On October 29, experts from China UnionPay, China Goldman Blockchain Technology Research Institute, as well as application research institutions and innovative enterprises in the field of blockchain gathered at the InterContinental Jing'an Hotel to participate in the 2nd Shanghai Digital Economy Innovation Summit and the 4th China Innovation Challenge (Shanghai) organized by the National Technology Transfer Eastern Center and co-hosted by Shanghai Xinhua Culture Science & Technology Park and Shanghai Suhewan Investment Holdings Co. The Yangtze River Delta International Innovation Challenge Data Intelligence Blockchain Special Session to discuss how to use blockchain technology and other digital economy to promote the construction of the Shanghai Science and Technology Center and the development of the real economy. Mr. Ji Xiaoye, Inspector of Shanghai Science and Technology Commission, Mr. Teng Yang, Director of Science and Technology Department of People's Bank of China Shanghai Branch, Mr. Xie Jihua, President of National Technology Transfer Eastern Center, Mr. Li Shuang, President of Shanghai Xinhua Distribution Group, Mr. Wu Qinnan, Deputy Director of Science and Technology Commission of Shanghai Jing'an District, Mr. Lu Jijun, Assistant President of National Technology Transfer Eastern Center and other attendees of the event.

At the meeting, Mr. Ji Xiaoye, inspector of Shanghai Science and Technology Commission, pointed out that blockchain-based emerging development technology has become a breakthrough in innovation and development. The future development of enterprises in Shanghai to strengthen cooperation and collaboration, focusing on promoting the development of blockchain technology on the ground. Jing'an District will also continue to explore exemplary service models and accumulate excellent investment and financing institutions to drive development with innovation. It is hoped that this summit and activities will spark cooperation and bring more vitality to the development of Jing'an District.

Jessica Ji, Inspector, Shanghai Municipal Science and Technology Commission

Xie Jihua, president of the National Technology Transfer Eastern Center, introduced that the digital economy is an economic form of high-quality development relying on blockchain-cloud computing-IoT and other information technologies, and is the core element of the information economy, knowledge economy and wisdom economy.In 2018, China's digital economy accounted for more than one-third of the country's GDP. At present, the digital economy has become an "accelerator" to promote quality change, efficiency change and power change in economic development, and is the core force of a new round of industrial transformation worldwide. In recent years, Shanghai has also issued a series of blockchain, big data, artificial intelligence and other policies and documents to promote the deep integration of the digital economy and the real economy. The Jing'an District has even made it clear that it will promote the development of the digital economy as an important measure to connect with the construction of the Shanghai Science and Technology Center and achieve regional innovation development and industrial upgrading. National Technology Transfer Eastern Center, Xinhua Park and Suhewan Company jointly organized the "Shanghai Digital Economy Summit" in order to build a quality platform connecting blockchain, AI, big data, 5G and real economy enterprises, and to build a "connection of things, data connection, and intelligence connection". "The trinity digital economy service system will accelerate the scale and quality of the digital economy and promote the digital economy as an important growth pole for the economic development of Shanghai and Jing'an.

Xie Jihua, President, National Technology Transfer Eastern Center

At the final round, Wu Qinnan, deputy director of the Science and Technology Commission of Shanghai Jing'an District, pointed out that the future development of blockchain is unlimited and it is an infrastructure for reconstructing trust. In particular, General Secretary Xi mentioned the need to strengthen theoretical basic research on blockchain and enhance independent innovation capabilities. At the same time, we should continue to collaborate and innovate to build a trust system, and the Blockchain Challenge covers the blockchain application solutions of many outstanding enterprises, hoping that more blockchain solutions will be continuously landed in the future. Afterwards, Lu Jijun, assistant president of the National Technology Transfer Eastern Center, announced the start of the finals and awarded certificates to the mentors.

Wu Qinnan, Deputy Director, Science and Technology Committee, Jing'an District, Shanghai, China

Lu Jijun, Assistant to the President, National Technology Transfer Eastern Center

The teams competed in the form of a scenario-based roadshow focusing on themes such as data intelligence, international trade, financial technology, food safety traceability, food contact materials, etc. The competition was scored in real time using the Digital Xinluo Spectrum blockchain voting platform and displayed in real time, including the "Intelligent Cross-border Trade Insurance Platform" from the Shanghai Insurance Exchange and Yitong International, the "Smart Cross-border Trade Insurance Platform" from the team of Dahan Intelligent Technology, and the "Smart Cross-border Trade Insurance Platform" from the team of Dahan Intelligent Technology. Blockchain Data Storage System for Trade Logistics" and "Digital Solution for Declaration of Conformity of Food Contact Materials" by the team from Shanghai Academy of Quality Supervision and Inspection Technology are quite unique and outstanding.

The 4th China Innovation Challenge (Shanghai) and the 2nd Yangtze River Delta International Innovation Challenge Blockchain Session Finals came to a successful end in a tense competition, and in the future, blockchain technology will gradually become an important pillar of innovation in various fields and promote the continuous development of the digital economy.