This report is jointly produced by Preorder Observation and Cointelegraph Chinese.
This week, the National Development and Reform Commission publicly solicited opinions on revising the "Guiding Catalog for Industrial Structural Adjustment (2019 Version)". In order to promote the implementation of relevant work arrangements for rectifying virtual currency "mining" activities as soon as possible, it is recommended that the entry "virtual currency 'mining' activities" be included in the current "Catalogue (2019 Edition)" in the form of a supplement, and "National Development and Reform Commission Released in the form of the Decision on Amendments. After soliciting the opinions of the Operation Bureau of the National Development and Reform Commission, according to the requirements of the document No. 1283 [2021] of the National Development and Reform Commission, the name of the entry is "Virtual Currency 'Mining' Activities", which is included in the "Catalogue" elimination category, and it will be eliminated immediately on the date of implementation of the document.
On September 3, with the approval of the State Council, the National Development and Reform Commission and 11 departments including the Central Propaganda Department jointly issued the "Notice on Rectifying Virtual Currency "Mining" Activities" (Fa Gai Yun [2021] No. 1283), and the relevant documents all proposed to " "Virtual currency 'mining' activities" were supplemented and included in the "elimination category" of the "Industrial Structure Adjustment Guidance Catalogue (2019 Edition)", providing a policy basis for the supplementation of the "Catalogue".
The main consideration for the addition of the "Catalogue" is that the virtual currency "mining" activity refers to the process of calculating and producing virtual currency through special "mining machines", which consumes a lot of energy and carbon emissions, and has a low contribution to the national economy. Progress and other driving effects are limited, and the risks derived from virtual currency production and trading links are becoming more and more prominent. Its blind and disorderly development will have an adverse impact on promoting high-quality economic and social development and energy conservation and emission reduction. Rectifying virtual currency "mining" activities is of great significance to promote the optimization of my country's industrial structure, promote energy conservation and emission reduction, and achieve carbon peak and carbon neutral goals as scheduled.
This week, at present, including Tencent Magic Core and AntChain Fanzi, the word NFT has been completely deleted and changed to "digital collection". Regarding this news, Tencent Magic Core responded that it has been committed to implementing the digital collection business under the compliance framework. The digital collection business on the Magic Core platform adopts the real name of the whole process of the user and the full link review of the content, and is not open. The transfer of digital products between users, and resolutely resist illegal activities related to virtual currency. The business logic of Magic Core digital collections is completely different from the internal logic and extension of overseas unregulated NFT business. Therefore, this renaming is also to express to the public the high standards and strict requirements of business compliance, and that Magic Core will work together Zhixin Chain will continue to empower digital cultural creation and digital art, actively explore the new ecology of the digital economy, and launch more digital collections that everyone loves to see.
This week, the "Kunyi Chain" blockchain service platform promoted by the Kunming Municipal Administration Service Administration has become the first public resource blockchain trading platform in China, providing technical support for creating a transparent business environment . As one of the first batch of pilot cities for electronic trading of public resources in the country, Kunming adheres to the spirit of pioneering and bold innovation, keenly captures the development opportunities brought by blockchain technology to Kunming, and actively develops the application of "blockchain + public resources" "Kunyi Chain" was developed and applied, and it will be put into use in 2020, becoming the first city in China to use blockchain technology in the whole process of public resource transactions. Kunming's public resource trading blockchain platform "Kunyi Chain" won the "Top Ten Cases" of the "2020 China Industrial Blockchain Innovation Award". "Kunyi Chain" breaks through traditional solutions, establishes modules such as blockchain supervision, blockchain services, and blockchain electronic evidence, and builds a blockchain support layer as the bottom layer of the entire system architecture to realize alliance chain management, node management, The core functions of blockchain such as channel management, consensus mechanism, smart contract, and cross-regional interconnection can effectively promote the deposit and inspection of business data, subject database data, performance database data and credit database data. The launch of the "Kunyi Chain" is an upgrade and re-innovation of the supervision and supervision of public resource transactions in Kunming, and is of great significance for the construction of a sunny, open and transparent public resource transaction environment.
On October 17th, the Fujian Provincial People's Government recently issued "Several Opinions on Supporting Fuzhou in Implementing the Strategy of Strengthening the Provincial Capital", which pointed out that during the "14th Five-Year Plan" period, it will actively strive for the digital RMB pilot to land in Fuzhou and support Fuzhou's development of digital industrial parks. Form more than two digital economy industrial clusters with a scale exceeding 100 billion.
On October 18th, the Southern Provincial Department of Commerce recently released the "14th Five-Year" Trade Development Plan of Hainan Province (Draft for Solicitation of Comments), which pointed out that by 2025, the vigorous development of new trade formats and new models will be achieved, bonded maintenance, financial leasing, New formats and models of goods trade with Hainan characteristics, such as new offshore international trade, processing and value-added domestic sales, cross-border e-commerce, and foreign trade comprehensive service platforms, have developed rapidly. Accelerate the development of emerging service trades such as computers, insurance and finance, cultural entertainment, and the use of intellectual property rights, and vigorously promote the development of digital trade related to the Internet of Things, artificial intelligence, and blockchain.
On October 19, recently, 24 departments including the Ministry of Commerce issued the "14th Five-Year Plan for the Development of Trade in Services", which proposed to actively participate in the formulation of international rules in key areas. Deepen communication and exchanges with international organizations such as customs, railways, civil aviation, and the Postal Union, and increase integration with international rules in the fields of transportation, postal express delivery, etc. Participate in the formulation of international standards and rules in the financial field, and strengthen international exchanges in areas such as digital currency, distributed ledger technology financial applications, and personal financial information protection. Strengthen exploration and cooperation in promoting cross-border data flow, improving digital intellectual property protection and personal privacy protection, establishing a dispute resolution mechanism, strengthening network data security protection, and responding to digital trade barriers, etc., actively participate in digital governance, data security, digital currency, etc. International rule and standard setting. Actively participate in the consultation and formulation of relevant multilateral rules on intellectual property rights, and improve the ability to protect intellectual property rights.
On October 20th, the General Office of the People's Bank of China, the Secretariat of the Central Network Security and Informatization Commission Office, the General Office of the Ministry of Industry and Information Technology, the General Office of the China Banking and Insurance Regulatory Commission, and the General Office of the China Securities Regulatory Commission issued the "About Opinions on Regulating the Application and Development of Open Source Technology in the Financial Industry", the "Opinions" require financial institutions to follow the principles of "safety and controllability, compliant use, problem orientation, and open innovation" when using open source technologies. The "Opinions" encourage open source technology providers to accelerate the improvement of technological innovation capabilities, earnestly grasp the core codes of open source technologies, form independent intellectual property rights, and consolidate industrial support capabilities. When providing commercial software or services based on open source technology, follow the open source license agreement and relevant laws and regulations, clarify the scope of use of open source technology and the rights and obligations of use, and protect the legitimate rights and interests of users. Explore an independent open source ecology, focusing on the basic software fields such as operating systems, databases, and middleware, and emerging technology fields such as cloud computing, big data, artificial intelligence, and blockchain to accelerate ecological construction, and use the open source model to accelerate the innovation and development of information technology.
On October 20th, the Central Committee of the Communist Party of China and the State Council issued the "Planning Outline for the Construction of the Chengdu-Chongqing Economic Circle", and issued a notice requiring all regions and departments to implement it conscientiously in light of their actual conditions. The content includes working together to create a new highland for the digital industry. Focus on integrated circuits, new displays, smart terminals and other fields, create a cluster of "cloud-connected digital computing" elements and a whole industrial chain of "core screen devices and nuclear networks", and cultivate ultra-high-definition video, artificial intelligence, blockchain, digital cultural creation, etc. Innovate applications and jointly build an electronic information industry cluster with international competitiveness.
On October 20th, the Shenzhen Information Service Industry Blockchain Association organized a "Blockchain Crime Prevention and Blockchain Compliance and Rights Protection Seminar" on October 14, 2021, and officially announced the establishment of the Shenzhen Chain Association. The legal special committee aims to promote blockchain legislation, assist the government in industry governance, provide necessary legal services for the compliance of blockchain industry companies and the public who suffer from blockchain fraud, and jointly promote the health and order of the blockchain industry develop.
On October 21st, the National Development and Reform Commission publicly solicited opinions on the revision of the "Industrial Structure Adjustment Guidance Catalog (2019 Version)". In order to promote the implementation of relevant work arrangements for rectifying virtual currency "mining" activities as soon as possible, it is recommended that the entry "virtual currency 'mining' activities" be included in the current "Catalogue (2019 Edition)" in the form of a supplement, and "National Development and Reform Commission Released in the form of the Decision on Amendments. The main consideration for the addition of the "Catalogue" is that the virtual currency "mining" activity refers to the process of calculating and producing virtual currency through special "mining machines", which consumes a lot of energy and carbon emissions, and has a low contribution to the national economy. Progress and other driving effects are limited, and the risks derived from virtual currency production and trading links are becoming more and more prominent. Its blind and disorderly development will have an adverse impact on promoting high-quality economic and social development and energy conservation and emission reduction. Rectifying virtual currency "mining" activities is of great significance to promote the optimization of my country's industrial structure, promote energy conservation and emission reduction, and achieve carbon peak and carbon neutral goals as scheduled.
On October 21st, the Jilin Provincial Department of Human Resources and Social Security issued the "Jilin Provincial New Occupation (New Format) Professional Title Review Implementation Opinions (Trial)", which includes the basic standard conditions for the evaluation of professional technical qualifications for blockchain in new formats, applicable to Engineering and technical personnel engaged in blockchain architecture design, underlying technology, system application, system testing, system deployment, and operation and maintenance in Jilin Province. : Assistant Engineer, Engineer, Senior Engineer and Senior Engineer.
On October 23rd, three departments including the Ministry of Industry and Information Technology, the Ministry of Civil Affairs, and the National Health Commission recently jointly issued the "Action Plan for the Development of the Smart, Healthy and Elderly Care Industry (2021-2025)". Integrated innovation and integrated application of next-generation information technology in the field of health and elderly care, and promote the integrated application of new-generation information technology such as blockchain and smart devices such as mobile terminals, wearable devices, and service robots in home, community, and institutional elderly care scenarios , using blockchain and other technologies in the "time bank" to empower mutual care for the elderly, and innovate mutual support for the elderly, such as the younger elderly serving the older elderly, and partner companionship.
News on October 18, according to a brief statement issued by the Bank of Japan, it will test the basic functions of CBDC, which include issuance, distribution and redemption. Six months ago, the Bank of Japan published a CBDC document. The document highlights three phases of testing, which include two phases of proof-of-concept and a pilot program. The Bank of Japan previously revealed that the first phase of the CBDC trial will last for a year until March 2022. However, the central bank has not yet decided whether to issue a CBDC.
On October 23, according to a statement from the U.S. Department of the Treasury, the finance ministers of the G7 countries have reached a consensus position on 13 public policy principles for central bank digital currency (CBDC), a move that may pave the way for greater adoption of CBDC by major economies around the world. Pave the way. It is reported that the G7 submitted a draft document on the central bank’s digital currency guidelines on October 11, emphasizing transparency and privacy protection.
News on October 24, Nigerian President Muhammadu Buhari plans to officially launch the Nigerian Central Bank Digital Currency (CBDC) at the Abuja State Parliament House on Monday, October 25, 2021. eNaira. The Central Bank of Nigeria (CBN) stated: eNaira is designed to complement rather than replace physical Naira, which will make financial transactions easier and seamless for all segments of society. At the same time, eNaira also has a digital wallet, eNaira Wallet, approved by the Central Bank of Nigeria. Users can link it with their bank accounts or pay as they go through prepaid options.
On October 17th, Dalian High-tech Zone has successfully realized the city’s first financial subsidy fund business issued in the form of digital renminbi. In addition, high-tech zone organizations, institutions, and state-owned enterprise staff have widely opened digital renminbi personal wallets. Up to 92.46%. At present, the work of digital renminbi "entering institutions" is being promoted, and internal consumption application scenarios such as payment of party dues, trade union funds, and delivery services are gradually established. The next step will focus on digital renminbi "entering enterprises, shopping malls, communities, campuses, and rural areas. "Special action.
On October 18th, the 2021 Global Industrial Internet Conference was held in Shenyang. At the opening ceremony, the Shenyang Municipal People's Government, the China Academy of Information and Communications Technology, the Communications Administration of Liaoning Province, and the Liaoning Provincial Department of Industry and Information Technology signed the "Spark Chain Network" (Shenyang) super node cooperation agreement, marking the "Spark Chain Network" Net" super node officially settled in Shenyang. As a new fusion infrastructure of the national blockchain and the industrial Internet, "Spark Chain Network" takes the industrial Internet as the main scenario, takes the identification as an important digital resource as the basis, and takes the blockchain technology as the independent innovation, and will integrate with the chip Converged infrastructure developed in combination with technology and artificial intelligence.
On October 18th, the second meeting of the Shenzhen-Singapore Smart City Cooperation Joint Executive Committee was held in Shenzhen and Singapore via video conference. At the meeting, Shenzhen and Singapore signed 4 cooperation projects, including electronic invoicing, 5G, IoT and blockchain joint innovation, intelligent robot and smart agriculture cooperation, digital twin joint innovation and other fields.
On October 18th, Tmall launched the "Tmall Double 11 First Metaverse Art Exhibition", and you can enter it by searching for "Metaverse Art Exhibition" in the search box of Taobao App. According to the page, participating brands include Alienware, Burberry, Xiaopeng Motors, Wuliangye, etc.
News on October 18th, JD.com’s Double 11 will be fully launched on October 20th. This year’s JD.com’s Double 11, search for “digital renminbi” on the JD.com app, and you will have the opportunity to receive digital renminbi red envelopes and coupons, and order more discounts. For orders completed using digital renminbi and JD.com payment transactions, each order can participate in the "Order Public Welfare", free exchange of public welfare materials and donations by JD.com to designated public welfare projects.
On October 18th, Shanghai's Lingang 7 and Lingang 7 Line B, which all use hydrogen energy buses, were officially put into operation on October 17. The car provides digital renminbi payment scenarios, and the digital wallet can be used to scan the code to ride the car or scan the face to ride the car.
News on October 19th, Chinese Online has always been committed to maintaining intellectual property protection, and is at the forefront of rights protection. In 2018, it sued a company for allegedly infringing on Chinese Online’s work information network dissemination rights. The breakthrough area of use Evidence preservation by blockchain storage technology revolutionized the use of electronic evidence in civil litigation. This case also became the first time that the Beijing District Court recognized electronic evidence for blockchain storage. It is the first domestic case directly recognized by the court. The company is actively researching the combination with blockchain for intellectual property protection.
News, October 20th, JD.com this year's "JD Discovery-Jingdong Global Technology Explorer Conference" (JDD) will be held on November 22, 2021. In this JDD conference, JD.com launched the NFT commemorative certificate based on JD Zhizhen Chain. Users can get a free NFT commemorative certificate with the JD JOY badge when they sign up. A set of 7 NFTs for this JDD conference, each with a different JOY image to identify different forums of the JDD conference. Users can get 1 NFT when they sign up to participate in the conference. Every time they successfully invite 1 person to sign up, they can add 1 NFT certificate. Each person can get up to 7 NFTs (styles) to form a set. NFT certificates for the 2021 JDD conference will stop being issued after 23:59:59 on November 22, 2021. Soon users will be able to confirm and transfer rights through the public key and private key.
On October 21, the 5th China Blockchain Development Competition Eastern Division Regional Competition with the theme of "Standard-led, Innovation-driven" was held in the Shibei High-tech Business Center. Participants from ten provinces and cities including Shanghai, Jiangsu, and Fujian Teams compete. The regional competition in the Eastern Division is sponsored by the China Institute of Electronic Technology Standardization and undertaken by the Management Committee of Shanghai Shibei High-tech Service Industry Park. According to the organizer of this China Blockchain Development Competition, the main purpose of holding the competition is to promote the innovation and development of China's blockchain technology and industry, promote the research and development of key technologies, enhance the original innovation ability, deepen the application of industrial integration, and explore new models of digital economy . In this regional competition, 6 teams finally won, and these 6 teams were qualified to participate in the finals of this China Blockchain Development Competition.
News on October 22, recently, the Political Bureau of the CPC Central Committee conducted the 34th collective study on promoting the healthy development of my country's digital economy. The meeting emphasized that the digital economy is developing at a fast pace, with a wide range of radiation and an unprecedented degree of influence. The meeting proposed that we should give full play to the advantages of massive data and rich application scenarios, promote the deep integration of digital technology and the real economy, empower the transformation and upgrading of traditional industries, give birth to new industries, new formats and new models, and continue to strengthen, optimize and expand my country's digital economy. The digital renminbi pilot is steadily advancing. Earlier, the central bank released the "White Paper on the R&D Progress of China's Digital Renminbi" for the first time to announce the progress of digital renminbi research and development domestically and globally, further demonstrating the determination to promote DCEP.
Starting from October 22, Shenzhen will issue digital RMB consumption red envelopes to all citizens in Shenzhen, benefiting the five major cultural consumption scenarios of buying books, watching movies, watching performances, watching exhibitions, and visiting. .
News on October 22, to celebrate the 1024 Programmers’ Day, Tencent’s NFT platform Magic Core and Tencent Classroom jointly released the Bafu series NFT. It is reported that this event will issue 5 types of NFT, 500 of each type, a total of 2,500. The storage of this series of NFTs is all based on the Zhixin chain, and all are sold in the form of drawing. According to Magic Core, users who draw Jinba Talisman can redeem limited edition NFTs, and users who collect all 5 ordinary NFTs can get customized T-shirts.
On October 23, the Beijing City Sub-center launched the construction of the "Beijing Legal Digital Currency Pilot Zone". The pilot zone will focus on accelerating the construction of 5G networks in the zone and improving the mobile payment infrastructure; Build a new digital financial system; give full play to the advantages of the pilot zone's pilot policy, continue to deepen the digital renminbi pilot, accelerate technology research and development, application innovation, and market promotion, lay a solid foundation for digital finance, and help the real economy develop efficiently and with high quality.
On October 23, 2021, it was co-sponsored by the Management Committee of Yantai High-tech Industrial Development Zone and Shandong Business and Technology College, co-organized by Yantai University Student Pioneer Park Service Center and Shenchuang Digital Chain Technology Co., Ltd., Shenchuang College and Yantai High-tech Venture Investment Co., Ltd. The "2021 World Blockchain Technology and Application Summit Forum" co-organized by the company was successfully held as a sub-forum of the 2021 World Industrial Design Conference (WIDC) in Yantai International Convention and Exhibition Center, Shandong. A number of high-tech companies were invited to participate in the exhibition. Concentrated display of application results. In addition, industry leaders and deep industry investors gathered together to take advantage of Yantai's industrial resources and blockchain technology advantages, accelerate the development of technological innovation in the digital economy, and empower the digital new economy industry innovation of the World Industrial Design Conference. During the forum, the launching ceremony of the Yantai Blockchain Industry Research Institute was held. In the future, the Institute will be committed to blockchain key technology and product research and development, industry cultivation, talent training, improve blockchain innovation and transformation capabilities, and promote key areas of application.
On October 24th, at the 2021 Global Wealth Management Forum, the Beijing City Sub-center "Beijing Legal Digital Currency Pilot Zone" was officially unveiled. It is reported that with the strong support of the People's Bank of China and the Beijing Local Financial Supervision and Administration Bureau, the six state-owned banks of Industry, Agriculture, China, Construction, Communications, and Postal Savings Bank are actively carrying out the pilot application of the "Beijing Legal Digital Currency Pilot Zone" in the Beijing City Sub-center. and construction and promotion work. At present, multi-dimensional digital RMB application scenarios such as shopping and consumption, leisure and entertainment, tourism, catering and accommodation, and business services have been created in key areas such as Beijing Universal Resort, Canal Business District, Wanda Plaza, and Donglang Cultural and Creative Park. Digital renminbi payment function, while innovating digital renminbi payment and exchange methods, promoting smart wearable payment devices, accelerating the deployment of digital renminbi exchange machines, and realizing the convenience of exchanging domestic and foreign currencies with digital renminbi.
On October 24th, Shang Fulin, director of the Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference, said at the 3rd Shanghai Bund Summit that the integrated development of financial technology and digital technology is a measure to implement the structural reform of the financial supply side. Utilizing the characteristics of blockchain, which is easy to trace and difficult to tamper with, can help small, medium and micro enterprises solve some problems, and some information platform construction for this has also made progress.
On October 24th, under the guidance of the Science and Technology Innovation Bureau of the State-owned Assets Supervision and Administration Commission of the State Council and the support of the China Industry-University-Research Cooperation Promotion Association, the central enterprise blockchain cooperation innovation platform jointly initiated by more than 20 central enterprises ushered in the first anniversary of its establishment. In the past year, the central enterprise blockchain cooperation innovation platform has applied for more than 1,200 blockchain core patents in total in terms of scientific and technological innovation, such as State Grid and China Electronics, and the State Grid has established the world's first "blockchain + carbon trading" international standard . In terms of infrastructure construction, State Grid has built the "State Grid Chain", China Telecom has built the "CT-Chain", China Unicom has built the "Unicom Chain", China Mobile has built the "CMBaaS", and China Baowu has built the "Ouye Chain". ”, China CRRC built the “China Enterprise Cloud Chain”. In terms of scenario applications, State Grid, Aerospace Science and Industry Corporation, China COSCO Shipping, China Merchants Group, China Resources Group, and China Communications Corporation are respectively involved in green power trading, vaccine traceability, import delivery, cross-border trade logistics, points rights, smart transportation, etc. The scene realizes the application landing.
From October 23rd to 27th, the International Metaverse Digital Art Festival, co-sponsored by APENFT, was held at the Yunjian Art Museum in Shanghai World Financial Center. With the theme of "NFT·Space·Reconstruction", this art festival consists of two parts: a forum and an NFT digital art exhibition. On October 23, Sydney, the artistic director of the APENFT Foundation, and two other guests had a roundtable discussion on the theme of "Looking forward to NFT and Creator Economy". At the roundtable forum, Sydney said that the APENFT Foundation will establish a $100 million creator support plan, aiming to complete the support plan for the NFT ecological market through technology, resources, and markets. All creators around the world are welcome to submit their works. On the other hand, the APENFT Foundation hopes to lead more people into the NFT circle, expand the ecological dimension, and help the entire NFT ecosystem develop better.
From October 23rd to 24th, the "Changsha·China 1024 Programmer's Festival", an annual event for programmers and developers hosted by the Hunan Provincial Party Committee's Internet Information Office and the Management Committee of Hunan Xiangjiang New Area, and undertaken by CSDN, was held in Changsha, led by five academicians 18 themed forums with unprecedented enthusiasm. As a leading enterprise in blockchain core technology, Xunlei was invited to participate in the 1024 Programmers' Festival to share Xunlei Chain's regulated privacy protection technology, which aroused great attention from all walks of life at the conference.
News on October 24, there is news that the regulatory authorities have strengthened the supervision of the NFT platform of Internet companies. At present, including Tencent Magic Core and AntChain Fanzi, the word NFT has been completely deleted and changed to "digital collection". Today, an insider of Tencent Magic Core told reporters: "The NFT of Magic Core has been renamed as a digital collection for a while, and it has nothing to do with supervision. The Chinese standard name of NFT is non-homogeneous tokens. In actual business, we need to cooperate with each partner. The explanation is compliant, and the name change is more convenient for business development." The person further said, "Whether the essence of the thing complies with regulations is our own judgment. It is not a problem to change the name, and the supervision will not let us change it. name".
On October 24th, the website of the Beijing Municipal People's Government issued an announcement on the procurement requirements of the Beijing Blockchain Advanced Computing Power Experimental Platform Project. The purchaser of the platform is the Beijing Municipal Bureau of Economy and Information Technology. The computing power experiment platform provides blockchain support platforms and common applications for government services and social services, provides unified blockchain service support capabilities for large-scale blockchain application scenarios, and promotes the interconnection of blockchain infrastructure across the city Interoperability, forming a blockchain industry ecology with leading technology platforms and rich application scenarios, creating a cluster effect of blockchain demonstrations in Beijing, and serving the construction of Beijing's digital economy. It is reported that the blockchain advanced computing power experimental platform needs to achieve the peak transaction per second (TPS) of the blockchain single chain not less than 120,000 transactions per second, 7 x 24 hours a week, uninterrupted, stable and reliable operation, and high availability. Not less than 99.99%, supporting the operation and management of at least 1,000 dedicated blockchain servers, including at least 1,000 blockchain computing nodes, including at least 48,000 physical core CPUs, 384,000GB physical memory, and at least 4,320TB storage capacity, regardless of Virtualization super-resolution, at least 96000VCPU capacity, internal access network at least 50GB.
October 18th, October 18th, Facebook announced that it will create 10,000 new jobs across the European Union in the next five years to help build the Metaverse. Facebook stated that the key features of the Metaverse are openness and interoperability, which requires coordination and cooperation among companies, developers, creators, and policy makers. For Facebook, it also requires continuous investment in products and technical talents to promote The whole business grows. The reason for choosing Europe is its huge consumer market, top-notch universities and top-notch talents, as well as Europe's important role in shaping the new rules of the Internet.
On October 18th, Nicola Menndelsoh, vice president of Facebook's global business, said at the IAB UK Digital Upfronts conference that creators, e-commerce and the Metaverse as a next-generation computing platform will be the core of the company's future vision. She said that since the dawn of modern computing in the 1950s, a new computing platform has emerged about every 15 years or so. The last time was when the iPhone was released in 2007, so it is inevitable that a new large-scale computing platform will appear in the next few years. She mentioned that creators and e-commerce will become an important part of the metaverse, and she also urges brands to join in as soon as possible to explore related opportunities. She believes that brands will play an important role in it, and the best way to join the metaverse is Try and experiment with related techniques.
A consortium of institutions led by the European settlement system Euroclear has successfully experimented with a central bank digital currency (CBDC) for the settlement of French national debt on a test blockchain. The experiment was commissioned by the Banque de France, including Agence France Trade, BNP Paribas, Crédit Agricole, HSBC, Société Générale. IBM provided Euroclear with design expertise and all platform capabilities, including advanced privacy-preserving tokens and hybrid cloud capabilities. The purpose of the experiment is to evaluate whether a wide range of operations and functions can be run on the blockchain platform and to determine the added value of blockchain technology from the user's point of view. The scope of the pilot program is extensive, covering many core securities settlement businesses such as securities issuance, primary market and secondary market transactions, repurchase, interest payment and other liquidity optimization mechanisms. The experiments also showed that blockchain platforms can coexist and interoperate with existing market infrastructures.
On October 19th, Sotheby's Metaverse, a selected NFT platform launched by auction house Sotheby's, tweeted that it will distribute an avatar work designed by encrypted artist Pak to every platform user. However, this work is not an NFT project for sales purposes, but a new community access and identity system, and detailed rules will be announced in the future.
On October 19, KBTG, the technology subsidiary of Thailand's second largest bank, Kasikorn Bank, announced the launch of Coral, an NFT marketplace that supports Thai and Asian artists. Customers can use fiat currencies such as Thai baht or US dollars to purchase NFT artwork. Its NFT marketplace is part of the company's KASIKORN X (KX) plan, which will launch its first product, digital asset platform KUBIX, in March 2021. This is a security token platform that fully complies with the regulations of the Thai Securities Commission (SEC).
Former U.S. Treasury Secretary Mnuchin said on Tuesday that he is investing in blockchain companies, not cryptocurrencies. Investors should know where their money is going when they invest in stablecoins, Mnuchin said at the Milken Research Far Global Conference in Beverly Hills, California. Mnuchin called cyberspace a "massive market" that could drive companies to grow 10 to 20 times in size.
October 20th, Facebook plans to change its name next week to reflect its focus on building a "metaverse". Mark Zuckerberg is scheduled to talk about the upcoming name change at the company's annual Connect conference on Oct. 28, but it could be announced earlier, in an attempt to signal the tech giant's ambitions.
On October 22, Nigeria's company registration agency, the Corporate Affairs Commission (CAC), rejected a start-up company's application for registration on the grounds that the blockchain has not yet been recognized by the Nigerian government. According to a report, the unnamed startup that was building an API connection for blockchain game rewards was told that the agency would only work on the application after references to blockchain technology were resolved. “Blockchain has not been endorsed by the Nigerian government, please remove,” CAC reportedly wrote. As expected, the decision angered some members of the Nigerian blockchain community.
On October 24th, at the third Bund Financial Summit, Barry Eichengreen, a professor of economics at the University of California, Berkeley, said that the central bank's digital currency is coming, and the People's Bank of China is the forerunner. However, in the foreseeable future, central bank digital currency will not change the structure and operation of the existing international monetary system. Barry Eichengreen said: "If the central bank's digital currency is to be used across borders for international transactions, it is necessary to ensure the interchangeability of each currency, and each currency needs to run on the same blockchain. So who will What about managing this blockchain? Or, it is also possible to set up another set of infrastructure so that central bank digital currencies running on different blockchains can use this infrastructure to exchange, so who will manage this set of other infrastructure? What about the infrastructure?" 120 central banks are on the same blockchain, and the scenario where they reach an agreement on issues such as infrastructure structure and management methods is out of reach.
News on October 24, UAE-based real estate developer LandOrc will enter the Indian real estate market by leveraging the alternative funding provided by large capital in DeFi and encrypted assets, focusing on the country's second-tier cities. The Indian real estate sector is in the spotlight, with VC Circle estimating a $100 billion real estate funding gap in India, according to industry experts. LandOrc will provide loans with an average deal size of US$150,000 per project and a term of less than six months to fill the funding gap in tier-two and tier-three cities. Loans are secured by land collateral held in the form of NFTs. The transparency and speed of the blockchain-based approval system ensures that real estate developers can secure loans in a faster time frame and at a lower cost of capital than locally available. LandOrc is replicating the same lending model in other markets including Australia, US, Sri Lanka, Canada, focusing on areas with higher interest rates.
On October 17th, Guangdong Province's data asset certification launch event and the country's first public data asset certificate conference were held in Guangzhou, and the country's first public data asset certificate was released on the spot. Data asset certificates are compared to the following three: one is "container", the other is "portfolio", and the third is "work assistant". Guangdong Power Grid Corporation uses public data asset certificates as the carrier, and through domestic technologies such as cloud computing, big data, and blockchain, realizes credible, safe, and efficient transmission of grid data to data users, which greatly improves the efficiency of data circulation.
On October 19th, the country's first digital renminbi application scenario in a creative industry park landed in Shanghai Mayor Ningde Biyi Park. In this park, the application scenarios of digital renminbi have been expanded to various offline payment scenarios such as white-collar restaurants, supermarkets, and coffee shops, and will be radiated and replicated to dozens of operating parks across the country in the future. The relevant person in charge of Changning DoBe E-Park said that in order to better guide the white-collar workers in the park to use digital renminbi, the reliability and ease of use of digital renminbi technology has been promoted through posters on the electronic screens and various eye-catching points in the park. At the same time, application training was also carried out for park operation and security personnel to ensure user experience and prepare for the expansion of subsequent pilot projects.
News on October 21, Ms. Chen, a citizen of Qionghai, Hainan, successfully purchased a Roewe Kelaiwei new energy vehicle in Qionghai Automobile City with digital renminbi as the payment method, opening the first city-level consumption promotion platform in Qionghai city digital renminbi payment Marketing new experience. With the support of Qionghai Municipal Bureau of Science, Industry and Information Technology, Qionghai Sub-branch of the People's Bank of China, and Qionghai Sub-branch of Bank of China, this payment completed the first digital RMB car purchase business in Hainan.
On October 22, according to the Office of the Leading Group for the Construction of the Kunming Social Credit System, the "Kunyi Chain" blockchain service platform promoted by the Kunming Municipal Service Administration has now become the first public resource area in China. The blockchain trading platform provides technical support for creating a transparent business environment. Kunyi Chain" breaks through traditional solutions, establishes modules such as blockchain supervision, blockchain services, and blockchain electronic evidence, and builds a blockchain support layer as the bottom layer of the entire system architecture to realize alliance chain management, node management, and channel management. The core functions of the blockchain such as management, consensus mechanism, smart contract, and cross-regional interconnection can effectively promote the storage and inspection of business data, subject database data, performance database data, and credit database data.
On October 22, AntChain officially released the first self-developed trusted on-chain chip-T1 at the Hangzhou Yunqi Conference in 2021. The chip is equipped with the Pingtouge Xuantie 803 high-performance processor core, and will be used in AntChain self-developed software and hardware devices such as blockchain all-in-one machines in the future. T1 is a security chip, which is mainly used in IoT devices. By establishing a secure execution environment, it can resist various software and hardware attacks and increase system security. The T1 chip performs digital signature and integrity verification on key data through the blockchain, realizing the software and hardware technology innovation of "blockchain + security chip".
On October 18th, the Mexican medical service company MDS is using blockchain technology to prevent falsification of COVID-19 test results. MDS has launched a rapid test application and interpretation service, and the test results will be delivered physically and digitally after 24 hours, and will be certified by blockchain technology to guarantee the real-time application of the test and the authenticity of the results. The MDS generates a QR code associated with each test result that links to a digital certificate containing personal information about the test taker, the results obtained, the doctor administering the test, and the date the test was performed.
Exploiting the features of non-real-name digital RMB accounts and the ATM cash withdrawal function, they orchestrated a scheme to transfer illicit funds for upstream criminals while earning such "service fees."
AlexBankman-Fried’s attorneys claim the subpoena was unreasonable and was not issued properly.
cryptopotatoThe Digital Dollar Project is launching a central bank digital currency (CBDC) Technical Sandbox Program in October. The U.S...
LedgerinsightsWith the support and guidance of relevant departments and the Xi'an Branch of the People's Bank of China, various pilot operating agencies continue to optimize the digital RMB acceptance environment. Xi'an has initially established a digital RMB ecosystem with both application scenarios and consumer groups.
FtftxOn May 19, a press conference on the Chongqing digital renminbi pilot project was held, revealing the situation of the Chongqing digital renminbi pilot project to the outside world.
FtftxAccording to news on May 15, the latest version of the digital RMB app, version number 1.0.9.0, has been launched on the Apple App Store and major Android platforms.
FtftxXiamen City kicked off the digital renminbi consumption week activity, and major banks and merchants actively cooperated to build digital renminbi usage scenarios throughout the chain to meet user consumption needs.
FtftxThe Futian District Government and Shenzhen Construction Bank jointly held the release and signing ceremony of the country's first digital RMB education and training institution prepaid platform. Shenzhen Construction Bank signed a digital RMB cooperation agreement with the first batch of cooperative education and training institutions, marking the successful implementation of the project in Futian District.
FtftxOn November 1st, at the 4th China International Import Expo, Bank of China will take multiple measures to popularize the knowledge of digital renminbi: place it in many eye-catching places in the venue, post digital currency single pages and posters, let the basic knowledge of digital currency, open channels, How to use it is clear at a glance.
CointelegraphThe acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
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