Di Gang: The Institute of Mathematics has actively researched blockchain applications in the digital renminbi.

“The world has entered a phase of integration and rapid development. The role of digital technology has been recognized by people all over the world and has grown rapidly in the industry. intelligence. And in smart times, real business and Our relationship has evolved by aiding, championing and defending integration, originality and ubiquity. says Di Gang, director of the Digital Research Institute.

Di Kang pointed out that in March of this year, Korea announced the "14th Five-Year Plan" and "Long-Term Goals for 2035". We must promote and support intelligence, big data and blockchain. , cloud computing, network security and other digital marketing. “Among the digital technologies we focus on, blockchain technology has become an important driver in the development of digital finance. "

In fact, blockchain technology has been widely used. According to Di Gang, in 2021, consulting firms will conduct blockchain research in 10 countries, including the US, UK, Singapore, Germany, China and Japan, and 81% of interviewers believe as blockchain technology has emerged. There is a lot of potential. scalability and adoption by major companies, 84% of which have been approved by financial companies. Each global financial company surveyed as a blockchain is the largest in the industry. In September 2021, a research institute studied blockchain applications from the world's top 100 catalogs, and 81 organizations were found to be using blockchain technology.

Blockchain technology is starting to be used in the digital industry. Di Gang, meanwhile, points out that from patent competition to combat, seeking circumstances to create security, the benefits of using blockchain continue and increasingly positive results have been achieved. In the areas of cross-border technology, financial exports, agricultural finance, financial economics, inclusion, urban relations, "agriculture, rural areas and farmers", human health and other industries, some financial companies around the world are still developing the blockchain application scenario. and yes. , financial trade, information sharing, foreign trade, fair trade, etc.

Di Gang focused on using blockchain technology in the math department. He noted that Digital Labs was the first organization to explore blockchain applications in R&D activities.

One is to create an integration of applications based on blockchain technology into the digital renminbi system.As a trusted business, the central bank keeps the exchange information on-chain to ensure the accuracy and reliability of the data.

The second is the implementation of a number of digital currency banking companies with the Company's support at the International Settlements Innovation Center.The University of Mathematics is leading a team working on the Digital Currency Bridge project, exploring how to create a profitable testing platform using data sharing.

The third is to develop the blockchain financial platform business by becoming a leader in key areas of national research and development, and to complete the development of a blockchain-based business financial ecosystem with the aim of access information and trust. , credit sharing.

Fourth, in the area of ​​standardization, the Institute for Mathematical Research has further strengthened its design process and has been a leader in the development of many international blockchain models., chaired the National Blockchain Distributed Ledger Accounting Standards Committee, participated in the development of many national standards such as blockchain technology reference architectures, and the Gold Board developed industry relevant standards such as communication and financial markets.

Di Gang believes that the current blockchain faces six major challenges in digital finance. He pointed out that although blockchain technology has expanded the various applications in the digital financial world, it still faces challenges.

On the other hand, in terms of system architecture, there are still many performance and scalability issues, so we need to pay attention to solutions like sidechain, multi-chain, hardware acceleration, on-chain and off-chain collaboration.

Second, regarding the protection of personal information, "the current importance of protecting personal information such as zero authentication, homomorphic encryption, multi-party security, and education in government has major limitations. The same goes for engineering and technique, ”said Di Gang.

When it comes to information security, Di Gang believes that the blockchain faces issues such as self-regulation, open source space and quantum counting, and needs to strengthen innovation in security technology, including smart contracts, authentication, security contracts and decentralized DID.

In addition, in terms of monitoring and surveillance, Di Gang believes that many nodes of the blockchain are anonymous and hidden, the classification is difficult to monitor. .

In terms of integration, “the integration and compatibility of blockchain and traditional technologies need to be strengthened, and there is conflict. Strengthen research on the completion and development of blockchains in accordance with modern technology, and research on the integration and development of new technologies. ”Said Di Gang.

Finally, speaking of the process, Di Gang bluntly said that the blockchain integration was poor, the process was critical, and the design was inadequate.

From D. Kang's perspective, blockchain digital finance offers room for future developments in the areas of theory, technology, core technology, and specialization.

For example, in terms of theoretical theory, Di Gang believes that scientific research should be encouraged. The use of advanced technology often leads to advancements in advanced technology. Must be updated with the latest technology in terms of system architecture. Based on reliable technology, consensus of algorithms and cryptographic thinking, advanced technology, the development of technology includes smart contracts, blockchain network technology, chips and hardware, cross-chain, surveillance, threat monitoring, etc.

Di Gang pointed out that the People's Bank of China Digital Currency Research Institute is a direct public organization within the People's Bank of China. It focuses on building a nation of legitimate digital advantages, innovations and financial reforms. “The digital yuan is expected to be trained by the end of 2019 and it has been tested in 10 regions and at the 2022 Beijing Winter Olympics. The advancement of R&D on the digital yuan in China ”. As part of the development effort, the Beijing Winter Olympics digital yuan pilot project, which is an important part of the Olympic plan, is successful. "