Li Yinke, Vice Chairman and Secretary General of the Blockchain Special Committee of China Electronic Chamber of Commerce:

2020 is the year of the blockchain turning point. The fields of supply chain finance and digital asset governance have development potential

At this stage, while the blockchain is facing historic opportunities, it also faces periodic development challenges, and opportunities and challenges coexist. What are the problems that need to be solved urgently in the development of blockchain? What is the development trend in 2020? With these questions, a reporter from Securities Daily interviewed Li Yinke, vice chairman and secretary general of the Blockchain Special Committee of the China Electronic Chamber of Commerce.

Industry standard specification

The premise of bringing value to the blockchain

“Securities Daily” reporter: You have been engaged in telecom operation services and the Internet for more than 20 years. What is the opportunity for you to enter the blockchain industry? What do you think are the similarities and differences between blockchain and Internet development?

Li Yinke: Due to the accumulation of many years of industry experience, a large amount of user data and consumption data have been accumulated. When I discussed with some of the earliest blockchain practitioners and experts, I felt that this technology is the infrastructure for future data governance. Blockchain is the trend of the Internet of Value, and it is very challenging, so I entered this industry without hesitation.

The Internet itself includes both a centralized network and a distributed network. Blockchain technology is also a type of Internet technology. In the future, there will be no problem of who subverts who. The centralized network and the distributed network will coexist and complement each other according to people’s needs. For example, in the construction of public facilities, centralized network management is more efficient, and the Internet of Things that solves the problem of machine interconnection may have to use blockchain technology to achieve value exchange.

The improvement and subversion of traditional industries by Internet technology is based on global comprehensive coverage and extremely low information transmission costs. The same is true for blockchain. When blockchain gradually achieves a large coverage of various scenarios, the cost of value transmission is approaching At the same time, great kinetic energy will also erupt, and it will also play a central role in the organizational form of new production relations in human society. The foundation of all this is only possible after the establishment of industry standards and norms.

“Securities Daily” reporter: You once said that the blockchain is only a technical means, and it cannot be overly superstitious, nor can it be implemented for the sake of implementation. Excuse me, how to understand this sentence?

Li Yinke: In terms of technology, blockchain is a decentralized distributed ledger, which can also be understood as a database. If it is not integrated and applied with technologies such as big data, artificial intelligence, Internet of Things, and cloud computing, the ability to solve a single problem is very limited. The so-called landing is to empower the real economy, and many blockchains are suitable for the existing Internet scenarios and traditional economic scenarios. But at present, due to the shortcomings of high-concurrency commercial use, blockchain is no better than Internet technology, and even as a trust machine, it is not more appealing and attractive than centralized facilities. Therefore, I believe that the landing cannot be rushed, and landing on the existing scene is called improvement or optimization at best. The biggest application scenario of the blockchain is to combine its own technical characteristics to create new scenarios, and there will be revolutionary subversions there.

The fields of supply chain finance and digital asset governance have development potential

“Securities Daily” reporter: After ushering in the policy east wind, although the blockchain shoulders heavy responsibilities, it also faces many challenges. In your opinion, what are the difficulties that need to be solved urgently for the development of the blockchain?

Li Yinke: The development of blockchain faces the following problems: First, there are technical defects. It is necessary to promote collaborative research and achieve breakthroughs in core technologies; the second is the issue of technological integration. The integration and application of blockchain and cutting-edge information technologies such as big data, artificial intelligence, Internet of Things, cloud computing, etc. requires relevant government departments and industry organizations to play a functional role to organize relevant industry enterprises to communicate and discuss, and promote the development of blockchain enterprises; three It is the construction of talent system. At present, most of the blockchain enterprises are dominated by non-blockchain personnel, and most of them take advantage of the industry’s popularity and tuyere. This has also led to a mix of fish and dragons in the entire industry, and they have done a lot of things in the name of blockchain that have nothing to do with the development of blockchain applications. , the reason is that the learning of the blockchain is not enough, the blockchain is misunderstood, the blockchain-related talents need to be expanded urgently, and the professional and moral level also needs to be improved.

“Securities Daily” reporter: Could you please predict the opportunities and challenges for the development of the domestic blockchain industry in 2020?

Li Yinke: 2020 is a turning point for blockchain. When a technology rises to the national strategic level, it fully demonstrates the importance of blockchain in the future information technology field, but opportunities and challenges coexist, and blockchain practitioners should identify their own roles. In recent years, there have been many risk events in the name of blockchain, especially in the financial field. Blockchain practitioners can develop business in the field of supply chain finance or data asset governance.

Responsible editor: ct

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