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❶ Ant Group disclosed its prospectus document. What is the purpose of this move?

On the evening of August 25, the Shanghai Stock Exchange accepted the application of Ant Technology Group Co., Ltd. ("Ant Group" for short) ) applied for listing on the Science and Technology Innovation Board, the company plans to raise 48 billion yuan to further support the digital upgrade of the service industry to expand domestic demand, strengthen global cooperation and promote global sustainable development, and support the company to increase technology research and development and innovation.

After Ant went public, its main investment in raising funds was investment in innovation and technology. Ant Group drives its business with technology and innovation. Compared with At present, companies in the financial industry are only exploring and applying more mature technologies, which to a certain extent is a dimensionality reduction attack.

❷ New opportunities for blockchain development, the future under the new sharing model

1. After equipped with blockchain, the computing power candy Power Candy "new sharing" has been put into practice

The sharing economy is booming in the Internet environment, but in the current sharing model, "physical sharing" is still the mainstream model, such as shared bicycles, shared charging, shared luggage, shared hotels, etc.

It is true that the contradiction between idleness and lack of physical resources in different projects is the most obvious. For example, people often face traveling without a car or do not want to drive. Therefore, the physical sharing model emerged as the times require. In addition, technological simplicity also allows the most direct application of sharing physical objects to be implemented first.

In fact, blockchain is consistent with the sharing economy in terms of technical applications and business models. The POC computing power candy + sharing economy model launched in 2018 has catalyzed the "new sharing" There is a realized application foundation and long-term prospect planning, which may help the new sharing economy get out of the fog and keep the blockchain away from the hustle and bustle.

Based on this sharing model between super nodes and users, POC intends to expand it so that users (including enterprise users), other users and enterprises can share resources. A "new sharing" model to achieve a "new Internet" with resource synergy and maximum energy efficiency.

The key to the problem becomes how to establish mutual trust with the participation of multiple parties, and decentralization ensures that there is no interest control. This coincides with the concept of POC computing power candy. The launch of POC super nodes is undoubtedly the inevitable result of computing power candy realizing "new sharing" with the help of blockchain technology.

Referring to the concept of the white paper, a series of application scenario settings of POC are also in line with the two-way catalytic relationship between blockchain and "new sharing". This may be the reason for the announcement amidst the clamor of blockchain public opinion. The reason why the POC at the meeting was still confident.

2. "New Sharing" + Computing Candy POC Jumps to the Technical Level

First of all, it is the catalytic effect of computing power candy technology on "new sharing", which is more reflected in the technical level .

(1) This new sharing feature is actually decentralization, the concept of "weakening platform ownership and strengthening shared management rights", which again coincides with POC computing power candy, using new It is inevitable for technology to achieve new shared decentralization. The principle is that the computing power candy platform does not need to participate in the transactions between users, and these "rights" are owned by the super nodes, and POC has countless nodes, thus achieving decentralization and new sharing by super nodes. Model principles.

(2) "To own but not to possess", both have the same vision of decentralization. There are multiple stakeholders in the new sharing of POC computing power candy, which essentially follows the "own but not possess" characteristic of the sharing economy: all participants can enjoy the resources in the system equally and efficiently, but no one can possess the system. Seek extra personal gain of your own. Each user has the right to become a super node, perform their obligations under the supervision of the entire network, and independently obtain super node benefits.

3. Power Candy + "New Sharing" to realize the Internet of Value

(1) The goal of Power Candy is ultimately to return to how to deliver value . Although when it comes to blockchain, public opinion talks about keywords such as decentralization and trust mechanisms. From the practice of POC, we can also see that these characteristics have obvious technical and commercial value, but in terms of computing power candy For Power Candy itself, decentralization, trust, etc. are all its means to achieve the ultimate goal of the value Internet. This means that the participants in the POC project must transfer value to each other through it rather than traditional information, which has also become one of the criteria for identifying those "pseudo-blockchains".

(2) The combination of POC and blockchain is the appropriate practical field for the value Internet

The value of the value Internet in the computing power candy Power Candy means not only monetary value, Rather, it generally refers to resources that can produce utility. In POC planning, these values ​​realize direct flow, rather than needing to be translated from information into value (for example, WeChat's payment is essentially sending instruction information and then the transfer is executed by Tencent's backend).

In addition to reliable digital currency projects, POC is undoubtedly the most suitable blockchain application field for value flow. According to IHS forecasts, the global installed base of IoT devices will reach 207 in 2020billion, and will reach 75.4 billion in 2025. In such a huge network, there are a large number of value (computing power, storage, bandwidth, scenario analysis, identity authentication, payment authentication, etc.) flow requirements.

4. As the performance increases and the loss decreases, there are more possibilities for new sharing

Whether it is from new sharing to POC computing power candy, or from POC computing power candy to New sharing, both are mutually beneficial processes. In a situation where digital currencies have copied mining models as incentive mechanisms and are widely questioned, the combination of the sharing economy and POC computing power candy shows that blockchain can reversely reduce social costs. Resource consumption, performance improvement paradigm.

In any case, in today's world of constant quarrels about blockchain, under the new sharing concept, POC computing power candies tied to the sharing economy provide a solution that is not objectionable either on a logical level or on an intuitive level by the public. Blockchain practical cases, new sharing will have more application possibilities.

Overview of this week’s topics:

POC course, computing power candy cooperation model

New opportunities for blockchain development, the future under the new sharing model

Power Candy cooperates with the Sunflower KTV brand to apply blockchain

The in-depth integration and development of blockchain and transportation application scenarios

Candy Power

Candy blockchain application theory seminar

❸ Ant Group showed off the most down-to-earth cutting-edge technology Ant Chain running in the fields

Xin'an Evening News Anhui Net Dawan Client News As a technology company, Ant Group, the parent company of Alipay, is deeply involved in the fields of innovative technology and ecology, especially its cutting-edge technology blockchain. It gradually expands the ecology through the Ant Chain and builds a digital economy with the power of ecology. Trust foundation. With the joint efforts of partners, Ant Chain has been implemented in more than 50 scenarios, with more than 100 million daily uploads, forming the largest industrial blockchain ecosystem in China.

Dangshanli launched Ant Chain, expanding new online and offline retail channels.

Blockchain can build an ecosystem

In the past, it was difficult to establish trust between many small and medium-sized enterprises, and there were data islands between industries. However, as the industrial blockchain environment further develops, the role of blockchain in solving multi-party collaboration and trust has become increasingly apparent. Its transparent, traceable and non-tamperable features have greatly reduced the cost of social trust and improved social security. operating efficiency.

Therefore, many experts and scholars compare blockchain technology to a "trust machine", such as solving the trust between people and the trust between enterprises. This also determines that the ecological value in the blockchain environment is greater. For example, after recording the real trade of a small store in the blockchain, it is given credit value, recognized by banks, and dares to provide financing services; another example is that after opening up medical documents through the blockchain, they can be shared among medical institutions. , circulation, there will no longer be repeated filming and repeated prescription of medicines. Relevant medical insurance can also directly provide services based on this real medical document, benefiting everyone.

The wave of digitalization is coming. Jing Xiandong, chairman of Ant Group, once said that it is no exaggeration to say that blockchain is the most important technology in the digital era. Without the engine of trust, it is difficult for the digital economy to truly develop. He believes that blockchain is a new infrastructure of trust in the digital economy era and will be highly relevant to everyone and every small business in the future.

Ant Group is one of the technology companies currently firmly invested in the blockchain track. Ant Chain is committed to building a new infrastructure of trust in the digital economy era.

Currently, Ant Chain has ranked first in the world in terms of number of blockchain patents for four consecutive years. Technically, it can support 1 billion account sizes, 1 billion daily transactions, and achieve 100,000 cross-chain information processing capabilities per second (PPS), with the ability to be uploaded to the chain on a large scale. Since 2019, AntChain has begun commercialization and generating revenue.

Ant always insists on letting blockchain solve practical problems and serve more people. More than 50 implementation scenarios include supply chain finance, cross-border remittances, charitable donations, government affairs and people's livelihood, and product traceability. And every scenario basically works hand in hand with industry benchmarks to allow the blockchain to truly exert its ecological and social value.

The threshold for rights protection has been lowered and judicial efficiency has been improved. In May of this year, Ant Chain was used by the Guangzhou Internet Court for the first time to hear an intellectual property case. It only took 20 minutes to complete a lawsuit. The key evidence was clear at a glance, and the cross-examination process took a lot of time. Compared with traditional copyright protection, the related costs of this platform are saved by more than 95%, which greatly lowers the threshold for copyright protection.

For another example, Trusple, the international trade and financial services platform launched by Ant Chain at the Bund Conference, attracted the participation of five international banks, including BNP Paribas, Citibank, DBS Bank, Deutsche Bank, and Standard Chartered Bank. The platform is based on Ant Chain technology and improves payments between buyers and sellers in international trade.Certainty eliminates the trust barriers between the parties to the transaction and ensures that the money sent out can be received in time.

Yuan Jing, a small and medium-sized businessman from Yiwu, became the first person to "eat crabs". She sold her own crystal jewelry to Mexico through Ant Chain and received the payment the next day. In the past, transactions alone took more than a week, and payment arrears often occurred.

From the perspective of solving trust, Trusple is consistent with Alipay’s idea of ​​launching secured transactions. Trusple innovatively uses distributed secured transaction technology to establish a new international trade trust mechanism. For merchants, without transaction risks, business can be free; for banks, the credit on the chain is more trustworthy, which can reduce the risks of financial services. In addition, relying on Ant Chain technology, it can also connect more banks and small and medium-sized enterprises to expand the scope of financial services.

Make blockchain "down to earth"

For many people, blockchain, a brand-new technology, is aloof and elusive. On the one hand, it will take some time for this technology to be implemented on a large scale; on the other hand, many companies are "selling sheep before dogs", confusing the development of blockchain with virtual currency speculation, or falling into the whirlpool of conceptual hype. There is no actual technical solution implemented.

Technology exists to solve problems. There has never been a great company that became great simply because of technology. Compared with technologies such as AI and cloud computing, the development of blockchain has just begun. However, any new technology can only be accepted and known by more people if it stays close to the ground, and "down-to-earth" is also An important criterion for the healthy development of blockchain.

Jiang Guofei, vice president of Ant Group and president of the Intelligent Technology Business Group, said that blockchain is not mysterious. In the near future, blockchain will become a part of ordinary people's daily lives like mobile payment. .

Such a future is actually already on its way. More and more scenes and livelihood services that are closely related to ordinary people have the shadow of blockchain behind them.

Through Ant Chain, Dangshanli’s entire sales link is credible.

In September this year, the People’s Government of Dangshan County, Anhui Province, the Anhui Branch of the Agricultural Bank of China, and Ant Chain jointly signed a cooperation framework agreement to create the first domestic blockchain-based rural revitalization sample, allowing blockchain Technology is taking off in rural fields.

E-commerce in Dangshan is developed. Due to lack of trust, traditional e-commerce companies require cash and spot methods when purchasing agricultural products, resulting in very large working capital needs for e-commerce companies and their supply chain companies.

In this cooperation, the Dangshan County Government will join forces with Ant Chain and the Agricultural Bank of Anhui Province to develop the blockchain financial innovation center and realize the "business flow, business flow, and business flow" of the entire agricultural industry chain based on Ant Chain (business flow chain). The four streams of logistics, capital flow and information flow are integrated into one, providing services to agricultural-related entities, lowering corporate financing thresholds and saving corporate financing costs. Agriculture has since been boosted by financial power.

At the same time, "China's No. 1 Blockchain Village" was simultaneously launched in Liangli Village, Dangshan.

As a specialty of Dangshan County, Anhui Province, Dangshan Su Pear ranks first among the three traditional famous pears in China. It has a history of thousands of years. But the key is that the origin of agricultural products cannot be traced, and it is difficult for consumers to distinguish authenticity. There is no truly efficient communication bridge between high-quality agricultural products and consumers.

Through Ant Chain, the entire sales link of genuine Liangli Village pears is trustworthy. Once the quality is guaranteed, the sales channels will gradually improve. In Ant Chain Village, the flow of goods, funds and information in production and transactions will occur simultaneously on the chain, forming a credible data asset for production and operation entities, which can not only bring financing and other financial services, but also improve the efficiency of working capital turnover. Allowing all parties to increase revenue and profits.

It can be seen that with the help of technology, a fully digitalized village is gradually emerging.

❹ Can you make money by linking to AntChain?

I am happy to answer your question. How does Ant Blockchain make money? Answer: Ant Group is developing a new technology called LedgerDB, which is at least 80 times faster than the existing consortium chain. It claims to advance the era of large-scale application of blockchain by at least ten years. People close to Ant Group have learned that this new technology for blockchain databases is still in the research and development process. Since its emergence in 2009, blockchain technology has gradually been recognized by people and taken seriously in various industries. Blockchain systems are generally divided into public chains, alliance chains and proprietary chains based on different application scenarios and design systems. Because this technology provides nearly absolute data security and efficiency for multiple participants, many analysts believe that blockchain is extremely disruptive and can be used in many systems such as transactions, settlements, certifications, mutual trust and mutual assistance, etc. , and can even completely replace previous database technologies. How to make money in the blockchain currency speculation is mainly divided into the primary market (ICO) and the secondary market (exchange). ICO can be understood as the seed round of angel round investment for the project, which has higher risks. As a global market for blockchain assets, there is room for using various platforms to extract price differences. Currently, it is difficult to move the assets manually. From a technological perspective, blockchain involves many scientific and technical issues such as mathematics, cryptography, Internet and computer programming. From an application perspective, simply put, blockchain is a distributed shared ledger and database, which has the characteristics of decentralization, non-tampering, full traceability, traceability, collective maintenance, openness and transparency. These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for creating trust in the blockchain. The rich application scenarios of blockchain are basically based on the ability of blockchain to solve information

❺ Full analysis of Alipay’s mysterious blockchain product "Open Alliance Chain", the era of everyone joining the chain is here

The mysterious blockchain product that Ant has been teasing for many days has finally been unveiled.

On April 16, Ant officially announced its new blockchain product "Open Alliance Chain". The "Open Alliance Chain" claims to be a universal chain-linking product that "doesn't require a chain and can be uploaded quickly and at low cost" mainly for small and medium-sized enterprises and developers. It focuses on helping developers quickly deploy and develop blockchain-related applications.

According to Ant Blockchain Jin Ge, the "Open Alliance Chain" began testing in December last year. After more than three months of public testing, it has accumulated thousands of customers and developers (active ratio More than 10%), dozens of DApps have been built on the product.

This official announcement also heralds that the "Open Alliance Chain" will officially move from public beta to commercialization.

Lowering the threshold is an eternal topic in blockchain development.

Previously, when various Internet giants entered the cross-border blockchain field, they were willing to start with BaaS services.

BaaS services mainly focus on providing developers with a complete set of development tools to lower the threshold for developers to build their own alliance chain system.

How is the "open alliance chain" that emphasizes further lowering the entry threshold realized?

The biggest difference between "open alliance chain" and BaaS services is that developers can use the blockchain without purchasing servers or building nodes.

Specifically, small and medium-sized developers can directly access the blockchain and carry out on-chain business through the IDE, smart contract development templates, DApp development assistants, and other components provided by Ant Blockchain.

Jin Ge, general manager of the Ant Blockchain Platform Product Department, gave an example of traceability scenarios:

"Open Alliance Chain" is actually a product between a public chain and an industry alliance chain. But in terms of form, it is more inclined to the industry alliance chain.

There are also differences between "open alliance chains" and industry alliance chains. The customer levels and business models they cover are different.

In terms of customer level differences, industry alliance chains cover top customers, such as listed companies or leading companies similar in size to listed companies, which have greater influence in the industry. The "open alliance chain" covers small and medium-sized customers with small revenue and some developers.

In terms of business model differences, industry alliance chains are more connected in the form of projects, with long implementation cycles and project volumes exceeding one million. "Open Alliance Chain" emphasizes a ready-to-use, on-demand pricing model with a low threshold.

At the press conference, Jin Ge also made a detailed analysis of the five major capabilities of the "open alliance chain":

Overall, the "open alliance chain" Currently we are adopting a low-cost, low-threshold pricing service model.

It can be seen from the official website that the open alliance chain provides users with two versions: professional version and enterprise version. The products have three pricing levels, divided intoThey are 100 yuan/month (professional version, for testing novice developers), 999 yuan/year (professional version, for developers who really need to access the blockchain), 4888 yuan/year (enterprise version, for developers who really need to access the blockchain). Enterprise-level developers with relatively high frequency of transactions).

The enterprise version is suitable for high-frequency scenarios such as games, social networking, bills and people's livelihood, and public welfare, while the professional version is suitable for low-frequency scenarios such as copyright contracts, organizations, and traceability.

Both the professional version and the enterprise version can enjoy the basic services provided by the open alliance chain. In addition to the price, the biggest difference between the two is that the TPS of the professional version user rights is ≤ 10, and the monthly available fuel is 1 billion; Enterprise The TPS available for users' rights is ≤100, and the available fuel per month is 100 billion. In addition, the first 100 enterprise version users can also obtain the creation product status of the "open alliance chain".

In addition to lowering the threshold, large companies are always willing to create scenarios when it comes to blockchain. The evolution from BaaS to "open alliance chain" is also a manifestation of giants attracting more developers by lowering the threshold to feed back application scenarios.

According to reports, the current main application scenarios on the open alliance chain are mainly 2C services, involving game interaction, public welfare traceability, copyright, bills and people's livelihood, etc.

It is easier for customers with their own scenarios to form a relatively stable group.

The follow-up plan of "Open Alliance Chain" is also closely related to the implementation of blockchain scenarios.

Jin Ge also introduced three future plans for "Open Alliance Chain":

1. Create more valuable industry scenarios based on existing customers, and hope In the future, we can expand more blockchain service providers in small and medium-sized enterprise industries, such as education, retail, agriculture, medical care, cultural tourism and other industries, and contribute more scenarios;

2. The Ant Industry Alliance Chain Provide it to customers on an on-demand pricing basis;

3. Gradually add more industry alliance chain technologies, such as digital identity, cross-chain, and cloud integration capabilities, to the open alliance chain according to the market pace Go inside to further lower the development threshold for developers and solve technical problems.

❻ After completing the "Dream Tour" experience in the Yuanxun Universe, receive a 30-day monthly pass from Tencent Video. Is it free?

Overview
Last week, the live broadcast platform Inke issued an announcement to change "Inke Interactive Entertainment Co., Ltd." to "Inke Universe (Beijing) Technology Co., Ltd." On the same day, Inke Interactive Entertainment also announced at its online brand upgrade conference that the company's business will fully enter the metaverse, based on Web3.0 technology, to create a multi-dimensional social matrix that combines reality and virtuality, creating a world with unlimited vitality. and a vibrant social metaverse. In addition to Inke, Tencent seems to have also begun to take action on the Metaverse. This week, three people familiar with the matter revealed that Tencent announced to employees the formal establishment of an “extended reality” (XR) department., betting on the metaverse concept of the virtual world. Although Tencent declined to comment, the establishment of the XR department is not surprising. Under the new development trend, domestic and foreign Internet giants have entered the Metaverse, and VR/AR/MR and other hardware are considered to be the gateway to the virtual world. is an important entrance, so Tencent, as the leading domestic Internet company, will naturally participate in it. In addition, in addition to the layout of software and hardware, technology giants such as Meta and Microsoft have formed an organization called the Metaverse Standards Forum. Nvidia executive Neil Trevett serves as the chairman of the Metaverse Standards Forum. . The Metaverse Standards Forum is free and open to any organization. It is committed to unifying the standards of the Metaverse industry and building interoperability standard services for cooperation, thereby achieving mutual compatibility in the digital world. Looking around the world, more and more companies are beginning to try to integrate Metaverse technology into their own businesses, targeting the Metaverse track. The competition surrounding the "Metaverse" is becoming increasingly fierce. Whether it is technology giants or leading capital, they all believe that the Metaverse field has broad prospects. Although the Metaverse is still in the early stages of development, helping technology giants reach a standard and consensus as soon as possible will be more conducive to the development of technology and market. The era of the metaverse is coming, and we are full of expectations. The following is the detailed content of this weekly issue. We at the heart of the metaverse divide it into two major sections: important news and this week’s news overview. Please enjoy:
Important news
[Informed person: Tencent officially announced the establishment "XR" department, betting on the Metaverse] According to news on June 20, three people familiar with the matter said that Tencent Holdings announced to its employees on Monday the formal establishment of the "Extended Reality" (XR) department, officially betting on the Metaverse in the virtual world. Conceptually. The unit will be tasked with building Tencent's extended reality business, including software and hardware, and will become part of the company's Interactive Entertainment Group (IEG), sources said. [Metaverse sandbox game platform Roblox may be launched on Meta Quest2] According to Bloxy News recently revealed on social media, Metaverse sandbox game platform Roblox may be launched on Meta Quest2. Bloxy News tweeted: “Get ready to experience the Metaverse in a new and immersive way. Roblox is officially coming to another device soon… anyone can guess what it is? Is it? Bloxy News used the logos of Roblox and Oculus in the tweet image, and added the label "Meta Quest" below the image. But so far, Meta officials have not made any comments on this rumor. [Nvidia announced that it is completed 5G-based VR collaboration proof-of-concept] Recently, NVIDIA and multiple partners announced a successful proof-of-concept that uses edge computing and 5G-enabled VR technology to enable two engineering teams approximately 70 miles apart to work together as if they were working at the same time. Collaborate as if you were in a room.【Snapchat collaborates with British Vogue to launch AR fashion exhibition】Snapchat recently announced that it has cooperated with British Vogue to launch the VoguexSnapchat AR exhibition Redefining the Human Body, curated by Edward Enninful OBE, editor-in-chief of British Vogue and Vogue Europe editorial director. This AR exhibit showcases high-end fashion designs achieved using custom Snapchat filters. [Immutable X announces brand update] Immutable Immutable has released a new brand logo and a new website. [European comic "Valerian" Valerian NFT will be released before July 10] All NFT feature components and metadata of European comic "Valerian" Valerian NFT have been updated to IPFS and will be released before July 10. Web3 will be launched at the same time. .0. In addition, its ecosystem's first Web3.0 social network aggregator based on the creator economy will be announced soon. Valerian NFT is a series of NFT launched based on the European comic "Valerian" IP. It is reported that the total number of Valerian NFT is 9999, which will be issued simultaneously on Binance NFT and Valerian official website. [Industrial and Commercial Bank of China’s first digital collection of family enterprise prosperity commemorative medals NFT] According to the official public account of Industrial and Commercial Bank of China, ICBC Private Bank’s family trust business is an effective model for real estate isolation, value preservation and appreciation, and wealth inheritance, and is deeply loved by customers. Good reviews. The Prosperous Family Enterprises Commemorative Medal was designed by Mr. Zhu Xihua, a well-known domestic arts and crafts artist, for ICBC customers. This digital collection is based on the design of the Prosperous Family Enterprises bronze medal. The issuance is provided by the Financial Technology Innovation Experience Center of ICBC and ICBC Seal Chain. Technical Support. It is ICBC's commitment to its entrepreneurial customers, a symbol and token of this commitment, and has become a classic symbol of entrepreneur's wealth and spirit being passed down from generation to generation. [Report: Recruitment information for Crypto, blockchain, and NFT increased by 804% from April 2020 to April 2022] A report shows that from April 2020 to April 2022, Crypto, blockchain, and NFT job postings increased by 804%. A report from global employment portal Indeed also shows that market demand is accelerating, growing by 315% by 2022. There are 15 times more job postings in April 2022 than in 2019, highlighting the role of the pandemic in this continued growth. Reports suggest that the Covid-19 pandemic has fast-tracked the adoption of cross-functional technology in India, resulting in more demand for technology professionals than ever before, especially in Crypto, NFT andExpertise in new areas such as blockchain. The data also shows that crypto roles appear to account for one of the largest share of overall technology job openings, increasing from 41.22% in 2019 to 2020 to 67.48% in 2021 to 2022. [BitGo partners with Parallel Finance to launch first NFT custody platform for U.S. institutions] Digital asset security and liquidity provider BitGo announced on Wednesday that it has partnered with decentralized lending and staking protocol Parallel Finance to launch the first NFT custody platform for developers, retail markets and institutions. NFT hot wallet and custody solution. BitGo chief product officer Chen Fang said this is the first U.S.-qualified custody solution that can be paired with a hot wallet. Customers can interact with decentralized marketplaces like OpenSea and LooksRare through BitGo’s new wallet service, similar to how MetaMask users can integrate their wallets. [Top luxury car brand Bentley announced its entry into the NFT market and will release a limited edition NFT in September] Top luxury car brand Bentley announced its entry into the NFT market in a post on social media and plans to release its limited edition (208) based on the Polygon network in September this year. copies) NFT works. [People's Science and Technology will issue Yuan Longping's digital collection] People's Science and Technology, a subsidiary of People's Daily Online, will issue the first digital collection - "People's Daily" front page digital collection - on June 19 on the People's Science and Technology Digital Collection Platform (referred to as People's Digital Collection) Collection: New China's first special invention award was awarded to Yuan Longping's team. The collection is distributed in a limited edition of 5,000 copies free of charge to the public in a public welfare manner. The collection contains the front page of "People's Daily" where Yuan Longping's team, my country's Indica Hybrid Rice Scientific Research Collaboration Group, won the first special invention award issued by the country since the founding of the People's Republic of China. [The number of domestic digital collection distribution platforms has exceeded 500] According to China Times, as of June 15, 2022, according to incomplete statistics, the number of domestic digital collection distribution platforms has exceeded 500. In sharp contrast, in February 2022, there were more than 100 domestic digital collection platforms. However, digital collections are issued in large quantities but not refined, and homogeneity is serious. The strategy of focusing on the secondary market has led to the prevalence of hype. The digital collection industry has been dragged into the vicious circle of "fake stock competition" and is in urgent need of supervision. [WeChat may have banned a public account for the first time on the grounds of "secondary transactions involving digital collections"] According to news on June 20, the official public account of "NFTea Digital Tea Tickets" was recently blocked. The reason for deactivation was "complained by users and approved by the platform." According to the review, there are business activities related to virtual currency trading or secondary trading of digital collections," which is quite different from the previous statement of banned digital collection accounts. In March previously, a large number of digital collection WeChat public accounts were blocked, including Art Meta Yuan Yi Shu, Yidian Shu Zang, Guizang Yuan Universe, Hua Sheng Meta, Yuan Ben Space, Shen Da Shu Zang, One Meta, Earth Zero, and Nuofang Ti, etc., most of the reasons for being blocked are “failure to obtain legal licenses orLicense, publishing, disseminating or engaging in related business activities." A few of the reasons for bans are suspected of fraud. Among them, some platforms have set up separate WeChat public accounts, including "Art Meta World" owned by Hangzhou Yuanyisu Technology Co., Ltd. , "Yidian Digital Innovation" under Jiangxi Dianzang Technology Co., Ltd. [Meta, Microsoft and other technology giants announced the establishment and launch of the Metaverse Standard Forum] Technology giants including Meta, Microsoft, Sony and other companies announced the establishment and launch of the Metaverse Metaverse Standards Forum, hosted by the Khronos Group, a non-profit consortium of 170 organizations supporting interoperability standards for industries such as 3D graphics, VR, AR and machine learning. New Forum Free and open to any organization. It will focus on projects aimed at enabling prototyping, hackathons, plug-ins, and open source tools to promote testing and adoption of Metaverse standards. More than 37 founding members of the Metaverse Standards Forum include Meta, Microsoft , Sony Interactive Entertainment, Epic Games and Chinese technology giants Alibaba, Huawei, etc. [Dapeng VR has received a new round of tens of millions of yuan in financing to launch game-level VR products] Recently, Dapeng VR, a full-stack VR technology and product company, announced Completed tens of millions of yuan in financing. This round of financing was jointly invested by Huaqiang Capital, Qianyi Capital and Lianxin Fund, an industrial fund under United Optoelectronics (300691.SZ). [eBay has acquired the NFT trading platform KnownOrigin] News on June 22, Global E-commerce giant eBay has completed the acquisition of NFT trading platform KnownOrigin today. The specific amount and terms have not yet been disclosed. This acquisition aims to combine eBay’s influence and reputation with KnownOrigin’s leading technology to create a new generation of NFT Provide support to authors, sellers and buyers. KnownOrigin was established in 2018 to enable artists and collectors to create, purchase and resell NFTs through blockchain-supported transactions. [Report: NFT market size expected to reach 2120 by 2030 billion] On June 17, Acumen Research and Consulting released the report "NFT Market Size, Share, Analysis Report and Regional Forecast 2022-2030". The report stated that in 2021, the global NFT market will be US$16 billion, and it is expected to Will reach $212 billion in 2030, with a compound annual growth rate (CAGR) of 33.7% between 2022 and 2030. [Study: The current metaverse is still not suitable for remote work] A study released earlier this month found , working in a virtual world using the tools available today may make employees less productive and increase their frustration and anxiety related to remote work. 11% of study participants felt so unwell that they were unable to even work in the study complete the day, resulting in their tasks being incomplete. BranchA recent study by researchers from the University of Fort Worth, the University of Cambridge, the University of Primorye, and Microsoft Research charted the issue. The report, titled "Quantifying the Effects of a Week of Working in VR," compared 16 different employees. Performance on development tasks in normal environments and common virtual world settings with a 40-hour work week. The results were mostly negative, suggesting that today's virtual world may still be too limited to support work-based applications. [ChinaJoy: CJ Plus will be held in the MetaJoy metaverse digital world] According to ChinaJoy official news, the 2022 ChinaJoy Online Exhibition (CJPlus) will be held in the MetaJoy metaverse digital world from August 27 to September 2. Players can participate for free. Just register and log in to get limited edition ChinaJoy commemorative coin digital collections, as well as digital collections sold by different companies and different events. You can also collect various digital collections through purchase and exchange. [Gome’s involvement in the Metaverse: It has been designated as the most important strategy and has recruited talents to establish a project team] Recently, Gome has designated the Metaverse as the most important strategic direction. The general person in charge of the Metaverse project has joined the company in June and is actively recruiting talents. . A person familiar with the matter told reporters that the Metaverse project may be partially launched in early July. In addition, public information from the workplace social platform Maimai shows that the business scope of the above-mentioned Metaverse project includes Metaverse world, Metaverse e-commerce, digital people, virtual idols, digital collections, etc. In response to this, Gome responded that the company is indeed making a preliminary attempt in the direction of the metaverse, and the True Happiness App will soon launch the metaverse function. [KPMG’s U.S. and Canadian team launches Metaverse Collaboration Center] The U.S. and Canadian business units of KPMG, one of the top four international accounting firms, launched a collaboration center in the Metaverse to help its clients formulate strategies in the Metaverse field. A spokesperson said the private center is a place for its employees, partners and customers to conduct virtual team meetings and share ideas. They will also be able to conduct training sessions, job interviews and employee assessments in the Metaverse, as well as meetings showcasing KPMG services and capabilities. Armughan Ahmad, president and managing partner of digital at KPMG Canada, said, “The Metaverse makes it possible for us to experience a ‘phygital’ world where the physical and digital worlds merge. The Metaverse offers a market opportunity worth $13 trillion by 2030. Up to 5 billion users.” KPMG’s business units in the United States and Canada have assembled a dedicated team with technology and innovation experience to provide support for Metaverse design, NFT use cases, crypto assets, community interaction and broader Web3 integration. [Immutable announces the launch of a US$500 million venture capital fund to promote the adoption of Web3 games] According to news on June 17, Immutable, a provider of Ethereum NFT expansion solutions, announced the launch of a US$500 million venture capital fund to promote the adoption of Web3 games. The funds will be used to fund expansion plans in its L2A project to build Web3 games and NFT on Immutable X. In addition, the fund will work with other investors focused on Web3 games and NFTs, including BITKRAFT, Animoca Brands, Arrington Capital, Double Peak, Air Tree, King River Capital and GameStop, to gain access to additional investment opportunities. [Axie Infinity plans to sponsor 200 creators to participate in Nas Academy’s new creator academy] NFT game Axie Infinity plans to sponsor 200 creators to participate in Nas Academy’s new creator academy, helping Axie creators to take their content to the next level . This training school is designed by Nas Academy specifically for Axie Infinity community members. It is independent but complementary to the Axie Creator Program operated by QU3ST. Registration is currently open and will end on July 20.
This week’s news overview
VR/AR/MR
The U.S. Patent and Trademark Office published a Valve design patent application titled “Head-Mounted Display” filed in December last year. Meta has announced plans to expand its Meta Avatars virtual fashion product lineup with the launch of the Meta Avatars Store. Cannes Lions International Festival of Creativity has partnered with Niantic to offer an interactive AR experience. Arvizio, a provider of enterprise AR/MR solutions, recently announced that its AR Instructor solution for AR guided teaching is now available for iPad, iPhone and Android devices, expanding its range of capabilities and market reach. Wang Feng cooperates with Pico to create a global camping music rafting trip, a new upgrade in visual experience! AR product and service provider Blippar recently announced the integration of the company's no-code AR creation tool Blippbuilder into the business communication and collaboration platform Microsoft Teams, aiming to let everyone, from novices with no coding background to experienced developers, build Immersive 3D AR experience. Healthcare technology provider Novarad announced that its AR surgical navigation system, VisAR, has received FDA 510(k) clearance for precision-guided intraoperative spine surgery. DiscoverFeed announced that it will officially launch its metaverse platform "DiscoverFeed" on July 23, which allows users to experience nightclubs around the world in VR. It will hold free events every week for 5 consecutive weeks to connect real nightclubs and virtual nightclubs. Rec Room has been updated to allow its Plus members to create custom shirts. HTC VIVE recently announced that it will expand VIV by launching a commercial version of VIVE FlowThe scope of application of E Flow. Xiaopai Technology's high-end headset 8K New research from MIT points to the potential benefits of AR for people with autism. Nvidia launches 3D MoMa to convert 2D photos into editable 3D models. American musical instrument manufacturer Fender cooperates with Meta to launch the musical metaverse "Stratoverse". Egyptian startup Beyooot announced the official establishment of Egypt's first AR e-commerce platform for home and office furniture, aiming to provide furniture products displayed on the platform and exported to foreign markets. The demo version of the MR stargazing experience application "Skygaze" has been launched on the Quest platform. Moth+Flame partners with SHRM to launch enterprise-level VR immersive learning market. Solana Labs announced the launch of the Solana Mobile Stack software ecosystem for Android and revealed that its team is developing a new Android phone Saga. NFT/Chain Game Blockchain Intelligence Group launches NFT risk and investigation tool NFT Explorer. Under Armor Curry Brand, Curry Brand, launched the cross-community NFT project Basketball Headz. The open payment network Ripple has reached a cooperation with FLUF World and will open "The Open Metaverse" through The Root Network. Animoca Brands, UCOLLEX and MADworld will launch NFT series targeting Japanese culture. Mars has submitted an NFT-related trademark application for its brand Snickers. Cross-chain oracle solution SupraOracles has reached cooperation with NFT market MADworld. BSCFA Announces Lucky Floki Acquires BSC STAR Whitelist Web3 Ventures announced that it has purchased 150 NFTs from digital identity and immersive land project PunkScapes. Silicon Valley production team will launch Web3 project. NFT market NuqtahNFT has reached a strategic cooperation with Consensys. Blockchain Intelligence Group launches NFT risk and investigation tool NFTExplorer. DEX aggregator ParaSwap launches peer-to-peer NFT trading application. Web3 social application Palmare and Refinable have reached a strategic cooperation. Beverly Hills, Los Angeles, USA has submitted NFT and Metaverse related trademark applications. Rapper Snoop Dogg has filed two NFT and Metaverse-related trademark applications. The well-known American affordable luxury brand COACH and Web3 studio 1BLOCK have reached a cooperation to launch a limited edition NFT. Web3 social network Showtime launches Showtime 2 with Free NFTs as its flagship feature. Yuga Labs hires key members of Christie’s NFT team as CryptoPunks brand leaders. Blockchain racing game K4 Rally partners with Xchange Monster to provide a Web3 gaming experience. The Sandbox and Time Magazine will develop TIME Square in the metaverse. Burberry, a luxury fashion brand, and Mythical Games, a chain gaming company, will collaborate to launch game characters, decorations and virtual worlds. Metaverse game developer Bison has launched the first playable demo of Forgottent Runiverse. Web3 credential data network Project Galaxy has reached cooperation with the metaverse project AlterVerse. BitWell said it has sufficient reserves and will expand global talent recruitment. Poly Network launches a systematic development framework to provide developers with "interoperability as a service". The "Boring Ape" NFT project announced that it will cooperate with Rolling Stone magazine to develop a joint NFT and will be auctioned publicly. MoonPay officially launches HyperMint, a practical NFT casting service. FTX has withdrawn from negotiations for a sponsorship deal with Major League Baseball's Los Angeles Angels. The chain game Crypto Kitties is regarded as an "illegal and harmful website" in South Korea. British car company Lotus Cars has announced a partnership with Ripple to develop its first NFT series, with XRP Ledger (XRPL) and NFT PRO providing technical support and NFT solutions. Coinbase NFT supports multiple wallets online, and a single account can connect up to 10 wallet addresses. Quidd launches the ability to mint and unmint digital collectibles into NFTs. Meta will expand NFT testing in Instagram and Facebook. Uniswap airdrop conditions have been corrected to require holding Genie Genesis NFT at the snapshot on April 15. GSR announced its NFT investment portfolio "GSR Blue", which includes blue-chip PFP and generative art based on Ethereum and Solana. Doodles announced the upcoming second season of NFTs. The Sandbox announced that it has cooperated with the copyright holder of the anime "Captain Tsubasa" to introduce it to the Sandbox Metaverse. Luxury brand Gucci has submitted 5 trademark applications for its name and logo, covering NFT-supported media, crypto brokerage services, exchanges, market services, virtual clothing, vehicles, real estate, fashion shows and currencies. NFTGo announced that it will officially launch the aggregated trading function in July. Ledger launched the NFT market Ledger Market and Web3 service platform for enterprises. ConsenSys officially announces the release of blockchain platform Infura NFT API Beta, the product enables Infura users to easily and verify digital assets as well as create metadata templates, allowing them to customize and develop NFTs. E-commerce giant Shopify is offering merchants new ways to connect with loyal customers through NFTs. The founder of RSS3 announced official support for RSS. Ethereum NFT project Doodles announced the appointment of musician Pharrell Williams as chief brand officer at the NFT.NYC conference. He will help shape the series' series of initiatives in music, artwork, consumer products, animation and events. Web3 digital identity platform Unstoppable Domains announces integration with ShapeShift. Stephen Curry's BAYC avatar is displayed on the P01NT.co official website. Technology media Techmeme is about to launch an NFT section. Phantom already supports listing NFT directly on Magic Eden within the browser extension application. Mars has submitted trademark applications for Yuanverse and NFT for its brand Dove. ConsenSys adds NFT functionality to MetaMask institutional portfolio dashboard. Ground X, a subsidiary of Kakao, will transfer its virtual asset wallet Kaikas business to Sfresso247. The National Hockey League (NHL), composed of North American ice hockey teams, announced a partnership with NFT platform Sweet to create an NFT series and market that includes past and current NHL players. Italian high-end luxury brand Gucci purchased $25,000 of NFT market SuperRare token RARE to join SuperRare DAO. After Gucci joins the DAO, it will launch the "Vault Art Space" exhibition, which will include a selection of NFT artworks by 29 artists. Binance has established a partnership with Ronaldo to issue a series of NFT collectibles. The NFT game "Blankos Block Party" will be launched on the Epic Games Store. Other Chongqing Hongyan Revolutionary History Museum released its first digital collection in limited quantities. Instagram launches parental control metaverse monitoring feature. HTC's new mobile phone product will be a "metaverse vehicle". Through close connection with VIVERSE, various functions of the metaverse can be used on the mobile phone. iFlytek, a leading domestic technology company, officially launched the "Xingzhi" digital collection platform and announced that it will go on sale at 12:00 on June 20 with two first-release digital collections. CCTV launched the first large-scale immersive digital interactive space with metaverse concept "Sanxingdui Fantasy Journey". Unstoppable Domains partners with the City of Miami to provide free Web3 education to Miami residents. Dewu App officially launched the digital collection platform. Meta is partnering with Balenciaga, Prada and Tom Brown to launch a digital fashion marketplace. Tuhu’s first limited edition of 6 vehiclesThis digital collection of "Tiger General" series is limited to 10,000 pieces. Jiujiyuan, a low-alcohol trendy drinking brand, announced the launch of its second work "Liuguang Weijiu" with the boring ape BAYC#6686 as the core element, with a limited edition of 999 pieces. Beijing Winter Olympics figure skating "daughter" Anna Shcherbakova has the world's first digital collection. China Record Group has launched a digital collection. Shenzhen International Preparatory Academy releases digital collections. Kugou Music released the country’s first digital music collection of intangible cultural instruments, “Ancient Lehua Chapter”. The virtual human Mei Setian serves as the promotion officer of the Metaverse at the Beijing International Film Festival. China Mobile Games launched the digital art copyright distribution platform "Youyu Art". Metaverse was selected into the startup field of LG Startup Incubator North America Innovation Center. The Gansu Provincial Department of Culture and Tourism issued the "Ruyi Gansu" digital commemorative ticket. HTC’s chairman joins Lenovo’s board of directors and may explore expanding the development of Metaverse applications. Luxury mobile phone brand Vertu partners with Binance to launch NFT and smartphones. Twitter's board of directors approves Musk's $44 billion acquisition offer. GF Securities pointed out that China’s digital collection industry is expected to move towards standardization and differentiation. Market news: Meta’s Metaverse hardware and headphone business are slowing down. Ming-Chi Kuo revised his forecast for Metaverse hardware/headphone shipments to drop by 25-35% in 2022. Microsoft will stop selling AI emotion recognition technology and limit the use of facial recognition tools. Zuckerberg announced that Facebook Pay will be renamed Meta Pay. CBA game floor official digital collection released. Metaverse startup Translucia has partnered with software development company Two Bulls to allocate $100 million to build a Metaverse research and development center. Multiple parties in Japan mentioned Web3 and encryption tax reform in their July Senate election promises. American guitar manufacturer Fender collaborates with Meta to launch the music metaverse Stratoverse. The decentralized cloud service platform Ankr has launched an application chain, allowing DApp developers to build exclusive chains. Nanjing University of Aeronautics and Astronautics releases digital collection. Hangzhou Public Transport’s first digital collection. ADAM Chinese community, the first data encryption computing network based on Web3.0, officially launched the "Volunteer Recruitment Activity". Meta will reduce Yuanverse smart hardware shipments in 2022 by 3 million units. Investment and Financing News Chain game Earth From Another Sun completed US$4.5 million in financing. Huobi Lianchuang Dujun and BMAN launched a US$400 million Web3 fund. Blockchain gaming company Clockwork Labs completed a $22 million Series A round of financing, led by a16z. Blockchain company Ekta completed US$60 million in financing, led by Global Emerging Markets. NFT smart wallet Castle completed a $1.5 million Pre-Seed round of financing, led by Dragonfly Capital. Encryption infrastructure service provider Alchemy launches a $25 million developer grant program to support Web3 projects. Crypto art platform Outland announced that it had completed a US$5 million seed round of financing in March 2022. NFT startup Fika completed US$4 million in financing. Dai Nippon Printing Co., Ltd. DNP has cooperated with Alpha Code, which is responsible for VR/MR live video distribution business, to provide services that connect reality and virtuality. Animoca Brands acquires over 80% of TinyTap’s issued capital. Game company Admix will merge with Metaverse company LandVault, with the combined valuation reaching $300 million. NFT lending platform Astaria completed US$8 million in financing. MachineFi Lab, the core developer of the IoT blockchain platform IoTeX, completed a $50 million Series A financing, with participation from Hashkey Capital and others. "Qihuo Technology" received tens of millions of yuan in angel round financing. This round of financing was led by Linear Capital, with the listed company Oya Design also participating. Web infrastructure Platform.sh has completed a $140 million Series D round led by Digital Partners. Afropolitan, an NFT-based "community-as-a-service" startup, completed a $2.1 million pre-seed round of financing. Lingdi Style3D, a digital infrastructure service provider for the physical world, completed nearly US$100 million in Pre B+ round of financing to build digital fashion infrastructure. Chain gaming platform MetaOne has completed a US$2 million private equity round of financing, with participation from Huobi Ventures and others. Web3 education platform Neol completed a $5.2 million seed round of financing, with Kyu Collective and Global Ventures co-leading the investment. Solana ecological NFT market Magic Eden completed a US$130 million Series B financing at a valuation of US$1.6 billion. DeFi developer Coin98 Labs has announced the acquisition of Vietnamese game studio Yunero Studios to accelerate Web3 mass adoption through GameFi. Transfr VR, a provider of VR/AR training solutions, completed US$35 million in Series B financing. Uniswap Labs acquires NFT aggregation market Genie and issues USDC airdrops to qualified users. Metaverse music platform Authentic Artists announced the completion of strategic financing. Venture capital firm 1confirmation announced the launch of a US$100 million NFT fund. Game developer CloudFeather Games completed a $1.25 million seed round of financing. Japanese virtual IP company Brave group Inc. completed US$10 million in financing, with participation from Dawn Capital and others. Web3 news startup Capsule Social completed a $2.6 million seed round of financing, led by Beacon Fund. Swiss crypto startup Nobank announced the completion of a 1 million Swiss franc (approximately $1.03 million) seed round of financing. ARIndustrial start-up KIT-AR completed a seed round of financing of 2 million euros. Opinion Billionaire hedge fund manager Lee Cooperman: NFT and Crypto are “junk” and it will be difficult for the market to recover in the short term. Tigran Gambaryan, Vice President of Global Intelligence and Investigations at Binance: India will become a global center for blockchain, encryption and Web3. Report: The NFT market size will increase to US$7.3908 billion by 2028. Bank for International Settlements (BIS): Digital assets still face structural problems as the Terra ecosystem collapses. Well-known director Spike Lee: Using NFT to fund movies will “bring more democracy to filmmaking.” Lou Jianxun, Vice President of Digital Technology of Ant Group: Digital transformation has become a new driving force for promoting Chinese industries to move towards the middle and high end of the global value chain. Ant Group Digital Technology AIoT Shi Yi: Blockchain + IoT build a source of trusted physical world links. Sun Xi, senior expert in strategic research at the Ant Group Research Institute: Blockchain brings new opportunities to the development of the new energy industry.

❼ How far is Ant Chain from replacing electronic contracts?

As an Alibaba company named by Jack Ma himself, but has not yet completed the name change on the Internet, Ant Chain does seem a bit Too low-key.

In that era when everyone must be called Bitcoin and everyone wants to do ICO, Ant Chain seems a bit out of place.

1｜Ant Chain has accumulated more than 50 application scenarios

In 2015, Alibaba established a blockchain interest group internally and used its spare time to build a public welfare blockchain , Ant Blockchain was born.

Even in the hottest era of ICO in 2017, Ant Chain did not pay attention to the noise from the outside world. It has been silently exploring the application of blockchain, and has successively launched authentic traceability, cross-border remittances, etc. Products and services accumulate technical foundation.

Ant Chain is moving forward in the unaccompanied darkness and making its own way, very much like Alibaba Cloud in 2009.

Data source public data compiled by China Software Network

In 5 years, Ant Chain has accumulated more than 3,000 patents, and officially announced that it has more than 50 application scenarios, with an average daily increase of Chained 100 million times, it has become the largest blockchain application company in the world. Let those ethereal on-chain fantasies of 2017 shine into reality.

According to the research of China Software Network, Ant Chain is currently at least in supply chain finance, joint risk control, asset management, financial leasing, blockchain contracts, traceability services, electronic licenses, bill circulation, invoice circulation, and Information data service platform, remote bidding, blockchain copyright, digital logistics, digital warehouse receipts, joint marketing, points marketing, Jifenbao, digital commodity collaboration network, professional qualification certification services, donation traceability, time bank, pension charity , prescription circulation, health services, etc. 24 scenarios includeRelatively large-scale applications. With the help of the "open alliance chain" established this year and the scale effect of the entire Alibaba family of enterprises, Ant Chain has reduced the cost of on-chain for small and medium-sized enterprises from millions to thousands.

Data source: public data compiled by China Software Network

Whose face will be hurt the most by such a large, comprehensive, broad and widespread slap?

2｜Ant Chain aims at electronic contracts

What applications will Ant Chain replace? The first unlucky one must be the electronic contract.

Since the promulgation of the Electronic Signature Law of the People's Republic of China in 2005, national departments and agencies such as the National People's Congress, the State Council, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, and the National Immigration Bureau have successively formulated many laws, regulations, and Standards have greatly promoted the development of the electronic contract industry. At the same time, electronic contract manufacturers such as e-sign, Fada, Shangshangshou, Trust, and Contract Lock were spawned.

Data source: public data compiled by China Software Network

According to public data statistics, the electronic contract market has been growing year after year. As of the end of 2019, the cumulative number of electronic contracts signed by eSignature has reached 10.5 billion times, with the average daily signing volume exceeding 20 million times. However, its main application scenarios are still concentrated in purchase and sale contracts of consumer terminals, transaction contracts with external enterprises, labor and social security document contracts related to human resources, as well as internal approval and certification documents within the enterprise.

Data source public data compiled by China Software Network

The country promotes relevant norms and standards, and also promotes the four major elements of legal compliance: true will, true identity, The original text and signature have not been changed.

The traceable, tamper-proof, and partially decentralized solutions provided by blockchain's distributed ledger technology are naturally adaptable.

Data source public data compiled by China Software Network

In the environment of commercial transactions, there are often a large number of multi-node and complex process businesses, which often show linear relationships. Before these nodes Insufficient trust, repeated information confirmation and communication will cause a lot of efficiency losses. Distributed ledger technology is currently the best technical solution in this regard.

As soon as electronic contracts were born, they encountered blockchain. These two things, which were born almost at the same time, suddenly found a natural fit in 2020.

3｜Will Ant Chain completely replace electronic contracts?

The development path of Ant Chain is similar to that of Alibaba Cloud. Both were born and developed out of internal needs, and then transitioned to meet external needs to become a star business.

Starting from tracing Ant Charity’s project donations, it ranges from managing Tmall’s cross-border products to providing supply chain financial services to internal companies, and as small as protecting Taobao’s image copyrights, and on Taobao products.Paying social security, electricity bills, and water bills have completely found corresponding external needs.

It has begun to be applied in scenarios such as cold chain food management, tracing external payments, government finance, public welfare fund management, shipping port logistics and warehousing management, chip financing leasing, blockchain prescriptions, blockchain invoices, etc. .

Finally, we have achieved a little explosion in blockchain charity and a lot of flowering.

If Alibaba Cloud has solved the efficiency problem of cloud computing, then Ant Chain can be said to have solved the value problem of cloud computing. Ant Chain has opened up the physical world and the cloud world, and realized the digitization of assets and data. Breaking the ice on the boundaries of capitalization.

But in the final analysis, the cost cannot be avoided. Due to the complexity of blockchain technology, developing a blockchain application is a luxury for many companies. Developing a blockchain application requires investing millions of dollars, and it also requires connecting upstream and downstream to build a corporate ecosystem. The time and energy behind it cannot be underestimated.

This is the same for Ant. It has spent huge sums of money to build a blockchain application platform. In recent years, it has applied for more than a thousand patents every year. It will eventually need to be commercialized. Now through its ecological alliance, "open "Consortium Chain" directly reduces this threshold cost to thousands, which is almost consistent with the charges of electronic contract companies. It is a devastating blow to electronic contract companies.

Whether it is its consensus algorithm performance index (TPS) of more than 100,000 times/second, or the recently released all-in-one software and hardware and end-to-end trusted environment, the technical indicators of Ant Chain have ranked first in the world. Yiqi Juechen, far surpassing international alliance chains such as Fabric, Quorum and Corda. Combined with Alibaba's strong business capabilities and government BD capabilities, it will never take more than 5 years to completely replace the current electronic contract form.

With the release of the Ant Chain all-in-one machine, the cost of enterprise on-chain is expected to be further reduced, and further optimization performance will be achieved in terms of deployment time, transaction speed, consensus delay, and accelerated cryptographic operations.

4｜How will blockchain contracts develop next?

What will happen to the current blockchain electronic contracts in the future? We look at the development of blockchain applications from four levels: business, industry development, products, and technology:

1) At the business level, judging from the current application scenarios, there are still many blank areas with " The potential of "on-chain" needs to be developed. At present, it is very compatible with the financial industry. It can connect with other financial businesses such as banking, insurance, and securities industries, and is expected to be further integrated with RPA.

2) From the perspective of industry development, not only Ant Chain, but also the pursuer Tencent Blockchain are trying to build an ecology and develop alliance chains. The alliance chain can greatly improve transaction efficiency and reduce transaction costs because of its "multi-centered" characteristics and the advantages of independent controllability, privacy protection, and high efficiency.

3) From the product level, the blockchain products of major manufacturers are all moving towards platformization, whether it is Ant Chain’s BaaS platform or Tencent’s “TrustSQL”, they are all moving in the direction of platforms. In the future, small and medium-sized manufacturers can choose to join the SaaS camp of Internet giants, establish their own advantages in specific fields, and move in the direction of "small but beautiful".

Future on-chain applications are expected to provide users with diverse deployment models and product forms to meet personalized user needs. However, cross-chain data exchange and the adaptability of technology and data from different chains will be a challenge for these platform-based enterprises.

4) Since the development of blockchain, the three generations of public chains represented by BTC, ETH, and EOS have made varying degrees of sacrifices in terms of efficiency, security, and centralization. Although Ant Chain The technology is advancing by leaps and bounds, but these three mutually restricting indicators are still important problems that require continuous breakthroughs and are indispensable.

As the amount of data on the chain increases, this problem will become more and more obvious. It remains to be seen whether the current payment ability of Ant Chain customers can cover the costs.

❽ New opportunities and challenges for blockchain enterprise applications

New opportunities and challenges for blockchain enterprise applications
New technologies come from the combination of existing technology modules. Once the power of the economy is superimposed, it will stimulate exponential growth in the economy. The economy is an expression of technological evolution.

Blockchain is actually a combination of several technologies, including peer-to-peer communication (P2P), distributed ledgers (also known as distributed storage), asymmetric encryption, etc. Once these technologies are combined, they will have a great impact on some new business models and economic forms, and these impacts are being revealed - now the world has entered an era called global automation, which is the fourth stage of our current informatization. stage.
We can call the Internet era that began in the 1990s and continues to the era represented by social media such as Facebook the pre-Internet era, that is, the first half of the Internet economy. The core of the rules in this first half is to improve productivity. Many technologies do not actually change the shape of enterprises and the economy. They achieve economic leaps by improving productivity. Now the new rules are called the era of automated global network economy. The core of the rules is to enhance connections and improve production relations, such as the sharing economy that has opened up a new business form. However, the current form of the sharing economy is still an economic model built with centralized Internet companies as the core. The current shared bicycles and Didi are a one-way economic model. In fact, they do not feed back the growth and improvement of value to users.
The global era of automation not only requires productivity-enhancing technologies such as artificial intelligence, blockchain edge computing, etc., but more importantly, it requires a new model to improve production relations. Blockchain is actually such a newTechnology can bring a new shift in business models to everyone.
So the future is here. Among the current eight core technologies, including blockchain, Internet of Things, augmented reality, virtual reality, artificial intelligence, robots, drones, 3D printing, etc., only blockchain has made improvements. Production relations, technologies that enhance connections.
Microsoft believes that technologies such as mixed reality, artificial intelligence and quantum computing are revolutionary new technologies that will continue to improve productivity in the future. But in fact, blockchain is not a new technology. It is just a combination of existing technologies. Its value lies in creating a trustworthy platform. As Alan Weber, founder of Fast Company, said: The new economy starts with technology and ends with trust.
In November 2015, the cover of The Economist magazine was called trustmachine, which is the machine of trust, the promise of blockchain. In fact, it is announced from this perspective: Blockchain technology is actually the core technology of the future Internet 3.0. This technology will gradually be transmitted to many aspects of the entire social and economic life through upper-layer applications, providing support for many business models, industry operations and governance systems. Bring innovation. Blockchain builds a new type of Internet with value as the core, rather than the old generation Internet with information as the core.
2 Blockchain+ vs. Internet+
Blockchain integrates trust mechanisms and technology and will bring great changes to the world.
In the Web 1.0 era before 2005, e-commerce portal entrepreneurs basically used a large portal to start their business in a one-to-many manner.
The Web 2.0 era is the era of social networks and sharing economy, but in this ecosystem, core enterprises are still centralized, monopolizing user relationships and large amounts of data, enjoying the value of user contributions, and deciding rules at will. In this case, the so-called Internet + is an information model that is harmful to traditional enterprises.
The Web 3.0 era is a new global sharing economy based on the blockchain value network. It is decentralized, so there will be no oligarchic monopoly on innovation, interactions will be more spontaneous, and the scope of collaboration will be wider. Extensive, the impact will be more comprehensive and deeper.
Therefore, the best way to digitally transform and upgrade traditional enterprises or industries is not Internet+, but Blockchain+. Because Internet+ still needs to rely on a centralized, classical Internet enterprise. Although companies like Alibaba, Tencent, JD.com, and Xiaomi are now at their peak, they are still essentially centralized enterprises that formulate the rules of the game for the ecosystem and monopolize customer relationships and data.
We call blockchain+ web3.0, which actually has a higher dimension than traditional Internet companies and Internet ecological companies. When information was scarce in the past, it was necessary to build a hierarchical structure and center to improve the overall information transmission efficiency. But when the information is sufficient, then in fact, the network of peer-to-peer relationships (P2P) will gradually replace it, and when these networks of peer-to-peer relationships are connected together, they can form a high-dimensional additive value network. Enterprises formed based on this network system are called consensus economic social enterprises.
The high-dimensional business model of blockchain+ has a stronger future-oriented imagination than the existing Internet ecosystem or companies such as Internet+ enterprises. Let’s review most traditional companies: One-dimensional companies are engaged in engineering, and their main business models are actually rent-seeking, resource monopoly, and customer relations; two-dimensional product companies have certain product development and marketing capabilities, but this Both are company forms in the industrial economy era. Its value curve is linear. If you invest one, you will get one, and if you invest ten, you will get ten. Therefore, a company like Jack Ma with a market value of hundreds of billions of dollars, in fact, due to so many years of accumulation, is actually in line with the traditional neoclassical economic growth pattern, and its marginal returns are diminishing.
At Sanwei Internet Service Company, due to the addition of online service dimensions, data value-added services began to be provided. Its core is low-cost customer coverage, which reduces the service cost to customers, so its adaptability can be higher than In two dimensions, the price-to-earnings ratio of a company in this form can be as high as more than twenty times. The third-dimensional company can further open up the API and allow third parties to develop more applications on its platform. At the same time, it can connect service providers and users to form an online market. This constitutes a platform company. Platform The company's price-to-earnings ratio can exceed forty times.
When platform companies further open up their capabilities, combine resources such as data network brands and users with investment services, and empower partners, they will become Internet ecological enterprises like BAT. This ecosystem The price-to-earnings ratio of Internet companies in a centralized cluster may even exceed 100 times.
This is why these companies are desperately advocating Internet +. In fact, Internet+ does not create new value for traditional companies. It just uses the method of attracting stars to attract all the data, customer relationship channels, etc. of traditional companies to Internet ecological companies. They only play a subversive role in traditional enterprises, but they do not create greater value for society. They are still a value ecosystem with their own enterprises as the core.
Everyone has contributed to Jack Ma’s company for so many years, and has continuously contributed so many transactions and data to support his corporate price-earnings ratio. If you think this is not a particularly fair way, then we now have a new business model, which is blockchain. Through the blockchain + industry, an alliance ecosystem is formed, that is, the alliance chain. Even if it does not issue coins, it can have a higher dimension than existing Internet companies, because it is a cross-organization and cross-platform industry-oriented business processes, a secure distributed sharing, which will completely subvert the traditional enterprise ownership model.
The blockchain uses consensus mechanisms and beliefs to connect enterprises, which forms an industry chain and a decentralizedA social enterprise with universal ownership can embed trust and security mechanisms into autonomous agreements throughout the industry chain without the need for a third party, and the data of all relevant parties will be respected and protected on the chain. At the same time, if C-side users can be added in the future, and then through digital currencies, certificates or tokens, new business model dimensions can be added and greater value space can be opened up. That is to say, all businesses are combined with B2C business to form an industry palace for all employees.
This is what we call the bright future of the business model that blockchain 3.0 brings to everyone. It is completely based on a decentralized high-dimensional value network. I have listed for you some entrepreneurial project companies in this field, whether in distributed cloud storage, decentralized secure social networking, distributed identity management, distributed copyright and digital asset management, Internet of Things smart contracts, public governance There are many 3.0 creative innovation companies in fields such as anti-counterfeiting and anti-fraud, and digital market transaction prediction.
Three Opportunities and Challenges of Blockchain
Most of the projects currently implemented are relatively easy to combine finance and digital asset management due to the inherent properties of blockchain technology. However, in fact, we have also seen that traditional industries are also becoming more and more popular. There are more and more new opportunities to combine blockchain. This market will reach 176 billion US dollars by 2025, and will reach 3.1 trillion US dollars by 2030. This is actually a very, very huge number.
There are actually many strange entrepreneurial projects in China, but now the government has imposed some restrictions last year. However, in the future, the government will have some new compliance requirements for digital currencies, and will gradually relax restrictions on blockchain infrastructure.
2018 is a very critical year for enterprises to go online. This is equivalent to 20 years ago when you talked to companies about enterprise internet. It sounded like a fantasy and they didn’t know how to start. But those who started exploring the Internet for enterprises early were precisely the group of pioneers from around 1997 to 2000. They eventually became the trendsetters of the previous generation of classical Internet. Therefore, 2018 is a very critical opportunity for traditional enterprises.
The main application scenarios of blockchain + are actually nothing more than several areas based on the core technology of blockchain, such as digital identity management, digital asset management, development and deployment of distributed applications, and the development and deployment of smart contracts. Services, these four main application scenarios combine some characteristics of the industry to provide enterprises with application implementation services.
Four Theoretical Pioneers of Blockchain
So enterprises need to fully refresh their understanding and upgrade the underlying commercial operating system in this round of opportunities. There are some disruptive innovations here, giving traditional industries and the public the opportunity to counterattack the classical Internet. I have listed a few books here. If you have time, you can read them and have a deeper understanding of blockchain. Although some of these books were written in the 1930s and 1970s, classics always have guiding significance.

The most famous is Schumpeter’sEconomic development theory, he believes that innovation is the fundamental cause of economic development.
Then Thomas Kuhn proposed that the technological paradigm revolution is not continuous. At a certain stage, it will cause a new revolution. When the revolution comes, many traditional enterprises will die, but at the same time new technologies will establish Business models and economic forms will explode.
Christensen’s main contribution is of great significance to how traditional enterprises can seize opportunities, avoid the innovator’s dilemma, and embrace new opportunities to achieve transformation and innovation.
The British management guru, Charles Handy, his current book is called "The Second Curve", which mainly talks about how traditional enterprises can achieve leapfrog and transformation with the help of technological innovation and business model innovation.
5 Crossing the Second Curve

In terms of crossing the second curve, Microsoft’s own experience and lessons are actually worth learning from. Everyone knows that Microsoft was the overlord of the PC era. At that time, 76% of the industry's profits were divided between Microsoft and Intel. However, it also fell into the innovator's dilemma. It was the success of the PC that caused Microsoft to miss out on the mobile Internet. The opportunity has allowed Apple and other companies to overtake it, but Microsoft has not missed the opportunity of cloud computing. Microsoft's early layout in AI has given Microsoft a great lead in the world's smart cloud and blockchain. These experiences and lessons can be summarized to help traditional enterprises achieve digital transformation.
Microsoft has seized opportunities in artificial intelligence-led cloud computing, blockchain IoT edge computing, and mixed reality. The second curve has been achieved, and Microsoft will have some new layouts in the future, such as quantum computing, etc., which are some of Microsoft's own successful experiences. Of course, there are some lessons from failure. In terms of mobile Internet, Microsoft also acquired Nokia. In fact, Nokia is not worth acquiring at all, because Nokia has not crossed from the first curve to the second curve. In terms of mobile Internet, Nokia will be ignored by outsiders. Companies that have never done mobile Internet are easily defeated.
This kind of digital transformation of the enterprise industry, or the conversion of old and new kinetic energy, mainly helps traditional enterprises connect with external entrepreneurs, incubate entrepreneurial projects through propositions, and achieve transformation and innovation. Therefore, a new type of enterprise outsourcing innovation is needed. Incubation method. Because if the company does its own incubation, it will still be tied to the business trajectory of the first curve, so it can only be incremental innovation to improve the efficiency of existing products or services. For the second innovation, it needs to allow a certain space for trial and error, so it needs to use new methodologies to guide disruptive innovation.
It needs to be oriented towards value creation and growth, and cannot be tied to the current core business, because once tied to the current core business, all performance appraisal management mechanisms will fall into excessive path dependence, resulting in lock-in. In this case, it will not be able to jump out of the original business boundaries and will not be able to see changes in the external market. This is also the reason for Nokia's failure. Nokia strives for excellence in traditional mobile phones, and its enterpriseManagement efficiency is very good. So when it was acquired by Microsoft, Nokia didn't know how it lost.
Nokia’s failure was actually due to its failure to see that disruption may not come from within your industry, but may also be intruders from the outside. That is to say, as said in "The Three-Body Problem": If I destroy you, it actually has nothing to do with you.
The second curve plan is to prevent traditional enterprises from falling into their own business development trajectories, so enterprises need transformation and customized accelerators to help them develop new business directions. And this requires a mechanism to guarantee, because the original internal incubation of enterprises comes from the internal organizational structure process, so we must use external incubation methods to directly recruit outside entrepreneurs to supplement fresh blood, and then achieve transformation and innovation through hybridization, and more importantly Focus on external markets and partners.
This will give entrepreneurs a great degree of freedom, and then encourage them with a high risk-reward ratio through the setting of company equity. As an enabler, the enterprise will provide business resources and start-up funds, but do not interfere too much in entrepreneurial projects. own operations and development. All companies need to do is observe, give feedback, and wait. If such a project can be incubated, it will be a great impetus for expanding corporate boundaries and activating corporate ecology.
Six application scenarios of blockchain
The following is a brief introduction to several blockchain application scenarios:

The first is blockchain + cross-border trade financial services. In fact, this involves many solutions, including exporters, importers, issuing banks issuing letters of credit (LoC), etc. These actually require a mechanism that can securely share data across agencies, organizations, and platforms. , and blockchain can just guarantee the realization of the solution. And through smart contract automation, when various conditions are met, clearing and settlement payments can be completed automatically without manual participation.
Cross-border trade finance involves many parties. If we follow the existing method, each party has its own system and some procedures need to be carried out repeatedly. Reconciliation needs to be confirmed by email and fax. It can take three to five weeks to complete a trade finance deal.
Now through the blockchain, all parties in trade finance can share the data on the ledger, and the member units of the alliance chain can be updated synchronously. The use of smart contracts can realize automatic and synchronous execution of multiple parties, so that end-to-end The end-end business process is shortened from three to five weeks to two or three days, and operations that originally required repeated confirmation can be greatly simplified. It only takes about 5 steps to achieve a closed loop of trade finance.

Blockchain can also be used to improve medical and health services. Patients have certain rights to decide who to share their medical history and other information with, to what extent, for how long, etc. Blockchain can effectively solve problems that traditional, decentralized medical drug R&D, physical examinations and other institutional systems cannot solve. This requires the establishment of a personal health data bank.

Blockchain can also be used for cold chain logistics and end-to-end food safety traceability services. From the origin of food to slaughtering, processing, and transportation, all data parameters can be uploaded to the chain, which will provide an end-to-end security guarantee.
For example, the salmon in Norway is doing food safety traceability through a blockchain company, and in this process, because the data of all parties are on the chain, he can later pass Self-service smart contracts realize payment and settlement of supply chain finance based on event triggers, which greatly improves the efficiency of the entire supply chain.

Blockchain can also provide services in the education and employment markets. School research institutions, examination institutions, employers, and government departments can safely share students' academic qualifications, certificates, papers and other data.

The most important thing is that blockchain can also realize P2P peer-to-peer, microgrid power trading or energy trading services. For example, during the renovation of the old city in Brooklyn, photovoltaic solar panels were added to the roofs of houses to generate electricity. The electricity generated is not sold to power energy companies, but is made into a microgrid in the community and then traded through virtual currency.
This model can be further expanded, and the solar energy produced on the roof can be further used as a distributed charging pile, and then the internal household electricity, security electricity, smart door locks, etc. can be uploaded to this blockchain. Provide overall shared services.

❾ After 6 working days to hand in the “First Question” answer sheet, Ant Group’s journey to the Science and Technology Innovation Board takes a further step

On the evening of August 25, the Shanghai Stock Exchange accepted Ant Group’s application for listing on the Science and Technology Innovation Board , CICC and CITIC Construction Investment Corporation are joint sponsors. On the same day, Ant Group submitted A1 IPO application documents to the Hong Kong Stock Exchange. On August 30, the process status of Ant Group’s Science and Technology Innovation Board was changed to “inquired”.

Six working days later, Ant Group responded to the “first question”. According to previous disclosures, the total number of new shares Ant Group plans to issue in A-shares and H-shares will not be less than 10% of the total post-issuance share capital, and the total post-issuance share capital will not be less than 30.03897 billion shares (before green shoes), which means that it will issue No less than 3 billion new shares. A green shoe mechanism can be introduced for this A-share issuance, with over-allotment rights not exceeding 15%.

In the latest reply, Ant Group expressed its determination and confidence in listing on the Science and Technology Innovation Board. Ant Group stated that the company’s A-share issuance and H-share issuance are not mutually exclusive. If the company does not proceed with the H-share issuance as planned for any reason, or if the number of H shares issued by the company in the H-share issuance is reduced, or the actual issuance price of the company's H-shares is not within the estimated price range of the H-share issuance, the A-share issuance may It will still be done.

In response to the above questions, Ant Group disclosed in its reply the relevant specific contents involved in the Hangzhou Yunbo Articles of Association, and further explained: Jack Ma’s ability to actually control the Hangzhou Yunbo Shareholders’ Meeting is related to the exercise of Ant Group’s shareholder rights. Matters Shan Yu's tableAs a result, the company indirectly controls 50.5177% of the company's shares through Hangzhou Junhan and Hangzhou Jun'ao, both controlled by Hangzhou Yunbo, and is the actual controller of the company. According to the relevant articles of association and agreement, Jing Xiandong, Hu Xiaoming and Jiang Fang were persons acting in concert with Jack Ma on relevant resolutions of the Hangzhou Yunbo Shareholders' Meeting.

In addition, according to the confirmation of Alibaba Group and the provisions of the articles of association of Alibaba Group, Alibaba Partnership has the right to nominate a majority of the members of the Alibaba Group’s board of directors to be elected by the shareholders’ meeting, and under limited circumstances The power to appoint directors directly so that the directors nominated or appointed by it constitute a majority of the board of directors. However, since the director candidates nominated and appointed by Alibaba Partnership to Alibaba Group are determined by the partners of Alibaba Partnership through one person, one vote, Jack Ma does not control Alibaba Group. In other words, Jack Ma controls Ant Group, but not Alibaba Group. Ant Group and Alibaba Group are not controlled by the same actual controller.

Ant Group stated that Hangzhou Alibaba Network Technology Co., Ltd. holds 32.6470% of the company’s shares, which is less than one-third of the company’s total shares. There are no other arrangements for control of Ant Group, and it is not The controlling shareholder of the company. Furthermore, its indirect controlling shareholder Alibaba Group does not control Ant Group either.

In response to questions about "data sharing agreement and data security", Ant Group stated that the company's data platform and data storage are deployed independently. The company and Alibaba Group each have independent computing capabilities, and the data collected by each party is stored independently, and there is no shared mixed data pool.

Ant Group also disclosed in detail the technical areas and directions in which it plans to focus on research and development, including artificial intelligence, risk management, security, blockchain, computing and technical infrastructure, etc. According to the latest data disclosed in the supplement, as of July 31, 2020, Ant Group has patents or patent applications in 40 countries or regions around the world, totaling 26,279, of which 6,382 have been authorized by Hengweiyou, of which 40.17% are deployed in China. . The company has ranked first in the world in patent applications for four consecutive years in the blockchain field, with a total of 212 patent authorizations, ranking first in the world. As of June 30, 2020, the company's technical personnel accounted for 64%, covering all business lines.

❿ Ant Group has released another blockbuster blockchain application. Can it create another "Alipay"?

Prior to this, Alibaba has also repeatedly predicted that it will release a "subversive" application today. product". So, what pain points can Trusple solve? What are the application prospects? What difficulties and obstacles does the promotion of Trusple currently face?

Another “Alipay”

“Same as Alipay’s original intention of launching secured transactions, Trusple also aims to solve the problem of transaction trust. The difference is that becauseDue to the outstanding characteristics of blockchain technology in solving trust in complex processes, Trusple better meets the needs of solving trust in international trade. Jiang Guofei, vice president of Ant Group and president of the Intelligent Technology Business Group, said.

Specifically, on the Trusple platform, when a buyer and seller generate a trade order, it will automatically go up the chain and start circulation. The payment terms agreed on the order are automatically paid, which avoids the need for sellers to urge buyers to perform offline transfers under the traditional model. It also prevents the frequent malicious delay in payment time. Buyers can also make payments based on real orders on the chain. Obtaining financial services such as account terms has greatly improved capital utilization and procurement efficiency.

For buyers and sellers, every successful transaction on Trusple is a deposit of "on-chain credit". When an enterprise has financing needs, financial institutions can submit a verification request to the Trusple platform to determine the authenticity of the enterprise's trade. In this way, on the one hand, it reduces the financial service risks of banks and other financial institutions, and at the same time, it also revitalizes the survival of small and medium-sized enterprises. and operational capabilities.

It is understood that five banks, including BNP Paribas, Citibank, DBS Bank, Deutsche Bank, and Standard Chartered Bank, have become Trusple’s first partners.

How complicated is the traditional trade financing business? The following is the bank’s letter of credit business flow chart:

As can be seen from the above, the traditional international trade financing model is not only complicated in process, but also requires high fees from banks. Service fee. If you have a blockchain trade settlement platform and develop a trade settlement contract, the exporter will directly place the advance payment in the smart contract. When the exporter's goods arrive at the destination, the system will verify that the documents are qualified before triggering the smart contract. Lending money to exporters not only has a simple process and low service fees, but more importantly, it can reduce the capital occupation cycle and improve capital efficiency.

"This is the case with Trusple currently launched by Ant Group, and Ant Chain also supports smart contract. " Li Lianxuan said.

To sum up, traditional cross-border trade and Trusple are the difference between centralization and decentralization. In the traditional trade model, banks serve as the center, providing transaction credit or financing facilities for buyers and sellers. To ensure the smooth progress of transactions, the "credit" in this is the third-party credit of the bank. As for the trust model of the blockchain, its "credit" comes from the blockchain itself and does not require a third-party intermediary.

Facing two major obstacles

The launch of Trusple has also realized a long-cherished wish of Alibaba for 19 years.

As early as 2001, Alibaba B2B company tried to use a model similar to the intermediary guarantee It solved the problem of mutual distrust between buyers and sellers in foreign trade transactions, but it was not possible due to the technical conditions at the time. Two years later, the emergence of Alipay solved the problem of trust between C2C business users. However, due to the long distance between transactions between enterprises, CompareIt’s much more complicated between individuals, and payment methods and logistics vary greatly, so plans from 19 years ago have been shelved to this day. Until the emergence of blockchain provides new solutions. For this reason, Alibaba calls the launch of Trusple a major launch comparable to the birth of Alipay.

It is worth noting that although Trusple has similar functions to Alipay, both are designed to solve the trust problem between different subjects, but the solution ideas are completely opposite. Trusple aims to eliminate middle links and disintermediate, while Alipay is the largest intermediary with 1 billion users. Trusple only targets B-side users in cross-border trade, so it seems to be fine with Alipay for now. So if similar products are used in domestic C2C e-commerce scenarios in the future, it will revolutionize Alipay's life.

Alibaba’s Blockchain Layout

Blockchain is based on the characteristics of decentralization, openness and transparency, information traceability, anti-tampering, and automatic execution of smart contracts. It is a natural solution to trust issues. weapon. As The Economist said: Blockchain will become a “trust machine.” Therefore, Jack Ma said that Alibaba without blockchain would "die".

Jack Ma’s words are not alarmist. Alipay, which started as an e-commerce company, has played a key role in solving the trust issue between consumers and merchants in online transactions. It can be said that without Alipay, Alibaba would not have the e-commerce empire it has today. “Over the past decade or so, we have continued to promote the construction of trust mechanisms through technology and innovation,” Ant Group said in its IPO prospectus.

To this end, as early as 2015, Alibaba established a blockchain team and began to invest in blockchain research and development. In October 2017, Ant Financial (the predecessor of Ant Group) released the "BASIC Strategy" (blockchain, artificial intelligence, security, Internet of Things, cloud computing). In July this year, just before Ant Group applied for listing on the Science and Technology Innovation Board, Ant Blockchain was officially upgraded to "Ant Chain". Jack Ma personally named Ant Chain, which shows its status in the Alibaba ecosystem.

Today, Alibaba has implemented more than 50 blockchain application scenarios. Ant Chain is technically able to support 1 billion account sizes and can support 1 billion daily transactions, achieving 10 transactions per second. Wanbi cross-chain information processing capabilities (PPS).

In April this year, Ant’s “Open Alliance Chain” was officially launched, fully opening up its blockchain technology and application capabilities to small and medium-sized enterprises. Subsequently, the implementation of related blockchain applications further accelerated. In July, the Ant Chain all-in-one machine was released, which can save more than 90% of blockchain deployment time for government and enterprise developers; on September 18, it was opened to the public including data security computing hardware, The privacy and security "three-piece package" of 3D contract security services and data privacy computing services; Trusple is released today.

In terms of research and development, Alibaba’s blockchain patent applications have ranked first in the world for four consecutive years, and its self-developed cross-chain technology has also ranked first in the world.Recognized as an international standard.

According to the website of the Shanghai Stock Exchange, Ant Group’s Science and Technology Innovation Board IPO has entered the “submission for registration” stage. "After listing, the most important thing for Ant Group is to invest in technology. In the future, it will focus on investing in the five major technical fields of artificial intelligence, risk management, security, blockchain, computing and technical infrastructure." Ant Group CEO Hu Xiaoming said.