The theme of this gathering is the establishment of W3C digital asset community group, and the members of the gatheringwill brainstorm for the later operation and construction of the community group. Among them, president Zhang, head of Jiangsu Institute of Quality and Standardization, said that as the only national testing laboratory set up by the standardization front in China, the Provincial Institute of standards has always been committed to the development of China’s testing standards. For the work of the global standard W3C, digital assets, as the core of 5g new infrastructure, include asset safety, product testing and property rights Registration and confirmation of rights and other aspects of research, is an important topic. Jiangsu Yaoshi law firm also said that for the security of digital assets, we can solve the needs of enterprises by combining the legal level, agreement and planning, and at the same time, we can also explore research topics by combining the technologies such as electronic signature. The main task of the latter digital asset community group is to select suitable topics for further research, and explore the possibility of business cooperation through the exchange of members and members.
Digital ssset standard Community Group
The primary mission of the community group is to bring together (top companies, universities, and teams involved in digital finance technology in various industries) and frontier technology in digital finance to push forward the development to digital asset standardization.
What is a digital asset? A digital asset is data with unique identity attributes that are binary coded, owned, or controlled by a company or individual. The data has various manifestations, including text content, images, multimedia, Computer programs, etc. Generally speaking, digital assets include websites and their content, domain names, application software, codes, electronic documents, image content, media content, electronic money, emails, game accounts, other accounts & their content, social network accounts & their relationships and cloud service accounts & their data, etc.
The digital asset on the blockchain owns all the general attributes of digital assets above, it also has other characteristics: the computer programs registered on blockchain ledger or distributed ledger, as well as the virtual assets existed in the form of bit structure, can be programmed. The exchange of assets is essentially the exchange of code. The digital assets on the blockchain can achieve complete disintermediation of autonomous and autonomous point-to-point transactions without the need for third-party manual intervention. Once the asset is issued on the blockchain, the subsequent circulation link can be independent of the issuer’s system. As the asset circulation is changed from single-center control to socialized communication, any channel with resources can become a catalyst for asset circulation, which greatly improve the efficiency of digital asset circulation, and truly achieve the effect of "multi-party issuance and free circulation."
To welcome the era of asset digitization, the group is formed to technically communicate and cooperate with other members, and to develop a broader market together. The problems that we are trying to solve in this group are:
- Digital asset operation, trading, development, and supervision standardization;
- Formation of industry alliances and specification of industry standards;
- Universal education of digital assets
The group aims to support pioneer companies that explore digital assets, encourage communication and cooperation. We are expecting deliverables such as published reports and a service platform on this basis.
Note: Community Groups are proposed and run by the community. Although W3C hosts these conversations, the groups do not necessarily represent the views of the W3C Membership or staff.