> For the complete documentation index, see [llms.txt](https://smartchain-mobile1.gitbook.io/smartchain-mobile1-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smartchain-mobile1.gitbook.io/smartchain-mobile1-whitepaper/background/overview-and-background-of-computing-power.md).

# Overview and Background of Computing Power

omputing power is the new productivity of the digital economy era and has become a core driving force and a solid foundation for supporting its development. It plays a crucial role in advancing technological progress, promoting industry digital transformation, and supporting economic and social growth. According to reports, every $1 invested in computing power generates $3 to $4 in economic output.

Currently, the development of computing power faces challenges related to application diversification and supply-demand imbalances.

On one hand, the rapid emergence of new technologies in the computing power market, the advent of artificial intelligence, the exponential growth of massive data, and the increasing diversity of application scenarios have stimulated computing power growth by several orders of magnitude, accelerating the need for diversified computing power upgrades.

On the other hand, improving computing power faces multi-dimensional challenges. The transformation of chips to meet computing power demands still lags significantly, and existing computing technology upgrades only achieve limited increases in computing capacity each year. The supply-demand gap remains large, and both hardware and architecture levels urgently require technological advancements.

In the digital economy era, the strength of computing power is a key indicator of the level of digital productivity development of nations and regions. It also signifies the productivity of a country.

The computing power industry serves as the foundation for a country's technological advancement and competitiveness. Computing power technology is the source of innovation and the driving force for computing power development. A supportive computing environment is a crucial condition for growth, providing auxiliary capabilities. The application of computing power reflects demand and acts as a traction force.

Advanced computing technologies and industries, as representatives of computing power innovation, provide solid support for scaling computing power. A conducive computing environment lays the groundwork for growth, offering a foundation for technology and industry development. Meanwhile, applications drive scale and industrial growth, stimulating technological upgrades.


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