Bitpush Weekly APCA Overview: NIIO announced the first batch of 197 blockchain information service participants

【China: What can we learn from the US on blockchain application?】

On March 29, the People's Post and Telecommunications published an article: "What can we learn from the blockchain regulation in the United States?".

The article points out that the United States has brought some useful enlightenments to China on the application of blockchain technology: First, it’s important to research and study the blockchain problem before any execution. The development of blockchain is still in its early stages, and the definitions, characteristics, applications, risks and challenges are still evolving. Early research on policies, technical characteristics, applications, applicability, etc. should be carried out in advance, and pilot projects and proof-of-concepts should be carried out in key areas to establish a basis for timely and appropriate intervention in blockchain control to avoid regulatory vacancy or over-regulation.

Second, we need a guide to the rational development of the industry. Blockchain as a current trending technology has some excessive hypes, so it is necessary to develop guidance on the basis of relevant research.

The third point is to pay attention to blockchain security risks and enhance pre-assessment. The decentralized, non-deletable features of the blockchain may pose security risks in areas such as cross-border data flow, content management, network security, critical infrastructure protection, personal privacy protection, and user rights. Although the US government has no control over blockchain technology, it has passed legislation to pre-evaluate the national security risks that blockchain may bring. China should also carry out pre-assessment of key security areas as early as possible, and deploy preventive measures in advance.

【The NIIO announced the first batch of 197 blockchain information service participants】

The National Internet Information Office in China announced the first batch of 197 blockchain information service names and filing numbers, including Baidu blockchain engine BBE, Jingdong blockchain BaaS platform, Ant blockchain BaaS platform, Tencent blockchain, everiToken public Chain.

According to the regulations, the blockchain information service provider shall indicate its record number in a prominent position such as the Internet station and application program that it provides external services. The filing is only the registration of the main blockchain information service, and does not represent the recognition of its institutions, products and services. No institution or individual may use it for any commercial purpose. The NIIO will follow up with the relevant departments, supervise and inspect the main body of the record, and urge the undocumented entity to fulfill the record obligation as soon as possible.

【POW’ER Summit in Chongqing, China】

On March 28th, the “POW'ER China Blockchain Contributors Annual Summit” hosted by Mars Finance, Consensus Lab and VBLOCK was held in Chongqing. 1000 industry guests and 150 blockchain technology companies came to the site including Wang Feng, founder of Mars Finance and Consensus Laboratory, Zhao Yahui, general manager of People's Venture Capital, Wu Jihan, co-founder of Bitmain, Li Lin, chairman and founder of Huobi Group, Li Guoqing, founder of Dangdang, Cai Wenge, general manager of the blockchain business of Tencent, and other industry celebrities.

The six industry leaders gave a speech on topics such as global development of blockchain, commercial practices, technology, and consensus mechanisms. The summit also set up six debates on the trending topics of technology, big company admission, stability certification, platform certification, blockchain investment, bitcoin price, etc., detailing the opportunities and challenges behind blockchain technology.

Renee Wang

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