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The first anniversary of the establishment of the Shenzhen Blockchain Industry Alliance continues to explore the blockchain technology enabling industry : CryptoCurrency

Crypto Currency

The first anniversary of the establishment of the Shenzhen Blockchain Industry Alliance continues to explore the blockchain technology enabling industry : CryptoCurrency


Source from China Economic

(Translated with google chrome and formatted for an easier read. Also filled in a few tidbits of info for those that are interested)

On November 29, 2018, the Shenzhen Blockchain Industry Alliance was established

The alliance consists of:

  • China Quality Certification Center Shenzhen Branch (responsible for product standards and quality standards sold on the Chinese market)

  • Tencent (creators of WeChat, Tencent Pictures (Terminator: Dark Fate, Wonder Woman, Bumblebee, Venom), Tencent Games (Call Of Duty, Fortnite, PUBG)

  • Silictec (Silicon chip manufacturer owned and run by Mo Bing, the CEO of the cryptocurrency Waltonchain)

  • CIMC Intelligent (Technology research subsidiary of CIMC Group, a world leading supplier of logistics and energy equipment, partnered with Shell, China GAS, and Siemens, to name a few)

  • Zhongan Technology (subsidiary of ZhongAn, a company founded by Alibaba, Tencent and Ping An founders)

  • Neusoft Group (China’s largest IT services provider)

  • Shenzhen IOT Media Co., Ltd.,

  • Shenzhen Standard Technology Research Institute,

  • Shenzhen University Blockchain Technology Research Center.

It has been co-sponsored by 24 enterprises, institutions, universities, industry media and associations, and is committed to promoting blockchain technology research, results transformation, application promotion and industrial development.

Recently, the blockchain technology has been highly affirmed by the Political Bureau of the CPC Central Committee. The stock prices of listed companies involved in the concept of blockchain have soared, and the market is hot. The blockchain is also being discussed as “turned positive” by the state, and the future prospects are bound to be bright.

Right now, close to the year, 2019 will be closed, 1 year has passed, what progress has the Shenzhen Blockchain Industry Alliance made?

Let’s take a look at the progress of the members of the four industry alliances below.

1. Director of the Board of Directors – Tencent

At the original inaugural meeting, Tencent was elected as the chairman unit of the Shenzhen Blockchain Industry Alliance, and Cai Yunge, general manager of the blockchain business of Tencent, served as the chairman of the alliance.

Today, Cai Weige will be the general manager of the Tencent Virtual Bank blockchain.

It is reported that at the “2019 World Blockchain Conference·Wuzhen” held recently, Cai Yige revealed that Tencent has obtained a virtual banking license granted by the Hong Kong Monetary Authority and is preparing for the virtual banking blockchain project. At present, Tencent has implemented digital asset practices in supply chain finance and improving asset and capital allocation efficiency.

From the general manager of the blockchain business to the general manager of the virtual banking blockchain, the stage that can be swayed is naturally broader.

2. Vice Chairman Unit – Siliko [Silictec AKA Waltonchain team]

In 2019, Silico participated in the blockchain national standard as a representative of blockchain enterprises.

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On April 3, 2019, the China Electronics Technology Standardization Institute (hereinafter referred to as the Electronic Standards Institute) organized experts to successfully hold the first working group of the National Standard 2019 of the Information Technology Blockchain and Distributed Book Technology Reference Framework in Shanghai. meeting.

The meeting invited 36 domestic enterprise experts from SAC/TC 180 National Financial Standardization Technical Committee and Silike, Baidu, Tencent, Jingdong and Ping An to attend this conference.

This meeting clarified the national standard content of the Reference Architecture and clarified the next step of writing the plan.

Mo Bing and Wei Songjie [CEO and CTO of Waltonchain], as the developers of the National Standards for the Reference Architecture, and the participating experts conducted in-depth research and discussion on the terminology, user views, functional views, and system views related to the blockchain technology field. The latest progress in the standardization of blockchains at home and abroad.

At the business level, Sicco adheres to the technology research and development of “Internet of Things + Blockchain”, invests a large amount of money in research and development of application solutions and supporting chips, and promotes the improvement of core product systems.

Such as accelerating the improvement of products enriching RFID chips, focusing on the development of low-cost high-performance UHF passive RFID chips, high-performance NFC+UHF dual-band tag chips, and UHF RFID reader chips and modules.

Within one year, it cooperated with a number of listed companies such as Neusoft, Shougang and Laofengxiang to provide corresponding “Internet of Things + Blockchain” technology solutions.

In the future, we will continue to accelerate the promotion and implementation of blockchain plus IoT system solutions, and improve the terminal equipment and software platforms that support anti-counterfeiting, traceability, warehouse inventory, smart retail, data collection and other systems.

So far, 69 patents related to the “Internet of Things + Blockchain” have been submitted, and 47 invention patents have been submitted. The rest are utility models and layout designs.

3. Vice Chairman Unit – Zhongan Information Technology Service Co., Ltd.

As the first Internet insurance company that hopes to reshape the insurance value chain through technology, Zhongan has set up a blockchain team since 2015, reserves core technology, explores the deep integration of blockchain technology and industrial innovation, and has submitted a blockchain to date. There are 129 related patents, and 112 cases can be found in the actual examination.

“In the future, the focus of Zhong’an blockchain will focus more on the exploration of insurance. Blockchain and smart contracts will have a major impact on insurance sooner or later. We have begun to infiltrate from simple, marginal businesses since early health risks. Policy deposits, claims to smart contracts, and policy pass, hope to use technology innovation, release manpower, improve efficiency, reduce transaction friction and loss between collaborations, and create a real new insurance.” Li Xuefeng, CTO of Zhongan Technology Said a few days ago.

In 2019, Zhongan Technology focused on supply chain finance, targeting the long-standing fraud risks of supply chain finance, information silos, difficult credit transfer, and high compliance risk. Zhongan Technology launched the “Public Enterprise Security Chain” to block Chain + supply chain “double-chain” model, and the establishment of a safe and credible supply chain financial ecosystem.

At present, the public enterprise chain has gradually landed in the supply chain of automobile manufacturing, logistics, construction, e-commerce, medical drugs, etc., covering the online enterprise accounts receivable transfer, financing, management, and comprehensive coverage of core enterprises and their upstream suppliers. Settlement and other requirements.

4. Vice Chairman Unit – Neusoft Group Co., Ltd.

As one of the largest IT solutions and service providers in China, Neusoft Group is continuously increasing its investment and strengthening its strategic deployment in the field of blockchain technology to expand its business.

Utilize the Aiguille-BCP peak series blockchain technology application platform to integrate the blockchain with the current model of the enterprise.

It is reported that blockchain as a new computer application technology and basic technology, Neusoft Group began tracking and pre-judging since the beginning of 2016, and strengthened ecological cooperation, combined with the company’s main business to achieve more scenarios, to provide users with more solutions. The program realizes the real landing of blockchain technology.

In the application of blockchain technology, Neusoft Group is mainly engaged in the application of scenario-driven technology route selection and cooperative ecological establishment. In February 2018, Neusoft Group developed a blockchain-based medical data sharing platform (CareVault).

In 2019, Neusoft developed a traceable management platform for licensed medical equipment for the pioneering area of Hainan Boao Lecheng International Medical Tourism.

The platform is a set of chartered medical equipment traceability management platform supported by electronic signature, blockchain, internet of things, GIS and visualization technology in the pioneering area of Boao Lecheng International Medical Tourism in Hainan, through licensed drugs and medical devices. The functions of online electronic approval, traceability supervision and adverse reaction monitoring provide information support and reasonable and effective supervision means for the full-process traceability supervision of licensed medical equipment.

The development of blockchain technology landing scenes is long, how to empower the industry to become a standardized technical infrastructure, but also need long-term exploration and running-in.


It might be time to filter out the noise in crypto (particularly the tribalism and vulture culture) and do some research into these entities that are literally terraforming the entire blockchain landscape in the Silicon Valley of China. We must remember that no single cryptocurrency will be ‘the coin’ of China, and any notion that suggests so is simply delusional. We must also remember that the consultants involved with setting reference architecture of blockchain standards must be taken seriously – the cryptos that want to operate in China will no doubt be adhering to policies and standards set out by these consultants.


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