In terms of transaction throughput, this new chip has surpassed the performance metrics of Visa and Mastercard under peak load. This is not a simple breakthrough in technical details, but a key leap in the underlying architecture.
Developed based on the RISC-V open-source instruction set architecture, the chip achieves complete domestic production from the core instruction set to the operating system, completely eliminating dependence on foreign semiconductor technology. As the core of China's first fully independent open-source blockchain software and hardware integrated system, it is equipped with an operating system with more than three million lines of open-source code, marking a key step for China in the field of underlying blockchain technology.
In the past, the outside world often questioned the sustainability of China's blockchain technology due to its reliance on foreign chip architectures. Now, this structural concern has been significantly weakened.
This system is not a laboratory prototype, but has been scaled up in actual government and industrial scenarios. Currently, it has been deployed in 16 central ministries and 27 large state-owned enterprises, covering key units such as the State Grid, China Telecom, and Sinopec. More than 300,000 cross-border trade companies have access to the chain, with a cumulative transaction volume of trillions of RMB.
In the financial field, banks are using this infrastructure to achieve real-time verification of invoice data, greatly shortening the financing process for small and medium-sized enterprises, supporting same-day loans, and effectively alleviating the long-standing problems of financing difficulties and high financing costs in the traditional credit system.
Industry experts generally believe that this progress should not be simply classified as a cryptocurrency event, but as China's strategic move to promote the "on-chaining of real assets" - gradually migrating key government and commercial processes such as customs, taxation, logistics, and cross-border payments to a self-controlled digital infrastructure.
In the future, it remains to be seen whether this system will become a global competitor challenging the Western financial clearing system, or mainly serve the domestic closed-loop ecosystem. But what is clear is that the hardware foundation supporting these two possibilities has already taken shape.