Three operators work together to build a national blockchain infrastructure BSN

A few days ago, the first blockchain service network partner conference was held in Hangzhou. A number of high-level leaders from the National Information Center, China Mobile, China UnionPay, Hangzhou City and Xiacheng District attended.

It is worth noting that in addition to China Mobile as one of the initiators, two telecom operators, China Telecom and China Unicom, also sent senior representatives to the meeting. Wen Wu, vice president of Smart Footprint Data Technology Co., Ltd., a subsidiary of China Unicom, A keynote speech on "Actively Participate and Work Together to Build a Blockchain Service Network (BSN)" at the conference Many industry insiders said that the three central enterprises, China Mobile, China Telecom and China Unicom, will definitely play their responsibilities as central enterprises and jointly build the national blockchain infrastructure BSN.

As the demographic dividend fades, the traffic dividend is quickly released, and the gap in the basic telecommunications business volume of the communications industry continues to increase. It is an indisputable fact that business development has entered a slow lane. It is no longer sustainable simply by relying on scale and traffic growth.

The data shows that the overall revenue growth rate of the communications industry was only 3% in 2018, and there has been a negative growth in the first half of 2019. Intensified homogeneity competition, heterogeneous replacement of Internet applications, and ever-increasing requirements of users for communication networks in the era of data flooding have resulted in increasing costs for network expansion, upgrades, and maintenance. Coupled with the successive implementation of a series of regulatory policies such as speed increase and fee reduction, number portability, and deepening of universal telecommunications services, telecommunications operators are facing increasing pressure and are in a dilemma. Operators continue to stage marketing wars, price wars, and resource wars, and they have even risen to "all-arms" such as cutting optical fibers and attacking base stations.

As a basic, pillar, and strategic industry, the communications industry needs to think and act together in the future to maintain its competitiveness and form a positive energy that can effectively promote the construction of a network power, a digital China, and a smart society in the new era. "Faced with the trend of industrial transformation and the development trend of the times, only by knowing the time, responding to the situation, and seeking change can we grasp the strategic initiative." This speech by Li Huidi, vice president of China Mobile, at the blockchain service network global launch conference in October , May represent the common voice of operators. "Change leads to success, change leads to stagnation; change leads to prosperity, change leads to decay; change leads to survival, and change leads to death." For operators who are in the throes of development, reform and transformation are the only way to go.

Today, when global informatization has entered into cross-border integration, system innovation, and intelligent leadership, openness and cooperation are an irreversible historical trend. It is the common choice of operators to work together to create a digital industry ecosystem with complementary capabilities, resource sharing, and integrated development.

At the main forum of the first "World 5G Conference", Wang Xiaochu, chairman of China Unicom, announced in a high profile that China Unicom and China Telecom are jointly building the world's first 5G co-construction shared network. Analysts said that on the new track of blockchain, the collaboration of operators will also become inevitable, and the blockchain service network (BSN) will provide operators with new opportunities for in-depth cooperation, which is conducive to innovation. Situation.

One is that BSN has established a cross-public network, cross-regional, and cross-organization blockchain service infrastructure . With the acceleration of the global deployment of BSN, it will not only make use of its idle resources such as cloud computing and IDC for operators, and drive the huge commercial value of cloud services and dedicated line sales, but also provide operators with high-quality industry applications and services based on blockchain. Multi-industry universal basic access and value-added capabilities realized by technology, and by providing underlying connection protocols to empower operators to accelerate cloud transformation, provide a high-quality and efficient blockchain public resource environment for realization of capabilities and new value creation.

The second is that BSN is committed to reducing the cost of development, deployment, operation and maintenance, interoperability and supervision of blockchain applications, and promotes the rapid development of the blockchain industry . This will empower operators to improve their governance capabilities, promote flat corporate governance structures, transparent governance processes, and controllable governance impacts, thereby deepening institutional reforms and accelerating the transformation of operational capabilities for digital services. At the same time, BSN gathers a large number of blockchain applications and developers to form an open industry ecosystem with international influence and competitiveness, which will precipitate a large number of product resources, customer resources, financial resources and technical resources, and create a broader space for operators Development space and huge business opportunities.

The third is that BSN is based on the alliance chain architecture and is specifically managed, operated and maintained by the Blockchain Service Network Development Alliance ("Development Alliance"). It is open, public, expandable, open source, multi-portal, and low-cost. And autonomy is its important feature . It is particularly noteworthy that among the first members of the Development Alliance, three operators are all on the list. Alliance operation will help the three operators to establish business rules for win-win cooperation and reach a strategic consensus for extensive coordination. It will promote mechanism optimization and efficient collaboration, improve business integration and product innovation, and promote ecological construction and cross-border cooperation. Play a bigger role.

From the perspective of industry insiders, the three telecom operators, China Mobile, China Telecom and China Unicom, are responsible for advancing the construction of a network power, digital China and smart society, promoting information technology to serve the economy, society and people’s livelihood, and striving for the glorious global competitive advantage of a new generation of information technology. mission. These three operators will be deeply involved in BSN to promote the collaborative research of blockchain technology, provide high-quality, efficient, safe and controllable basic network services, innovate blockchain application products and create a digital service ecosystem, and enhance China’s international block Play a greater role in the application of the chain and the right to speak of technical standards and the right to formulate rules.

Source of the article: Market Economy Net. The
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