Bitpush Weekly APCA Overview: The Chief Economist of the Hong Kong Stock Exchange and Clearing Limited: Blockchain develop the path of financial change

Hangzhou Gaoxin District released a new plan that will vigorously develop future industry

According to Hangzhou Net, Hangzhou Gaoxin District issued the Hangzhou High-tech Zone (Binjiang) Construction Digital Economy Strongest District Action Plan (2019-2021) recently. It pointed out it is necessary to cultivate a number of digital industries and vigorously develop life health and blockchain. Waiting for future industries; breaking through a number of stucking technologies, focusing on the digital economy BASIC industry matrix (big data and blockchain, artificial intelligence, digital security, and network security, IoT Internet of Things and IC chip design, cloud computing, etc. Industrial clusters).

Deputy Secretary-General of the Internet Finance Alliance: China banking financial technology enters  into the 3.0 era, blockchain will develop rapidly

According to the Beiguo news, on April 26, the Small and Medium Bank Internet Finance (Shenzhen) Alliance officially released the Small and Medium Bank Financial Technology Development Research Report (2019) at the China Digital Banking Forum. Jiang Yijun, executive deputy secretary-general of the Small and Medium Bank Internet Finance (Shenzhen) Alliance, said under the support of the rapid development of computer technology and communication technology, China banking and finance come into 3.0 era. Big data, cloud computing, AI and blockchain will develop and apply rapidly.

Willing to promote "One Belt, One Road" cooperation with China, especially in the field of technology development such as blockchain, said by President of the Swiss Confederation

According to People's Daily, President of the Swiss Confederation Yuli Maurer said Switzerland is willing to promote "One Belt, One Road" cooperation with China on a solid foundation of mutual trust, especially in the insurance industry. Cooperation in the areas of technology development such as financial markets and blockchains.

Baidu Index: Blockchain, Bitcoin and Ethereum search index both rose in the past 7 days

Baidu Index shows the average daily of the blockchain search index was 5240 in the past 7 days (April 20-April 26), which was 75% lower than the previous year and month-to-month was up 4 %. The average daily value of the Bitcoin search index was 19,308 in past 7 days. A total decrease of 49% year-on-year and the overall month-to-month rose by 2%. The average daily of the Ethereum search index in the past 7 days was 4033, which was 45% lower than the previous year, and the month-to-month was up 3%.

The Chief Economist of the Hong Kong Stock Exchange and Clearing Limited: Blockchain develop the path of financial change

The 8th issue of China Finance published the article The blockchain promotes the path of financial change wrote by Ba Shusong, the Chief Economist of the Hong Kong Stock Exchange and Clearing Limited. The article said the current blockchain is still in the stage of rampant growth without a clear direction. In order to truly realize the large-scale practical application in finance. It is necessary to break through the limitations of the shortcomings of the power consumption of the consensus algorithm and the inefficiency of the P2P network model and find the breakthrough triangle block impossible triangle. Although there are still many disputes, in theory, the financial industry represented by Wall Street has explored the application space of blockchain in practice through the pilot to find the way to combine decentralization and centralization. Private chains and alliance chains have emerged throughout the process. At the same time, the establishment of the R3CEV alliance and the China Distributed General Ledger Basic Agreement Alliance indicates that financial institutions are strengthening cooperation and trying to jointly develop blockchain technical standards. 

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