#China's Blockchain Industry Faces "Loneliness"#

60
2
Posts
Hot Topic Details

Hot Topic Overview

Overview

China's blockchain industry is currently relatively "lonely" and lags behind its international counterparts. Wang Yi, a member of the Shanghai Municipal Committee of the Chinese People's Political Consultative Conference, pointed out that the total market capitalization of foreign cryptocurrencies has approached $4 trillion, while the application of blockchain in China is too single, thinking is limited, the ecosystem is fragile, and there is a lack of breakthroughs. She suggested introducing multi-pronged measures to promote the development of a sustainable development model and cultivate a diversified industry ecosystem, such as introducing advanced concepts and models from both domestic and international sources, exploring the promotion of RWA, establishing mechanisms such as operating "special economic zones" and digital sandboxes, breaking through the single model of consortium chains, and leveraging financial attributes and capabilities.

Ace Hot Topic Analysis

小 A

Analysis

China's blockchain industry is currently in a relatively "lonely" state, in stark contrast to the booming cryptocurrency market abroad. Wang Yi, a member of the Shanghai Municipal Committee of the Chinese People's Political Consultative Conference, pointed out that the total market capitalization of cryptocurrencies abroad has approached US$4 trillion, while the development of China's blockchain industry is relatively lagging behind, with applications being too single and inward-looking, thinking being too limited and rigid, and the ecosystem being too thin and fragile. She suggests introducing multi-pronged measures to promote sustainable development and create a diversified industry ecosystem. Specific measures include introducing advanced concepts and models from both home and abroad, actively exploring the promotion of RWA (real-world assets), supporting the establishment of operating "special zones" and digital sandboxes, breaking through the single model of alliance chains, combining the characteristics of public chains, and leveraging financial attributes and capabilities. Wang Yi believes that China's blockchain industry needs to seize opportunities, actively explore, and strive to occupy a place in global competition.

Related Currencies

Public Sentiment

50%
50%

Discussion Word Cloud

Classic Views

Domestic blockchain industry development is relatively lagging behind, compared to foreign countries, it is relatively "lonely", domestic blockchain applications are too single and involute, thinking is too limited and rigid, the ecosystem is too thin and fragile

1

Should actively explore and promote RWA (Real-World Assets), break through the single mode of alliance chains, combine the characteristics of public chains, and play the financial attributes and capabilities

2

It is recommended to introduce multiple measures to promote the development of the industry, build a sustainable development model, and create a diversified industry ecosystem

3