In June 2008 +2008 10, a cryptographer who claimed to be Satoshi Nakamoto published his paper Bitcoin: A Peer-to-Peer Electronic Money System. This paper describes a completely decentralized digital currency, and blockchain, as its underlying technology, has since entered the public eye. After ten years of development, blockchain is gradually becoming one of the most likely technologies to change the world. Quoting Wikipedia's description of blockchain, blockchain is a self-growing list of transaction records (also known as blocks), which are connected by encryption technology to protect content. Each block contains the hash value of the previous block, the timestamp of this block and transaction data (usually represented by the hash value of Merkel tree structure), which makes the block content difficult to tamper with. Using blockchain can enable multiple parties to effectively record transactions and permanently check the transactions.

Blockchain has triggered new wealth distribution and new changes.

The interpretation of the epidemic highlights the non-contact characteristics of the digital economy. Since the beginning of this year, under the impact of the once-in-a-century epidemic, the markets of China and the United States have led the world so far, and the related sectors of the digital economy have led other sectors, which may have its inherent logic. The four characteristics of digital economy, such as scale economy, network effect, scope economy and non-competitiveness, are relatively more conducive to the big market. There is no doubt about the position of American stock market in the era of digital economy. Based on the characteristics of large population, high density and wide geographical area, China may also establish its own comparative advantages in the era of digital economy and foster better investment opportunities.

Digital Economy, Ten Trends

1) The digital economy has changed the geographical pattern, and China and the United States may continue to lead the wave of digital economy.

2) Online and platform services

3) Services can be traded;

4) Automation and intelligence of manufacturing, and continuous connection between product producers and users;

5) Customization, personalization and timely response of manufacturing, shortening the distance from factory to consumer, and reconciling the contradiction between product scale and personalization;

6) Digitalization gives birth to a "giant" platform: the scale of enterprises with strong platform attributes may still be further expanded;

7) Numbers change the asset structure of enterprises: enterprises value physical assets, human capital and data assets, and talents and innovation ability are more important;

8) Numbers change individuals: lifelong education and learning;

9) Digital transformation of public services: digital government affairs and smart city upgrading; 10) China may increase its efforts to promote technological progress and import substitution of hardware and software at the core of its digital economy.