In recent times, industrial blockchain is in full swing.

A month ago, the "Starfire Cup" blockchain application competition and the 5th China Blockchain Development Competition kicked off. Last week, the BSN Global Partner Conference was held in Hangzhou.

The Hubei Provincial Government even personally held a press conference five days ago to announce the launch of the Blockchain Application Innovation and Entrepreneurship Competition, not only for policy support but also to invest real money to promote the industrial blockchain on the ground.

After this National Day holiday, the first China Trusted Blockchain Security Attack and Defense Competition hosted by the Chengdu Municipal People's Government will also be held soon.

Behind the series of competitions, it reflects the urgent expectation of China for industrial blockchain.

Time waits for no man

In June this year, the Ministry of Industry and Information Technology and two other ministries issued the "Guidance on Accelerating the Application and Industrial Development of Blockchain Technology", setting a deadline for China's industrial blockchain: by 2025, the comprehensive strength of the blockchain industry will reach the world's advanced level and the industry will take shape.

In a pinch, there are still 4 years and 2 months.

According to the data from the Digital Economy Industry Research Center of Sadie Consulting, the scale of blockchain industry in China was less than 3 billion yuan last year.

The development situation is very serious, but the good thing is that China's policy support for blockchain is unprecedented, placing it in the strategic position of "an important breakthrough in independent innovation of core technology" and including it in the 14th Five-Year Plan and the outline of 2035 visionary goals. It can be said that all industrial blockchain practitioners have no way back, and must open up a group of horsepower to make a major breakthrough within the deadline.

To be good at work, you must first make a good use of it

In order not to be "necked" by foreign countries like chips and semiconductors, China must build its own leading blockchain technology framework.

A number of blockchain architectures with China's own innovation, such as BSN, Starfire-ChainNet and Chang'an Chain, have been on the stage of history.

BSN (Blockchain-based Service Network) is a global public infrastructure network for deploying and running blockchain applications across cloud services, portals, and underlying frameworks, launched by the State Information Center, China Mobile, China UnionPay, and Red Date Technology in October 2019 and officially launched for commercial use in April 2020.

Starfire-Chain is a blockchain architecture launched in August 2020 by the China Academy of Information and Communication Technology under the guidance of the Ministry of Industry and Information Technology, which is a "new type of infrastructure" for the digital economy with independent innovation.

Chang'an Chain is the first independent and controllable blockchain software and hardware technology system released in China under the guidance of the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission and the Beijing Municipal Government, and was officially released in January 2021.

In just two years, the blockchain "national team" has been rapidly formed, reserving a strong force for China in the future global blockchain technology competition.

Inclusive, Both Alliance Chain and Public Chain

Although the alliance chain is the most promising technology for practical application in China, and it meets the regulatory requirements more than the public chain, the public chain is more flexible and open, especially the public chain with permission between the two can "expand the consensus" to the maximum extent, and it has the flexibility and openness of the public chain, and it is manageable and controllable, so it is a realistic choice for the runnable blockchain. It is a realistic choice to run blockchain.

"The underlying blockchain platform (BIF-Core) released last year by Starfire-Chain.com is a licensed public chain developed by China Academy of Information and Communications Technology. Recently, TelNaaS, the backbone node solution of Starfire-ChainNet released by Tel Infosys, a wholly-owned subsidiary of CICT, can also carry the licensed public chain technology and distributed identification BID technology. The distributed BID technology standard is based on the public chain of license, jointly developed by China Academy of Information and Communication Research and Tel Infosys, and has been included in the international W3C Credentials Community Group (CCG) distributed identification (DID) specification.

BSN is more inclusive in its approach, serving as a public infrastructure environment for blockchains benchmarked against the Internet, directly integrating public chains such as Ether, Nervos, Tezos, NEO, IRISnet, and EOS. Developers on these public chains can build dApps and run nodes with the data storage and bandwidth of BSN's overseas data centers. However, while BSN supports both public and federated chains, each portal provider needs to follow the laws and regulations as well as policy regulations of the country where it is located.

In recent times, industrial blockchain is in full swing.

A month ago, the "Starfire Cup" blockchain application competition and the 5th China Blockchain Development Competition kicked off. Last week, the BSN Global Partner Conference was held in Hangzhou.

The Hubei Provincial Government even personally held a press conference five days ago to announce the launch of the Blockchain Application Innovation and Entrepreneurship Competition, not only for policy support but also to invest real money to promote the industrial blockchain on the ground.

After this National Day holiday, the first China Trusted Blockchain Security Attack and Defense Competition hosted by the Chengdu Municipal People's Government will also be held soon.

Behind the series of competitions, it reflects the urgent expectation of China for industrial blockchain.

Time waits for no man

In June this year, the Ministry of Industry and Information Technology and two other ministries issued the "Guidance on Accelerating the Application and Industrial Development of Blockchain Technology", setting a deadline for China's industrial blockchain: by 2025, the comprehensive strength of the blockchain industry will reach the world's advanced level and the industry will take shape.

In a pinch, there are still 4 years and 2 months.

According to the data from the Digital Economy Industry Research Center of Sadie Consulting, the scale of blockchain industry in China was less than 3 billion yuan last year.

The development situation is very serious, but the good thing is that China's policy support for blockchain is unprecedented, placing it in the strategic position of "an important breakthrough in independent innovation of core technology" and including it in the 14th Five-Year Plan and the outline of 2035 visionary goals. It can be said that all industrial blockchain practitioners have no way back, and must open up a group of horsepower to make a major breakthrough within the deadline.

To be good at work, you must first make a good use of it

In order not to be "necked" by foreign countries like chips and semiconductors, China must build its own leading blockchain technology framework.

A number of blockchain architectures with China's own innovation, such as BSN, Starfire-ChainNet and Chang'an Chain, have been on the stage of history.

BSN (Blockchain-based Service Network) is a global public infrastructure network for deploying and running blockchain applications across cloud services, portals, and underlying frameworks, launched by the State Information Center, China Mobile, China UnionPay, and Red Date Technology in October 2019 and officially launched for commercial use in April 2020.

Starfire-Chain is a blockchain architecture launched in August 2020 by the China Academy of Information and Communication Technology under the guidance of the Ministry of Industry and Information Technology, which is a "new type of infrastructure" for the digital economy with independent innovation.

Chang'an Chain is the first independent and controllable blockchain software and hardware technology system released in China under the guidance of the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission and the Beijing Municipal Government, and was officially released in January 2021.

In just two years, the blockchain "national team" has been rapidly formed, reserving a strong force for China in the future global blockchain technology competition.

Inclusive, Both Alliance Chain and Public Chain

Although the alliance chain is the most promising technology for practical application in China, and it meets the regulatory requirements more than the public chain, the public chain is more flexible and open, especially the public chain with permission between the two can "expand the consensus" to the maximum extent, and it has the flexibility and openness of the public chain, and it is manageable and controllable, so it is a realistic choice for the runnable blockchain. It is a realistic choice to run blockchain.

"The underlying blockchain platform (BIF-Core) released last year by Starfire-Chain.com is a licensed public chain developed by China Academy of Information and Communications Technology. Recently, TelNaaS, the backbone node solution of Starfire-ChainNet released by Tel Infosys, a wholly-owned subsidiary of CICT, can also carry the licensed public chain technology and distributed identification BID technology. The distributed BID technology standard is based on the public chain of license, jointly developed by China Academy of Information and Communication Research and Tel Infosys, and has been included in the international W3C Credentials Community Group (CCG) distributed identification (DID) specification.

BSN is more inclusive in its approach, serving as a public infrastructure environment for blockchains benchmarked against the Internet, directly integrating public chains such as Ether, Nervos, Tezos, NEO, IRISnet, and EOS. Developers on these public chains can build dApps and run nodes with the data storage and bandwidth of BSN's overseas data centers. However, while BSN supports both public and federated chains, each portal provider needs to follow the laws and regulations as well as policy regulations of the country where it is located.