Can blockchain become Taiwan’s next TSMC?
Blockchain and virtual currency dominate, and Taiwan is committed to building the largest and most complete blockchain technology and digital currency financial new technology development exchange center.
【 Published by China Times | Editor: Jet Yang 】
The market of Bitcoin and Ether has repeatedly hit new highs, and the price of roller coaster rides has left investors in the mainstream world unclear. After all, Coinbase, the largest cryptocurrency exchange in the United States, has been successfully listed, and MIT blockchain expert Gary Gensler will become the chairman of the US Securities and Exchange Commission (SEC). The news is so good that cryptocurrency The world continues to be hot.
However, it is rumored that the U.S. Treasury Department will sue a number of financial institutions for the possible use of cryptocurrency to launder money, which caused Bitcoin to plummet by $8,000 in 15 minutes on the morning of the 18th! It can be seen that the openness of policies and regulatory methods in various countries has become two sides of the development of the blockchain and cryptocurrency industries.
Since the mainland banned the non-governmental “launch currency” on September 4, 2017, after two years of sinking, until October 24, 2019, mainland President Xi Jinping gave the green light to blockchain applications. Now another year has passed. Many, the market order is indeed gradually established. In particular, the central bank digital currency (CBDC) that the People’s Bank of China is experimenting with has been on the road in Suzhou, Shenzhen, Chengdu, and Xiong’an New District. Coupled with the continuous rectification and improvement of the huge cash flow system of Ant Financial and Alipay, it can be seen that the Beijing government is making progress and layout.
Government policies should become the key competitiveness of industrial development. This is the common voice of the industry. At the 4th “Hit AI & Blockchain” Industry Summit initiated and hosted in Taiwan on January 6 this year, Vice-President Lai Ching-te emphasized in his speech, “With the artificial intelligence of the blockchain, the benefits will be improved. Higher; with the artificial intelligence of the blockchain, it is not only safer but also more transparent, because every piece of data can be tracked.”
Taipei Mayor Ko Wen-je and Deputy Mayor Vivian Huang also gave speeches at the summit and shared that the “Taipei Ark” in Nangang is an international blockchain theme pavilion and will build a blockchain technology service verification demonstration base here. To make Taipei a key city for blockchain development, and make Taipei a digital city with international competitiveness!”
The vice president and the mayor of the capital stood up on the same day and pledged that this is a rare good wind and an auspicious omen for governments all over the world. In addition, the Executive Yuan has already required all major virtual currency trading platforms in accordance with the “Money Laundering Prevention Law” to thoroughly improve user authentication and cash flow standards from July 1, 2021. It can be seen that Taiwan is really ready.
Taiwan’s blockchain innovations are indeed not far behind. In the wave of decentralized finance (DeFi) last year, many teams have already appeared on the international stage. This year’s non-fungible token (NFT) encryption art trend has also attracted the active participation of emerging artists and galleries. The recent Taipei New Art A large number of NFT artworks were curated publicly at the expo.
Christie’s auctioned “Everdays: The First 5000 Days” collage at the end of February and finally sold for $69.34 million, setting a new high in NFT history. The founder of Twitter, Jack Dorsey, also sold his first personal post published in 2006 as NFT, with a bid price of more than $2.9 million.
Also initiated and hosted by Taiwan, the fifth “Hit FinTech” Industry Summit will be held on May 26 this year. In addition to inviting Financial Supervisory Commission Chairman Huang Tien-mu and more than 30 industry, government, academic and research leaders in person Outside the venue, they will conduct in-depth discussions on the two major outlets of DeFi and NFT, and share the results of pure online banking and electronic payment.
The key is that Taiwan’s technology industry must make new money! Five years ago, most people had never heard of blockchain and Bitcoin. Now when non-mainstream industries are about to become mainstream, Taiwan must not be left behind.
We all know that TSMC is the result of hard work in the past 30 years. What about the next 30 years? Blockchain is indeed an ongoing star industry, and it is worthwhile to actively invest more resources in production, government, education, and research.
■ Source: China Times
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