Improve the level of governance system and accelerate the implementation of strategic transformation - Application analysis of blockchain technology

With the continuous development of the Chinese economy, China’s digital economy has entered the fast lane. We need to promote the deep integration of digital and real economies. The integrated application of blockchain technology is essential in new technological innovation and industrial change. Blockchain technology is developing rapidly in our country and profoundly integrating with many industries. It promotes trust between upstream and downstream sectors, enables efficient data sharing, and enhances risk prevention capabilities. Therefore, by analyzing the strategic requirements of “Five businesses of China Communications Construction Co., Ltd. “ and the governance system of building a “living community,” this paper explores blockchain technology’s essence and application scenarios. It proposes to build a governance system and implementation path of “trust the Internet” with the help of the application of blockchain technology in China Communications Construction Co., Ltd. Group to improve the overall governance level. Finally, we conducted a risk analysis of the CCCC governance system based on blockchain technology to ensure the smooth implementation of the scheme.