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Early in the morning of 18 December 2018, he attended the celebration of the 40th anniversary of the reform and with the opening held in the Great Hall of the People.
One of the critical programs observed during the meeting was the distribution of prizes to all those who contributed massively to the reform and the opening of the expert in the course of the year. The award tagged "The 100 pioneers of the reform" has been assigned by the central committee of the party to the best artists in the sector in all parts of the globe.
Chinese BAT (Baidu, Alibaba, Tencent) represent technology and digital space
Representing technology and digital space are the CEOs of companies that trade on the Internet. They include Robin Li, Ma Huateng and Jack Ma.
The emergence of the Internet coincides with the rise of China in the information technology sector. The new era has seen world-class companies like Baidu, Tencent, is Alibaba. The blockchain technologyin particular, it has a different application in the real word with Internet entrepreneurs who take advantage of innovative technology to position themselves at the peak of their businesses.
Jack Ma and Alibaba in Blockchain
Speaking at the second World Intelligence Conference held at the start of this year, Jack Ma – the founder of Alibaba has declared his honest opinion on blockchain technology. He revealed it the retail company had had a thorough study of blockchain technology for many years.
On 19 August, at the "Forum of the Club of Chinese entrepreneurs", Mr. Ma reiterated that blockchain technology is a key technology to accelerate the future development of the world. He also explained his belief that disruptive technology is not just for the financial sector, but also for Bitcoin.
Further discussing, the founder of Alibaba expressed his conviction blockchain technology would change the financial system over the next 20 or 30 years. Furthermore, he affirmed his belief that blockchain technology can also be used in other industries as it possesses critical features such as trust, credit and security data that are of utmost importance to the social credit system.
It is imperative to reiterate that it was not the first time that Ma Yun expressed his opinion on the blockchain. Recall that in early 2016 Alibaba had used blockchain technology in Alipay's love donation platform.
Alibaba's blockchain projects
As a result, Alibaba's exploration of blockchain technology has taken giant strides in recent months. Recently, in August 2018, the number of patents in Alibaba's blockchain peaked in an incredible 90-degree ranking. Its application of blockchain covers many fields, such as public welfare, traceability, cross-border payments, supply chain financing, certificate of deposit and copyright of digital content.
The year 2018 marked the rupture of Alibaba's blockchain demand and focused on marginal and non-core activities such as traceability and charity.
Ant Financial launched the C2C blockchain in Hong Kong around July 2018 and since then has provided technical support for the Judicial Blockchain of Hangzhou Internet Court. In addition, Alipay has launched the mutual treasure that has achieved important results.
One of the indications that Alibaba has a real intention to promote blockchain is the creation of a cross-border supply ecosystem and the application of the blockchain to explore the B2B business.
Baidu and Robin Li in Blockchain
Baidu's CEO, Robin Li, also known as Li Yanhong, spoke extensively about the blockchain stating that although the technology is very revolutionary, it remains in the early stages.
The leading communication app in China set up the blockchain team from 2015 to explore blockchain technology. For example, Baidu invested in Circle, a global chain technology payments firm in the United States around June 2016.
Furthermore, the company has made significant efforts in the blockchain sector in 2018:
- In February of this year the little game "Leitz Dog" was launched;
- On April 11 Baidu officially launched the service platform of original images "Totems" of chains of blocks;
- On May 28th, Baidu Encyclopedia launched the chain through a timestamp and a hash algorithm.
There are many other series of events that show Baidu's interest in blockchain-based technology. Some important mentions include the launch of Baidu's pioneering blockchain native application on June 6th. Another important achievement is the Baidu investment of 50 million for the establishment of network technology for grading chains (Hainan) Co., Ltd.
Robin Li reiterated that the blockchain is still at an early stage of development, although it is indeed possible to change the Internet as a fundamental underlying innovation.
The founder of Baidu revealed that the company, which possesses essential technological skills, would freely attribute importance to the blockchain as a basic technological innovation. He also stressed that blockchain is unquestionably another key weight to alter the current situation of Baidu.
Ma Huateng, Tencent and WeChat in Blockchain
During the session, Ma Huateng also discussed the effects of blockchain technology on technological change in the new store. He declared his support for blockchain but admitted he had little doubt about the genuineness of ICO.
But Huateng took the opportunity to remind the audience of Tencent's QQ, Wechat and various online games that incorporate blockchain technology. He pointed to the attention of Tencent on commercial electronic invoices and blockchain, with 2G, 2B and 2C invoices.
Tencent projects and plans Blockchain
Tencent's immersion in the blockchain can be traced back to 2016. Self-research on the blockchain's background technology began during that period; The financial cooperation alliance blockchain was established later. In addition, the BaaS service was developed, and an interbank lending platform based on blockchain technology was launched.
After a specific period of research and development, Tencent completed the overall accumulation of the underlying technology in 2017 and also published the "White Paper Scheme Block Block".
In September of the same year, the first batch passed the "Trusted Block Detection Standard" of the Chinese Communications and Communications Institute.
Furthermore, TBaaS, a financial solution, was officially released in November. Therefore, it has basically completed the entire construction of the Tencent Block chain ecological platform, which can penetrate the commercial application stage at any time.
Since the first year of application of the blockchain in 2018, Tencent's direction to build blockchain ecology has remained technically unaffected; B supply chain finance and C.'s game In April, Tencent released his first AR tour "Catching Demons Together". In August, the collaboration between Tencent and Shenzhen Tax Bureau of the State in the first "blockchain invoice" produced positive results.
So far, 2G, 2B and 2C applications have become Tencent's main driving force with 2G as an electronic invoice blockchain, which is set up as the most popular Tencent landing application direction in the second half of the year.
Conversely, 2B remains the pioneer product; "Chain of micro-enterprises" developed and applied in the financial scenario of the supply chain through the integration of Legend, a strategic partner.
Furthermore, the 2C application serves as Tencent's internal development called "capturing demons together". The game is Tencent's first hands-free tour using AR technology and blockchain.
It is significant to state that the Shenzhen Tax Office of the State Tax Administration has been linked to the Wechat payment platform and that December has inaugurated the function of "Wechat Payment Block Electronic Invoice". Development improves the integration of blockchain application in people's lives.
