Technology. “The establishment of BSN will effectively reduce the application of blockchain. Technical and economic thresholds. As a public infrastructure network, BSN has the characteristics of security, controllability and supervision, complete independent innovation, openness, inclusiveness and sustainability."
Li He believes that the best way to solve the development of the blockchain is to create an open source and open technology ecosystem based on the blockchain. "BSN provides the best way to grow in the blockchain ecosystem. Through the combination of technology, cloud computing, and blockchain technology, the entire technical cost and time cost plus the monetary cost are greatly reduced. In the future, BSN will continue to unite more companies and developers in an open source and more open form."
China UnionPay President Shi Wenchao said that BSN is a cross-industry collaborative infrastructure service facility, and its construction has many meanings. One is to promote the development of the blockchain industry, the other is to create a demonstration of innovative applications of the blockchain, and the third is to stimulate the area. The innovative vitality of the blockchain. UnionPay will use this as an opportunity to jointly explore a new business cooperation model with commercial banks, financial institutions and various market players, and jointly carry out business innovation.
"The path of BSN is not only very clear, but also has clear goals, which coincides with WeBank's strategy." Li He revealed, "Through close contact with BSN during this period, we have now reached a series of strategic goals. A consensus on cooperation."
How does the blockchain shine into reality in the 5G era
Blockchain technology is not a panacea. In the future, blockchain technology can only be integrated and developed with 5G, Internet of Things, and big data to continuously expand application scenarios and realize value.
"In the 5G era, there are more and more valuable data. Data determination and confirmation, trusted data exchange, and privacy protection are a big development direction." Li He revealed that Weizhong Bank is currently working with the Macau government. A project, a distributed ID system that uses residents’ personal IDs and corresponding ID information to solve the problem of who the individual belongs to, the C-end user has a private key, and who uses my data must be authorized by the organization. can be used. This will not only realize the vision of bringing data to the people, but also lay a better foundation for future value exchange.
In addition, in Li He's view, the distribution and settlement of an equity based on the blockchain will be a better development direction in the 5G era.
"Under the situation of centralization, the electronic file system has not been solved." Chen Haifeng believes that the future 5G + blockchain technology will be a better way to solve the electronic file system. We are currently exploring and exploring this area. practice.
"Blockchain should be a core engine of the future digital economy, which may lead to the ultimate orientation is the upgrade of a comprehensive social governance system." Han Haiting predicts that in the 5G era, the integration of blockchain and other technologies may become sensitive. The transaction of data and the circulation of sensitive data truly realize data sharing. The basic design of BSN and telecommunications network will be mutually optimized to realize the redesign of business flow.
As Huang Yuhong, deputy dean of China Mobile Research Institute, said, the development of blockchain is actually still in the early stages of technological development, and there are still many issues that need to be continuously improved, including the security of nodes, and the basic security architecture needs to be continuously improved; Generation is a very important requirement; whether the blockchain will be replaced by new quantum computing in the future is also unknown.
"In the 5G era, it is very necessary to build a more complete, secure and reliable blockchain system for the blockchain in the 5G era." Huang Yuhong revealed that China Mobile's next step will be an integrated and two-wing system. "One is planning-technology-platform-ecology, step by step, to build core competitiveness in the blockchain field. The two wings are theory-nodes-networking-business forming a solid security system, and capable encapsulation to build a new cooperation ecosystem. At the same time. We will also build an open and cooperative ecosystem to create a blockchain service platform based on our basic network capabilities."
Source: mobile labs
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