Paint Society Information: Why is blockchain a national strategic technology?

First, the People's Bank of China has been working on digital currencies since 2014, and we have a Digital Currency Institute with a dedicated team that is making positive progress.
we combine the central bank's digital currency with electronic payment instruments, so it's called a package of digital money and electronic payments.
, what are the goals of digital money and electronic payments in the future? The goal is to replace part of M0, that is, part of cash, which is not to replace M1 or the broader currency M2.
, the framework for the future of our digital currency is a two-tiered operating system of central banks and commercial banks, which does not change the current monetary delivery path and system, thus fully mobilizing the enthusiasm of the market.
Fourth, we will adhere to the central management, in the research and development work does not preset the technical route, can be fair competition in the market, can consider blockchain technology, but also take the existing electronic payment based on the evolution of new technologies, fully mobilize the enthusiasm and creativity of the market, we have also set up and market institutions to stimulate compatible mechanisms.
blockchain rise to national strategic technology? Blockchain establishes strong trust relationships and value transmission networks through a variety of technologies, such as point-to-point distributed billing, multi-node consensus mechanism, symmetric encryption and smart contracts, making it distributed, trustworthy, non-tamperable, value transferable and programmable.
blockchain can be deeply integrated into traditional industries, through the integration of industry upgrading in the process of trust and automation and other issues, greatly enhance sharing and reconstruction and other ways to help traditional industry upgrading, re-establish trust relations, improve industrial efficiency.
1, address the shortcomings of centralized systems, such as data transparency and data privacy protection, and emphasize confidence-enhancing - enhancing data credibility and enhancing data credibility, such as certification programs.
2, blockchain with a multi-center approach combined with smart contracts and other technologies to solve the problem of multi-party trust collaboration, on the basis of data trust, re-establish trust relationships and cooperative relations.
3, is also the largest layer of imagination space - digital assets, there will be more and more assets digital and digital assets in the future.
as a common platform for value technology, blockchain can help traditional industries to realize the flow in the digital world, but also through the right to digitize data, IP and other intangible assets, transactions.
is an important foundation for the future digital economy.
4, as the basic support of financial activities, payment settlement business in blockchain financial start-up projects dominated, because payment is closely related to almost all socio-economic activities.
blockchain can not only significantly reduce transaction costs, increase the speed of capital flows, improve payment efficiency, but also help to reduce the threshold of participants, promote the development of global cross-border trade, and thus hope to change the global payment system and digital asset patterns, to build a distributed business ecology.
5, as an emerging cutting-edge technology, blockchain has not yet formed a strong technical barrier, for all countries in the world, basically in the same running line.
china should achieve core technology breakthroughs in this field, with smaller constraints and obstacles, easier to walk in the forefront of theory, occupy the commanding heights of innovation, and gain new advantages in the industry.
addition, china has a good foundation in terms of technology, industry, talent and policy, and has the soil to form a rapid breakthrough.
digitization of the currency has become a trend! Three years ago, no one could have imagined that you could now take a mobile phone, download a WeChat or Alipay, and receive and pay anytime, anywhere, with less and less demand for cash.
for China, the electronicization of the currency alone will be difficult to meet future needs, both in terms of security and in terms of the internationalization of the renminbi.
electronics like Alipay still have a lot of drawbacks, can not produce competitive advantage in the international market and higher than the dollar trust, the latter is the direction and the end point.
paperless currency is bound to be a big trend, this paperless has two meanings: one is to electronicize the existing currency! Another is a complete change in the monetary system, using blockchain principles and encryption to issue new digital currencies to replace existing currencies! It is also the biggest challenge for central banks around the world to issue digital currencies.
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, the convergence of all the great.