Digital RMB speeds up, MTC intelligent traffic chain helps enterprises digital transformation

After Shenzhen Luohu first tested and issued the digital RMB red envelope in October, the current digital RMB red envelope pilot work in Suzhou has also come to a successful conclusion. According to the latest data released by JD.com, from 20 o’clock on the 11th to 20 o’clock on the 11th in 24 hours, nearly 20,000 orders were paid in digital renminbi on the JD scene. The largest single online payment amount exceeds 10,000 yuan.

There is no doubt that with the orderly conduct of the digital RMB test, the digital economy era has come in full swing. In all walks of life seeking an important gateway for digital transformation, the frontier technology represented by blockchain will usher in greater room for development.

In the Suzhou pilot digital renminbi, users can not only consume at designated offline merchants, but also add online scenarios. For the first time, the central bank’s digital currency has cooperated with e-commerce JD.com. JD.com supports users to use digital RMB to pay when purchasing self-operated goods. In addition, winners who choose ICBC Wallet can also use digital RMB red envelopes in Meituan Bikes and Didi Travel. CCB can be used in Shanrong Business under CCB, while Bank of China can be used in Bilibili.

Not only that, this event also selected some people from customers who participated in the digital RMB consumption red envelope draw to participate in the offline wallet experience. When the user has no internet, just touch the two mobile phones and exchange the wallet key to complete the transfer transaction.

Unlike the previous Shenzhen pilot digital renminbi which only covered the four major banks of industry, agriculture, China and China Construction, the Suzhou pilot also added China Transportation and China Postal Savings.

According to the latest report, after the completion of the Suzhou digital RMB red envelope pilot, the pilot city will be further expanded. In addition to the already announced scenes for the Xiong’an, Chengdu, Shenzhen and the Winter Olympics, there will be six additional pilot projects in Shanghai, Changsha, Hainan, Qingdao, Dalian and Xi’an. At the same time, the test scenarios will be further enriched. In addition to consumer subsidies, scenarios such as subsidy payment and tax payment may also be involved. In addition to the six major banks mentioned above, participating banks, large joint-stock banks and city commercial banks may also participate in the test.

As the underlying technology supporting the digital economy, emerging technologies such as 5G, big data, artificial intelligence, and blockchain will play a key role in the new round of industrial transformation. Among them, the block chain has been set by the senior management as an important breakthrough for independent innovation of core technology since the end of October last year. On April 20 this year, it was officially included in the scope of the new infrastructure and ranked among the information infrastructure of the new infrastructure. It is evident how much the decision-makers attach to this emerging technology.

Relying on the characteristics of distributed, trustless, non-tamperable, transferable value and programmable, blockchain constitutes a new data trust mechanism. This forms a credible value network, which may have a subversive impact on all aspects of social life. If the blockchain can be deeply integrated with the real economy, it will greatly promote the upgrading of traditional industries. At the same time, this will improve the efficiency of social operations and promote the development of the digital economy.

In the past few years, blockchain has continuously made breakthroughs in technology and application landing. Especially under the overall advantage of the national overall plan, the combination of blockchain and all walks of life has achieved full bloom. It has covered all industries including finance, copyright, public welfare, medical care, retail, logistics, and credible identity authentication.

At the same time, more and more companies are stepping up the deployment of blockchain and actively implementing business transformation. However, related problems have gradually surfaced. More and more people are beginning to worry about whether there will be information islands brought about by the blockchain itself?

In fact, in the current value Internet era, leading companies control more than 90% of the entire network’s traffic, and have already formed a data monopoly pattern. The openness and transparency and decentralization of the blockchain are widely regarded as a great weapon to break the problem of information islands. However, the reality is that with the blockchain, in order to ensure data rights and privacy protection, data needs to be encrypted. This kind of data invisibility and unavailability may lead to greater data fragmentation problems.

The emergence of MTC intelligent traffic chain can effectively crack the core pain points of large-scale traffic applications of blockchain. It can better serve the new infrastructure, digital transformation and 5G commercial ecology.

The MTC intelligent traffic chain is a new generation of intelligent traffic application aggregation public chain and the world’s first commercial-grade value public chain. MTC combines innovative technologies such as blockchain, 5G, AI, and big data to propose a distributed traffic pool MTCENGINE, a mergerable governance structure MER, and a Metcalfe pass model. It adopts MBFT consensus based on distributed traffic management and is compatible with IPFS and cloud computing architecture. It forms a million-level content change node by activating the widest range of user idle traffic, providing convenient chain reform, business transformation, and model reconstruction for large-scale traffic industries such as live e-commerce, short video, large-scale games, and scene finance. And it provides companies with a value flow ecosystem in the digital economy era.

At present, the MTC intelligent traffic chain has entered the era of 2.0 ecological journey. In order to accelerate the implementation and ecological layout of blockchain large-flow applications, the team has successively launched the M+ flow blue ocean commercial plan and the “M+” fund.

Among them, the M+ Flow Blue Ocean Commercial Plan aims to make full use of the advantages of MTC’s “integrated flow management” and “compatibility with centralized and decentralized flow paradigms” through the support of manpower, technology and token power. This will promote and cultivate the application ecology of smart traffic chain in high traffic, such as: live video, large-scale games, large-scale advertising, Internet of Things and other scenarios.

The “M+” fund hopes to fully tap and cultivate potential community teams through the support of technology, capital, resources and other aspects. The “M+” fund will help them build the market and jointly promote the prosperity of the MTC high-traffic ecosystem through the ecological feedback development model of foundation + high-quality community. This will provide a steady stream of power for the sustainable development of the global blockchain industry.

In the future, MTC will continue to strive towards the goal of large-scale traffic commercialization. By gathering many professional and excellent development teams around the world, we create more heavyweight applications and build a large-flow application matrix. By covering many fields such as finance, games, storage, video, etc., this will affect the traffic circle of many countries and communities, and bring more efficient and convenient life services to more users.

Metcalfe Chain(MTC) is a new generation of intelligent traffic application aggregation public chain.