Ant Group's Jiang Guofei: The future development of blockchain will be a convergence of multiple technologies, data integration, and open cooperation for mutual benefit.

Odaily News: Jiang Guofei, Senior Vice President of Ant Group and President of the Digital Technology Business Group, shared the progress of Ant Group in the field of blockchain and some thoughts on the development of China's digital economy at the 2023 World Artificial Intelligence Conference Global Industrial Blockchain Summit. Jiang Guofei summarized that, firstly, in terms of technological innovation, Ant Group focuses on the research and breakthroughs of cutting-edge technologies such as blockchain, privacy computing, artificial intelligence, and the Internet of Things. AntChain, the blockchain of Ant Group, has ranked first in the world for global blockchain patents for three consecutive years. Secondly, in terms of industrial applications, Ant Group deeply integrates digital technology with industrial scenarios to promote the digitization and upgrading of industries. Thirdly, in terms of ecosystem construction, AntChain collaborates with government, industrial parks, developers, research institutions, service providers, and other stakeholders to jointly promote the development of industrial ecosystems. At the same time, it has partnered with over 300 cooperation partners and serves over 10,000 institutional customers annually. Jiang Guofei believes that there are three major trends in the future development of blockchain: Firstly, the integration of multiple technologies. A single technology cannot solve all the specific problems in industries. For example, combining blockchain with the Internet of Things can help ensure the trusted on-chain representation of physical assets and enable data authenticity from the source. Combining blockchain with privacy computing technology can make data usable but invisible during circulation, ensuring privacy and security. Combining blockchain with artificial intelligence enables joint risk control, joint marketing, and joint research and development, unlocking greater value from data. Secondly, the integration of digitized reality. Technology needs to be combined with industrial scenarios to create real value and ensure sustainable development. "Let me give an example of blockchain application in the cross-border trade field. AntChain has partnered with China COSCO Shipping to establish the Global Shipping Business Network (GSBN), which enables various participants in international shipping to transfer electronic bills of lading through a blockchain network. The "paperless delivery" based on electronic bills has shortened the processing time from several days to a few hours." Thirdly, open collaboration. The development of the industry requires the participation of various ecosystem forces. Ant Group has always adhered to an open concept and is committed to promoting the common development of the blockchain ecosystem. For example, in terms of technology, it has built a community of over 50,000 blockchain technology developers through integrated development kits, open-source services, low-code platforms, and open consortium chain platforms, enabling more people to use new technologies to develop business applications at a lower cost. (Source: Sci-tech Board Daily)