CAICT Released the White Paper on Blockchain (2020)

[ChainDD report] December 22 (ChainDD) The "2020 Trusted Blockchain Summit", co-hosted by China Academy of Information and Communications Technology (CAICT), China Association for Standardization of Communications and Trusted Blockchain Promotion Plan, was held in Beijing today.

At the meeting, the Internet Society of China Working Committee on the Application of Blockchain Technology officially announced its establishment and released the White Paper on Blockchain (2020).

The white paper introduces the development status of blockchain at home and abroad, analyzes the existing problems and the developing trend of the current blockchain technology and industrial development, and puts forward counter measures and suggestions to promote the development of blockchain.

Denian Shi, deputy chief engineer of CAICT, introduced at the meeting that the development of the global blockchain industry has cooled down in 2019 and 2020, and the investment and financing amount of the industry has declined. From 2013 to September 2020, the number of patent applications for blockchain inventions worldwide reached 35,000.

In addition, the number of blockchain policies issued by China in the first half of 2020 has increased significantly, which is more than the total number of policies issued in the previous year.

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