Exploring the Data Trusted Circulation Project Team: What You Need to Know

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

Amid the rapid development of blockchain technology, China is taking great strides towards promoting the integration of this technology with various sectors of its economy. On March 29th, the 11th plenary meeting of the Trusted Blockchain Promotion Plan (TBI) of the China Academy of Communications was held in Hangzhou, where several companies came together to establish a data trusted circulation project team. This team aims to explore the integration of blockchain technology with the data industry and establish relevant standards for data trusted circulation.

What is the Data Trusted Circulation Project Team?

The data trusted circulation project team is a newly established team aiming to promote the development of blockchain technology within the data industry. The team is led by three prominent companies, namely China Power Great Wall Internet System Application Co., Ltd., Guiyang Big Data Exchange, and Ant Chain. Together, these companies are looking to explore the integration of blockchain technology with data element circulation, application systems, and typical scenarios.

Why is the Establishment of the Data Trust Circulation Project Important?

With the ever-increasing amount of data produced every day, it has become more important than ever to ensure proper data management and security. The integration of blockchain technology with the data industry could lead to a more secure and efficient way of handling data. Blockchain technology provides a decentralized, immutable, and transparent ledger that can greatly improve the reliability and traceability of data.

What are the Goals of the Data Trusted Circulation Project Team?

The primary goals of the data trusted circulation project team are to explore the fusion technologies between blockchain and the data industry and to find typical scenarios for data element circulation. The team will also work to establish relevant standards and technical specifications for data trusted circulation. These standards will help to ensure that data is managed in a secure and reliable way while maintaining transparency and accuracy.

How Does the Data Trusted Circulation Project Affect the Current Landscape?

The data trusted circulation project marks a significant milestone in the development of blockchain technology within the data industry. The integration of blockchain technology with data element circulation will increase the security and transparency of data management, leading to more efficient digital communication between entities. Furthermore, by establishing relevant standards and technical specifications, the team will help to ensure data management is done in a standardized way that can integrate with other parts of the industry.

What Does the Establishment of the Data Trusted Circulation Project Mean for the Future?

The establishment of the data trusted circulation project team is just the beginning of a new age for blockchain technology and its integration with the data industry. As the standards and technical specifications for data trusted circulation are established, we can expect to see more widespread integration of blockchain technology into the data industry. This could lead to a more secure and efficient way of handling data, with increased transparency and trust in digital communication.

Conclusion

The data trusted circulation project team is a group of companies working towards improving the integration of blockchain technology with the data industry. As the amount of data produced every day increases exponentially, it is becoming more important than ever to ensure proper data management and security. The establishment of the data trusted circulation project team is a significant milestone in this direction and marks the beginning of a new age in blockchain technology’s integration with various sectors of the economy.

FAQs

1. How will the establishment of the data trusted circulation project team benefit the data industry?
The establishment of the data trusted circulation project team will lead to a more secure and efficient way of handling data. The integration of blockchain technology with the data industry will increase the reliability and traceability of data.
2. What are the goals of the data trusted circulation project team?
The data trusted circulation project team aims to explore the integration of blockchain technology with data element circulation, create relevant standards and technical specifications, and find typical scenarios for data element circulation.
3. What does the future hold for the data trusted circulation project?
As standards and technical specifications for data trusted circulation are established, we can expect to see more widespread integration of blockchain technology into the data industry, leading to more secure and efficient data management.