PA Weekly Issue 89 2019.12.30-2020.01.05

Text | Edited by Zhou Wenyi | Produced by Bi Tongtong | PANews

Overview: The central bank will continue to steadily promote the research and development of legal digital currency in 2020; the Banking and Insurance Regulatory Commission's anti-illegal bureau stated that it will carry out publicity on preventing illegal fund-raising during the Spring Festival, focusing on key areas such as blockchain; Oppose company layoffs; the Ethereum mainnet has activated the Muir Glacier upgrade, and the average daily block time has been shortened by nearly 25%.

According to PANews statistics, a total of 4 projects in the blockchain field were announced last week for financing, with a total amount of more than 5.785 million US dollars (excluding projects that have not disclosed the specific investment and financing amount), involving exchanges, crowdfunding platforms, content and other fields .

o1 Central Bank: Continue to steadily promote the research and development of legal digital currency in 2020

On January 5, the 2020 People's Bank of China Work Conference was held in Beijing. The meeting emphasized that the research and development of legal digital currency will continue to be steadily promoted in 2020. Further expand the application field of the global legal entity identifier (LEI) in our country.

o2 Central Bank: Introduce a series of regulatory rules for financial technology such as personal financial information protection and blockchain

On December 30, the central bank's financial technology committee meeting was held in Beijing. The meeting summarized the financial technology work in 2019, and researched and deployed key tasks in 2020. Fan Yifei, member of the Party committee and deputy governor of the People's Bank of China, presided over the meeting and delivered a speech. The meeting emphasized that in 2020, we must adhere to the "two-pronged approach" of development and supervision, and continue to promote the steady and long-term development of financial technology. The third item is: increase the supervision of financial technology, and introduce a series of regulatory rules for financial technology such as personal financial information protection and blockchain , give full play to the role of standard rules, testing and certification, and build the "four lines of defense" of fintech innovation management covering industry supervision, social supervision, association self-discipline, and institutional autonomy.

o3 Mutual Finance Association: The key tasks in 2020 include research on the application scenarios of legal digital currency

On December 30, the Mobile Finance Professional Committee of the Mutual Finance Association held a meeting. The key tasks in 2020 include: research on the application scenarios of legal digital currency under the framework of mobile finance; evaluation of the maturity of blockchain technology applications in the financial industry; RMB cross-border mobile payment research etc.

o4 State Administration of Foreign Exchange: Promoting the construction of cross-border financial blockchain service platform

On January 5, according to the State Administration of Foreign Exchange, the National Foreign Exchange Administration Work Conference was held in Beijing. The meeting deployed the key tasks of foreign exchange management in 2020, pointing out that the reform and opening up in the field of foreign exchange should be deepened to serve the new pattern of comprehensive opening up. Support new forms of trade and promote the construction of a cross-border financial blockchain service platform. Deepen the reform of "decentralization, regulation and service", and support the first trial of foreign exchange management reforms in the Pilot Free Trade Zone, Hainan Free Trade Port, and Guangdong-Hong Kong-Macao Greater Bay Area.

o5 China Banking and Insurance Regulatory Commission's anti-illegal bureau: will carry out publicity on prevention of illegal fund-raising during the Spring Festival, focusing on key areas such as blockchain

On January 3, the China Banking and Insurance Regulatory Commission's Crackdown on Illegal Financial Activities Bureau reported that the Office of the African Union issued the "Notice on Doing a Good Job in Preventing Illegal Fund-raising Publicity and Education During the Spring Festival in 2020", and will carry out a nationwide campaign to prevent illegal fund-raising educational activities. The notice pointed out that it is necessary to grasp the key areas, and promptly reveal the methods and remind the risks of illegal fund-raising behaviors carried out in the name of investment and financial management, pension and health care, private equity crowdfunding, and blockchain.

o6 State Encryption Administration: From January 1, 2020, applications for varieties and models of commercial encryption products will no longer be accepted

On December 30, according to the official announcement, the State Encryption Administration issued the Announcement (No. 39) of the State Encryption Administration and the State Administration for Market Regulation on Adjusting the Management Methods of Commercial Encryption Products. 1. From January 1, 2020, the State Encryption Administration will no longer accept applications for varieties and models of commercial encryption products, and will stop issuing "Commercial Encryption Product Model Certificates". From July 1, 2020, the issued "Commercial Encryption Product Model Certificate" will automatically become invalid. 2. The State Administration for Market Regulation and the State Encryption Administration shall separately formulate and release product catalogs, certification rules, and relevant implementation requirements for nationally recommended commercial encryption certification. From the date of implementation of the certification rules, commercial cryptography practitioners may voluntarily submit certification applications to qualified commercial cryptography certification bodies.

o7 The drafting group of "Application of Anti-Money Laundering Standards in the Blockchain Industry" was formally established

On January 2, the Blockchain Branch of the China Software Industry Association announced the establishment of a drafting group for the "Application of Anti-Money Laundering Standards in the Blockchain Industry". Application of Anti-Money Laundering Standards.

This drafting group is mainly to clarify the normal financial behavior and abnormal financial behavior in the blockchain-related fields, and to curb illegal money laundering by using the blockchain application platform and technology to avoid the scrutiny of law enforcement officers and other investigators. The notice is copied to the Ministry of Industry and Information Technology, China Internet Finance Association Internet Finance Standard Research Institute, China Payment and Clearing Association Technology and Standards Department, China Software Industry Association and other departments.

o8 Nanjing Municipal Party Committee No. 1 Document: Promoting the Collaborative Development of Industries, Strengthening Chains and Encouraging the Landing and Application of Blockchain Industry

On January 2, the 2020 Nanjing Innovation Famous City Construction Promotion Conference was held in Jiangsu Grand Theater. At the meeting, the 2020 Municipal Party Committee Document No. 1 "Several Policies and Measures on Further Deepening the Construction of a Famous Innovation City and Accelerating the Improvement of Industrial Basic Capabilities and Industrial Chain Levels" was released . The document points out: Promote the coordinated development of strong chains in the industry, encourage the application of blockchain in the industry, support leading enterprises to build alliance chains, and promote the industry to climb to the middle and high end of the value chain.

o9 Shenzhen digital currency pilot will enter transportation, education, medical and other service scenarios

According to the news from Shenzhen Business Daily on January 3, according to authoritative sources, the central bank is led by the People's Bank of China, with the participation of the four major state-owned commercial banks of Industry, Agriculture, China, and Construction, and the three major telecom operators China Mobile, China Telecom, and China Unicom. Legal digital currency pilot projects are expected to land in Shenzhen, Suzhou and other places.

It is reported that the relevant standards of legal digital currency and the testing of payment system access are also advancing simultaneously. Moreover, compared with the previous pilot, this pilot of the central bank's legal digital currency will go out of the central bank system and enter real service scenarios such as transportation, education, and medical care.

o1 Huobi Li Lin stepped down as the legal person and director of Julian Group, a company on the New Third Board

According to Tianyancha information, on December 27, 2019, Huobi Li Lin stepped down as the legal representative and chairman of the New Third Board company Beijing Julian Times Technology Group Co., Ltd. Zhu Guoguo took over as the legal person and Zhang Zijin took over as the chairman. Directors Tan Chenhui, Hu Donghai, Ju Jianhua and Gao Yaohua resigned at the same time as Li Lin, as well as members of the supervisory board Xu Mingsheng, Chen Jing and Ning Hao. A total of 8 new directors, managers and supervisors were added.

And just the day before, Jingjulian Times Technology Group Co., Ltd. issued a clarification announcement stating that "the legal representative of the company is Li Lin. Li Lin is involved in the virtual currency exchange Huobi.com, and Huobi.com is involved in some negative news", The company intends to complete the change of legal representative and address in the near future. Among them, the legal representative will be changed from Li Lin to Zhu Guoguo, the general manager of the company. Li Lin has ceased to serve as director and chairman since December 8, 2017. "The announcement stated that Li Lin has not held any position in the company since December 2017 and has not participated in the company's operations; since May 2019, he no longer holds shares in the company. Except for the legal representative of the company, Li Lin has no connection with the company at present."

It is reported that in February 2016, Li Lin acquired Bangu Technology, a company on the New Third Board, and later changed its name to Beijing Caimao Times Network Co., Ltd. That month, the company’s extraordinary shareholders’ meeting passed a resolution to change the company’s name from “Beijing Caimao Times Network Co., Ltd.” to “Beijing Julian Times Technology Group Co., Ltd.” In fact, in addition to Beijing Julian Times Technology, many companies where Li Lin is a legal person or executive have abnormal operations. Among them are Beijing Pengle Investment Management Co., Ltd., where Li Lin is an executive, and Beijing Huobi Tianxia Network Technology Co., Ltd., the operating entity of Huobi.com.

o2 Ketuan Zhan refuted the rumor that "Bitmain started personnel optimization" and resolutely opposed the company's layoffs

On January 2, the self-media Wu said that the blockchain issued a document stating that several people familiar with the matter confirmed that Bitmain had launched a personnel optimization plan at the end of 2019. Bitmain insiders revealed that the company is currently operating normally and has a healthy cash flow. The optimization is only a "slimming plan" to deal with the halving, and it is also a corrective measure for the former chairman's business expansion. Jihan Wu held a related meeting last weekend and asked all department managers to submit an optimized list.

It is expected that the optimization plan will be completed before the Bitmain annual meeting, that is, before January 17. It is reported that the reason for personnel optimization is that the mining industry is facing the pressure of Bitcoin halving, and the company needs to streamline the organization to "survive the winter", while focusing on the main business and maintaining a leading edge in technology. Compared with the 100-person staff of its competitor Shenma Mining Machine, Bitmain has more than 1,000 staff, and the number of personnel is relatively redundant. Industry insiders said that the current trend of Bitcoin is not clear, and the halving of Bitcoin in May is a huge uncertain factor for mining machine companies. Bitmain should indeed optimize its personnel. A suspected Bitmain employee broke the news, saying that the AI ​​business had already found a joint venture partner, but was rejected by the former chairman, which was one of the reasons for the optimization. Another Bitmain insider said that this optimization is also a corrective action against the former chairman’s business expansion and free use of funds. It is reported that the AI ​​business will become the focus of optimization because it cannot generate profits. The mining machine business is currently in full swing and will be relatively safe in order to maintain the leading edge of technology in the industry.

In this regard, on January 6, Ketuan Zhan published an open letter "A Letter to Employees: I Resolutely Oppose Layoffs" on Weibo. The article stated that the above-mentioned news does not conform to commercial common sense and logic, and it should be a rumor. On the one hand, compared with the competitor’s 1,000-person team, Bitmain’s AI business line has less than 800 people, and the company’s capital and asset reserves can bear the expenses of this part of the business line. In addition, Ketuan Zhan believes that S17 is a competitive product in the current market. In addition, Bitmain’s S19 series mining machines will be launched soon, which is predicted to bring considerable profits to Bitmain. "Layoffs in response to Bitcoin halving" is absurd. Ketuan Zhan firmly opposes layoffs. He said, "I firmly oppose such layoffs! We don't need to lay off staff! We can't play suicide!"

o3BiUP's shareholder chain technology divestment, business scope cut off "bookkeeping agency" and other businesses

According to the information from Tianyancha, Beijing Chainshang Technology Co., Ltd. withdrew its investment in Beijing Shangbi Network Technology Co., Ltd. (BiUP) on January 5, and withdrew from the shareholders of Shangbi Network. Before the withdrawal, it held 8% of the shares and added new shareholders. Li Qiuling holds 1.08% of the shares. And two days ago, Chainlink Technology withdrew from the legal person of Shangbi Network, and was taken over by Beijing Qiannuojiyuan Network Technology Co., Ltd., adding Li Qiuling, a natural person shareholder.

It is reported that Beijing Shangbi Technology Network Co., Ltd. (BiUP) is an aggregated digital currency exchange that conducts intelligent trading of thousands of currency pairs. It was jointly established by Beijing Qiannuojiyuan Network Technology Co., Ltd. and Beijing Chainshang Technology Co., Ltd.

It is worth mentioning that, also on January 3, Shangbi Network removed the business scope of “engagement in Internet cultural activities; Internet information services; agency bookkeeping; technology promotion services” and other businesses. The scope of business has been changed from the previous "engagement in Internet cultural activities; Internet information services; agency bookkeeping; technology promotion services; enterprises independently select business projects and carry out business activities according to law; engage in Internet cultural activities, Internet information services, agency bookkeeping and legally required Approved projects." changed to "Technology development, technical services; sales of electronic products, handicrafts, stationery, daily necessities, knitted textiles, clothing; corporate planning; corporate management consulting; economic and trade consulting; organizing cultural and artistic exchange activities (excluding performances) ); conference and exhibition services; computer graphic design and production."

In addition, the company’s shareholder Beijing Qiannuojiyuan Network Technology Co., Ltd. removed the “investment management; asset management; investment consulting” business from the business scope as early as December 25, 2019, and changed the company’s domicile at the same time.

o4 Chengdu Lianan: More than 9 typical security incidents occurred in December

On January 2, according to data from Beosin-Eagle Eye, a situational awareness platform in Chengdu, there were nine typical security incidents in the past month (December). in:

DApp: On December 6, the Tron Lounge DApp was attacked by a rollback transaction, with a total loss of 54653TRX.

Regarding the public chain: On December 14, VeChain officially announced that it was attacked by hackers, and 1.1 billion VETs were stolen, and 6.4 million US dollars were missing; on December 20, 2 million NULS tokens were stolen from the official account of the NULS public chain. Coin; on December 30, the public chain IOTA main network had a consensus split and could not be updated, and the TPS was close to 0; on December 1, Vertcoin (VTC) suffered a 51% attack, and the attacker successfully used its own 553 blocks The block replaces 603 VTC main chain blocks.

Wallet: The Ethereum wallet Shitcoin Wallet is suspected to be malicious JavaScript code, trying to grab data from the browser window and send it to the remote server erc20wallet.tk.

Other aspects: The Poloniex cryptocurrency exchange sent emails to inform customers that there may be data leakage; hackers were found to use JPEG photos of famous singer Taylor Swift to hide the malicious encryption mining software MyKingz; Use the official name of 58COIN to achieve fishing purposes.

o5Poloniex: There has been no data leakage, and customers are required to reset their passwords only to ensure account security

On January 3, Poloniex officially updated the latest developments about the "data leak" incident, saying that the previous request for users to change their passwords was for security reasons, not due to Poloniex information or data leaks.

Poloniex claims: "This week, we sent emails to approximately 1% of our total customers asking them to reset their passwords in response to a tweet claiming to contain 'Poloniex leaked email addresses and passwords.' Now to clarify, Poloniex has not experienced information or data leakage, and the email is only issued to quickly respond to external red flags. Our top priority is to ensure the security of customer accounts. Therefore, we have reset the passwords of potentially affected customers. The official stated that for the current situation This list and the content information are not from Poloniex." In addition, Poloniex also stated that less than 5% of the email addresses in the tweet's information list are related to Poloniex accounts.

It is reported that the "data leak" incident originated on December 30, when a user posted a screenshot of an email on Twitter and claimed to have received an email from Poloniex. The content of the email informs that the leaked email address and password list may be used to log in to the Poloniex account and reset the password on any email address with the exchange account. Another tweeted out a list of email addresses and passwords they said could be used to log into Poloniex accounts.

o6 The financing platform for small and medium-sized enterprises in Guangdong Province was launched, and 60% of the loan application process was simplified based on blockchain technology

On January 2, the financing platform for small and medium-sized enterprises in Guangdong Province was launched and issued the first unsecured blockchain loan in the country. The platform makes full use of Guangdong's "digital government" data resources and financial technology methods such as blockchain, cloud computing, and artificial intelligence to focus on solving the problem of information asymmetry, provide enterprises with multi-dimensional business credit portraits, and provide customized supply chain financing , trade financing, intellectual property financing and other financing solutions, and help financial institutions strengthen risk management capabilities and improve financial service efficiency. After the platform was launched, the first online unsecured financing credit based on blockchain technology was accepted within 3 minutes and passed the credit review.

At present, the financing platform for SMEs in Guangdong Province has access to 213 types of government data from 26 government agencies; it has successfully connected with 129 financial institutions in the province such as Industrial and Commercial Bank of China, Construction Bank, and Ping An Bank, and launched 319 financial products for the whole province. More than 11 million enterprise information is comprehensively collected, and enterprise risk ratings and portraits are carried out. It is the first platform in the country to conduct commercial credit analysis and evaluation of small and medium-sized enterprises in the whole province.

According to the 21st Century Business Herald, the platform has already connected with Ant Financial and Baihang Credit Information. In the future, it will create a financial service ecosystem for small and medium-sized enterprises, giving priority to 45,000 national high-tech enterprises, as well as small-scale upgraded enterprises, specialized and special new enterprises. Enterprises solve financing problems on the platform.

As the first platform in the country to conduct commercial credit analysis and evaluation of small and medium-sized enterprises in the whole region, the platform has established information sharing, privacy protection and mutual trust mechanisms through the use of blockchain technology, which not only makes corporate information authentic and cannot be tampered with, but also makes financial institutions It is possible to query corporate information in accordance with laws and regulations, which can play a role in solving the financing pain points of three types of small and medium-sized enterprises in manufacturing, foreign trade and technology innovation. Since the platform integrates a large number of intellectual property loan products, it can simplify the application process for corporate loans by 60% for science and technology companies.

o7 Razer's financial branch applied for a digital banking license in Singapore, and its stock price rose by more than 10%

On January 2, Sina Finance News, Razer announced that its financial branch applied for a full digital banking license in Singapore. The stock price soared rapidly in early trading. As of press time, the quotation was 1.41 Hong Kong dollars, an increase of 11.024%. Razer said that its financial technology branch (Razer Fintech) has submitted an application for a full digital banking license issued by the Monetary Authority of Singapore to establish "Razer Youth Bank". According to the guidelines issued by the MAS, it is expected that the MAS will notify Razer Fintech of the result of its application by mid-2020.

It is reported that taking advantage of the company's advantages as a lifestyle brand that is inseparable from the younger generation and millennials, Razer Fintech is planning to establish the world's first Global Youth Bank (that is, Razer Youth Bank, headquartered in Singapore) The fintech sector expands into digital banking services. Currently, Razer Fintech has gathered a consortium of strategic partners who intend to subscribe for the equity of Razer Youth Bank. These strategic partners include Sheng Siong Holdings; FWD; Linksure Global; Insignia Ventures Partners; and Carro. In addition, Razer Fintech also gathered some of the world's leading service providers, product and technology platform partners to provide services to Razer Youth Bank, including Justco, Quantifeed, Saxo Markets, Real Vision, SkyScanner, SoCash, Turnkey Lender, V-Key and Visa.

Razer is a computer gaming technology company. On November 13, 2017, Razer officially landed on the main board of the Hong Kong Stock Exchange and became the first e-sports concept stock in Hong Kong. It is as famous as Zhongan Online, Yixin Group, China Literature, and Ping An Good Doctor. Five Musketeers of the New Economy". At the beginning of its listing, it was oversubscribed by 289 times. It has received investment from well-known investment institutions Temasek, Hong Kong's richest man Li Ka-shing, and Internet giant Intel.

o8 Bloomberg: Ant Financial has applied for a digital bank license in Singapore and will enter the ranks of digital banks in Southeast Asia

On January 2, according to Bloomberg News, Ant Financial has applied for a digital banking license in Singapore. Just over two months ago, Bloomberg reported that Ant Financial may be considering applying for a virtual banking license in Singapore, entering the ranks of digital banks in Southeast Asia, and competing head-on with traditional banking institutions such as DBS Bank and OCBC Bank. At that time, Guan Ant Financial had not disclosed whether it would apply for a retail banking license or a wholesale banking license.

It is understood that MAS expects to issue 5 digital bank licenses in the first batch, including 2 full digital bank licenses and 3 wholesale digital bank licenses. The former provides various financial services such as deposits to retail and non-retail banking customers; the latter provides services to small and medium-sized enterprises and other non-retail banking users.

In addition, on December 20, Reuters reported that Ant Financial had quietly acquired eMonkey, an e-wallet company in Vietnam, according to people familiar with the matter. Ant Financial, which has its own office in Vietnam, invested in eMonkey because the company has already obtained all operating licenses from the State Bank of Vietnam (SBV). In July 2019, Liang Shidong, vice president of Ant Financial, said that Ant Financial had set up an independent team to study the relevant requirements of financial holding companies and actively participated in soliciting opinions. In May of the same year, Ant Financial obtained a virtual banking license in Hong Kong.

According to public reports, in July 2019, after Hong Kong announced and issued a virtual banking license, the Monetary Authority of Singapore (MAS) announced the launch of the same license, allowing companies without banking background to conduct banking business. Singapore is scheduled to announce the winners of five digital banking licenses by mid-2020. The new digital banking license is expected to start operating in phases from mid-2021.

o9 The Muir Glacier upgrade has been activated on the Ethereum mainnet, and the average daily block time has been shortened by nearly 25%

On January 2, the Ethereum mainnet activated the Muir Glacier (Muir Glacier) hard fork upgrade at block height 9.2 million at 16:31 on January 2, 2020, Beijing time, in order to delay the gradual emergence of the Ethereum mainnet. Difficulty bomb, so this upgrade contains only one improvement proposal, EIP-2384. This EIP postponed the difficulty bomb again by 4 million blocks, which is about 600 days. All mainstream Ethereum clients already support this upgrade. Node operators or miners need to use the latest version of the Ethereum client.

According to data reported by Ethereum block explorer Etherscan, from January 1 to January 4, the average daily block time on the blockchain decreased from 17.16 seconds to 12.96. This means a 24.48% reduction in time. Apparently, the reduction in block times has led to an increase in the number of blocks per day and a higher inflation rate for Ether (ETH). On Jan. 1, miners created 4,980 new blocks and 10,237 ETH, according to Etherscan’s Ethereum block count and reward chart. And on Jan. 4, the network’s miners created 6,570 new blocks and 13,437 new ETH. The number of blocks has increased by almost 32%, and the block reward has increased by more than 31%.

The last upgrade of the Ethereum mainnet was on December 8 last year, and the Istanbul upgrade was activated at block height 9069000, which included 6 improvement proposals. In the roadmap of Ethereum 1.X, the next upgrade is code-named "Berlin", and it is planned to be carried out in June this year.

10 The listed market value of Newborn City reaches 3 billion Hong Kong dollars, and Huobi Capital is its cornerstone investor

On December 31, Newborn City Technology officially landed on the main board of the Hong Kong Stock Exchange with the stock code 09911, and Huobi Capital is its cornerstone investor. It is reported that the issue price of Newborn City is HK$1.68, and the net proceeds raised are HK$176 million. The opening market value of Newborn City was as high as 3 billion Hong Kong dollars that day. As of press time, the quotation was HK$3.21, an increase of 91.071% from the issue price.

Previously, during the global sale stage from December 17 to 20, Newborn City Technology recorded a total of 1441.83 times the public subscription. This listing has attracted investment from a number of financial institutions, including Fortune Financial's participation in its Pre-IPO, and public offering funds such as China Asset Management and China Re Group participating in its anchor investment. It is worth noting that Huobi Capital, a subsidiary of blockchain technology Huobi, is its cornerstone investor. Huobi said that Newborn City Technology has built an Internet ecosystem for six years and accumulated 800 million global users, which have become the key factors to attract its participation in the investment.

It is reported that Newborn City started its overseas deployment as early as 2013, creating an APP product matrix for global users and a programmatic advertising platform serving global Internet manufacturers. At present, Newborn City Technology has successfully released more than 70 products and accumulated nearly 800 million global users, covering more than 200 countries and regions around the world. In the first half of 2019, the average daily activity of Chizicheng technology products reached 35 million, and the monthly activity reached 164 million.

11NGC Ventures launches NGC Ventures Fund II with an expected size of US$25 million

On January 3, according to Crypto Briefing, blockchain investment institution NGC Ventures launched NGC Ventures Fund II, the second phase of the "cryptocurrency all-weather investment strategy". The fund focuses on capturing the beta of the market and ensuring stable investment returns through market booms and downturns.

It is reported that the upper limit of the new fund is expected to be US$25 million, and 80% of the subscriptions have been completed. Currently, the investment tools used to execute round-the-clock strategies include tokens, equity and structured products in the primary and secondary markets, fixed income and quantitative trading, arbitrage, mergers and acquisitions, mortgages and mining. Although the current investment tools are very diverse, NGC only focuses on two goals: one is to use various tools including big data, artificial intelligence and artificial data analysis to aggregate and analyze different data sources to understand and predict Macro market cycles, and allocate assets. The second is to create Alpha through direct investment projects such as tokens or equity, to help exit profit after growth.

It is reported that NGC has more than 50 blockchain investments. Its first fund was established in November 2017 and was recognized by PitchBook as one of the top ten blockchain venture capital funds ranked by volume and scale. The second phase of the fund is now launched to ensure investment returns at any stage of the market cycle.

12 Alibaba Dharma Institute announced the top ten technological trends in 2020, large-scale production-level blockchain applications will enter the public

On January 2, Alibaba Dharma Institute announced the top ten technological trends in 2020, including: the evolution of artificial intelligence from perceptual intelligence to cognitive intelligence; the integration of computing and storage to break through the bottleneck of AI computing power; the hyper-convergence of the industrial Internet; large-scale collaboration between machines It becomes possible; modularization lowers the threshold of chip design; large-scale production-level blockchain applications will enter the public; quantum computing enters a critical period; new materials promote the innovation of semiconductor devices; AI technology that protects data privacy will accelerate the implementation; cloud becomes IT technology Center of innovation.

Among them, large-scale production-level blockchain applications will enter the public. Ali Dharma Academy Trend Analysis: Blockchain BaaS services will further reduce the threshold for enterprises to apply blockchain technology, and hardware chips designed specifically for blockchain, such as terminals, clouds, and chains, will emerge as the times require. , realize the anchoring of assets in the physical world and assets on the chain, further expand the boundary of the value Internet, and realize the interconnection of ten thousand chains. In the future, a large number of innovative blockchain application scenarios and cross-industry and cross-ecological multi-dimensional collaboration will emerge, and large-scale production-level blockchain applications with more than 10 million daily users will enter the public.

13 Ethereum research scientist Virgil Griffith to be released on bail, now removed

On December 31, according to Inner City Press, Judge Vernon Broderick of the Southern District of New York made a judgment on Ethereum research scientist Virgil Griffith on December 30. Virgil Griffith has been granted bail at his parents' home in Alabama, Bail is set at $1 million, but the exact time of bail is not yet known.

According to a previous PANews report, last week the U.S. Attorney’s Office denied Virgil Griffith’s bail request on the grounds that he had renounced his U.S. citizenship and opened a money laundering company in North Korea in a text message sent by Virgil Griffith to his parents. But in the appeal on the 30th, Virgil Griffith's attorney, Brian Klein, defended that Virgil Griffith did not actually renounce his citizenship, and his allegations were violations of sanctions rather than money laundering. Brian Klein also mentioned that Virgil Griffith has now been removed from the Ethereum Foundation. In addition, the court also discussed Griffith's flight risk overseas and the issue of controllable capital. In the end, the judge approved Virgil Griffith's parole at his parents' home in Alabama with a bail of $1 million.

Previously, Virgil Griffith was detained on suspicion of violating the International Emergency Economic Powers Act (IEEPA) by traveling to North Korea to attend a cryptocurrency conference organized by the government in Pyongyang. Virgil Griffith has served as the head of special projects at the Ethereum Foundation. PANews found after inquiry that Virgil Griffith has not updated his LinkedIn work status.

14 SHFE and Qingdao Customs plan to launch a blockchain-based futures regulatory information platform

On December 30, according to financial reports, the Shanghai Futures Exchange (hereinafter referred to as the Shanghai Futures Exchange) signed a strategic cooperation agreement with Qingdao Customs. Through the signing of the agreement, the Shanghai Futures Exchange and Qingdao Customs have achieved strategic cooperation to jointly promote the bonded delivery business of natural rubber and crude oil futures and other futures products, and promote the formation of a pilot experience in the construction of the Shandong Free Trade Zone.

In the next step, under the framework of the strategic cooperation agreement, the Shanghai Futures Exchange will cooperate with Qingdao Customs to promote the development and operation of the natural rubber and crude oil futures supervision information platform based on blockchain technology, strengthen education and training and information exchange, and carry out crude oil, natural rubber, pulp Futures and commodity inspection cooperation and exchanges, establish and improve a smooth and convenient contact mechanism, and strengthen pragmatic cooperation at a higher level.

15 The construction of the insurance risk control blockchain platform was officially launched, and 14 insurance companies have announced to join

On December 30, according to the Securities Daily, the construction of the insurance risk control blockchain platform was officially launched at the recently held "Insurance Industry Blockchain Application Technical Standard Formulation Work Launch and "Blockchain Insurance Application White Paper" Release Ceremony" , 14 insurance companies announced to join the alliance chain platform. At the same time, the construction of the "Insurance Industry Blockchain Application Technology Standard" was also launched on the same day, with 109 industry organizations participating, responding and actively supporting the formulation of the standard. This means that the application of blockchain technology in the insurance industry will be accelerated, and the application scenarios will be more abundant. The industry is also looking forward to more landing application results.

At present, there are PICC Property Insurance, Pacific Insurance, Ping An Property Insurance, Continent Property Insurance, China United Property Insurance, Chubb Property Insurance, Mitsui Sumitomo, Starr Property Insurance, AXA Insurance, Sunshine Property Insurance, Huatai Property Insurance, A total of 14 insurance companies, including Yongcheng Property Insurance, Dubang Property Insurance and Huaan Property Insurance, officially announced their participation in the insurance risk control blockchain platform.

The "White Paper" pointed out that the insurance industry is very likely to become one of the industries where the blockchain is first applied on a large scale. Blockchain has huge application scenarios in at least 11 aspects of the insurance industry, including reinsurance, annuity management, insurance risk control, health care, points, digital insurance policies, traceability of agricultural insurance, insurance alternative asset management, digitization of OTC transactions, cross-border Border trade insurance and mutual insurance. According to relevant McKinsey research reports, the insurance industry accounts for 22% of blockchain application scenarios in various industries, ranking first. Boston Consulting Research shows that the deep application of blockchain will reduce the operating costs of global property insurance companies by 5%-13%.

16 Guangzhou Metro issued the first blockchain electronic invoice

Guangzhou Metro issued the first blockchain electronic invoice on January 1, 2020, marking the application of blockchain electronic invoices in Guangzhou's public transportation industry. It is expected to be fully launched on the official APP of Guangzhou Metro before mid-January use.

The integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. The implementation and promotion of blockchain invoices will further facilitate the issuance of invoices when the general public takes the subway.

Guangzhou Metro stated that the invoice function is still being debugged, and it will speed up the function debugging of the system in the future, improve the invoicing function, and strive to enable passengers to issue blockchain electronic invoices through the official APP of Guangzhou Metro by mid-January, bringing passengers A more efficient, better, and smarter travel experience.

According to PANews statistics, a total of 4 projects in the blockchain field were announced last week for financing, with a total amount of more than 5.785 million US dollars (excluding projects that have not disclosed the specific investment and financing amount), involving exchanges, crowdfunding platforms, content and other fields .

o1 Youbi Group received well-known angel investment

On January 4th, according to official news, Youbi.com, a subsidiary of Youbi Group, recently received several million strategic investments from well-known investors for the creation and operation and maintenance of Youbi.com’s physical asset on-chain ecology. Youbi Group is currently launching a cooperation plan for overseas listed companies. Youbi.com YooEx is a global digital asset exchange and an important part of YooEco.

o2 Snow Track Documentary received a strategic investment of 5 million US dollars and established a foundation in Singapore at the same time

On December 31, according to official news, Snow Road Documentation received a strategic investment of US$5 million from the Cayman Offshore Fund. The investor is Four Dimensions Global Strategy Fund (Registration No. 1542752). Xuedao officials stated that this round of financing is to build a digital asset contract market pan-entertainment social documentary platform, which will be used to strengthen the mining capabilities of the data mechanism and improve the product experience after the real offer is launched. At the same time, in order to ensure the smooth operation of the global strategic deployment of snow track documentary, the XueDao Foundation was established on December 31. Development team for support. Xuedao Documentary is a pan-entertainment social trading platform in the field of digital currency. It brings together encryption funds, traders and investors to provide users with real-time market information, news information, firm data, rating rankings, trading strategies, and documentary transactions. And services such as quantitative fund investment and financing.

o3Baanx has raised nearly £600,000 (~$785,000) on equity crowdfunding platform Seedrs

On December 31, the payment and cryptocurrency trading platform Baanx’s financing progress on the equity crowdfunding platform Seedrs was close to 600,000 pounds. It is reported that Baanx plans to sell a 7.1% stake in the company at a pre-tax valuation of 7.85 million pounds. To date, Baanx has raised £567,825 from 276 individual investors. The company previously raised a round of seed funding.

o4 The decentralized live broadcast platform DLive was acquired by Tron and joined the BitTorrent ecosystem, and was once invested by ZhenFund

On December 31, the decentralized live broadcast platform DLive announced that it will join the BitTorrent ecosystem and begin to migrate to the TRON blockchain. According to the official announcement, DLive and the blockchain development team will cooperate with the BitTorrent team to promote their products and services on BitTorrent, and use the storage service on BitTorrent to further realize the "decentralization" of content. Additionally, BitTorrent's streaming platform BLive will merge with DLive into one team. Wilson, the founder of Lino, confirmed to PANews that the joining is an acquisition, but it is not convenient to disclose the specific acquisition amount.

It is reported that DLive was originally built on the Lino blockchain, a decentralized video distribution system. Currently, the foundation of the Lino network, the ACE Protocol Foundation, has announced the establishment of a strategic partnership with the BitTorrent Foundation, which plans to introduce the BitTorrent protocol and BTT tokens into the Lino community. The Lino project completed its first round of financing of US$20 million in early 2018, led by Zhen Fund.