Summary: “Empowering real businesses is the future of the digital collections industry.”
Recently, Shi Xingguo, the founder of Hyperchain, was interviewed by 21Jingji and shared his thoughts on the digital collections market, commented on the suspected dismiss of Huanhe, and provided an interpretation of the new NFT regulations in the “14th Five-Year Plan” for the Development of Shanghai’s Digital Economy.
Regarding the suspect dismiss of Huanhe, Shi Xingguo stated in the interview with 21Jingji, “The unsold digital collections on some digital collections platforms indicate that the market has begun to move towards rationality. Whether the departure of Huanhe and other platforms will affect the rights of collectors remains to be seen.”
Regarding the development of the digital collections market, Shi Xingguo believes, “The simple and crude mapping-type digital collections cannot support the long-term development of the industry. Practitioners should actively develop compound interest digital collections, and empowering the real businesses. This is the future of the digital collections industry.”
On July 13th, the Shanghai Municipal People’s Government issued the “14th Five-Year Plan” for the Development of Shanghai’s Digital Economy, which stated that Shanghai will cultivate new data economy, including digital content and digital trade, etc. during the “14th Five-Year Plan” period. The plan also supports leading companies to explore the building of NFT (non-fungible token) trading platforms, research and promote the digitization of assets such as NFTs, the global circulation of digital intellectual property, and digital rights protection.
Regarding this, Shi Xingguo stated in the article, “Shanghai’s proposal to support the exploration of NFT trading platform building indicates that the development of the digital economy-related industry is a long-term plan of the Shanghai government and will be launched at an appropriate time and pace. The full document is further elaborated within the framework of the national 14th Five-Year Plan. Shanghai is leading the way for the whole country, which means that it will provide certain support in relevant policies and make more innovative attempts in promoting the digital economy industry. With clear policy direction, if China’s digital industry can compete with other countries in the international market, there will be opportunities to get us ahead in the worldwide surge of digitization.”
For the full article:
https://www.163.com/dy/article/HD7JVDE705199NPP.html
Shi Xingguo is a member of the Blockchain Special Committee of the China Computer Federation, the founder of Hyperchain, a senior practitioner and technical expert in the internet and operating system industries, a winner of the National Science and Technology Progress Award, the inventor of parallel blockchain technology, and the founder of Paralism. He has served as Vice President of the Red Flag Linux Company and Chief Internet Engineer of the Institute of Software, Chinese Academy of Sciences. In 2016, he led the team from Chinese Academy of Sciences to establish Hyperchain Information Technology Co., Ltd., which focuses on parallel blockchain technology and has made important breakthroughs. Its core technology has obtained patent authorization in 27 countries in China, the United States, and the European Union.
Hyperchain is the most advanced parallel blockchain and the first parallel blockchain to receive patent authorization internationally. Its core team comes from the Chinese Academy of Sciences and is China’s earliest and most professional blockchain technology and product development team. Hyperchain’s groundbreaking parallel blockchain technology has overcome key technical bottlenecks in blockchain, such as performance, scalability, and capacity, and can comprehensively support public chains, consortium chains, and private chains. It also has the ability to support backbone-level value transmission and storage on the internet, and is currently the only blockchain technology that can meet the requirements of enterprise development and industrial transformation. As the creator of the parallel blockchain technology system, Hyperchain Technology is currently the only provider that can provide parallel blockchain products, consulting, customized solutions, and services internationally and domestically.