Institute of Mathematical Research: A leader in blockchain application research in various R&D activities, including the digital yuan.

In recent years, blockchain technology has been the subject of much research in the financial markets, and the benefits of its application are appearing early on.

Recently, Di Gang, vice president of the Digital Currency Research Institute of the Public Financial Institution of China (later the "Data Research Institute"), spoke at the 18th International Forum of China. finance (IFF) on the blockchain project.

Regarding the new promotion of the "digital currency" pilot project, Di Gang said it was an important part of the scientific research and development of the digital yuan and preparations for the Winter Olympics, the operation of the Beijing Winter Olympics site in digital yuan is underway. stay stable and honest.

A breakthrough in blockchain finance

“On the one hand, the application of blockchain to digital finance has shifted from a battle for patents to a battle for power, from scenario research to ecosystem development,” said Di Gang, “ and blockchain is bringing more and more good value. Getting done, "he said. Meanwhile, blockchain technology has been used in cross-border payments, financial chain finance, agricultural finance, financial industry, financial inclusion, community city energy, "agriculture, zones rural and farmers ", human health and other major industries. Financial companies, information exchanges, forex, and trading companies are also extending application scenarios on the blockchain.

dit Digang.The digital renminbi system is an integration of data distribution products based on blockchain technology.As a company trust, the company provides on-chain data transfer services to ensure the accuracy and reliability of the data. The desktop can share tasks, share lists and save multiple contents.

With support from the Center for International Financial Transaction, the Institute for Mathematical Research, the Hong Kong Monetary Authority of China, the Bank of Thailand and the Central Bank of the United Arab Emirates have partnered with numerous connected digital banking bridges. Together, learn about the effectiveness of the central bank's digital currency in cross-border payments. Di Gang, as chairman of the executive committee,The School of Mathematics explores how to create a profitable experimental platform using spreadsheets.

In addition to the digital renminbi, according to Di GangThe Institute for Mathematical Research has also started to develop a financial blockchain platform.Complete the development of a blockchain-based business and financial ecosystem for the purpose of information access, trust and integration.

In addition,The Institute for Mathematical Research frequently uses blockchain technology to strengthen the development of financial systems,Lead the first development of multiple global blockchain models and simplify the development of relevant industry models such as blockchain measurement, security, connectivity and financial markets. , sponsored by the National Technical Committee for Financial Standardization.

Blockchain financial applications are also available for the big competition.

Di Gang honestly said that although blockchain technology has extended many applications in digital finance, it still faces challenges. According to him, in terms of system architecture, there are still many problems in terms of performance and scalability of blockchain technology, and solutions such as sidechain, multi-chain, hardware acceleration, on-chain and off-chain. should be noted. chain cooperation.

With the huge financial impact, the issues of information security and privacy have received more attention, and by November 2021, the "China Partner Personal Information Protection Policy", which is an important part of the request, has been completed. The security of financial applications such as blockchain. Now the demand is higher.

Di Gang said that from a privacy perspective, the key technologies now are privacy, such as blockchain zero authentication, isomorphic encryption, multi-party security counting, and public education. still have serious restrictions. Theoretical innovation and engineering are needed. . Technology.

When it comes to information security, he believes blockchain faces issues like self-regulation, open source access, and quantum computing, and he believes new security technologies, especially the intelligent language, authentication, security contract and decentralized DID identity, are mandatory. strengthen do.

From the manager's point of view, Di Gang said that there is a lot of anonymity and privacy in the nodes of the blockchain, and that it is difficult to control the administration, it is seen that it is advisable to provide privacy protectors with surveillance technology to complete intrusion monitoring.

“In terms of integration, there is a need to strengthen the integration and integration of blockchain with existing technologies, and to have an impact on business. Innovative technological research.

Regarding the design process, Di Gang also pointed out that the integration and integration of blockchain is poor, the operating system is important, and the design is not sufficient, this should be the case. increase the construction of the connection process.

8 Blockchain violations

Facing the opportunities and challenges, from Di Gang's perspective, blockchain technology can help improve the quality of digital finance in eight dimensions.

(1) Improve theoretical research in the context of theory, the practice of digital financial instruments often faster than the development of technological theory, requires increased resilience. .. thinking;

(2) related to technology, the development of key technologies, including new smart contracts, blockchain network technology, chips and hardware, cross-chain, management supervision, threat monitoring, etc. ;

(3) Support the process of developing key business models, establish a solid process and participate in the international design. ;

(4) In the case of a special demonstration, we regularly support special operations and large-scale demonstrations, and apply and guide the business through the demonstration.

(5) As a joint enterprise in industry, strengthen joint research of "political, economic, educational, scientific and practical", develop cooperation and encourage integration and exchange of technological research.

(6) In terms of confidence, strengthen the development of complex intellectual and industrial skills, increase insurance capital skills, and develop classroom cooking skills.

(7) from the point of view of ecological co-construction, create a comprehensive ecosystem to create integration and integration;

(8) In terms of policy and protection services, identify industrial policy guidelines, identify technological innovations, successful changes and support mechanisms, and establish mechanisms for international cooperation.