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Analysis: China will Accelerate Digitalization After Coronavirus

At the time of the SARS outbreak, China was speeding its step into the Internet era. Driven by the pressure of media public opinion, the state realized the necessity of bringing Internet tools into the governance system.

The outbreak of the coronavirus put the national epidemic warning system, the media public opinion environment, public welfare livelihood services under an unprecedented stress test. Obviously digitalized governance will also be included in the next stage of the national governance system.

After the outbreak of coronavirus, the state will accelerate the digital governance, and promote the rapid integration of 5G, Internet of things, especially blockchain industries, just like after SARS outbreak, the state will vigorously develop the Internet.

In fact, in the environment of the Internet before 2014, it is undoubtedly effective for the government to make information transparent as the mobile Internet did not appear. The mass access to information mainly came from traditional Internet portals or forums. The dissemination of information depended on the exposure and recommendation of the platform’s focus. The contents displayed on the Internet was basically reviewed first, and the official media could control the public opinion orderly.

However, the rise of the mobile Internet reduces the cost of everyone’s participation in Internet opinion expression. As the current public opinion environment is out of control, it is obviously impossible to rely on the traditional centralized review mode.

In the era of mobile Internet, China must keep pace with the times and use new digital governance capabilities to reduce the possible friction between public opinions and national governance.

Blockchain technology can put some government processes on the government chain, which process is stuck in the process that can be clearly displayed. Blockchain technology can improve the efficiency of organization collaboration. The state has been trying to simplify the process of government affairs, reduce the meeting process, shorten the approval process of certificates, and implement e-governance.

After the epidemic, the state will take the lead in implementing the blockchain governance plan, exploring the possibility of the implementation of blockchain-based government affairs, blockchain-based people’s livelihood, blockchain-based supply chain finance. Under the strong rhythm of the national team, the blockchain technology will gradually be recognized by the mainstream business society, and traditional enterprises, Internet enterprises.

Not surprisingly, the state will accelerate the issuance of the central bank’s digital currency (DCEP). Seemingly DCEP will replace M0, in fact, it is to build the underlying infrastructure for the implementation of blockchain technology in the vertical industry. When everyone’s mobile phone is equipped with a digital wallet that can transmit digital currency, the niche market of blockchain will be lifted to a new level.

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