China promotes the development of Web3 industry, let’s see what the Industry and Information Technology says
The Chinese government's promotion of the development of the Web3 industry is expected to move to a deeper level. On October 19, the Ministry of Industry and Information Technology of China expressed its great importance to the Web3.0 industry and decided to promote Web3.0 technological innovation and high-quality development, create a Web3.0 development strategy document that is in line with my country’s national conditions, and encourage the development of NFT, Emerging business models such as Decentralized Application (DApp for short).
Mr. Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council who is committed to promoting the development of the Web3 industry, specially proposed the "Proposal on Promoting the Development of the Web3 Industry" when he attended the two sessions of China in March this year. He put forward constructive opinions on strengthening China's Web3.0 technology research and development, establishing relevant standards and cultivating professional talents.
In response to this proposal, China's Ministry of Industry and Information Technology issued a formal reply on the 19th, emphasizing the department's enthusiasm for the development of the Web 3.0 industry and listing in detail the work results that have been achieved. These achievements can be summarized into the following four levels: unremittingly optimizing the policy environment, continuing to deepen technological exploration, rapidly promoting application cultivation, and steadily promoting standard development.
In addition, China's Ministry of Industry and Information Technology also said that they have introduced many positive policies for blockchain, such as promoting the release of China's first national standard in the field of blockchain technology - "Blockchain and Distributed Accounting Technology Reference Architecture" . At the same time, some domestic research institutions are also closely tracking the international blockchain landscape and development. Moreover, various Web3.0 application scenarios have been covered in many fields such as industry, medical care, education, tourism, etc., and many network companies have also launched a large number of related products such as digital collections and metaverses.
In the next phase of the plan, China's Ministry of Industry and Information Technology stated that it will further strengthen collaborative interaction with other relevant departments and vigorously promote Web3.0 technological innovation and high-quality industrial development. They listed four key directions for future work:
The first is to improve the top-level design: it is necessary to strengthen the investigation and research of Web 3.0, formulate a Web 3.0 development strategy document that is in line with China's national conditions, clearly define the development path, technical focus and application model of Web 3.0, and properly coordinate inheritance and innovation, development and security , government and market, supply and demand and other important relationships.In particular, innovative business models, such as NFT and decentralized applications, will be encouraged in key areas such as government affairs and industry to promote the innovative applications of Web 3.0 and the construction of a digital ecosystem.
The second is to strengthen technology research and supervision: we must fully support enterprises, universities, scientific research institutions, etc. in conducting in-depth research on the Web3.0 technology system and achieve major breakthroughs in key core technologies in cross-chain, privacy computing, smart contracts, etc. At the same time, it is necessary to implement research on blockchain security supervision and governance technology, promote research on the convergence of alliance chain technology and cross-chain mutual recognition, and provide exploratory thinking for a blockchain technology system framework that takes into account the open characteristics of the public chain and the easy supervision characteristics of the alliance chain. In addition, it is also necessary to increase support for data security product development and strengthen network product security vulnerability management, thereby improving network and data security protection capabilities in the development process of Web 3.0.
The third is to carry out international exchanges and cooperation: we must keep an eye on the cutting-edge developments surrounding Web 3.0 from the international political, industry, academic and research circles. Encourage scientific research institutes, universities, enterprises, etc. to participate in global standardization activities related to Web 3.0, promote participation in or even lead the formulation of international standards, de facto standards, and international alliance standards related to Web 3.0, so as to improve our voice and influence in the international community. Rule-making power. At the same time, it is necessary to increase the training of comprehensive talents to cultivate an innovative high-end talent team.
The fourth is to increase technology publicity and promotion:
1. Make full use of existing science popularization platform resources and enhance the general public’s understanding and awareness of Web3.0 technology through the dissemination of science popularization China and other official new media platforms.
2. Promote application pilots such as decentralized digital identity (DID), explore institutional and individual Web3.0 digital identity authentication and digital asset management systems, build data governance and transaction circulation mechanisms, and formulate typical demonstration plans that can be replicated and promoted.
The development prospects of Web3.0 in China are unlimited. With the rapid development of science and technology, the Internet economy has become an important driving force for national economic growth, and Web3.0, as a brand-new Internet ecosystem, will bring more opportunities to China's economic development.
First, Web3.0 will provide Chinese enterprises with more innovation opportunities. Through distributed ledger technology, Web3.0 can achieve the security and transparency of digital assets, allowing enterprises to operate and innovate more efficiently.In addition, the decentralized nature of Web3.0 also provides a fairer competitive environment for start-ups and promotes the development of China's technological innovation.
Secondly, Web3.0 will also promote the development of China's digital economy. The decentralized nature of Web3.0 enables user data to be more securely protected, thus attracting more users to enter the digital economy. As more and more users use digital products and services, China's digital economy will develop rapidly, injecting new vitality into China's economic growth.
Finally, the development prospects of Web3.0 in China are also reflected in policy support. With the gradual development of Web3.0, the government has also begun to pay attention to the development of this field. Some local governments have issued corresponding policies to encourage enterprises and individuals to participate in the construction and development of Web3.0. This will also promote the further development of Web3.0 in China.
Therefore, it can be said that the development prospects of Web3.0 in China are very broad. With the continuous advancement of science and technology, we have reason to believe that Web3.0 will bring more opportunities and challenges to China's economic development.
