Driven by Free Trade Development Plan, Hainan to Build Blockchain 'Heaven'

On June 1, the China Justice Commission and the Council announcedThe "Preliminary Plan for the Development of the Hainan Free Trade Port" (hereinafter referred to as the "Comprehensive Plan") is the first joint statement issued by the Chinese Ministry of Justice and the State Council to outline the development of the blockchain. Technology.The plan aims to strengthen the application of blockchain technology in industrial intelligence and certification to explore new approaches necessary for the development of free and integrated energy ports in order to make Hainan the base of development and l blockchain technology innovation, and development planning. and the timing decision provided the development process for the development of Hainan Free Trade Port.

First, on May 25, the Hainan Ministry of Industry and Information Technology announced that "Hainan State will accelerate many policies and measures aimed at improving the blockchain industry", and in order to rapidly develop and innovate blockchain technology. Establishment of the Hainan Free Trade Zone (Hong Kong) Blockchain Pilot Zone "Chain Shanghai South" to promote and develop the ecology of the blockchain industry. Ten test rules were developed and the trial period was 3 years. After the expiration date, it will be updated further. and improve based on the performance of the measure.

Chi Fulin, director of the China (Hainan) Institute for Reform and Development and director of the Institute for the Free Trade Port with Chinese Characteristics, said Hainan is particularly good at implementing general and far-reaching changes and the highest degree of openness.

When he interviewed reporter Jonny, an expert in blockchain law research, he thought:From national law to local law, Hainan has become a haven for the free development of blockchain technology. Blockchain technology companies can enjoy tax, political, and business success support. With the right tilt, Hainan will surely become the blockchain technology capital of China, and with the support of law and technology, Hainan Free Trade Port will become Hong Kong and Singapore, and become one of the best companies in the world.."

What does the Blockchain do?

After the publication of the "Hainan Free Trade Port Development Plan", the important role played by blockchain technology has sparked discussion and scrutiny by industry experts.

According to Ouke Cloud Chain analysts, “Blockchain is currently in the early stages of development and integration with new technologies, but the technology is still immature.The "Plan" pointed out that the first step, i.e. the introduction of blockchain industry policy before 2025, is to promote close integration of blockchain and real industry for achieve "capital investment and investment and support" in Hainan. Of course, there is also the offense of "planning". In phase 2, it was emphasized that if blockchain technology develops before 2035, it is necessary to join the principles and rules of information security, data exchange and financial blockchain. ."

According to analyst Huobi noted:The "Global Plan" refers to the blockchain in six places, which is clearly positioned within the framework of the information industry, and other areas such as intellectual property transactions, deposit certification, leadership, blockchain childcare, blockchain finance, etc. This shows that blockchain technology has feared to become an important flexible technology for the development of Hainan Free Trade Port.."

The founder, CEO and CEO of Huobi Group, Li Lin, also expressed his vision of "the whole plan". He said, “Huobi China is confident in the development of Hainan, the hotspot, and optimistic about the future development of Hainan.Huobi will support the new use of "blockchain" in the construction of Hainan Free Trade Port, support the entire Hainan government administration, health and welfare, digital economy, tourism, innovation and the financial chain.For example, promoting the use of 'government blockchain work', examining new models of government governance in the digital age, developing and improving modern governance, improving modern governance, and supporting the development of smart government in China and 'improve blockchain supply. financial chain. . "There are solutions that solve the current problems and high financial costs of small and medium-sized businesses, improve the solvency of rivers and streams, and promote business development."

In "All plans", "focus on the platform to transport goods, improve the level of e-commerce, and focus on the development of business information such as the Internet of things, intelligence, blockchain and digital marketing.Ouke Cloud Chain analysts believe that Wenchang International Aerospace City and Sanya Deep-sea Science and Technology City have relied on the export and development of key technologies and platforms, and support trade on the high seas and in high seas. The policy is a continuation of the “new infrastructure”. It is a combination of central government 'grand politics' and 'local industrial policy'. Hainan has a strong presence in Wenchang International Space City and Sanya Deep Sea Science and Technology City, and as a new partnership, blockchain technology can be used in smart cities, health management, hygiene and public health , so this will be an important area of ​​development. . Hainan Information Infrastructure. "

Blockchain law expert Jonny gave the three reporters the following analysis: “On-chain data in blockchain technology is an important technology that improves visibility. truth of Hainan industrial development.Hainan Free Trade Port is one of the best open ports in the country. Tourism, current service industries, and tech companies will be tax-exempt before 2025, and many imported products still operate for free, without entry visas and other rules. This opening allows space. Typically, technological technologies like blockchain and big data are needed., this technology allows Hainan to keep better control over the opening. More self-regulation requires more freedom, like foreign food, to ensure food security and improve government services and governance. . "

Jonny's expectations are similar to Oukeyunlian's. Oukeyunlian analysts believe: An important starting point for the management of the deep reform of the system In the government enforcement program, blockchain technology recognizes not only an undocumented source operation, but also awareness of government information sharing , makes registration and tracking easier, really simplifies government procedures, and strengthens government. The Hainan Free Trade Port supports the modernization of government policy, in addition to the research and denial of tampering with blockchain technology to ensure the reliability and security of information, and fundamentally guarantee the details of ownership. As a result, blockchain technology is protected by inheritance. .Protecting investment property will help alleviate investment problems, increase investor confidence, provide a safe and stable investment environment for Hainan, and support Hainan's investment processes."

Hainan, Blockchain Poverty

From an international perspective, Hainan is an area with the greatest authority for the development of blockchain technology. With the support of the "national" friendly policy, Hainan is able to compete with Hong Kong and Singapore in the future.Could it be as if Hainan becomes the world capital of blockchain technology production when Shanghai Pudong has grown from a small fishing town to today's "magic capital" and achieved the status of a global sub-center? of making money?

Ouke Cloud Chain analyst said:By all accounts, the right-wing plan for the blockchain industry in “all plans”.It can be said that there is a panic policy and notice in the Korean blockchain industry. This plan focuses on both, the first is to identify the economic base of the "listed country", which means that it will be more supported by the country in the future, and the main reason is to focus on the important tasks. . Before 2025: "Liberalize and promote trade and investment", "good governance" and "facilitate the efficiency and effectiveness of the greatest number" are two aspects of "housing protection", that is ie the blockchain industry goal before 2025. ”and“ new generation data ”are those mentioned above.

Currently, Hainan is poor in terms of economic development, compared to previous regions such as Hong Kong, Singapore and Shanghai, Hainan's economy is at a low level, the central economy is weak, and its economy is weak. . It is not clear, but why did the CPC Central Committee and the State Council decide to open a free trade port in Hainan?

Chi Fulin, director of the Chinese (Hainan) Institute for Reconstruction and Development and director of the Center for Free Shipping with Chinese Natural Resources, said that Hainan's free ports are supported by a large industry in China with a population of 1.4 billion inhabitants and should be supported. . by country. Hainan occupies a special place in the region, the natural resources are very good, and there is a lot of room for improvement, and the construction of the white port makes a high demand for road construction and innovation in Hainan.

Hainan Free Trade Port will become the center of trade development in the next phase. This is an unprecedented development for blockchain technology companies and other “blockchain” operations. When the advantages of Hainan blockchain technology production company emerge, the technology will come together quickly. Where money and policies come together, it will contribute to the growth of economy and economy of Hainan.