In last year's article "digital currency, the central bank-the darling of the future investment community", we clearly wrote that digital currency is an inevitable trend and will accelerate its development in the international competition and industrial upgrading. Because whether it is "folk digital currency" such as Bitcoin and Ethereum, or forcing the development of digital currency, the central bank, or preparing for the international payment system, or solving the government's monitoring of currency circulation (M0) in the short term, the long-term goal is to subvert the international payment and settlement system. Everything here points to "digital currency is the general trend". In addition, since the central bank released the two top-level design documents of blockchain for the first time at the G7 Summit last year, all provinces and autonomous regions began to speed up the scene testing and urban pilot in digital currency, and the central bank has been cooperating with Internet head companies to find more landing scenarios. For example, in July last year, the central bank took Didi to travel and held a comment by the US delegation, intending to start with "basic necessities".
Needless to say, the significance and importance of implementing the central bank digital currency. Interested friends can look for previous articles and look back. So what is the central bank digital currency?
First of all, it is different from private digital currency such as Bitcoin and Ethereum, and it is also different from three-party payment platforms such as Alipay and WeChat. These are published and managed by institutions, platforms and even private individuals, and are not protected by national laws. They are not legal tender and have no legal compensation. Digital currency, the central bank, as its name implies, is an electronic currency issued by the People's Bank of China as a whole. It is a kind of national reputation, the digitalization of legal tender (RMB) in the form of expression, and the intelligence of operation. Therefore, digital currency, the central bank, should be brought into the unified management of the total amount of legal tender, which is the standard digital cash legal tender.
Then, digital currency wallet can be independent of the network without binding personal information. In the past, our payment and settlement system mainly relied on bank POS machines and ATM machines. Even if Alipay and WeChat paid, the money was actually transferred in the bank account. Once the bank card is bound, personal information will be made public when paying. Now the central bank's digital wallet does not need to be bound with a bank card. Take smart homes and digital wallets as examples. For example, if you buy a refrigerator at home, and you set a food storage capacity and an independent digital wallet for the refrigerator, then this digital wallet is like a piggy bank you put in the refrigerator, but this piggy bank is not bound to your personal information. Then when the food is insufficient, the refrigerator will automatically place an order and pay automatically, so you don't have to scan the code again. In addition, the digital wallet can be paid by "touching" without the network, such as touching two mobile phones, or touching your mobile phone and POS machine, just like taking out cash to pay directly, without relying on the network. Therefore, as the Internet of Things becomes more and more life-oriented, the life scenes that once appeared in science fiction films may soon be realized.
Back to the topic, as the technical application of blockchain, digital currency has actually entered the application state from the pure story stage in the past, from explosive acceleration to ground promotion, and related enterprises are no longer just dreaming, and the industrial chain is expected to accelerate into the profit cashing period.
The upper reaches of digital currency's industrial chain are mainly chips and basic technology industries, while the subdivision involves digital encryption and network security. Because as the intelligent expression of the legal tender RMB, digital currency, the central bank, wants to be popularized or accepted by the public, the first problem to be solved is "data security". In the future, digital currency, the central bank, may adopt the structure of "one currency, two banks and three centers". "One coin" means that DCEP is a credit receipt of the central bank, and the specific technical details are designed by the central bank. The "two repositories" refer to the DCEP issuing repository and the DCEP commercial bank repository, which are kept by the central bank and commercial banks respectively. "Three centers" means that the central bank has set up a certification center, a registration center and a big data analysis center for DCEP. While the central bank is developing and building its own digital currency system, it still expects the central bank to strengthen cooperation with security encryption and data security vendors, and relevant leading enterprises will benefit.
Listed companies related to security encryption, such as Digital Authentication, Geer Software, Visteon, Tian Fei Chengxin, Hublot, etc. Among them, Visteon is a comprehensive provider of password products, network security products, Internet security operations and industry security solutions. Geer Software is mainly engaged in software development, software production and research and development of information network security products, including "security authentication gateway" and "trusted border security gateway". As for digital authentication, it is the leader of electronic authentication industry, and it is in a leading position in e-government, medical and health care, insurance and other markets, mainly involving electronic authentication services, security integration, security consultation and operation and maintenance services.
Key listed companies in the field of network security mainly include Venus Star and Lumeng Technology. Venus Star is mainly engaged in smart city security operation, industrial Internet security and cloud security; Lumeng Technology involves all-line network security products, all-round security solutions and systematic security operation services.
The middle reaches of digital currency's industrial chain are mainly banking IT industry, and the sub-sectors include traditional commercial banks and banking IT service providers that provide them with system support and upgrade. Under the background of the coexistence of digital currency, Central Bank, Alipay and WeChat payment, the application market such as bank IT transformation may become the largest operating space. Since commercial banks assume the responsibility of issuing digital currency to the public, the issuance of digital currency by the central bank will definitely improve the existing infrastructure, human resources and service system of commercial banks, rather than starting a new stove. Therefore, commercial banks have a great demand for building a new generation of bank core systems, and professional IT service providers are needed to complete these needs. People who have perfect solutions in the IT field of China banking will certainly benefit. For example, head manufacturers Changming Technology, Shenzhou Information, Gao Weida, Yuxin Software, Crane Software, He Run Software, etc.
As a "monopoly" provider of bank financial core system, Longmingliang Technology mainly provides information solutions and services for commercial banks, securities, funds, insurance, finance, asset management and other financial or pan-financial institutions, and really benefits from the transformation of bank core system. One of the main businesses of Shenzhou Information is financial technology, and it is also a leader in the field of bank informatization. On March 1 this year, the company's Secretary-General directly replied to investors on the interactive platform that "the company actively participated in the DCEP test of a large state-owned bank" and "the research and development of digital wallet system has been completed, which can help commercial banks accelerate the promotion of DCEP", which is the only concept stock directly related to DCEP.
Finally, it is the downstream of the industrial chain, mainly the payment and settlement terminal industry, including ATM and intelligent POS machines. In the past, our payment and settlement mainly depended on the bank's POS machines and ATM machines. However, under the tide of digital currency, these infrastructures are not compatible with digital currency in terms of health and risk prevention, and new modules need to be added to support the deployment of new payment terminals. Such a large-scale update will certainly bring a considerable market for the development and operation of payment software and hardware, and wallet services and payment service providers will benefit from it. Key manufacturers suggest tracking Guangdian Express, Xindu, New World, Karaka, Huanju Shares, Youboxun and so on.
Guangdian Express specializes in the production, sales and service of R&D, automatic currency processing equipment and related system software, and is one of the leading ATMs. At present, almost one-third of ATMs in China are produced by Radio and Television Express. In Xindu, the production, research and development, sales and leasing of terminal equipment hardware and software mainly take POS machines as carriers, providing customers with comprehensive solutions for electronic payment terminals. Also, the New World is leading in many fields such as domestic electronic information and tax-controlled cash registers. Lacarra specializes in providing electronic payment services for enterprises and individuals. ......
There are more concept companies in the industrial chain, so we can give priority to the target with good performance support and technical form when investing.
Finally: From a macro point of view, although it is not who first introduced digital currency, who will dominate the new digital currency system in the world, after all, everything still depends on the comprehensive national strength of the whole country and the international competitiveness of this system. And digital currency, the central bank that is preparing for the changes in the international payment and settlement system in the future, is now accelerating its entry into the residents' field of vision with the support of policies. In the future, the landing scene will be more extensive, the penetration rate will also increase rapidly, and enterprises established in advance in the industrial chain will be optimistic for a long time.
What do you think of the future of digital currency? Let's discuss it with me in the comments section!