Yu Xuemai from Baoquan joined the OKcoin activities about Hangzhou Blockchain Tour

The Hangzhou Bitcoin Blockchain offline activity was held by the biggest Bitcoin exchange platform OKCoin in Hangzhou on December 17,2016. The Co-founder Yu Xuemai of Baoquan was invited to participate in the activity to discuss the topic about 《The value of digital assets in cultural industry through Blockchain》.

As for the creative product,  the formation of cultural creative industry is under the global background basis of consumption and entertainment, owning the two kinds of attributes of creative and economic value. The traditional cultural products always be traded by the offline mode, and there is no way to authenticate the creative and economic value online. Yet now the digitalization of assets becoming the main trend and Yu Xuemai shared the way to come into being the digital capitalization for cultural value.

 The source of culture value comes from the human creative expression of the sprit connotation. Through the expression of sprit connotation to satisfy the human beings for  their own entertainments and collections, and further enhance and excavate the human aesthetic and spiritual pursuit , so as to stimulate a new wheel innovation. Therefore, the cultural creative industry and product creation both for the supply and demand, then the cultural creative products produce the great effects of  value cycle accumulation during the transforming process .   As for these intangible assets, while being digitalized and trading directly on the Internet, Yu Xuemai took the jade and stamp as example to do presentation.

The traditional cultural assets have some limitations in digitization, including the distinguish of jade and stamp coin, the stone carving, the form of jade and so on. However, all of these factors can not be reflected the value that is not acceptable in the digital transformation process.

From above, it is obvious that a credible medium is needed for the transforming of traditional assets to digitization. And blockchain has the characteristics of openness, distribution and immutability. The digitization of cultural assets can make the whole process recording on the Blockchain by the blockchain technology that is unchangeable. Once  recognized by the blockchain,   the digital assets can be further for the mortgages and income rights transfer, realizing the digital asset securitization. After the digital asset securitization, the digital assets can be divided and sold to further attract the participation of the small and medium investors. The high cultural assets can be divided into small decentralized investment opportunities, then to attract the investors to discover the market value. Accordingly, led to the realization of the true value of the culture industry through the enhancement of financial liquidity.

For the great value of Blockchain in cultural digital assets, Yi Xuemai introduced the next Blockchain project about the digitization of the intellectual property. With the credibility of Blockchain, digitizing the copyright, domain name, trademark, patent and so on, further to establish the Blockchain intellectual property exchange market, moving forward to the asset securitization and asset digitization.