Xi Jinping: accelerate the development of block chain technology and industry innovation

Time:2020-4-8

In the afternoon of October 24th, the CPC Central Committee conducted eighteenth collective studies on the status and trends of the block chain technology. Xi Jinping, China’s top leader, presided over the study, saying that the application of block chain technology has extended to many fields, such as digital finance, Internet of things, intelligent manufacturing, supply chain management, and numeric assets trading. At present, major countries in the world are accelerating the development of blockchain technology. China has a good foundation in the field of blockchain. We should accelerate the development of blockchain technology and industry innovation, and actively promote the development of blockchain and economic and social integration.

It is emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. We should take blockchain as an important breakthrough in independent innovation of core technology, clarify the main direction of attack, increase investment and strive to tackle a number of key core technologies.

On the afternoon of October 24, the Political Bureau of the CPC Central Committee conducted the 18th collective learning on the current situation and trend of blockchain technology development. Xi Jinping, general secretary of the CPC Central Committee, stressed that the integrated application of block chain technology played an important role in new technological innovation and industrial transformation. We should take blockchain as an important breakthrough in independent innovation of core technology, clarify the main direction of attack, increase investment, focus on tackling a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.

Chen Chun, a professor of Zhejiang University and academician of the Chinese Academy of engineering, explained the issue and made comments and suggestions.

All comrades of the Political Bureau of the CPC Central Committee listened to the explanations and discussed them.

Xi Jinping made a speech during his presided over the study. He pointed out that the application of blockchain technology has extended to digital finance, Internet of things, intelligent manufacturing, supply chain management, digital asset trading and other fields. At present, major countries in the world are accelerating the development of blockchain technology. China has a good foundation in the field of blockchain. We should accelerate the development of blockchain technology and industry innovation, and actively promote the development of blockchain and economic and social integration.

Xi Jinping emphasized that we should strengthen basic research and enhance original innovation ability, and strive to make our country take the forefront of theory in the emerging field of block chain, occupy the commanding heights of innovation and gain new industrial advantages. We need to promote collaborative research, accelerate core technology breakthroughs, and provide safe and controllable technical support for the development of blockchain applications. We need to strengthen the research on the standardization of blockchain and enhance the international discourse power and rule-making power. We should speed up industrial development, give full play to market advantages, and further open up the innovation chain, application chain and value chain. We need to build a blockchain industry ecosystem, accelerate the in-depth integration of blockchain, artificial intelligence, big data, Internet of things and other cutting-edge information technologies, and promote integrated innovation and integrated application. We should strengthen the construction of the talent team, establish and improve the talent training system, create various forms of high-level talent training platforms, and cultivate a number of leading figures and high-level innovation teams.

Xi Jinping pointed out that we should seize the opportunity of technology integration, functional expansion and industrial segmentation of block chain technology, and play the role of block chain in promoting data sharing, optimizing business processes, reducing operating costs, enhancing synergy efficiency, and building a credible system. We need to promote the deep integration of the blockchain and the real economy, and solve the problems of SMEs’ loan financing, bank risk control, and department supervision. We should use blockchain technology to explore the innovation of digital economy mode, provide power for creating a convenient, efficient, fair competition, stable and transparent business environment, provide services for promoting supply side structural reform, realizing effective docking of supply and demand in various industries, and provide support for accelerating the continuous transformation of new and old driving forces and promoting high-quality economic development. We need to explore the application of “blockchain +” in the field of people’s livelihood, actively promote the application of blockchain technology in education, employment, pension, precision poverty alleviation, health care, commodity anti-counterfeiting, food safety, public welfare, social assistance and other fields, so as to provide people with more intelligent, more convenient and better public services. It is necessary to promote the combination of the underlying technology services of the blockchain and the construction of a new smart city, explore the promotion and application in the fields of information infrastructure, smart transportation, energy and electricity, and improve the intelligent and precise level of urban management. We need to use blockchain technology to promote greater connectivity among cities in terms of information, capital, talent, credit and other aspects, so as to ensure the orderly and efficient flow of production factors in the region. It is necessary to explore the use of blockchain data sharing mode, realize the common maintenance and utilization of government data across departments and regions, promote business collaboration, deepen the “run once” reform, and bring better government service experience to the people.

Xi Jinping emphasized that we should strengthen the guidance and standardization of the block chain technology, strengthen the research and analysis of the risk of the block chain, closely follow the development trend, and actively explore the law of development. It is necessary to explore the establishment of a security system that adapts to the blockchain technology mechanism, guide and promote blockchain developers and platform operators to strengthen industry self-discipline and implement security responsibilities. We need to implement the rule of law into blockchain management and promote the orderly development of blockchain security.

Xi Jinping pointed out that the relevant departments and their leading comrades should pay attention to the current situation and trend of the development of the block chain technology, and improve the ability to use and manage the block chain technology, so as to make the block chain technology play a greater role in building a network power, developing the digital economy, and helping the economic and social development.

News source: Xinhua News Agency