Author: Xie Wei, Executive Deputy Director of Loudi Blockchain Industry Development Leading Group Office, General Manager of State-owned Capital Investment and Operation Co., Ltd. and General Manager of Hunan Chain City Private Equity Investment Fund Management Co. He came into contact with blockchain at the end of 2016, promoted the establishment of a blockchain industrial park in Loudi and successfully completed the development of several projects and put them into commercial operation.

On January 6, 2021, the General Office of the State Council issued the "Comprehensive Reform Pilot Program for Market-based Allocation of Factors" (hereinafter referred to as the program), proposing to give full play to the decisive role of the market in the allocation of resources, better play the role of the government, focus on breaking down the institutional and institutional barriers that hinder the independent and orderly flow of factors, and comprehensively improve the efficiency of the synergistic allocation of factors. Recently, through careful and repeated study, I think the "program" for the comprehensive deepening of reform, to meet the new era of development opportunities have a very far-reaching impact.

First, it is a milestone of reform towards deep water

At the Third Plenary Session of the 18th CPC Central Committee, the guiding ideology, target tasks and major principles of comprehensive deepening reform were put forward, and reform tasks such as deepening economic system reform were systematically deployed to focus closely on making the market play a decisive role in resource allocation. on April 9, 2020, the CPC Central Committee and the State Council issued "Opinions on Building a More Perfect Institutional Mechanism for Market-Based Allocation of Factors", which clearly pointed out that promoting land, labor, capital, technology, data and other 5 major factor markets. This time, the Program is the first time to put forward specific reform direction from the factor allocation level, and at the same time, it can be combined with local characteristics to find the suitable pilot direction.

Second, it is a "testing ground" for small and medium-sized cities to achieve catch-up

Due to the constraints of population size, employment structure, development momentum and other factors, more and more small and medium-sized cities have entered the development dilemma of resource depletion, population loss, industrial decline and difficult employment. The "program" clearly pointed out that "support the areas with the conditions to combine the actual bold reform and exploration, respect the spirit of grassroots initiative, focus on summing up experience, timely standardization and upgrading, to provide the country with replicable and extendable path model", "focus on the key areas of factor market construction, key links and The most strongly reflected by market players, encourage localities to combine their own characteristics to carry out differentiated pilot exploration". This makes the majority of small and medium-sized cities have the opportunity to participate in the comprehensive pilot, once the breakthrough of the factor allocation bottleneck, is expected to achieve leapfrog development. Against the analysis of the development foundation of Loudi city, combined with the practice of Loudi city blockchain industry development model, the understanding of the huge opportunities for the marketization of data elements, we have every opportunity to look for innovative models of factor markets that meet Chinese characteristics and are conducive to replication in the majority of third and fourth-tier cities.

Loudi can focus on the land factor area to consider in the cross-provincial indicator trading, industrial, urban land output efficiency evaluation and transfer and rural property rights transfer market and other three directions to promote pilot; in the field of labor factors, focusing on population development monitoring and data to support urban planning direction to promote pilot; in the field of capital factors, focusing on the creation of credible and available credit information platform to promote pilot; in the field of technology factors In the field of data elements, the focus is on building city-level data openness and trading platform based on blockchain and privacy computing technology and taking the lead in opening up application scenarios that contribute to national economic development, such as in the fields of taxation, health and logistics; in the direction of basic innovation, taking the lead in expanding public resource transactions, linking with government affairs, and all-factor market innovation. In the basic direction of innovation, we will take the lead to make breakthroughs in the direction of expanding the public resources transaction, linking with government affairs and approving and monitoring all factors of market data.

Third, it is a guide for the direction of industrial development in the new era

From the Program, 12 industrial development opportunity points are observed:

1, urban and rural construction land increase/decrease linkage balance indicators (including arable land balance indicators, etc.) monitoring and trading platform will become a demand to achieve real-time dynamic management of area, quality and ecology, and assist in analysis and decision-making, while gradually opening up data.

2、Industrial and urban land industrial efficiency evaluation and transfer pilot in an orderly manner to quantify land use efficiency and transfer conditions, and gradually become an open market.

3, the construction of people-centered identity big data exchange system will become the trend, overlay all the information related to people, under the condition of privacy protection of operator data, health and other sensitive information, can consider gradually open and achieve similar license, points platform, so that information can flow between permanent residence.

4, the "program" proposed "the construction of population development monitoring and analysis system, to provide support for the formulation of major policies, the allocation of public resources, urban operation and management. Establish and improve the financial transfer payment, housing supply, teacher and doctor establishment and other guarantee mechanisms that are commensurate with the size of the resident population in the region." and I in 2019 and the Beijing Real Estate Center to Loudi in a visit to the views of the very consistent, relying on real estate registration and use of data, through the integration of communications operators data, hospital school records, to support the analysis of population flow in Beijing, but also can be used as the city schools, hospitals and other public infrastructure planning decision analysis.

5、Talent points are expected to become a pilot, which can be linked to the demand for talents in the whole society, and the opening of data is crucial to match the local industry chain and talent chain.

6、Through blockchain + privacy computing technology, chain through the existing supply chain bill platform, movable property financing public platform, accounts receivable financing service platform, open financial intranet and government extranet data, and build a credit information platform that really links the whole society.

7, the construction of links to all factors of the integrated platform configuration innovation platform, while interoperable with the intellectual property protection and trading system, science and technology innovation board, venture capital board and other direct financing system, will play a greater role in the data to assist in analysis, rather than the current situation just rely on the hair audit registration system gatekeeper.

8, government authorization, "original data not out of the domain, data available not visible", controllable and measurable, become the standard requirements of the new era of data open platform. Related technologies and qualifications will become popular areas, and emerging data service providers such as data asset appraisers, settlement, and model building will become new popular professions.

9, to enhance the people's sense of well-being, help the development of small and medium-sized enterprises in important areas of data opening will be accelerated, cross-field, cross-regional, cross-government and enterprise integration is the key, the pilot proposal to focus on breakthroughs in taxation, health and logistics data.

10、Platform products that meet the requirements of graded and classified data security monitoring will become the explosive products after the public opinion monitoring platform.

11、The market-oriented reform of electricity will be further broken, and the platform-type products built based on blockchain technology and supporting regional and expandable electricity trading data will become the hot products to break through the market-oriented electricity.

12、Green factor trading will really go to the market, carbon emission rights, energy use rights, environmental quality bottom-line indicators will be the first market.

13, the national public resources trading sector will usher in a historic expansion and upgrading opportunities, the future and the existing government and financial system of various elements of the registration system platform will be interoperable, such as and natural resources department of mineral and real estate registration, local stock exchange, financial institutions, etc. interoperable, and no longer each fragmented trading system. The future public resources trading center will no longer be a trading supervision and service institution, but an institution that focuses on trading data and improves efficiency through rapid scale use of data. Products with stronger regulatory affinity functions that are visual, expandable, and can assist in analysis will become hot.