The report states that blockchain has become a standard technology at the bottom of the digital economy.

On December 24, the “2024 Industry Block Chain Achievement Release and FISCO BCOS Open Source Seventh Anniversary Ecological Conference” was officially held. The conference, with the theme of “New ‘Chain’ Situation of Digital Economy,” gathered a series of innovative achievements in “Blockchain × Data Elements” and “Blockchain × Web3.0”.

FISCO BCOS is a domestically developed Block chain underlying Open Source platform led by WeBank, with both financial-grade high performance and openness. At the conference, the new Chinese brand name “FeiShuo Chain” for FISCO BCOS was officially launched.

The conference released the ‘2024 FISCO BCOS Industry Application Development Report’, which selects more than 250 representative cases from over 500 benchmark cases, providing a complete blockchain application landscape for the industry.

The report summarizes the five major development trends of the industry, pointing out that blockchain is becoming a standard technology in the digital economy, accelerating the integration with AI, privacy computing, and other cutting-edge technologies. The five major development trends are as follows: in terms of market structure, the blockchain industry is moving towards maturity and rationality, and market participants are experiencing stratification and integration, with an increase in concentration; in terms of policies, the government continues to encourage the blockchain to play a key role in data circulation and industrial digitization; in terms of technology, blockchain technology is continuously upgraded to better adapt to financial-grade, domestic, and open requirements; in terms of standards, the continuous iteration of technology promotes the improvement of the standard system, and China’s international discourse power 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, continuously making new breakthroughs in data value release and technological integration applications.

Data shows that after seven years of development, the FISCO BCOS’s Open Source achievements are remarkable: the TPS of a single chain has exceeded 200,000, and various key indicators of the Open Source repository have consistently ranked first among domestic Open Source Blockchain projects; it has gathered more than 5,000 institutions and over 100,000 individuals for joint construction and governance. (End)

Source: Sina

Author: China News Network