SHENZHEN, Dec. 27, 2024 /PRNewswire/ -- On December 24, the "2024 Industrial Blockchain Achievements Release and FISCO BCOS Open Source Seventh Anniversary Ecosystem Conference", a special event of the Shenzhen International Financial Technology Festival, was officially held under the guidance of the Shenzhen Local Financial Administration Bureau and hosted by WeBank and Shenzhen Financial Blockchain Development Promotion Association (hereinafter referred to as "Golden Chain Alliance"). The conference was themed "New 'Chain' Feelings of Digital Economy" and brought together a series of innovative achievements in "Blockchain × Data Elements" and "Blockchain × Web3.0".
FISCO BCOS is a domestic blockchain underlying open source platform developed by WeBank, which has both financial-grade high performance and openness. At the conference, FISCO BCOS's new Chinese brand name "Feisuo Chain" was officially launched, hoping that FISCO BCOS will be like the "flying shuttle" in the digital age to promote industrial innovation and weave a star-studded ecosystem.
WeBank creates an active domestic open source alliance chain ecosystem
Blockchain becomes standard, and the industry presents five major development trends
The conference released the 2024 FISCO BCOS Industry Application Development Report, which selected more than 250 representative cases from more than 500 benchmark cases, bringing a complete blockchain application landscape to the industry.
The report summarizes the five major development trends of the industry, pointing out that blockchain is accelerating its integration with different cutting-edge technologies such as AI and privacy computing, and has become a standard technology at the bottom of the digital economy. The five major development trends are as follows: in terms of market structure, the blockchain industry is moving towards maturity and rationality, market participants are ushering in stratification and integration, and concentration is increasing; in terms of policy, the government continues to encourage blockchain to play a key role in data circulation and industrial digitalization; in terms of technology, blockchain technology is constantly upgraded to better adapt to financial-level, localized, and open requirements; in terms of standards, the continuous iteration of technology promotes the improvement of the standard system, and China's international voice and rule-making power in the blockchain field are accelerating; in terms of industrial applications, blockchain continues to deepen its application in digital infrastructure and green development, and continues to make new breakthroughs in data value release and technology integration applications.
Open source has achieved fruitful results, and five major products have been launched for the first time with application results
Data shows that after seven years of development, FISCO BCOS has achieved outstanding open source results: the single-chain TPS has exceeded 200,000, and the key indicators of the open source warehouse have remained the first among domestic open source blockchain projects; it has brought together more than 5,000 institutions and more than 100,000 individuals to jointly build and govern, and has developed 60 certified partners, more than 500 core contributors, and 85 certified MVPs, continuing to serve as the largest and most active open source alliance chain ecosystem.
Thanks to its high financial-grade performance and active open ecosystem, FISCO BCOS is widely used in various key areas such as government affairs, finance, education, and public welfare. At this conference, five major product solutions representing different fields were upgraded and unveiled, and the latest application results were disclosed.
Wang Gang, a member of the Ministry of Education's Trusted Education Digital Identity Standard Working Group, announced the construction results of the national industry infrastructure "Education Identity Chain" at the meeting. The Education Identity Chain uses FISCO BCOS as the trusted underlying layer to create an "on-chain identity card package", which safely carries and reliably transfers student ID cards, transcripts, digital certificates and other education-related data on the node, greatly facilitating information sharing and identity verification for students across schools, regions and institutions. It has been successfully piloted in Guangdong Provincial Department of Education, Beijing Normal University and other institutions.
iFLYTEK is deeply involved in the co-construction of FISCO BCOS and promotes the application of FISCO BCOS in the Anhui Provincial Government Blockchain Project. According to Ren Yuan, Director of iFLYTEK's Blockchain Product Line, the Anhui Provincial Government Blockchain Project has put nearly 7,000 pieces of authorization data from multiple locations on the chain in government service scenarios, and more than 14 million Anhui Government Electronic Card Package display records on the chain in electronic certificate scenarios.
In terms of releasing the value of data elements, in recent years, WeBank has created a one-stop solution for the data element market, "Blockchain integrated with privacy computing to facilitate the trusted circulation of data value", and launched the WeDPR privacy computing platform to help all parties to collaboratively build a secret computing network and a trusted data open ecosystem. At the meeting, the new generation of WeDPR was officially released and announced to be fully open source. The "Tianfu Data Network", the Sichuan Province data element circulation infrastructure supported by it, also officially released privacy computing capabilities. In the future, through the regional trusted data space, it will help all parties in the ecosystem to achieve the original data not leaving the domain, data available but invisible, controllable and measurable.
As the vitality of digital economic development continues to be released, data resources have gradually become an important part of the core competitiveness of enterprises, and the attention of all parties in the market to the inclusion of enterprise data assets in the balance sheet has continued to rise. At the meeting, the research report "New Pine Trees Wish They Could Be Thousands of Feet High, Shallow Grass Could Cover Horse Hoofs - Data Assets in the Balance Sheet from the Perspective of the Banking Industry" was officially released. It is worth mentioning that in May this year, under the guidance of the Guangzhou Municipal Government Services and Data Management Bureau, GDY UnionPay and Nansha Commerce Bureau jointly created a cross-border data product, successfully landed the first cross-border data asset inclusion project in Guangzhou, and effectively verified the economic value of data assets in cross-border trade. Behind the project, the cross-border trade big data base "Trade Chain Zhizong" built on the shuttle chain plays a basic supporting role. At present, Trade Chain Zhizong has completed a new upgrade, serving more than 20 cross-border trade whitelist enterprises and banks, and completing a trade volume of more than US$4 billion.
International development strategy disclosed for the first time to boost the development of Web3.0
At present, countries are accelerating the development of digital economy and regard Web3.0 as an important force to promote economic development. At the same time, many mainland enterprises are accelerating their "going out" to seek development increments to achieve the diversification of business structure and income structure. According to the "2023-2024 China Web3.0 Innovation Application Development Report" released by CCID Blockchain Research Institute at the meeting, Web3.0 has officially become a key core technology to promote the innovation and development of China's future industries. Policies, standards, technologies, applications and other aspects are accelerating evolution, but in the future, it is still necessary to coordinate the construction of new infrastructure supporting Web3.0, and enhance the interoperability and synergy of the entire Web3.0 ecosystem, and promote the integration of Web3.0 with the real economy and social operations.
To promote the sustainable development of Web3.0, the international development strategy of FISCO BCOS was publicly disclosed for the first time at the meeting. Zhang Kaixiang, leader of the Golden Chain Alliance Open Source Working Group, said: "In the next two to three years, it will be a historic window of opportunity for countries and regions that jointly build the ' Belt and Road ' to achieve industrial digital development. FISCO BCOS will accelerate its global development and help ecological partners participate in the global digital transformation and upgrading process." At present, FISCO BCOS is fully compatible with mainstream software and hardware platforms at home and abroad, and has actively adapted to a variety of mainstream Web3.0 tools, which can flexibly adapt to the technical requirements of different regions.
In the future, FISCO BCOS will use Hong Kong as a bridgehead and work with ecological partners to create an open source version that meets the development needs of Hong Kong's Web3.0. On the premise of meeting compliance requirements, it will proactively explore "3V benchmark applications" for Verifiable Data, Valuable RWA, and Virtual Asset scenarios to help build Hong Kong's Web3.0 ecosystem.
