Blockchain Technology Innovation Forum Held in Chengdu

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CHENGDU, China, November 23, 2022 /PRNewswire/ — A forum focused on innovation and development of blockchain technology was held in Chengduthe capital of from southwest China Sichuan province, the 21 November.

The Blockchain Technology Innovation and Development Forum, sponsored by the Chengdu Municipal Government, was a key part of the 2022 Chengdu Global Innovation and Entrepreneurship Expo and the second International Innovative Application Expo of the Blockchain. It has attracted academics, expertsacademics and industry practitioners to share their ideas and latest practices on the future development of blockchain technology.

Jiang Changjun, academician of the Chinese Academy of Engineering, said the construction of new infrastructure and artificial intelligence infrastructure should be accelerated to promote the development of digital economy.

Li Jie, director of the blockchain research center at Shanghai Jiao Tong University, believes that blockchain has caused a credit revolution. He said the combination of big data and blockchain technology will enable the high-quality development of the digital economy.

Zhang Xiaosong, a professor at the University of Electronic Science and Technology of China, said blockchain technology will deepen the integration of digital technology and the real economy. It will play an increasingly important role in reducing the cost of the real economy, improving the efficiency of industrial chain coordination, and building an honest industrial environment.

The Blockchain Branch of the China Institute of Electronics, with five partners, signed a cooperation agreement to jointly build a technical personnel training base focusing on blockchain technology in Chengdu. This will allow Chengdu to stimulate the construction of a comprehensive national pilot city for blockchain innovation and application.

A technical standard named Blockchain, smart contract, formal design and verification method (T/CIE130-2022)proposed by the Blockchain Branch of China Institute of Electronics and developed by Beihang University, was also released at the forum.

Hu Kaiprofessor at Beihang University, said the establishment of the standard aims to make the process of designing and verifying smart contracts based on blockchain technology more standardized, convenient and operational.

Statistics show that by the end of 2021, the number of blockchain-related businesses in China had exceeded 121,000, of whom nearly 8,000 were based in the ChengduChongqing Region. That is why a technical requirements guide for the blockchain industry for this region has been published.

Additionally, to help lay a solid foundation for blockchain security, the Blockchain Security and Application Alliance was created at the forum.

Chengdu Municipal Government

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