China economic news.com (reporter Jiang Yeqing) March is the season of warm spring and hope. Although people can’t sit around the stove due to the impact of the epidemic, top experts in blockchain industry such as think tanks, scientific research institutions and enterprises and more than 10000 blockchain fans from 45 cities across the country, including Beijing, Shanghai, Guangzhou and Shenzhen, gathered online. On March 1, at the “2020 Fire Festival” launched by huocoin China, more than ten blockchain celebrities discussed the development of blockchain after the epidemic from their respective fields. Participants believed that although the epidemic made the start of the world economy in 2020 very difficult, it can be seen as a stress test experiment for global industrial and financial integration. It also made blockchain technology as a basic and systematic facility in the future, proving its practical value at the application level.

Opportunities outweigh challenges

At present, this sudden epidemic is still continuing, and its impact has affected all industries, which is even more empathetic for entrepreneurs in the blockchain industry. At the sharing session, yuan Ruijuan, assistant to the president of Huo coin group and general manager of Huo coin labs, released the white paper on the current situation of Chinese blockchain entrepreneurs in 2020 summarized from the previous questionnaire survey activity with the theme of “opportunities and challenges for blockchain entrepreneurs under the epidemic”.

From the analysis of the survey results, during the epidemic period, the blockchain industry, like the real industry, encountered business pressure and bottlenecks. On the one hand, blockchain entrepreneurs are greatly affected by the epidemic and are troubled by the shortage of funds and limited operation. At the same time, the entrepreneurial development in the blockchain field is also affected by factors such as technological progress and talent gap, which makes it difficult to expand the entrepreneurial scale and make entrepreneurial breakthroughs. On the other hand, the continuous application of blockchain technology during the epidemic also increased the confidence of blockchain practitioners in the development of the industry.

“The impact of this epidemic will make people rethink the importance of data transparency, authenticity and credibility, and the importance of system integration.” Meng Yan, vice president of digital assets research institute and consultant of huocoin China, believes that China will invest heavily in building the next generation of national IT infrastructure, and disaster prevention and emergency response will be one of the rigid needs.

Zhao Wei, director of blockchain special committee of China intellectual property development alliance, said that the epidemic crisis has brought opportunities for blockchain. In the future, blockchain will play an important role in epidemic prevention and control, public health and public welfare. Blockchain may play a fundamental role in building a national disaster prevention and emergency command system, which will also drive the rapid development of blockchain.

Yu Jianing, President of huocoin University, believes that “danger” and “opportunity” always accompany each other. After the epidemic, transformation will become the main hope and outlet for enterprise development, innovation will become the rigid demand for industrial recovery, and blockchain will play a vital role. It can be predicted that the application of industrial blockchain will accelerate in 2020.

Blockchain application will accelerate the upgrading of industrial pattern

Since 2019, blockchain is not only a basic and systematic technology and facility, but also can bring specific solutions from the application level, and is expected to become an important engine of industrial change in the future.

The annual report “panorama of global blockchain industry development (2019-2020)” released by huocoin Research Institute shows that the blockchain industry has not only seen large-scale applications in the fields of finance, supply chain, intellectual property, electronic deposit certificate and medical treatment, but also the establishment of public infrastructure organizations such as BSN (blockchain service network), which has accelerated the application of blockchain industry while reducing enterprise application barriers.

Li Yu, Chief Strategic Officer of tus blockchain, said that in the future, with the implementation and promotion of 5g and other new technologies, the direction of national investment will turn to the field of digital infrastructure, which is a great opportunity for blockchain enterprises. Li Yinke, vice chairman of the blockchain special committee of China Electronic Chamber of Commerce, also believes that the rise of blockchain as a national strategy will play an important role in the modernization of the national governance system and in Internet judicial governance, reform and innovation.

“The wide application of blockchain technology will significantly reduce the operation cost of the whole society, improve efficiency and change people’s original cognitive standards, which will inevitably lead to a new round of industrial pattern upgrading.” Li Hui, vice president of huocoin Research Institute, pointed out that with the rising status of blockchain, China’s blockchain related patent applications have also become the largest in the world. By the end of 2019, there were about 22000 blockchain related patents in the world, of which China accounted for 63%.

As a one-stop platform for blockchain + industrial services, huocoin China relies on huocoin blockchain Research Institute, huocoin University and industrial empowerment center to create professional services in the whole life cycle of the blockchain industry.

“As the country pays more and more attention to and develops emerging technologies such as blockchain, it is believed that there will be more innovative combination and application of new industries in blockchain in 2020.” Yuan Yuming, CEO of huocoin China, said that he hoped to use this “Fire Festival” to quench the thinking essence of blockchain technology development and promote the blockchain industry to achieve a qualitative leap in development in 2020.

Responsible editor: CT

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