Leading Industrial Development! Vonechain Technology Joins “Trusted Blockchain Initiatives”
Recently, Vonechain Technology officially joins “Trusted Blockchain Initiatives” and becomes the board member unit. Vonechain Technology will promote blockchain core technology research and formulate industrial standard together with other members in the project, such as Ant Group, Huawei, Tencent and etc. in order to lead better development in industry and make contribution for industrial blockchain business.
“Trusted Blockchain Initiatives” is led by Ministry of Industry and Information Technology (MIIT) and initiated by China Academy of Information and Communications Technology (CAICT). The plan aims to promote blockchain basic core technology research and industrial application implementation, speed up upgrading and iteration of trusted blockchain standard, support government policy decision, facilitate positive and healthy development of blockchain industry and improve international influence of blockchain in our country. Currently, “Trusted Blockchain Initiatives” has nearly 500 members unit which consist of top-ranking enterprises in blockchain exploration that come from different industries.
“Trusted Blockchain Initiatives” board member certificate
Blockchain Faces Policy Potential, but Gap Exists in Standard Formulation
Looking back to the national blockchain development process, blockchain has been facing policy potential since year 2019.
According to statistics, nation, ministries and commissions had introduced 21 policies related to blockchain in year 2019, while more than 30 provinces and cities within the whole country announced policy guidance documents and developed blockchain industrial deployment. Data from “Report of Commercial Model Innovation and Investment Opportunities on China Blockchain Industry” shows that, from year 2011 until now, blockchain industry has been maintaining more than 80% of fast growth rate. It is estimated that in year 2022, under the promotion of policy support and downstream requirement, our country’s blockchain industrial scale will retain more than 50% of growth rate in future years.
Under full policy support and rapid industrial deployment, blockchain’s cross-industry, cross-region and cross-level application requirements gain continuously, thus the formulation of blockchain technological development and industrial standard is essential for application requirements.
However, as blockchain platform is affected by factors such as network environment, node quantity, consensus algorithm, business logic and so on, each industry sector lacks unified standard on performance index evaluation of blockchain technology. Hence, this may affect the cross-chain interconnection, scenarios expansion and industrial cooperation of blockchain technology in a certain extent.
According to this, business sector basically chooses to establish or participate in consortium organization in order to facilitate blockchain technological development, formulation of standard and application implementation actively.
Facilitate Better Industrial Development as A Good Leader
Positive cooperation between Vonechain Technology and “Trusted Blockchain Initiatives” will help in resources intercommunication, facilitate application implementation of our country’s blockchain technology in physical industry and promote industrial standard formulation together.
Vonechain Technology has been studying in-depth on blockchain sector for many years, thus the company possess forward-looking strategy and rich implemented scenarios solutions. Since established in year 2016, Vonechain Technology has been actively deployed the implementation of blockchain technology in physical industry via issuing top 5 blockchain smart service products based on dozens of industries such as finance, agriculture, medical, education and etc., namely blockchain traceability platform VoneTracer, blockchain autonomous organizational platform VoneDAO, blockchain cloud credit supply chain finance platform VoneCredit, blockchain commodity coding shopping platform VoneMall and blockchain underlying platform VoneBaaS. Vonechain Technology’s development priorities has always been the implementation of blockchain technology in real scenarios, while striving to provide blockchain technical solutions that can practically solve business pain points for enterprise.
In future, Vonechain Technology will build consensus and collaborate together with other board members in establishing blockchain application system with multi-industry integration and intercommunication, facilitating technical integration between blockchain and physical industry stably in order to implement technology and empower industrial development better.