Blockchain Empowers Real Estate Digitalization, the Key Review of the Second Real Estate Blockchain Forum
Source [CRIC]: https://mp.weixin.qq.com/s/u5Ro9JzHJBOtoQDImwXtTA
From June 9th to June 10th, 2021, by the guidance of China Real Estate Industrial Association, and hosted by E-house CRIC, with Leju News as the chief medium, the Fifth Dixin New Gravity Real Estate Summit is officially opened!
The Dixin New Gravity Real Estate Summit is an innovation summit centered on the pan-real estate sector initiated by E-house CRIC, from 2017 to 2021, which has already and officially entered its fifth year. As a researcher and recorder of the Chinese real estate diversification, the 5th anniversary of the Dixin New Gravity Real Estate Summit has once again been upgraded: Property Services Summit, Industrial City Development Forum, Smart Cultural Tourism Forum, New Development of Health Care Industry Forum, Real Estate Leasing Forum, Asset Management Forum, Urban Rejuvenation Forum, Technology Innovation Forum, and Real Estate Blockchain Forum. All these nine popular forums are released simultaneously! Industry leaders in property services, industrial city, cultural tourism, health care, leasing, asset management, urban renewal, science and technology, blockchain and other industries gathered to discuss the diversification of China’s real estate!
Among them, the real estate blockchain forum with the theme of “focusing on the digital economy industry and developing the real estate blockchain” is guided by the China Real Estate Industrial Association, and is co-sponsored by CRIC Blockchain and the Digital Technology Real Estate Branch of the China Real Estate Industrial Association. Discussed topics include but not limited to blockchain-enabled real estate government affairs, real estate transactions, supply chain finance, smart construction and landing applications. The forum joined hands with 23 industry leaders to jointly explore how to investigate new opportunities and ecological construction to devote to the combination of real estate and blockchain under the guidance of the “14th Five-Year Plan” entwined with the two departments’ instructional spirits.
The followings are the key snapshot information of the Real Estate Blockchain Forum held on June 10th. Let’s have a sneak peak now!
Opening Speech
Chen Yiming
Vice President and General Secretary of China Real Estate Industrial Association Former Chief Engineer of the Department of Real Estate and Urban-rural Development
The real estate blockchain forum mainly discusses two things: Firstly, it is clear that blockchain as an information technology, and what are its essential characteristics and scope of application? Secondly, in the real estate industry, which central nodes and information need to be resolved through the blockchain technology in terms of planning, construction, sales, operation, and maintenance of the entire chain?
At present, the hot discussion on the application of blockchain technology mainly focuses on two aspects of confidentiality/security and legality. Are individuals and companies willing to publish information, and how to ensure its safety and reliability? And does our current legal system recognize the use of blockchain technology for registration of information?
The China Real Estate Industrial Association has two basic attitudes towards the development of blockchain technology: firstly, it’s actively supporting it. There is no industry can be left behind as all new technologies have two facets. Under the macro guidance of the “14th Five-Year Plan”, it is necessary to carefully study how to use new technologies to support the development of the real estate industry. Secondly, develop calmly, steadily, and gradually. The China Real Estate Industrial Association will set up a blockchain application working group at the forum to promote the healthy development of enterprises and industries.
Stimulate the Vitality of Innovation and Help the Digital Transformation of Shanghai
Liu Shanquan
General Manager of the Strategic Planning Department of Shanghai INESA Group
A smart city is an urban form in which informatization, urbanization, and industrialization are integrated in a specific historical period. Digitization, networking, intelligence, and greening are the characteristics of the new types of smart city. Whether it is digital transformation, digital reform or digital development, the key point is transformation, reform and development.
Judging from the trend of technological revolution, seizing the opportunity of digital transformation has become one of the key points in the competition for future development initiative. For Shanghai, advancing the digital transformation of the city is a significant move and a necessary choice to reshape the core competitiveness of the future city.
Digital transformation is to achieve key breakthroughs around the digitalization of economy, life and governance. Blockchain technology can solve the cross-subject trust problem in future intelligent application scenarios. In the future urban digital transformation process, especially in the data-centric construction of future scenario applications, it has become the main design idea and development model.
Current Status and the Development Trend of Blockchain Industry and Its Application
Si Xueming
Director of the Blockchain Committee of China Computer Society
Generally speaking, developed countries have carried out researches and applications of blockchain technology from a strategic level, and multinational giants have deployed one after another, covering all aspects of the economy and society. Enterprise applications are the main battlefield of the blockchain, and the consortium chain will become the mainstream direction.
The distribution of our country’s blockchain-related companies is relatively concentrated, the effect of industrial agglomeration is obvious, the continuous iterative upgrade of key technologies and the continuous enhancement of corporate core competitiveness are all significant. Blockchain will be widely implemented in the real economy in the next three years and become an important support for the construction of “Digital China”.
The top priority for accelerating the implementation of blockchain applications is to expand applications that can truly bring economic and social benefits. In addition, the development of heavyweight application scenarios, starts from pain points, adhere to application-driven and problem-oriented, and accelerate the integration of blockchain technology with other technologies.
The Practice of Xiong An Blockchain in Engineering Construction Projects
Meng Hongwei
Deputy Director of Xiong An Blockchain Lab
In addition to the public chain and consortium chain, the blockchain also needs the form of city-level blockchain technology. City-level blockchain has technically customizable functions, scalable performance, interconnection and interoperability between chains, uplink and downlink connections between chains and systems, multi-level security and privacy capabilities and other requirements. It needs to be re-developed and applied to city-level in terms of characteristic blockchain products.
As a city-level blockchain, Xiong An Blockchain can ensure the sharing of project progress and payment approval requirements in the practice of engineering construction projects, and automatically associate the request approval and payment instructions through smart contracts, so as to realize the downstream participation of engineering construction funds. Penetration payments for enterprises and migrant workers ensure the quality and integrity of Xiong An. At the same time, it lays a credible data foundation for the subsequent supply chain financial scenarios and the provision of advanced and extended services for enterprises.
In this Real Estate Blockchain Forum, the Blockchain Application Working Group of the Digital Technology Real Estate Branch of the China Real Estate Industrial Association was formally established. Zhang Yan, the executive director of Yiju and the CEO of CRIC, and Li Bo, the general secretary of the Digital Technology Real Estate Branch of the China Real Estate Industroal Association Respectively address the inauguration ceremony.
Zhang Yan
Executive President of E-House Enterprise Group & CEO of CRIC
Li Bo
General Secretary of China Real Estate Industrial Association and the Digital Technology Real Estate Branch
At the launching ceremony, the first batch of eight enterprise units of the working group were announced, namely Yiju Tianji EBaaS, Ant Group, Xinyuan Technology, CRIC Blockchain, Bao Neng Group, Blockchain Service Network BSN, Hunan Intelligent Government Affairs Technology and the Blockchain Research Institute of Tongji University.
Zhang Yan, the executive president of E-House Enterprise Group & CEO of CRIC, and Li Bo, the general secretary of Digital Technology Real Estate Branch of China Real Estate Industrial Association lit the torch together with representatives of eight companies to witness the blockchain application working group of Digital Technology Real Estate Branch of China Real Estate Industrial Association was formally established. With the empowerment of science and technology, the real estate blockchain will show the trend of sparks, and jointly create a research highland for the development of China’s real estate-blockchain integration.
Working Group Sharing: the 14th Five-year “Real Estate + Blockchain” New Opportunities
Li Chen
General Manager of CRIC · Blockchain (Yi Liao Consulting)
Chapter One
Real Estate Governmental Affairs + Blockchain Application
Blockchain Promotes the Transformation and Upgrade of the University Economic Belt Industry
Ma Xiaofeng
Dean of the Blockchain Research Institute of Tongji University, Director of Shanghai Blockchain Technology Research Center
Blockchain is one of the key points of the digital economy and one of the new infrastructure constructions. In terms of promoting the transformation and upgrading of the university economic belt industry, it is necessary to combine key disciplines, promote strategic emerging industries, and create a convergence, integration and fusion of various of innovative elementson a single or multiple large platform(s).
Different from scenario application technologies, such as artificial intelligence and big data, and enabling technologies, such as cloud computing and the IoTs, blockchain as a platform technology plays a more important role in data organization, especially involving cross-industry, cross-department, and cross-subjects cooperation scenes.
Blockchain technology to promote the development of the Tongji Economic Belt Industry should attach importance to collaborative innovation, stimulate the initiative of 2,300 companies in the Tongji Circle, join hands to enter the digital economy era, and gradually reflect the country’s new momentum for sustainable development.
Low-carbon Digital City and Blockchain: City-Community-Family
Wang Yunzhen
CEO of Wanxiang Blockchain
The goal of carbon neutrality has risen to the national strategic level. The combination of blockchain and the Internet of Things is conducive to the establishment of systematic management of carbon emissions and fills in the gaps in the lack of accuracy, doubtful credibility, and lack of real-time carbon emissions data.
Achieving the goal of carbon neutrality also requires appropriate incentive mechanisms and governance mechanisms. Governmental incentives and guidance, continuous social contributions, and public participation have put forward new requirements for the design of mechanisms based on the blockchain.
Each scenario has an open ecological attribute, which is related to one or more industries, involves the blockchain itself and related technologies, and jointly creates values for the digital city and achieves low-carbon goals.
Blockchain New Infrastructure —— BSN Empowers Smart City and Digital Economy
Tan Min
Blockchain Service Network (BSN) General Secretary & Head of the Digital Economy Technology Promotion Group of China Mobile Design Institute
The development of smart cities and digital economy makes use of the unobstructed flow and open sharing of big data to force the existing urban management system, governance structure, public service model and industrial layout to be more reasonable and efficient. It is a kind of data-driven urban reform and innovation.
Blockchain technology can promote data flow in an orderly manner and break data islands. It is especially suitable for digital economy and smart city scenarios that require multi-party collaboration and data credible collaboration. It can solve different data interfaces, different standards, complexity, and heterogeneity. Such issues are an ideal technology choice for the current high-quality development of smart cities.
Our BSN Development Alliance research believes that the data transmission logic of the entire Internet will gradually change into broadcasting transmission logic in the future. The business form supported by this broadcasting transmission logic, the security and privacy of data, the certainty and timeliness of data transmission It is impossible to achieve linear transmission. Blockchain technology is indeed a very great technology. We believe that within 20 years, the Internet will be reconstructed and even the communication method of the HTTP protocol will be changed.
Industrial City Perspective: Practical Exploration of Blockchain Industry Development
Ma Huimin
Deputy General Manager of Shanghai North High-tech Co., Ltd.
Shibei Park has accumulated rich development experience in the big data industry stage. A “five-in-one” big data ecosystem has been formed, including trading centers, research centers, industrial bases, industrial funds, and development alliances.
Blockchain industry: the next industry outlet is taking shape. In 2020, the overall industrial blockchain scale will be close to more than 100 billion, and the speed of enterprise development is also particularly fast; with the release of national policies, the next 5 years will usher in the explosive growth of the blockchain industry.
All blockchain development and big data are inseparable, so we call it big data + blockchain. This time, the Cyberspace Administration of the Ministry of Industry and Information Technology released the content to promote the integration of blockchain + big data, and promote the integration of blockchain + cloud computing. I believe This is Shibei’s biggest advantage in developing the blockchain industry.
Blockchain Technology Promotes the Establishment of Social Credit in the Real Estate Industry
Liu Jiahai
Professor of Zhejiang University, General Secretary of Hangzhou Blockchain Technology and Application Federation
Blockchain is of value transmission, making transactions within the scope of assets more real, credible and efficient. The application in real estate transactions can improve the trust and transparency of the industry, reduce information islands, improve transaction efficiency, and promote the formation of an organic credit legal system in the real estate industry.
From the characteristic perspectives, the blockchain can better deliver value, better protect user privacy and help users obtain more rights, and change the production relationship of the Internet.
Blockchain technology maps real estate property rights to blockchain digital assets, assists users in forming flexible asset allocation, and provides resolutions for real estate investment services.
Chapter Two
Real Estate Transaction + Blockchain Application
Research on Application Scenarios of Blockchain on “Smart Real Estate Management”
Xu Youwei
Deputy Director, Science and Technology Reform and Development Division, Real Estate Security and Real Estate Administration, Wuhan City, Hubei Province
Blockchain technology can be widely used in scenarios such as house transactions, leasing, and community services, etc. Beyond that, the information sharing is more credible and data exchange is more efficient.
Building property rights and other information on-chain is conducive to the realization of the “six truths and four completes” of leasing management, that is, real people, real houses, real enterprises, real credit, real data, real transactions, leasing services, enterprises, processes, and housing.
In the construction of smart cities, the important role of the real estate management department is the provider of basic urban data. In the current process of collecting and managing basic data of smart house management, inconsistent data standards are the main difficulty. Using the multi-point consensus feature of the blockchain, an address platform managed by multiple parties can be established, allowing multiple standard addresses to coexist, and at the same time achieving semantic consistency through association.
The application of electronic signature and electronic contract is an important aspect of the current housing management information construction. Laws and regulations have lifted restrictions, and the competent authorities have clarified the direction. There are still many details to be perfected in practice in the next step. Blockchain companies have a lot to do in this regard.
Blockchain Empowers New Infrastructure for Real Estate Digitalization
Lin Dongcheng
General Manager of Yiju China Blockchain Technology Innovation Center
Real estate brokerage agencies are now gradually converging. In addition to the top brokerage agencies, many small and medium-sized brokerage agencies are facing three problems: difficulty in acquiring customers, few listings, and imperfect servicing system.
There is a lack of an official real estate transaction servicing system in China, and there is a problem of mutual trust among enterprises, and they are unwilling to hand over core data to the platform. Whether it is data holding or rule-making, trust is a prerequisite. Based on blockchain smart contracts, autonomy in the transaction process can be achieved; the underlying blockchain alliance can create a technology platform that gives transaction participants a common voice and protects the rights and interests of multiple parties.
For the new infrastructure of real estate, the core demands of real estate companies are housing, passenger, and transaction. Blockchain technology can empower the release of listings, the docking and connection of customer sources, the distribution of commissions based on smart contracts, and the establishment of digital identification codes for real estate assets to solve the data standard problems faced by cross-subject collaboration.
Real Estate Empowers Sales Digitalization
Huang Jun
Deputy General Manager of Digital Real Estate Business Department of the Intelligent Technology Business Group of Ant Group
In the next Internet era, we should not just be satisfied with the digitization and single enterprise business. Blockchain is also given the mission of breaking data silos. In the future, data connections between enterprises, industries, government and enterprises will be formed, and the industry will be built. Collaborative network.
Real estate is a typical scenario involving information collaboration between multiple entities. The entire process involves information collaboration among multiple entities of enterprises, individuals, financial institutions, and government window departments. Ant and E-House can build a real estate chain, which can better Complete cross-subject and cross-departmental information collaboration and secure sharing between the various subjects in real estate transactions.
Build Real Estate Transaction Platform
Xie Wei
Executive Deputy Director of the Blockchain Industry Development Leading Group Office, Loudi City, Hunan
Blockchain and data strategies have been upgraded to national strategies.
The comprehensive deepening of reforms, the full opening of government data and the establishment of new infrastructure industry orientation, will generate huge dividends in the next 10 years.
Regardless of whether it is government affairs system data or market system data, we will see that data will eventually merge and develop in a direction that is more convenient for the people, transactions and services, which is the so-called integrated trading platform.
Chapter Three
Real Estate Finance + Blockchain Application
Blockchain Empowers Real Estate Supply Chain Finance
Chen Xiaoyang
Vice President and Technical Director of Qulian Technology Production and Chain
In the engineering construction industry, there are pain points, for instance, low level of enterprise informatization, separation of data analysis from upstream and downstream enterprises, weak cash flow of small and medium-sized construction enterprises, and long settlement cycles.
Blockchain technology can connect construction units, contractors, and subcontractors, including supervisors, financial institutions, and regulatory agencies. At the same time, combined with IoT technology, the entire life cycle of the entire project can be controlled in information, reducing the risk of delay, and solving small and medium-sized enterprises. The problem of difficult and expensive financing for enterprises, while guaranteeing the wages of migrant workers, comprehensively improve the efficiency of capital flow and supervision of project construction.
The blockchain engineering construction alliance chain scenario created by Funchain Technology can achieve penetrating management of capital flow for construction units, which is conducive to industry supervision, and at the same time, it can enrich their relationship with large-scale core enterprises for banks or financial institutions. Incremental business development.
Real Estate Mit Supply Chain Management & Finance
Julian Gordon
Vice President of Hyperledger Asia Pacific
In the “Blockchain Top 50 List” released by Forbes, more than 61% of large enterprises are using Hyperledger blockchain technology.
Enterprises have changed from being concentrated in North America in the past to being spread all over the world, showing a trend of globalization, the proportion of Chinese companies has increased, and China technical team of Hyperledger has built a bridge for the communication between the Chinese community and Hyperledger.
The application of blockchain in supply chain management covers the fields of medicine, mineral resources, climate change, supplier qualification inspection, etc., enabling real-time information update, data traceability simplification of business processes, and industry supervision.
Chapter Four
Real Estate Companies + Blockchain Application
Digital Points for Blockchain Digital Economy
Yang Biao
Blockchain Product Manager of Baidu
Blockchain can break the bottleneck of internet development. Big data is responsible for analyzing and storing data, cloud computing is responsible for calculating data, artificial intelligence is responsible for applying data, and blockchain resolves the problem of secure transmission and sharing of data.
In the era of digital economy, data is a new production factor, and companies turn assets into data through digital transformation. The circulation of data is the circulation of corporate assets, and the most important issue is asset right confirmation. The digital identity ID created by the use of blockchain distributed technology can solve the problem of authenticity and security when digital assets are issued.
The core value of the blockchain in the business circle is: firstly, to link the trust between consumers and the business circle; secondly, to transfer the value of the merchant’s points; thirdly, to build a “blockchain +” business circle ecology.
Roundtable Conference: Blockchain Industry Layout of the Real Estate Enterprises
Wei Ran | CMO of Xinyuan Technology
Xinyuan is honored to be one of the first eight companies of China Real Estate Industrial Association’s Blockchain Application Working Group. UPRETS’s successful experience in the field of overseas asset digitization is expected to bring enlightenment to the domestic technology implementation. I am looking forward to the in-depth cooperation between Xinyuan Real Estate Financial Technology Research Center of Tsinghua University Financial Technology Research Institute and CRIC Blockchain in terms of academic research and talent training, and discuss the cutting-edge topics of international “real estate + blockchain” together.
Fan Kaiye | Head of International Blockchain Branch of China Real Estate Co.
Blockchain is for business. For real estate industry, the purpose of blockchain is liquidity, which is capitalization. Therefore, we choose blockchain to do digital debt or digital REITs. In addition to the Belt and Road Initiative, China Real Estate International conducts digital REITs. In addition to the pilot, combined with the characteristics of the Hainan offshore center, after the domestic real estate is under the asset package custody in Hainan, REITs and digital REITs are issued overseas through VIE. The digital REITs make full use of the characteristics of the real estate blockchain: transparent distributed ledger of real estate digitizes the full amount of original information, realizing digital securities and digital real estate pledge, and intelligent dividend distribution through smart contracts. This is a very innovative attempt.
Lu Hanbing | Head of Blockchain Center of Bao Neng Group
The real estate industry is generally under pressure on redemption and capital costs. Using the value mutual trust and anti-tampering features of blockchain technology, it penetrates into the bottom layer of current real estate data to enhance the liquidity and credibility of supply chain finance. The generalization of fixed assets and the protection of asset information privacy are the directions we are researching and deploying.
Yang Weizu | General Manager of Jiajia Technology
How to combine the real estate industry with a new financial service model based on blockchain technology innovation should have great development potential. The supply of technical talents in the blockchain industry is very unstable, and there is a lack of compound talents who understand not only blockchain technology, but also industry and finance.
The 5th New Gravity Summit, namely the 2nd Real Estate Blockchain Forum came to a successful conclusion. In the future, the process of integration of blockchain technology and real estate industry will continue to move forward and penetrate into all areas of the economy and society. Looking forward to the real estate blockchain. The overall strength is further improved to help the industry’s ecological construction and empower the development of the digital economy industry.
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