#Trusted Blockchain Promotion Plan (TBI): Exploring Data Trusted Circulation

According to reports, on March 29, the 11th plenary meeting of the Trusted Blockchain Promotion Plan (TBI) of the China Academy of Communications was held in Hangzhou. At the meeting, China Power Great Wall Internet System Application Co., Ltd., Guiyang Big Data Exchange, and Ant Chain led the establishment of a data trusted circulation project team to explore fusion technologies, application systems, and typical scenarios for data element circulation, and establish relevant standards and technical specifications for data trusted circulation.

The first special research team established by TBI of the ICT Academy to build a blockchain based data trusted collaborative application system

The 11th plenary meeting of the Trusted Blockchain Promotion Plan (TBI) of the China Academy of Communications was held on March 29, 2021, in Hangzhou. Discussions revolved around the establishment of a data trusted circulation project team. The project team will explore fusion technologies, application systems, and typical scenarios for data element circulation. It will also establish relevant standards and technical specifications for data trusted circulation. In this article, we delve into what the TBI is, the data trusted circulation project team’s establishment, and its potential impact.
##Understanding TBI
The Trusted Blockchain Promotion Plan (TBI) is a joint initiative between the Ministry of Industry and Information Technology and the China Academy of Information and Communications Technology. The goal of the TBI is to drive the development of blockchain technology and promote its use in various industries. The TBI was established in 2016 and has since become a leading platform for blockchain research, development, and promotion in China.
##Exploring Data Trusted Circulation
Data trusted circulation refers to sharing data that is reliable, accurate, and secure between different entities. When combined with blockchain technology, data trusted circulation allows for the secure exchange of data across various networks while maintaining its privacy and integrity. In this regard, the establishment of a data trusted circulation project team by China Power Great Wall Internet System Application Co., Ltd., Guiyang Big Data Exchange, and Ant Chain is a significant development.
###Fusion Technologies
The project team will explore fusion technologies that can be used in data trusted circulation. This includes blockchain technology, artificial intelligence, and Internet of Things (IoT). By exploring these technologies, the project team will be able to develop a system that is both efficient and secure.
###Application Systems
The project team will also develop application systems that can be used in data trusted circulation. These systems aim at enhancing transparency and reliability in data exchange. They will also be user-friendly to encourage more widespread adoption.
###Typical Scenarios
The project team will establish typical scenarios for data element circulation. This implies identifying particular use cases in which data trusted circulation can offer value, such as supply chain management, healthcare, and financial services.
##Impact of Data Trusted Circulation
Data trusted circulation has the potential to revolutionize the way data is exchanged between entities. By providing secure and reliable data, it enables more efficient processes while minimizing security risks.
Data trusted circulation could potentially unlock the value of data silos and encourage collaboration between entities. This would be particularly useful in industries where data is a key asset, such as healthcare, finance, and supply chain management.
###Conclusion
The establishment of a data trusted circulation project team marks a significant stride in data sharing and management. By exploring fusion technologies, application systems, and typical scenarios for data element circulation, the project team aims at promoting secure, reliable, and efficient data exchange. It is anticipated that data trusted circulation will unlock new value propositions, especially in industries where data is a key asset.
###FAQs:
1. What is the Trusted Blockchain Promotion Plan?
The Trusted Blockchain Promotion Plan (TBI) is a joint initiative between the Ministry of Industry and Information Technology and the China Academy of Information and Communications Technology. The goal of the TBI is to drive the development of blockchain technology and promote its use in various industries.
2. What is data trusted circulation?
Data trusted circulation refers to sharing data that is reliable, accurate, and secure between different entities. When combined with blockchain technology, data trusted circulation allows for the secure exchange of data across various networks while maintaining its privacy and integrity.
3. Why is data trusted circulation important?
Data trusted circulation has the potential to revolutionize the way data is exchanged between entities. By providing secure and reliable data, it enables more efficient processes while minimizing security risks. This could unlock new value propositions, especially in industries where data is a key asset.