Under the “new infrastructure” strategy, blockchain technology needs to be independent and controllable. (1) As a new infrastructure, blockchain can be widely used in multiple vertical application scenarios. Since 2020, national policies have attached great importance to the role of emerging infrastructure represented by blockchain in new technological innovation and industrial transformation; (2) In the context of Xinchuang, the independent and controllable strategy of blockchain is of great significance. Due to the consideration of security dimension and the influence of the information innovation background of China’s information industry, localization on the chain has become a high probability direction for the government to invest in the new infrastructure of blockchain.
Self built hardware node – spark chain network. (1) Spark chain network is built through the two-layer architecture of super node and backbone node, in which the super node is in the first layer. On September 16, 2020, the first super node of spark chain network was officially signed and landed in Liangjiang New Area of Chongqing. (2) The backbone node of spark chain network is a key role in anchoring and docking the super node main chain and industry / regional chain in the two-tier architecture of spark chain network. At present, the principle and development mode of “open ecological construction” led by industrial forces are adopted. (3) Spark chain network has realized cross chain access to Ethereum ropsten test network. The main chain of spark chain network can conduct cross chain interworking with Ethereum test network, which technically verifies the feasibility of the self-designed cross chain system.
Open source underlying software – Changan chain chainmaker. (1) Chang’an chain is an open-source underlying software platform for blockchain, including the core framework of blockchain, rich component library and tool set. It is committed to efficiently and accurately solving the implementation needs of differentiated blockchain for users, building a new digital infrastructure with high performance, high reliability and high security. At the same time, it is also the first independently controllable blockchain software and hardware technology system in China. (2) Chang’an chain is mainly used in supply chain finance, carbon trading and cold chain traceability.
Reuse the existing cloud resources and data center – blockchain service network BSN. (1) Government led blockchain service ecology. BSN is jointly initiated by national institutions (Smart City Development Research Center of National Information Center), communication industry (China Mobile Design Institute Co., Ltd., government enterprise customer branch of China Mobile Communication Co., Ltd.), financial industry (China UnionPay Co., Ltd., China Mobile Financial Technology Co., Ltd.) and software industry (Beijing Hongzao Technology Co., Ltd.). (2) The main products of BSN include BSN public network, BSN private network, BSN enabling platform and BSN ecology. Among them, BSN public network can provide multi underlying framework support and multi cloud service support.
Investment proposal and investment object
As a part of the new infrastructure, the blockchain will increase the government’s investment in infrastructure construction in the early stage of development. The construction of spark chain network adopts the two-tier structure of “super node backbone node”. The construction of super node and backbone node is generally initiated by local governments in conjunction with ICT Institute, and bidding is conducted to enterprises with blockchain technology and project experience, which provides revenue opportunities for blockchain technology integrators and software suppliers. In addition, the three operators have been connected to the BSN network to carry out BSN related services. It is recommended to pay attention to domestic hardware equipment suppliers Dawning Information Industry Co.Ltd(603019) (603019, buy); China Mobile (600941, not rated), China Telecom Corporation Limited(601728) (601728, not rated), China United Network Communications Limited(600050) (600050, not rated), the operators participating in the super node and the blockchain service network BSN; Integrators and technology suppliers for backbone node construction Inspur Electronic Information Industry Co.Ltd(000977) (000977, not rated), Neusoft Corporation(600718) (600718, not rated).
Risk tips
The blockchain infrastructure construction process is not as expected; Blockchain investment is less than expected; The demand for blockchain application scenarios is lower than expected.
