（Host: Yang Miao, JOHN AQUILINA U. O. M., Yan Zhijie, Zou Pingzuo, Li Ming, Yu Jianing）
Host: I am very grateful to all of you for coming to participate in the global consensus and sharing of our digital age. Now before we enter this roundtable discussion, I would like to briefly introduce our distinguished guests. We know emerging technologies represented by big data, cloud computing, mobile Internet, Internet of Things, artificial intelligence, etc. Their further penetration has promoted the rapid development of the digital economy and is also reshaping the global competitive landscape. According to Huawei's communications technology company Huawei released a global link index GCL in May this year, it said that the scale of the global digital economy will reach 23 trillion US dollars in 2025. This number will be nearly doubled on the basis of 2017, so we can see that the digital economy has huge potential to be released in the next five years, so my first question would like to ask Malta Ambassador to China, Malta is a mysterious country for China. I also believe that many people want to know what the digital economy is like in Malta. What is Malta's attitude towards the digital economy government?
JOHN AQUILINA UOM: Malta is also a natural evolution. Malta is a small country. It is very fragile as a small country. So we integrate Malta with other countries. We support globalization and integration. If we return to the UN, Malta is already a non-permanent member of the Security Council. We promoted the law of the sea from 1997. We also supported China’s accession to the United Nations. In 1972, it faced European criticism. We still established diplomatic relations with China. Malta joined The European Union, which joined the European Union last year and became the rotating presidency; we also use the euro, which is also a member of the deep-rooted. Malta has already hosted a government summit, so we are very interested in globalization and integration in Malta. Although we are small, we cooperate with other countries, so it is not surprising that we are also a number in Malta. Leaders, we have promoted blockchain regulations.
Last month we held a seminar on the blockchain, invited some of the world's leading experts, many experts from China, we will continue to work on this, whether it is blockchain or digital currency or artificial intelligence, because we recognize Integrating globalization is a long-term trend. We have a long-term view on history. We should oppose global fragmentation. We should oppose the fragmentation caused by trade wars. The WTO is a long-term effort. China and the United States are competing, the United Kingdom. They are also leaving the country, they want to withdraw, this is not a good trend from the world integration, this is a retrogressive trend, so in the digital economy, we are looking for a better way to achieve integration, and can better carry out with other countries in the world. Integration, we can see that Malta embraces the digital economy.
Host: We can see that they are also very active. We will discuss it later on the blockchain. Next, I am asking, I have a data here. There is no doubt that China is now a global leader in the digital economy. McKinsey has researched it. China is now the leader of the global economy with one third unicorn companies, so it has great potential in the digital economy era. You see China in the development stage of the digital economy. What challenges do we have to face and solve? Which teacher answers first?
Yan Zhijie: I am very happy to attend such a meeting today.
Host: Thank you very much, Mr. Yan, for sharing your insights on the digital economy and the blockchain.
Yan Zhijie: Let's talk about one point in two minutes, which is related to the first discussion. The issue now being discussed is the global sharing of the digital economy era. This issue is very meaningful, because just a few guests have talked about it. In the past hundreds of years, we have experienced several major industrial revolutions, from the beginning of the steam era. In the later era of electrical appliances, to the era of computers, and to the era of artificial intelligence that humans are talking about now, I would like to say that all these industrial revolutions are the first to take place in countries with developed market economies. At the same time, there is another characteristic. As the industrial revolution continues to advance and the scope of the market economy, its degree of development is expanding and maturing. So, until now, the fourth industrial revolution that we are experiencing is the era of artificial intelligence, big data, and the Internet. It is the era of market economy or the conditions for its market economy. It is unprecedented, and it was born out of the conditions of globalization marketization. Therefore, he also needs the development and support of economic globalization. It is in this situation that China has begun to have a say in the middle of the fourth industrial revolution.
According to such a basic view, I believe that the development policy adopted by China is in line with a basic requirement, that is, it firmly advocates multilateralism and free trade, and that is, it must adhere to the direction of the global economy and globalization. In contrast, I have a little thought about Mr. Trump’s administration in the United States. If you don’t say anything else, there may be many ideas for the United States that are reasonable and understandable, but one thing that can be raised. It is unwise for some of his current practices or basic practices not to conform to globalization, not to comply with the needs of the market economy, but to strive to cut off the essential requirements of the market economy and to block the inevitable trends and demands of globalization. These are the requirements of the essence of the market economy. This has been the case for hundreds of years. To this point, at the higher level, it is unwise to ask for it in a world where it is necessary to stop it.
On the contrary, we are now China's second largest economy, but our technology entities, on some major science and technology projects; we can't say that we are in an advanced position and leading position. The United States is in a leading position. Who can stick to the economy? In the direction of globalization, whose seats can better meet the market essential requirements, who may continue or be at the forefront in the future? China is now taking a series of measures. I think that from this point of view, it is completely up to the point. I agree very much. For example, private enterprises in our country have made significant contributions, but in the past few years, our private enterprises have encountered many difficulties. It is against this background that our central government has vigorously promoted the development of the private economy, which is not only for the domestic The problem is aimed at the situation around the world and an important condition for us to properly handle Sino-US relations, that is, to develop the main force of our market development, especially the private economy. I feel that in the face of such a new prospect, a brand new China, a think tank of the United States or a US political politician, I advise them to consider their fate and future from the perspective of the past. Anyway, I am very much in favor and support in China. It is always moving in the direction of marketization.
Such a technological development of the blockchain itself is a product of the development of the market economy to a certain extent, and there is no technology in the market economy where there is no possibility of a blockchain. On the other hand, the development of the market requires us to make certain breakthroughs in the form of currency in terms of communication, and break through various restrictions. The core problem is to decentralize. Decentralization does not mean that there is no center in removing the centralization of the government. But to form a consensus, all participants agree with that standard, the emergence of blockchain must be an inevitable outcome of further deepening under the ideological and economic conditions, I believe that for blockchain technology, with its Maturity will further promote the maturity of the market economy. Of course, the blockchain technology should also be properly supervised, so that this technology is beneficial to the people, beneficial to the economy, and beneficial to the direction of social development, avoiding the abuse of blocks. Chain technology, the abuse of digital currency, undermined the proper economic order. Therefore, we still have a confidence in the blockchain technology to embrace it and support it. At the same time, I also agree that our government will properly supervise it based on the development of the blockchain and China's development stage in the early stage, while supporting a large amount of support. My speech is over.
Host: Thank you teacher for sharing the blockchain. We will then ask Mr. Zou to answer the questions about China's challenges in the digital economy era. We need to actively face and solve them.
Zou Pingzuo: I am going to say three sentences. The first sentence is the issue of Sino-US trade war. I think the Chinese must first reflect on themselves. Everyone knows the problems of China. System problems, supervision of any problems, we are today. It has indeed formed a lot. If you don't reflect, there will be no progress. Don't always point to others. You have done a good job without fighting. This is a feeling I have today.
The second teacher in front talked about the scientific and technological revolution. I think it is very good. The scientific and technological revolution not only promotes globalization but also becomes an inevitable trend of the world. It will promote a profound value revolution and profound social revolution and social transformation. It is not the slave society that happened in the past to capitalism. The contradiction between man and nature creates the main contradiction of society. In this aspect, we will not bear all kinds of disputes. The human name community must live, live long and live long. In the past, these historical things must be seriously considered. China must break through. To solve these problems, we must make breakthroughs in higher thinking and higher wisdom. Do not blame others.
The third is the digital economy. The digital economy today calls for the development of the digital economy by our Party Central Committee. I think it is a big change in the central government. One is China's good sign. I can feel that China may be the future. We have major specialties in all aspects. Because of the technological revolution, the digital economy determines not only the financial aspect, but also the economic aspect. He will be in the Chinese government. At the level, the macro-decision department, and even the economic foundation have undergone fundamental changes. This kind of change will also be an important change in the choice of the superstructure of our superstructure. I think this is also something we should consider.
The biggest difference between the digital economy and the commodity economy, from the era of commodity economy to the era of digital economy, the biggest difference is the blockchain. The blockchain enables us to manage the basic tools and encrypt distributed accounts. This is the blockchain. This is the meaning of digital technology. Therefore, like our past accounting system, blockchain technology is a distributed cost-sharing system, value management system, wealth revenue system, and digital economy has changed the value law. In the past, we said that “things are rare”, and now the data are very expensive. For example, sharing, we talk about sharing the spirit today, why Fan Bingbing can take so much money, because she shares a lot, more than one billion people watch her movie. In the third era of digital economy, the management style has changed significantly. The equity has tied our employees and our customers. The shareholding economy has been capital-based in the past. Therefore, the change of the system is an important representative of the digital age. .
Fourth, let me talk about the future. Just as we said that the scientific and technological revolution will promote the value revolution, the past planar value has become three-dimensional diversification, and the law of economic growth has changed, so our economic base will change, our economy Forms and forms of value change, so changes in these economic bases will undoubtedly drive social change. The future of globalization cannot be shaken is the direction of world development. The change of history is not for anyone. The role of the scientific and technological revolution is in this place. We are happy to see that the Chinese government has promoted the technological revolution, promoted the big data economy, and established the digital world. So in the future, I will talk so much about a science society from 2018.
Host: Thank you Mr. Zou. Mr. Li.
Li Ming: I will share with you from a technical point of view. Originally, I was engaged in big data, and I did the blockchain two years ago. When I do something, I must think about the most basic concepts. I don't know if I have studied the data, including what is the number and what is the basis. My height is my weight, is it me? It is not me, it is a data that describes me. Data is actually a description of nature. The transformation from the traditional industrial economy to the digital solution is actually the process of transforming the physical world into the digital world. The core of this is data, but whether the data is natural or us. found? It is the trajectory of our actions a hundred years ago or a thousand years ago. This data exists. We have found a technical device, we can find that using this data, but does not mean that there is no such data a thousand years ago, so the most critical data in this data is this technical device.
What is a technical device? Our bracelets, heart watches, all measuring all the data is our device to maximize the value of the data. Later, we built an information system. We can find that the workflow is established and the value of the software is discovered. When we all find out that the data is the core value after accumulating, what is different from the traditional industrial society? If you run out of power, there is no data. Can be reused, and there is a lot of room for value. What do you mean? My name + height and weight is a value, plus something else has another meaning, which is why the country is vigorously developing the digital economy. The business model based on the transaction or exchange of data itself is unsuccessful. The success is based on data success services. For example, our shared unit, face book, including Google, Ant Financial Service is a data-based service that will create More updated value. We have a lot of Chinese people, so the amount of data is very large.
We saw that the digital economy ranked second in the world last year. In response to the question of Host, what risks does it have? The first one is security. All of them include security issues from hardware to software to data. The second is privacy. My height and weight should not be known to everyone. This is everyone's concern. There is another issue that everyone has no concern about, that is, the issue of data dictatorship. We can judge the behavior of the next stage through the behavior of the person in the previous stage. If the result of the judgment implements a kind of pressure or action, it may violate the development process of the person, which is equivalent to using the previous data to you. Judging the behavior of the future, this is a tendency of data dictatorship, so there will be a lot of risks in the development of data here, and I hope that everyone can think more from the perspective of data essence or standardization or engineering, from data economy to data technology. In itself. thank you all!
Yu Jianing: I want to talk about it in three aspects. The first digital economy has two levels, the first digital industrialization and the second industrial digitalization. We have seen that the development at the first level today is really good, including the talk about sharing bicycles, ant gold clothes, etc., a series of digital-driven new industries and new business forms, and become China's business cards. But another point, the digitization of this industry is the main battlefield for the development of the digital economy. This aspect is indeed something we can feel, and even some are backward. Our past figures determine that we have borders, a management boundary, we are now Regardless of large enterprises and small businesses, they all have their own ERP systems and even mobile office, but he is only limited to the internal enterprises. The cooperation between enterprises is still very backward, very slow, and it is reconciled at the end of the year. In a series of disputes, this account is often difficult to be flat. Because in the collaborative environment, many of them collaborate through some mailing and publishing, paper system contracts, etc., a large amount of information exists in WeChat and QQ. The recent communication speed is extremely low, and the information accuracy is relatively poor. Now we want to break through the digital industrialization. It is necessary to solve the industrial cooperation digitally. Now, to solve this problem, only the blockchain can solve it.
The second one said that our digital industrialization is developing very well, but there are also some data promotion and data dictatorship. We see large platforms and big companies, and find all kinds of data, such as what we talk about in a chat. I will recommend this thing when I pop up an advertisement. It may be to push the artificial intelligence in the background to analyze your needs. This is a violation of my privacy, and I allow you to use this data? nor. Data industrialization and data privacy protection form a contradiction, indicating that our current technical means and the entire data model have not supported a good data ecology. How can we solve it now? Only the blockchain can be solved. Realizing the chain of data to ensure the right, the chain of authorization, truly make the data privacy protection, data authorization and data industrialization can achieve a balance. Therefore, I think that the development of the digital economy is inseparable from the blockchain, and the blockchain is a key link for digital development.
Host: Today everyone is very enthusiastic about the blockchain. I would like to ask a few questions about the blockchain. First of all, please ask Mr. Zou, because you are working in the central bank all the year round. The central bank is for many of us. A relatively mysterious institution, but we also know that the central bank's blockchain layout is very early. For example, in 2017, the central bank's blockchain global patents reached 68, which is the highest in the world. This is also very proud for us Chinese. of. I would like to ask some of the layout of the central bank blockchain.
Zou Pingzuo: We are very interested in the application of blockchain technology in the financial sector. In particular, we have recently used blockchain technology for research on the digitalization of RMB. Some of our clearing systems have begun to implement blockchain technology, not in theory. Or verbally, in the future, our digital currency is still in the renminbi. It is a requirement for the precision and efficiency of the digitization of the renminbi. It is not a digital currency. Nowadays, the bitcoin in the West cannot be said to be a digital asset. In the future, digital assets will become a commodity, a normal commodity, and various digital assets will compete in the future. When we exchanged money in the early days, we invented general equivalents, then produced gold, produced banknotes, and eventually locked in a future. Digital assets as the world's currency, that is, the value of human value as a digital asset of the operating system, because of what? Value is the value of human beings. All values also include our labor is actually value flow, and our capital is the value stock. Marx took the difficulty of this labor value, how to make the value of labor, but he could not get it. At that time, this big data and blockchain technology did not, and it was not good to manage people's value, so he got a social labor practice. At present, it is fundamentally that value theory does not recognize that people's values are different. This is an important industry, and there are several kinds of Stand out as a currency, reduce our overall distribution costs, improve security, and improve efficiency.
Host: I still have a problem, because I am jointly involved in a blockchain media, we have always insisted on promoting the potential of joint international forces to spread blockchain technology in China, and we are here to work with some of the industry. Let's explore the possibility of blockchain and the application of various industries. Therefore, I have some doubts in the process of doing this. I believe that everyone in the room actually has a feeling. Now there are some difficulties in the blockchain. I interviewed a lot of different blockchain in the interview, such as blockchain + insurance, + supply chain, if these changes will bring some changes, but I also come into contact with some projects, such as blockchain + face value , blockchain + hot pot, we have to go back to a source to see what you think is suitable for the blockchain.
Yu Jianing: I think several features, the first one is collaboration, and blockchain is a tool to solve big problems, not a tool for small problems. For example, if you want to eat a hot pot, you should use a blockchain. For example, if you want to organize a hot pot or a blockchain, it has a complicated collaborative relationship. The second point is that there must be some real and valuable assets behind him, because the so-called blockchain provides a very important direction to realize the so-called asset digitization, but if the air is digitized, it is still air, and the air essence cannot be changed. Dimensions can really help assets to flow better, help to achieve better value, and help assets to exert their intrinsic influence to a wider extent, but it is impossible to turn this air into gold. Just as water can't turn into oil, the blockchain is now basically a detachment.
Now that the air is being washed, blockchain 2.0 has ended. We have seen a lot of good beings appearing constantly, the blockchain knowledge are widely popularized, and the blockchain knowledge is greatly improved, but unfortunately it is not really connected with the industry. When he gets more air into an asset, he will eventually return to the air, and he does not connect with human society. It seems to go directly to Mars to establish a market, so I think the blockchain 2.0 era is likely to have ended, but it also indicates that blockchain 3.0, the era of industrial blockchain, the era of truly valuable digital assets is coming, including the recent implementation of STO in the United States, and the United States has re-regulated. Although there is no new content, it has been re-established. The future era will be an era of healthy development, and STO is very worthy of attention.
Host: Thank you, the teacher gave us a very warm booster.
Li Ming: I just said that I don't want to demonize. I don't think it should be deepened. What is the blockchain? We have a certain conclusion at this stage. For example, he is born with such financial attributes. These may be derived from his financial attributes. From a perspective of ours, we pay more attention to its technological properties. Its technological properties still have a lot to be solved, such as efficiency issues, storage issues, and even now everyone is building their own Chain, in fact, if we follow the idea of our data islands, we are now building an island. We need to fill in a pit. Now the blockchain cannot be used alone, and must be integrated with information technology.
Blockchain and artificial intelligence, big data and other technologies are actually a technical device to maximize the value of data. Cloud computing is the bearer, big data is used for analysis, AI is used, blockchain is the guarantee mechanism, and ultimately they the purpose and intent is to maximize the value of the data. Of course, from the technical attribute is not a financial attribute, from this perspective, the blockchain and other modern technologies of AI form a new technical system, whether the new technology system can be combined with quantum computing and bioengineering in the future. From this point of view, in the development of large systems, the blockchain is only a technical component, completing his process of distributing data, such a sub-package encryption algorithm, etc., excluding tokens, we come from these aspects. Knowing the blockchain, you can know that it is not a panacea. Don't think of a thing to mention the blockchain. In fact, he is a technology, except in the direction of demonization; the other one is too deep.
Host: What do you think is the problem with the blockchain?
Zou Pingzuo: There must be some ups and downs in the blockchain application, but he will definitely solve the problem that we can't solve in the past. I just said that the gap between the commodity economy and the digital economy is the beginning of the blockchain. There is no blockchain digital economy. Difficult to do, because his meaning is not bitcoin, why he was eventually recognized globally because he established the security and personality of digital assets, and secondly the management of its value, such as the brand value we talk about today, Brand value is intangible assets. Everyone has a brand. Every product has a brand. If it is made concrete, valued, tradable, manageable, it can be a value that becomes its own wealth. This is the application of the blockchain in the brand. Today, they said that the D-BANK system is very good. I think that the research abroad is still relatively good. The best speech today is what the little girl said. She told the real thing about the blockchain. However, our Chinese researchers have also made a lot of efforts. We have a lot of achievements and will happen in the future. I say that the development of everything must have a good side and a bad side.
Host: Thank you Mr. Zou for sharing.
Yan Zhijie: The blockchain itself is used for the Internet to communicate with the modern, to achieve a value measurement and exchange. The results of the exchange should pursue at least two purposes. From an economic point of view, the first is to improve efficiency; the second is to reduce costs, and then where to use such a good thing? Of course, it must be used in all aspects of the social economy, first of all, production, then consumption and distribution, and other areas, then with such a requirement in a relatively large scope, a larger collection of economies, use this A variety of techniques are better. Small-scale individual scope, personal behavior is not used, so in the process of engaging in the blockchain, we still have to constantly understand and grasp the nature of the blockchain and its original role, do not think about it, just a few Experts say that it is a new technology, a technology born in the Internet era, and a new technology that has made breakthroughs in certain problems should pursue an economic rationality.
I believe that in this economic practice, as the experts just said, there will be new technologies that can stand the test of life in the process of continuous elimination. This day will always come, and there are some other things that should not exist in the middle. Phenomenon, it is precisely this that requires our government departments to carry out responsible and scientific and effective management, so that this blockchain technology can develop normally. Actually, we can see which countries have deeper ideological and economic development in the world. It is relatively mature. Generally speaking, blockchain technology is more welcome. In this case, the abuse of blockchain is also less, and it is easy to suppress. We are now easy to appear at this stage of the country, because our regulatory authorities are not very home. At the beginning, our relevant departments did not recognize this thing and refused. Later, we found that we should face it, study it, and later discover that we must continue to study it. It also has to be supervised. This is our country's planned economy, and now it is gradually specializing in the market economy. As the market economy matures, the attitude towards blockchain technology is more and more suitable, so move forward, the actual block the future of the chain in China is in sync with the progress of our reform and opening up.