Since being promoted as a strategic technology in 2019, blockchain has gained increasing attention.
At the high-level meeting held in October, blockchain was "named" again as one of the key technologies of trust infrastructure and new infrastructure for the development of the digital economy. The top level emphasized that in recent years, technologies such as the Internet, big data, cloud computing, artificial intelligence, and blockchain have accelerated innovation and are increasingly integrated into the whole process of economic and social development. The speed of digital economy development, the wide range of radiation, and the depth of influence are unprecedented. It is becoming a key force for restructuring global factor resources, reshaping the global economic structure, and changing the global competition landscape.
It is not difficult to imagine that the integrated application of blockchain technology will play an important role in the process of digital industrialization and industrial digitalization, and make outstanding contributions in promoting the deep integration of digital technology and the real economy and empowering the transformation and upgrading of traditional industries.
However, as an emerging technology, the implementation of blockchain is still being explored. It is gratifying that a variety of models such as blockchain +, blockchain + government affairs, and blockchain + industry have been born, especially the "dual-chain integration" model of Lenovo’s "blockchain + supply chain", which has opened up a new world of blockchain to help the development of the industry.
Bitcoin is just the beginning, blockchain has become the star of today
Regarding the blockchain, people’s first reaction is bitcoin and mining. The reason why this is so is because the underlying technology of bitcoin is blockchain. It can also be said that bitcoin is a more mature product for the current blockchain implementation, and due to the trend of "speculation in bitcoin", people have deepened their understanding of the bundling of the two.
However, because virtual goods such as bits are easily used for trading, money laundering, and also consume a lot of precious resources for "mining", they have been included in the obsolete industry in China.
In September this year, the People’s Bank of China and other departments issued new regulations to rectify "virtual hype", specifying that virtual goods-related businesses are "activities". At the same time, 11 other departments jointly issued a document, clearly stating that they should strengthen the supervision of the entire industrial chain upstream and downstream of virtual "mining" activities, strictly prohibit new virtual "mining" projects, and accelerate the orderly withdrawal of existing projects.
With the bit falling into the situation of everyone shouting, the first application of blockchain failed, but its advantages such as point-to-point transmission and distributed data storage have been recognized by the whole society, and as a result, blockchain technology has begun to achieve diversification in the fields of government affairs and other fields, becoming the star of today’s information technology.
In the field, blockchain is being widely used by institutions with banks as the main force. For example, China Construction Bank has empowered 12 business areas including trade finance, cross-border transfer, and smart delivery with the help of blockchain technology, and has landed more than 30 application scenarios; Zhejiang Bank has independently developed cross-chain and other basic functions and fast-chain BaaS platforms, and released a variety of "blockchain + supply chain products".
In the field of government affairs, blockchain has been applied in data sharing, electronic certificates, electronic bills, digital identities, etc. For example, blockchain electronic certificates are entering the pilot stage, and Beijing Dongcheng District has established a pilot area; the "provident fund data sharing platform" developed by the Ministry of Housing and Urban-Rural Development has connected 500 urban provident fund centers across the country, and there are more than 50 million business data on the chain for consensus every day, realizing cross-city provident fund data sharing.
In empowering the real economy, including smart energy, culture and art, medical and other fields, many listed companies have successively implemented blockchain technology. For example, Soyun Technology’s integrated digital artwork (IDA) solution uses blockchain technology to implement the separation of physical and digital ownership certificates of artworks, and solves the problems of art flow and storage, and authentication; Bright Food launched the BrightCode commodity confidence index platform based on the Weichain blockchain to monitor and track the data of the whole process of goods to ensure that consumers get high-quality fresh products…
According to the released data, as of now, five batches of a total of 1,238 blockchain information services have been filed, including listed companies, scientific research institutions, and blockchain start-up companies.
Deeply empowering the real economy, Lenovo’s dual-chain integration model becomes a benchmark
It can be seen that the blockchain has become a blooming state, but in terms of deeply empowering the real economy, although the industry is also exploring, it is full of difficulties.
On the one hand, due to the lack of information sharing and participation of upstream and downstream enterprises empowered by blockchain, it is easy to form "digital islands", resulting in information barriers. On the other hand, due to the lack of mature Internet of Things supporting technology and equipment support, it is difficult to achieve physical "on-chain". In addition, policy uncertainty, lack of blockchain-related talents, and insufficient underlying technology have also produced considerable resistance.
The key to breaking the situation is to coordinate technology research and development with industrial landing. At present, Lenovo Group’s "double-chain integration" model is a relatively successful case.
As a leading ICT technology manufacturing enterprise with more than 180 operations worldwide, Lenovo Group has built a globally shared supply chain platform, which is connected to various regions including Asia Pacific, EMEA, Latin America, and different types of customer groups. It includes a full range of products such as personal computers and smart devices, mobile devices, and data center equipment. It has opened up data links for R & D, procurement, production, sales, and service, and realized global procurement, global manufacturing, and global logistics.
The world’s leading supply chain system has laid the foundation for solving the problem of information barriers, and the identity of the ICT giant has provided technical and equipment support for solving the problem of physical chain. Coupled with leading scientific and technological research and development capabilities, Lenovo’s blockchain strategy has emerged.
In 2016, Lenovo Group launched the self-research work of the blockchain platform in a timely manner, and proposed to create a "double-chain integration" model between the blockchain and the supply chain, deeply integrating the existing information management platform (ERP, CRM, SCM, WMS, etc.) of the enterprise, building a trusted supply chain information sharing channel on the basis of the original informatization, realizing the trusted link and data sharing between Lenovo and upstream and downstream suppliers, distributors, foundries, and institutions, enhancing the transparency of the overall process, realizing the automation of business processes, and improving operational efficiency.
In 2018, Lenovo Group deepened its blockchain strategy and established a blockchain innovation team, Lechain. The team sorted out 35 scenarios and promoted the project’s production and launch with blockchain solutions. In the process, it successively completed the procurement and sales coordination (b/S), asset tracking (AT & T), and trusted supply chain management (TYS) in the supply chain field, and launched the supply chain (Supply Chain Finance). It built a four-element collaborative layout of entity collaboration, relationship collaboration, material/material collaboration, and financial/gold collaboration, achieving comprehensive coverage of supply chain blockchain in entity management, physical management, relationship management, and financial management.
At present, Lenovo Group has made great efforts to build Lenovo blockchain supply chain platform, which can realize the whole life cycle management, traceability, and on-chain certificate of digital assets through key data on-chain storage; realize the formation of reliable and shared data for the upstream and downstream of the supply chain. Collaborative business ecosystem closed loop; open up the ERP, TMS and other operational data of core enterprises, and cross-verify the data on the blockchain to realize intelligent risk control; based on the immutable certificate data of the blockchain, help to realize the security and trusted supervision of the supply chain business, and empower the cooperation and business development of core enterprises and upstream and downstream enterprises on the supply chain platform.
The improved system and outstanding capabilities have made Lenovo’s "double chain model" widely recognized. In 2020, Lenovo’s approach to strengthening supply chain technology and model innovation was included as one of 12 typical experiences by 8 departments and promoted to the whole country, and was subsequently awarded the "double chain award" for blockchain application by the China Federation of Logistics and Purchasing. At the 4th China Industrial Blockchain Summit in 2021, Lenovo Group was shortlisted for the top 50 industrial blockchains in China with its deep integration of double chains. In the exploration of blockchain empowering the real economy, Lenovo’s plan is worth referring to.
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