#Shanghai Blockchain Industry "Lonely"#
Hot Topic Overview
Overview
The current state of blockchain industry development in Shanghai is not optimistic. Despite being listed as a priority development technology, its development is relatively "lonely" compared to that of foreign countries. 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 $4 trillion, while domestic blockchain industry applications are too single, rigid in thinking, and fragile in their ecosystem, which is disconnected from Shanghai's mission to build "five centers". She suggests introducing a multi-pronged approach to promote development, build a sustainable development model, create a diversified industry ecosystem, and actively explore Real-World Assets (RWA), breaking through the single-mode of alliance chains, and leveraging its financial attributes and capabilities.
Ace Hot Topic Analysis
Analysis
Shanghai Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) member Wang Yi pointed out that although blockchain technology is listed as a core technology in major country competition, the total market value of foreign cryptocurrencies has approached $4 trillion, but domestic blockchain industry development is relatively "lonely", with applications being too single and involute, thinking being too limited and rigid, and the ecosystem being too thin and fragile. She suggested introducing multi-pronged measures to promote the development of the industry, build a sustainable development model, and create a diversified industry ecosystem. Wang Yi also suggested introducing advanced concepts and models from home and abroad, seizing opportunities to actively explore and promote RWA, and setting up supporting mechanisms such as operational "special zones" and digital sandboxes to break through the single mode of alliance chains, combine the characteristics of public chains, and give play to financial attributes and capabilities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Domestic blockchain industry development is relatively lagging behind, compared with foreign countries, it is more "lonely", domestic blockchain applications are too single and involute, thinking is too limited and rigid, ecology is too thin and fragile
It should learn from advanced concepts and models abroad, actively explore and promote RWA (Real-World Assets)
It should break through the single model of alliance chains, combine the characteristics of public chains, and give play to its financial attributes and capabilities