Recently, the Trusted Blockchain Telecom Application Group jointly led by China Mobile, China Telecom, and China Unicom was formally established, from China Academy of Information and Communications Technology, China Mobile, China Telecom, China Unicom, Huawei, UMF, Smart Chain, and Fun Chain Technology Nearly 20 experts from 8 units attended the meeting.
Experts at the meeting proposed the application direction of the telecommunications industry including Baas services, logistics traceability of the Internet of things, clearing and settlement between operators, and business operation support. At the same time, the follow-up work plan, working mechanism and output results of the trusted blockchain telecommunications application group A consensus was reached.
The establishment of the Trusted Blockchain Telecom Application Group has built a platform for close cooperation between operators and the blockchain industry, enabling operators and blockchains to have a platform for cooperation and communication, and better mining The value of blockchain in telecommunication assets, network construction and digital assets. It helps to jointly explore the application value of blockchain in digital assets, telecommunications assets, new-generation network construction and other related fields of operators.
Data shows that the global blockchain market will reach USD 13.96 billion in 2022. From 2017 to 2022, the compound annual growth rate of the market will be 42.8%. In addition, a report shows that in the next 5 years, the blockchain will contribute nearly 1 billion yuan in industry output value to the communications industry, and the blockchain has become an important outlet that the communications industry must take seriously.
Funchain Technology, both of which are owned by Zhejiang University Insigma and Sunyard, participated in the meeting. The latter's self-developed blockchain underlying core platform Hyperchain passed the trusted blockchain platform test of the Institute of Information and Communication of the Ministry of Industry and Information Technology in September last year. Won the bid for the blockchain platform procurement of many large financial institutions and commercial banks.
Hailian Jinhui: A wholly-owned subsidiary of UMF participated in this meeting. UMF is a leading independent third-party payment brand in China. It is also the vice chairman unit of the Trusted Blockchain Alliance of the Ministry of Industry and Information Technology, serving as the early working group of the alliance Member, completed the preparation of the "Trusted Blockchain Standard".
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