ChainDD Exclusive | What Changes Has the Chinese Academy of Sciences Brought to the Industry?

Abstract : After the "1025 speech", a large number of blockchain companies and applications have emerged in the blockchain industry, including central banks, universities, and scientific research institutions. The Chinese Academy of Sciences and other top academic institutions and the highest scientific and technological consulting institutions in China have also actively participated in the construction of the blockchain industry.

ChainDD
ChainDD

Dec 25

On October 25th, CCTV News broadcast a report on the eighteenth collective study of the Political Bureau of the Central Committee of the Communist Party of China, with the theme of the current status and trends of blockchain technology development. This is the first time that China's top leadership has publicly set the tone for the blockchain, and it also indicates that the blockchain industry will usher in a major breakthrough, opportunity and development.

After the "1025 Speech", a large number of blockchain companies and applications have emerged in the blockchain industry, including central banks, universities, and scientific research institutions. The Chinese Academy of Sciences and other top academic institutions and the highest scientific and technological consulting institutions in China have also actively participated in the construction of the blockchain industry. Last week, Chen Feng, deputy director of the Joint Laboratory of Blockchain and Application of the Institute of Software of the Chinese Academy of Sciences, revealed that the sharing chain cloud platform launched by the laboratory has passed the national record and the blockchain function test conducted by the Institute of Information and Communication Technology and related performance tests in October. Also last week, the Nanjing Software Technology Research Institute of the Software Research Institute of the Chinese Academy of Sciences and the blockchain technology provider Xuke Tech reached a strategic cooperation on the establishment of a blockchain and edge computing laboratory.

As the "regular army" of the blockchain industry, what changes has the Chinese Academy of Sciences brought to the blockchain industry? Li Pengfei, director of the Academic and Cultural Division of the Bureau of Work of the Chinese Academy of Sciences, said that blockchain technology is valued by the party and the country, and financial-related companies have also received high attention in the information field. The growth points will undergo in-depth research and discussion, and accelerate the pace of technical research and application.

Sun Yi, director of the Blockchain Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences, said that the main research directions of the Blockchain Laboratory of the Institute of Computing Technology of the Chinese Academy of Sciences are divided into three areas, namely  basic theoretical research, independent innovation of key technologies, and research on key industry applications. Basic theoretical research mainly includes optimization of performance, security, decentralization, collaborative optimization of user privacy protection and system supervisability, balance of closed loop of trust and open interoperability, etc .; independent innovation of key technologies, mainly researching blockchain networks issues such as system architecture, privacy protection, regulatory upgrades, consensus mechanisms, etc .; research in key industry applications is mainly aimed at key information management and interoperability in areas such as finance, military, and government affairs.

In the application of blockchain technology, the Chinese Academy of Sciences has also been at the forefront of the industry. Yao Qizhi, an academician of the Chinese Academy of Sciences and professor of Tsinghua University, proposed the Conflux consensus mechanism and participated in the creation of the blockchain project Conflux, which provides high-performance public chains for finance, Internet, Internet of Things, and property rights. Zheng Zhiming, an academician of the Chinese Academy of Sciences and professor at Beijing University of Aeronautics and Astronautics, is the chief scientist of the Bluestone Blockchain Lab. The CefaChain launched by him attempts to solve the scalability problem of the blockchain.

Share to:
Related News

Share to WeChat