Shi Pengfei: Is the map for the local work?

This sentence is the full text of Mr. Shi Pengfei's speech at the opening day of Shanghai International Blockchain Week 2021 "Thematic Forum on Rural Revitalization of Blockchain" organized by Wanxiang Blockchain Lab. Shi Pengfei presented our possible scenarios and uses the blockchain method in rural support using examples, and provided information on further use of blockchain for rural support. .

Luochuan Province, Shaanxi Province, is one of the two largest producers of red Fuji in China, and a family of three in Luochuan Province owns a 20-acre orchard with an annual income of 200,000. A farmer from Liaocheng city, Shandong province, several workers and his family planted 1,000 mu of land in two seasons, one for wheat and one for corn, with an annual income of up to 600,000.

If you understand China's large-scale agricultural sector well, you will see that the benefits of agriculture are not small, but high risk. Extreme weather and natural disasters can lead to the loss of farm equipment, and climate change can affect agriculture. Is there demand for blockchain in a market where benefits and risks are shared? The answer is yes. Where there is risk, trust is needed and blockchain is the engine of trust.

Today, large-scale growers will work with companies such as Sinochem Agriculture to adopt "plantations" and have dedicated staff working as specialists. These companies provide the whole process, such as soil analysis and fertilizer development, and fertilize according to the soil and the whole management plan. As a result, Zhang San fertilizers can reduce the production capacity of Li Si without increasing production. Farmers specialize in planting 1,000 radishes with about 700,000 to 800,000 farming tools, and the benefits of fertilizers have a greater impact on farmers' income. However, crop growth can be as short as a few months or as long as a year. Working with industry, what can a farmer do to ensure crops can meet demand?

Innovation comes from life, and innovation that can be used quickly is especially required by the abstractions of life. In these contexts, models of blockchain-like cooperation have quietly emerged across the country. The company and the farmers agreed that the Ministry of Agriculture, Farmers and Sinochem would keep the ingredients, fertilizers and pesticides after surveying the company. Each party has a map and a list of contacts. Milk and fertilizer spreader for soil control. , the key is discarded after closing. If you're having trouble with fertilizers, the proof is in your closet. Farmers and businesses have developed trust in this way, and this is a “blockchain nation” of agriculture.

As the consensus of rural support has sparked interest in the agricultural sector of the financial system and led financial companies to consider rural financial services, people are gradually understanding that this is a blue ocean. without water by financial institutions. Since the cost of agriculture and the benefits from financial companies are also very high, agriculture has the potential to grow in the financial sector.

Rural financial assistance is intended for agricultural groups and has the following characteristics.

poor credit history. Statistics show that almost a thousand people in our country have never borrowed money from financial institutions.

Difficult to assess income. In large rural areas, there are two main payment methods, one is cash payment and the other is WeChat Alipay. With the advent of WeChat and Alipay, bank accounts have become a channel, and it is difficult for financial institutions to measure farmers' actual income with content in banks, and it is difficult for farmers to measure income due to insecurity in the community.

Reduce security assets. A farm in the countryside, leave a farm in a farm, can not.

various biological assets. There is an old Chinese saying, "The family is rich and the hair is not counted."

Most of the heritage is biological, and if the management of biological resources is addressed, the problems of rural and agricultural economies can be solved. Biological assets include cattle, pigs, corn, and other crops and crops, and these assets have the following unique characteristics:

Difficult to determine the price. Take the example of live pigs, the price of live pigs changes several times since the super pig cycle which extends from 2019 to 2021. The price of biological assets does not change and its price is difficult to determine.

Difficult to identify members. Biological properties are present in moving parts based on their characteristics, and there is currently no better evidence to establish the property of moving parts in agriculture. .

Difficulty of post-mortgage management. The variability, mobility and development of biofuels limit the regulatory performance of biofuels.

Hard to take risks. Financial companies have no way of accounting for biological assets.

often go differently. Decreases such as animal diseases, natural disasters and deforestation or poaching.

It can be seen that the key to the importance of rural finance lies in how to reduce risk, know the pursuit of biological assets and establish There is a clear agricultural affiliation in the certification of financial institutions. The biggest sources of farmers' treasures are biotic and biotic products, including cattle, pigs, corn, and other crops. Based on authentication, recognition of the value and control of biological assets provides the basis on which biological assets can be made private and exclusive. He owed loans to solve some of the problems of the rural economy and agricultural financing of the livestock industry as a biological asset.

Wanxiang Blockchain solution uses the combination of Blockchain and Internet of Things to solve the above problems. The combination of blockchain and the Internet of Things can create a foundation of digital trust for the critical “digital twin” of biological biodigitalization. Taking the cow as an example, it is a "digital twin cow" created according to the actual situation, and the twin cows are like old cows.

A valid digital twin must respond to three "modes":

1. Exactly the same. The main metrics for trading Offline Race Cows and Online Tanks should be the same.

2. Follow the pattern. As offline beef changes, so does digital beef.

3. Repentance. Digital twin cows and offline cows need to interact with each other and bring about long-term change.

If the collar of the IoT device planted with the blockchain module is installed on the cow, and IoT devices such as smart scales and smart surveillance cameras are installed in the farm area, the whole process from the Entry into the hunt can be really monitored. time. From a perspective including location, weight, etc., including livestock, the combination of blockchain and the Internet of Things shows the value of livestock at different times in the real world of blockchain to create a competitive track. and traceable digital twins of cows.. Dynamic change Yes, how live real cow data changes, twin cows also make changes and data is uploaded in chain by stream to ensure clear facts. The collar worn around the cow's neck is a number, and that number is the "symbol" of the cow, which is the unique symbol of the cow. At the same time, the collar is responsible for early warning and an alarm is given when the collar is lowered.

These models “manage” assets and allow banks to monitor their assets at all times, enabling them to work with farmers with confidence.

Urban and rural financial stimulus is the most realistic in China, and any loan can bring hope to local families. It is a guarantee to know the family income, to guarantee the education of children and to support adults. Through its integration with advanced technology, blockchain breaks down technological boundaries, creates a credible basis for rural finance, enhances the emergence of agricultural finance, and promotes changes in the economy and business.

I believe that with Wanxiang Blockchain, a company dedicated to research and development technology, and more partners, rural finance and rural support will be better!

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Shi Pengfei says the twin-catalyys said in speech, and the "biological formets guide platform" generated in a universal block. "

The platform is based on the "PlatONE BoAT IoT Data Empowerment Platform", which modifies color-related security monitoring, metrics and cameras to monitor financial value in blockchain modules. Each color object is assigned an independent blockchain ID and all data is recorded. Protected by blockchain ID, signature protection, and blockchain certificates, participants can store blockchain certificates based on blockchain certificates and authoring tools for trust. The "blockchain of the Internet of Things" model mentioned above ensures that data and processes are both trustworthy.

The Beef Platform was created when IoT devices started collecting data and could be exchanged (eg exchanges) or financially with the financial institution from anywhere in their life, the end of the exchange. Financial companies can identify the value of livestock as a platform for digital assets, provide immediate financial assistance to businesses and livestock, solve difficult financial problems on ranches, and facilitate growth. industry. At the same time, insurance companies can rely on the platform's digital tools to reduce the complexity of research loss and decision-making and costs, and provide insurance services for the cows soon. Based on the channel data, government agencies can monitor livestock, know the proper distribution of agricultural and livestock products, and inspect beef data. For livestock companies and ranches, the information platform has an early warning role to avoid any pre-risk or future information-based product development plans to improve performance.