Every reporter Xiao Le, every intern editor Li Huang.
With the development of Internet technology and profound changes in global payment methods, digital currency, with higher operating efficiency and stronger economic adaptability, is becoming a new trend of future monetary development.
Under this trend, central banks and financial institutions all over the world are conducting research on currency digitization and related technologies. At the "FinTech Summit in Shenzhen, China" hosted by Shenzhen Municipal Government on February 20th, 65438, more than 40 companies, including Ping An Group, Weizhong Bank and Dacheng Fund, announced that they would jointly establish Fintech digital currency Alliance in Shenzhen, China, and cooperate with the central bank and other financial regulatory authorities to study and formulate digital currency's industry standards and related institutional mechanisms.
Currency digitization is the general trend.
In a global scientific and technological innovation survey released by KPMG, digital currency is listed as the most promising technology in the next three years along with 3D printing, Internet of Things and biotechnology. At present, many countries around the world are promoting the research of currency digitization.
At the beginning of this year, the latest research report released by the Bank of England said that the combination of digital currency and mobile technology may completely change the shopping habits of British people, and the Bank of England is considering using this technology to issue the official digital currency. Sweden's central bank is considering issuing its own digital currency ekrona (electronic krona) to cope with the sharp decline in the country's cash use.
20 14 the central bank of China set up a special research group to issue statutory digital currency to demonstrate the feasibility of issuing statutory digital currency by the central bank. At the beginning of this year, the central bank held a seminar in digital currency to further clarify the central bank's strategic goal of issuing digital currency. In June 165438+ 10, the central bank of official website released the 20 17 annual recruitment plan of its directly affiliated unit, which showed that it planned to recruit six professionals with master's or doctoral degrees to carry out R&D work in digital currency.
Yao Qian, deputy director of the Science and Technology Department of the Central Bank and head of the preparatory group of digital currency Research Institute, said in an interview with the media a few days ago that the prototype of the statutory digital currency released by the Central Bank has been revised twice, and it is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for launching the statutory digital currency in China.
Third-party payment institutions may disappear.
At the first "China Shenzhen FinTech Summit" held on February 20th, 65438, the reporter of China Business Daily learned that under the guidance of Shenzhen Municipal Government, more than 40 units including Ping An Group, China Merchants Bank, Weizhong Bank and Dacheng Fund will jointly establish FinTech digital currency Alliance and Fintech Research Institute in Shenzhen, China.
According to Yao Yudong, chief economist of Dacheng Fund, the alliance will cooperate with the central bank and other financial regulatory authorities to study and formulate industry standards and mechanisms in digital currency. The institute will conduct comprehensive research on financial technology infrastructure and innovative business, and explore and promote technology applications such as big data, cloud computing and artificial intelligence blockchain.
As one of the initiators of the alliance, Li Lin, founder and chairman of Huobi, pointed out that when it comes to digital currency, it should be clear that the digitalization of legal tender is essentially different from that of digital currency, and the encrypted digital currency represented by Bitcoin is essentially a standardized digital asset. However, because the digitalization of legal tender may choose to use the underlying technology of encrypting digital currency as one of the core implementation technologies, there is a close relationship between them.
Li Lin said that the blockchain has outstanding technical advantages in terms of security attributes such as non-repeatable transactions, non-forgery, and non-tampering. Digital currency, represented by Bitcoin, has the characteristics of disintermediation, openness, transparency and traceability, which will also have a profound impact on the circulation of sovereign digital currency in the future.
"In the global encrypted digital currency operation and circulation system, there is a unified and open agreement, and different institutions follow the standard agreement, which provides a foundation for cross-platform circulation of currency accounts. There is no need for third-party payment companies to provide services to connect different banks. " Li Lin said for example. In his view, if sovereign digital currency uses a unified and open blockchain protocol or other protocols in the future, third-party payment companies that only provide technical services for interbank agreements will disappear.
Li Lin also pointed out that the encrypted digital currency structure system under the decentralized structure has brought great problems to the government supervision, so there will be some changes in the sovereign digital currency system, for example, anonymity is controllable, unlike the complete anonymity in the Bitcoin network.