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1. When will the national standard for blockchain technology be completed

my country has begun to establish a national standard for blockchain to promote the construction of the blockchain standard system from a top-level design. It is expected that It will be completed by the end of 2019 at the earliest.

In this regard, Zhao Wu, founder of Beijing Huashun Xin'an Technology Co., Ltd., also said that although blockchain has disruptive technological potential, we must realize that blockchain The blockchain is still in its infancy and is far from reaching the stage where it can disrupt the world.

Yu Kequn emphasized that an independent and controllable blockchain network is not technically controlled by others, but can also promote the healthy development of the blockchain. Security is the future life of the blockchain, and only its own security can bring blockchain technology to fruition. This requires us to pay equal attention to the development of its security attributes while developing blockchain technology, and even develop it ahead of time.

In this regard, Li Ming also said that an important part of the standard is the standard of information security, which also shows the importance of security for blockchain technology. He also pointed out that the formulation of blockchain standards does not mean that it will rapidly promote the development of the industry, but rather gives certain guidance to the industry. Previously, China had suffered a lot in terms of international intellectual property rights and standards. In terms of blockchain, China has now formed more than 200 patents in international blockchain, and has even stood at the forefront of the world's technology. Therefore, we also need to firmly grasp our right to speak.

Content source Xinhuanet

2. What does blockchain mean? This article will teach you how to understand blockchain

According to Xinhuanet: October 2019 On the afternoon of March 24, the Political Bureau of the CPC Central Committee conducted its 18th collective study session on the current status and trends of blockchain technology development.

When organizing this study, Xi Jinping said: "The integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. We must use blockchain as a core technology An important breakthrough for independent innovation, clarify the main direction, increase investment, focus on conquering a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation."

"Blockchain" for a time This word has become popular all over the Internet. People with a software development background may have a certain understanding of blockchain technology, but most of us are ordinary people. As ordinary people, when faced with the term "blockchain", it is full of questions. Questions, what does blockchain mean, what does distributed ledger represent, and what is the difference between centralization and decentralization?

The Internet defines blockchain as: Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each The data block contains information about a batch of Bitcoin network transactions and is used to verifyVerify the validity of its information (anti-counterfeiting) and generate the next block.

Simply speaking, blockchain is a decentralized database.

This is the function of distributed accounting. Distributed accounting brings benefits and convenience to our lives.

In real life, "blockchain" technology can be widely used in medical care, travel consumption, financial payment and other fields in the future. It will bring convenience to people’s lives, and at the same time, it will also comprehensively improve our financial environment and medical environment.

3. What is an entity token?

An entity token is a token that condenses the contribution value of an entity. That is, an entity enterprise uses blockchain technology to create value based on the behavior of users. Incentive tokens issued to users. For example, consumption rebates and click-to-advertisement rebates are applicable to users' online and offline consumption and interactive scenarios.

Tokens are the most beautiful flowers and fruits produced by blockchain technology. They are inseparable. The most important thing about tokens is that they can confirm and trade assets in an economy. Confirmation of behavior. There are many types of tokens, such as equity, currency, physical, etc.

For example, in the past, it was easy to confirm the rights and interests of goods, but it was difficult to confirm the rights and interests of enterprises. In the future, many business models will change due to the introduction of tokens, such as franchisees. Business models, cooperative business models in the agricultural field, and other business areas that use points, crowdfunding, franchising, and distribution can all be reshaped with the token economy to digitize assets and behaviors.

(3) Blockchain and Xinhuanet Extended Reading

When blockchain technology is applied at different levels, it will produce different efficiency improvements or are other social values. At the level of distributed ledgers, in the past accounting was done through an institution, but in the blockchain era, distributed accounting relying on consensus mechanisms has become possible. Its advantage is that it is tamper-proof, and this technology can be used in many fields.

For example, the efficiency of electronic invoices has been greatly improved. They no longer need to be managed by various tax bureaus and the information in them cannot be tampered with. This kind of ledger technology that purely uses blockchain is also the most discussed currency-free blockchain, which can increase credibility. The shipping industry's use of public ledgers, also known as consortium chains, can significantly improve efficiency.

In the value transmission network, blockchain can also exist. Through blockchain, a technology that builds credit, a peer-to-peer value transmission network is built. For example, Ripple clears and then makes payments through the blockchain network, and all fund flows are traceable.

4. Internet development trends

The future development trend of the Internet is digitization and intelligence. The Internet will shift from the original information Internet and consumer Internet to the industrial Internet and value Internet, and then from the "Internet +" to "Smart+", traffic-driven, data-driven, algorithm-driven, and trust-driven will play an important role in future mobile innovation and the entire digital development.important role.

How to promote new transformation paths in the future?

First of all, the "traffic drive" brought by "Internet +" will better connect everything, gather traffic, form a new service model, and form a more open platform, open data, open applications and Open system;

The second is that the "data-driven" brought by "big data+" will better enable data to speak, use data to make decisions, use data to manage, and use data to innovate through the Internet;< /p>

The third is the "algorithm drive" brought by "artificial intelligence +". Only by combining the necessary knowledge model, base model, data model with computing power and algorithms can we form a better driving force and apply it to various fields. , bringing about a substantial improvement in efficiency;

The fourth is the "credibility drive" brought by "blockchain +", which is based on the Internet, trusted, and distributed databases, and will have a positive impact on the entire transformation and development of the future. has a very important role.

Shan Zhiguang, director of the Informationization and Industrial Development Department of the National Information Center, said at the 2022 Mobile Internet Blue Book Conference: Now we have reached an era where digital determines our destiny. We need growth from data, governance from data, and data from data. To gain momentum and gain advantages from data, this is what our mobile Internet must do well in digital transformation.

5. What are the development trends of China’s blockchain in 2021?

Looking forward to 2021, the top-level design of my country’s blockchain will be further improved, and application standards for various industries will be gradually established and the development direction From technology leadership to market penetration; blockchain integration applications have begun to be implemented in many fields such as finance, supply chain, government affairs, etc., and the industrial scale will show rapid growth. However, many problems currently faced by the development of blockchain in our country still need to be focused on and started to be solved or alleviated in 2021. For example, the independent innovation capabilities of core technologies still need to be further strengthened, security issues and talent gaps need to be improved urgently, and integrated applications The scene still needs to be explored in depth. Therefore, CCID Research Institute proposed to accelerate the construction of the blockchain ecosystem, improve standards and regulations, improve the supervision system, strengthen the independent innovation capabilities of core technologies, promote the coordinated development of blockchain and other new technologies, and vigorously cultivate professional talents to achieve The blockchain industry is developing healthily.
Yibaoquan has been committed to the research and development and application independent innovation of blockchain since 2014. It is a blockchain electronics company that has maturely used blockchain technology to solidify and store electronic data and has been recognized by judicial authorities. Data storage and security agency. Through the pioneering "blockchain + judicial + application" model, with blockchain technology as the underlying technology and electronic data storage and preservation as the basis, we have launched intellectual property protection (micro-copyright), electronic contract signing (gentleman signature), Internet Notary System (Zhongzhengbao) has three application layer brands.
E-Baoquan jointly launched the "Preservation Chain" open platform together with the Notary Office, Arbitration Commission, Copyright Protection Center, CA Organization, etc. At the same time, it has connected with the Guangzhou Internet Court and the judicial chain involving more than 30 courts led by the Supreme People’s Court. Continuously improve the "blockchain + judicial" ecosystem, Yibaoquan can provideDifferent groups provide one-stop blockchain security services such as evidence collection, certificate storage, and certificate issuance.
Currently, it has obtained 15 independent invention patents, 27 copyrights, ISO 27001 information security system certification, Ministry of Public Security Level 3 certification, national double-high enterprise, and the 2018 National Ministry of Industry and Information Technology Industrial Internet Pilot Demonstration Project (the only Blockchain selected projects), and one of the first batch of domestic blockchain information service registration companies by the State Cyberspace Administration of China in 2019.

6. How to define blockchain and what are the application scenarios of blockchain?

Nowadays, many people think that blockchain is a universal technology that can do anything. Blockchain technology is a myth!
Regarding the definition of blockchain technology, American scholar Melanie Swann defined blockchain technology as an open, transparent and decentralized technology in her book "Blockchain: A New Economic Blueprint and Introduction" database.

Definition of Blockchain: Narrow VS Broad

As for the application scenarios of blockchain technology, it is natural to combine the differences between blockchain and other technologies. In terms of system characteristics.

Blockchain technology features include:

Blockchain is a global A database storage system that can be operated collaboratively in various places is different from traditional database operations where read and write permissions are in the hands of a company or a centralized authority (a characteristic of centralization). Blockchain believes that anyone with the ability to set up a server can participate. Nuggets from all over the world have deployed their own servers locally and connected to the blockchain network to become a node in this distributed database storage system; once joined, the node enjoys exactly the same rights as all other nodes and obligations (decentralized, distributed characteristics).

At the same time, those who provide services on the blockchain can perform read and write operations on any node in the system. In the end, all nodes around the world will complete the process again and again according to a certain mechanism. Synchronize in sequence to achieve complete consistency of data in all nodes in the blockchain network.

At the beginning of this year, the term blockchain began to enter everyone’s lives. From national leaders to aunts who dance square dances, everyone knows this term. This term is widely known by Bit Brought by coins.

As we all know, the first few dozen bitcoins could only be exchanged for one pizza. At its peak, it was worth more than 20,000 US dollars, which has skyrocketed by more than a thousand times. This has also benefited a large number of wealthy people. Currently, there are blockchain The virtual currency generated by technology is gradually entering everyone's life, and many people have joined the ranks of currency speculation. I often hear people say that if you buy the right currency a hundred times, a bicycle will become a sports car, and one coin will turn a young model. You can imagine how many of them are involved. Attractive.

Since 2008, various applicationsGames based on blockchain technology have also become popular, such as development games (Network Letts Dog, 360 Block Cat), mining games (NetEase Planet, Virtual Earth, Gongxinbao), which attract people in the name of blockchain. With everyone joining, of course there are some that are really reliable, so everyone needs to identify them carefully.

Blockchain is a distributed ledger (database) that connects data blocks in an orderly manner and cryptographically ensures that it cannot be tampered with or forged. technology. In layman's terms, blockchain technology can achieve openness, transparency, non-tampering, non-forgery, and traceability of all data information in the system without the need for third-party endorsement. As an underlying protocol or technical solution, blockchain can effectively solve the problem of trust and realize the free transfer of value. It has broad prospects in the fields of digital currency, financial asset transaction settlement, digital government affairs, and certificate deposit and anti-counterfeiting data services.

Digital currency

After experiencing physical objects, precious metals, banknotes and other forms, digital currency has become the development direction of the digital economy era. Compared with physical currency, digital currency has the characteristics of easy portability and storage, low circulation cost, convenient use, easy anti-counterfeiting and management, breaking geographical restrictions, and better integration.

Bitcoin technically implements an electronic cash system in which both parties to the transaction can directly transfer funds to each other without the need for third-party transfer or arbitration. In June 2019, the Internet giant Facebook also released a white paper on its cryptocurrency Libra. Whether it is Bitcoin or Libra, the underlying technology they rely on is blockchain technology.

my country began the development of central bank digital currency as early as 2014. my country's digital currency DC/EP adopts a two-tier operating system: the central bank does not directly issue digital currency to the public. Instead, the central bank redeems the digital currency to various commercial banks or other legal operating institutions, and then these institutions exchange it for public supply. its use. In early August 2019, the central bank held a video conference on work for the second half of the year. The meeting called for accelerating the pace of research and development of the national legal digital currency.

Financial asset transaction settlement

Blockchain technology naturally has financial attributes, and it is causing disruptive changes in the financial industry. In terms of payment and settlement, under the blockchain distributed ledger system, multiple market participants jointly maintain and synchronize a "general ledger" in real time. Payment, clearing, and settlement that currently take two or three days can be completed in just a few minutes. tasks, reducing the complexity and cost of cross-bank and cross-border transactions. At the same time, the underlying encryption technology of the blockchain ensures that participants cannot tamper with the ledger, ensuring that transaction records are transparent and safe. Regulators can easily track on-chain transactions and quickly locate high-risk capital flows. In terms of securities issuance transactions, traditional stock issuance has long procedures, high costs, and complex links. Blockchain technology can weaken the role of underwriting institutions and help all parties establish fast and accurate information exchange and sharing channels.People handle the issuance on their own through smart contracts, and regulatory authorities review and verify them uniformly. Investors can also bypass intermediaries and conduct direct operations. In terms of digital bills and supply chain finance, blockchain technology can effectively solve the financing difficulties of small and medium-sized enterprises. It is difficult for current supply chain finance to benefit small and medium-sized enterprises in the upper reaches of the industrial chain, because they often do not have direct trade relations with core enterprises, and it is difficult for financial institutions to evaluate their credit qualifications. Based on blockchain technology, we can establish a consortium chain network covering core enterprises, upstream and downstream suppliers, financial institutions, etc. The core enterprises issue accounts receivable vouchers to their suppliers. After the bills are digitized and uploaded to the chain, they can be uploaded to the supplier Transfer between them, each level of supplier can realize the corresponding amount of financing with the digital bill certificate.

Digital Government Affairs

Blockchain can make data run and greatly streamline the service process. The distributed technology of blockchain can allow government departments to concentrate on one chain, and all service processes are delivered to smart contracts. As long as the service personnel pass the identity authentication and electronic signature in one department, the smart contracts can be automatically processed and transferred, and the subsequent steps can be completed in sequence. All approvals and signatures. Blockchain invoice is the earliest application of domestic blockchain technology. The tax department launched the "Tax Chain" platform for blockchain electronic invoices. The tax department, the issuer, and the payee join the "Tax Chain" network through unique digital identities, truly realizing "instant invoicing for transactions" and "instant reimbursement after invoicing" - in seconds Level invoicing and minute-level reimbursement accounting greatly reduce tax collection and management costs, and effectively solve problems such as data tampering, over-reporting of one ticket, and tax evasion. Poverty alleviation is another practical application of blockchain technology. Utilize the characteristics of openness, transparency, traceability, and non-tampering of blockchain technology to achieve transparent use, precise investment, and efficient management of poverty alleviation funds.

Evidence-based anti-counterfeiting

Blockchain can prove the existence of a file or digital content at a specific time through hash timestamps, and it is open, non-tamperable, and traceable. It provides perfect solutions for judicial forensics, identity certification, property rights protection, anti-counterfeiting and traceability, etc. In the field of intellectual property, the digital signature of blockchain technology and on-chain certificates can confirm the rights of text, pictures, audio and video, etc., and create and execute transactions through smart contracts, allowing creators to regain pricing power and preserve data formation in real time. The evidence chain covers the three major scenarios of rights confirmation, transaction and rights protection. In the field of anti-counterfeiting and traceability, blockchain technology can be widely used in various fields such as food and medicine, agricultural products, alcohol, and luxury goods through supply chain tracking.

Data services

Blockchain technology will greatly optimize existing big data applications and play a huge role in data circulation and sharing. In the future, the Internet, artificial intelligence, and the Internet of Things will generate massive amounts of data. The existing centralized data storage (computing model) will face huge challenges. Edge storage (computing) based on blockchain technology is expected to become a future solution. Furthermore, the non-tampering and traceability mechanism of blockchain ensures the authenticity and high quality of data, which has become a majorThe foundation of all data applications such as data, deep learning, and artificial intelligence. Finally, blockchain can realize multi-party collaborative data calculations while protecting data privacy, and is expected to solve the problems of "data monopoly" and "data islands" and realize the value of data circulation. In response to the current blockchain development stage, in order to meet the blockchain development and application needs of general business users, many traditional cloud service providers have begun to deploy their own BaaS ("Blockchain as a Service") solutions. The combination of blockchain and cloud computing will effectively reduce enterprise blockchain deployment costs and promote the implementation of blockchain application scenarios. In the future, blockchain technology will also play an important role in many fields such as charity, insurance, energy, logistics, and the Internet of Things.

The three words "blockchain" were completely ignited during the Spring Festival that just passed. The limelight overshadowed everything. Some people said that this was the arrival of a new era. The past It has become a classic, and some people say that it is all hype and is ultimately a bubble.

In fact, blockchain technology is not a new concept. It has been applied to many industries, such as electronic signatures, as early as the past two years. Recently, the third-party electronic signature platform eShanbao revealed the latest progress of blockchain applications to NewSeed.

Currently, blockchain technology is mainly used in e-signing products for certificate deposit and certificate issuance. The application scenarios include copyright protection and online signing. , web page forensics, phone recording, email storage of evidence, etc.

Take the rights protection of online works as an example. Since online rights protection generally adopts the method of collecting evidence after the fact, real-time confirmation of rights is not carried out in the process of evidence generation, so the entire confirmation process is difficult. The copyright process is time-consuming, difficult and costly to obtain evidence, and extremely difficult to prove and trace the source. It cannot meet the characteristics of rapid dissemination and large quantity of online works.

eShanbao's new intellectual property protection solution based on timestamp + blockchain starts from the user's real-name authentication and solidifies the information generated in the process in real time. Electronic data, and through the time source service synchronized with the National Time Service Center, online works are stamped with legally valid timestamps to prove that electronic files have not been tampered with in a certain period of time. Blockchain technology can establish point-to-point trust in the network, ensuring that all blockchain nodes can record complete copyright confirmation and transaction records, and can trace their origins, truly realizing anti-repudiation and anti-tampering, and realizing a kind of distribution. trust infrastructure.

Founder and CEO Jin Hongzhou believes that the application of decentralized blockchain technology has greatly improved the efficiency of data storage and certification, and The credibility of the identity of the parties reduces the cost of trust, but it cannot replace the original centralized public key encryption technology. The two should complement each other. Through these twoThe combination of operators provides users with real-time and reliable confirmation solutions.

Next, e-Shanbao will also focus on building a smart contract platform based on blockchain technology. Jin Hongzhou said that data storage, Issuing certificates is only a relatively superficial application based on blockchain technology. It is the first step to implement blockchain technology, and the realization of real smart contracts is the second step. "Smart contracts cannot simply be understood as electronic contracts. They refer to a process, from the conclusion of the contract to the confirmation to the final execution." Jin Hongzhou explained.

From a technical perspective, blockchain is not a brand-new technology, but a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanisms, encryption algorithms, and smart contracts. Specifically, blockchain technology is a technical solution that collectively maintains a reliable database in a decentralized, high-trust manner.

Due to its advantages such as "decentralization", "distributed data storage", "traceability", "anti-tampering", and "openness and transparency", blockchain technology can effectively solve data problems. By establishing a trustworthy data management environment, we can prevent and avoid various data management problems such as data fraud, tampering, and loss, and promote the efficient sharing and application of data. In the process of practice and exploration, the application scope of blockchain technology continues to expand, especially in the field of public resource transactions, and continues to empower public resource transaction management services.

Facilitate transaction data sharing and transaction witnessing

Facilitate transaction data Share

Currently, the data of different trading centers are not interoperable, and the subject information of different trading centers needs to be entered repeatedly. It is difficult to verify the off-site performance provided by the bidders during the bid evaluation process. It is difficult to troubleshoot the same person repeatedly serving as project manager. Issues such as low cost of breach of trust. Establishing a cross-regional subject database based on blockchain can well alleviate the above problems.

The distributed ledger feature based on the blockchain can effectively ensure the real-time or quasi-real-time sharing of data, and can reduce the repeated entry of subject information; the use of blockchain information that cannot be tampered with can ensure the data circulation process on the chain. The authenticity of the bidders in the regional alliance is directly obtained from the on-chain data, making it impossible to hide the fake performance. At the same time, the sharing of bidding behavior data through the blockchain provides a data basis for the development of "joint punishment of dishonest enterprises".

Blockchain-based transaction witness

"Guiding Opinions on Deepening the Integration and Sharing of Public Resource Trading Platforms" ( The State Office Letter [2019] No. 41) pointed out the need to optimize services such as witnessing, venues, information, files, and expert extraction. However, currently public fundsThe source transaction process witnessing is mainly based on manual on-site witnessing, which has limited witnessing strength, high occupation of human resources, and limited witnessing effect. Due to its centralized characteristics, the traditional digital witness system is prone to data tampering, and the data is easily damaged or lost during the storage and migration process, which has certain flaws in terms of security and usability.

Utilize the distributed, difficult to tamper, and traceable characteristics of the blockchain to solidify and store the data generated in each transaction link, and accurately record the data generated through time stamp technology, summary algorithm, and electronic signature technology. Time, content, data source. According to the technical characteristics of the blockchain, simple structured data can be directly saved on the blockchain. For unstructured layout files, videos, audio and other large files, the summary information and original files can be saved through the blockchain. Save via a distributed file storage service. When there are disputes or problems in a transaction, the blockchain can provide a set of credible transaction process data and clarify the responsibilities of all parties involved in the transaction. Achieve the goals of risk prevention and control in all aspects, traceability of the entire process, and improvement of all-round services.

Promote the rationalization of electronic guarantee rates

Promote financial services and corporate financing for bidding enterprises

Promote the rationalization of electronic guarantee rates

At present, electronic bidding deposit guarantee letters have certain applications in the field of bidding, solving the problem of bidding deposit funds for bidding companies. Occupancy issues. However, because financial institutions currently do not have reliable historical bidding behavior data of bidders, they are unable to judge the default risks of different bidders. As a result, the guarantee services charged to bidders adopt fixed rates, which makes a small number of bids with high default risks The cost of personal guarantee is allocated to most bidders with low default risk, which increases the guarantee rates for most bidders to a certain extent.

At present, it is up to the bidder to choose whether to use an electronic letter of guarantee, and the rate is the main choice basis for the bidder. If the bidder performance records are shared through the blockchain and the performance risks of different bidders are analyzed, it will be Different bidders provide different guarantee rates, which not only reduces the risks of financial institutions, but also reduces the use costs of most bidders and promotes the use of bid guarantees. To a certain extent, it can also encourage bidders to abide by their promises and maintain the order of the bidding market. .

Promote financial services for bidding companies

The bidding behavior of bidders is scattered in various trading centers, and the data is simply aggregated In a centralized information system, there is a risk of data tampering (untrustworthy), and valuable bidder transaction behavior data cannot be gathered and shared safely and reliably. Through blockchain technology, bidders from multiple trading centers are gathered, and historical bidding, winning bids, breach of contract, violations and other behaviors are recorded for financial institutions to bidders.Provide data support for credit assessment in subdivided industries of bidding and tendering.

Solving the financing problems of successful bidders

Traditional corporate loans mainly evaluate the company's solvency: collateral, audit There are requirements for accurate financial statements and sustained profitability, but most small and medium-sized enterprises cannot provide these "proofs" at all. Difficulty and expensive financing have become problems faced by many small and medium-sized enterprises in bidding activities. Using the methods of the past will no longer work. To solve the financing difficulties of small and medium-sized enterprises, we can only rely on new technologies and new tools. With the help of the non-tamperable characteristics of blockchain, primary business data from multiple trading centers are gathered, and big data analysis technology is combined to build a portrait of a credible bidder. On the one hand, it improves the risk control level of financial institutions and taps high-quality bidding companies. On the other hand, it lowers the loan threshold for bidding companies and optimizes the service experience.

Drawing on the supply chain finance model, the bidder is a core enterprise with good credit in government departments, national enterprises and institutions, and the winning contract obtained by the winning bidder as a supplier is considered by financial institutions to be a high-quality asset. Apply for a loan from a financial institution. Under the traditional paper-based model, there is a risk of order and contract fraud and the process is cumbersome. Centralized information systems require operators to have strong authority. The distributed ledger and difficult-to-tamper characteristics of the blockchain will help solve the above problems. The contract signing between the tenderer and the bidder and the subsequent financial service links will be realized on the blockchain, which not only solves the problem of data trustworthiness but also reduces the risk of corruption. The entire system relies on a centralized authority.

Through further analysis, we found that credit sales are currently prevalent among domestic enterprises, and the upstream suppliers of the winning bidder have a large funding gap. The credit of the bidder can only be passed to the winning bidder (the winning contract cannot be split or transferred), and the upstream suppliers Business owners are unable to obtain high-quality loans from financial institutions. If the winning contract is converted into a "pass" on the chain, the "pass" can be split, and the winning bidder holding the "pass" can pay part or all of the voucher to the upstream supplier, making it discountable and financing. The "tokens" on the chain can be split and transferred from first-level suppliers to second-level (and multi-level) suppliers, thereby allowing core enterprise credit to be transferred to multi-level suppliers. The shortage of funds from suppliers due to credit sales has been solved, improving the business environment; through value transfer through the blockchain, the financing cycle has been greatly shortened; the cost of supplier loans has been reduced, which will help reduce the production costs of raw materials or intermediate products, and ultimately Increase bidders' profit margins and indirectly reduce bidders' costs.

Regarding blockchain, we can imagine a decentralized management model and technical processing method.

Let me give you an example. There are five people in your family, and they have never been able to figure out how to arrange work and handle family relationships.

So, you and your family discuss it together and simply use voting to solve the problem.

Then this kind ofThe way of voting to solve problems can be called the most elementary blockchain.

Decentralization solves problems.

What application scenarios can blockchain have?

In fact, many of our families and many organizations use blockchain management forms every day

However, this kind of blockchain application for organizational relationships cannot produce Economic Value.

What are the economic applications of blockchain?

The first type is used for tax deposit certificates, bank transfers, etc.

Make full use of the traceability function of the blockchain so that all records can be retrieved and queried at any time

The second type is applied to enterprise operation and management

Enterprises using blockchain management can better solve the problems of enterprise development and allow enterprises to Able to develop faster and make more money.

Summary: The application scenarios of blockchain include taxation, bank transfers, etc., and can also be applied to business operations.

The characteristics of blockchain are distributed accounting and decentralization, but the ultimate goal is to make people get along more equally. Technology is meaningful only when it serves human values, and technology that meets human value needs will develop. Therefore, blockchain is in line with human pursuit of freedom and equality, so its trend to become mainstream is unstoppable.

Currently, there are many blockchain gimmicks, which are basically used to issue coins. The newly launched ono is a decentralized, free and global social platform. Due to decentralization, your chat communication information is peer-to-peer and cannot be viewed by others. In other words, your every word and deed will no longer be recorded and reviewed at any time like it is now on WeChat, QQ, and Facebook, freeing you from the trouble of surveillance.

In fact, blockchain technology can be used in any field. Information that previously required third-party confirmation can be completed online and confirmed at multiple nodes, making it difficult (almost impossible) to delete.

At present, blockchain is still in its infancy, and the technology is not mature enough, but it is also a better time to enter.

Blockchain is a decentralized technology. Blockchain can be applied to all products currently covered by the Internet.

The most popular application industry at present is the financial industry.

An application that has been implemented is product traceability. Alibaba and JD.com are already using blockchain technology to fully trace the origin of some of the products they sell. Consumers can trace the origin of the purchased products. There are also many blockchain applications in the digital advertising industry. Since digital advertising traffic fraud causes losses of tens of billions of dollars every year, there are already blockchain application projects based on digital advertising, such as DCAD, which is based on blockchain. The digital advertising application of chain technology mainly solves the problem of flowThe problem of quantitative fraud

In the future, as the application of blockchain technology becomes increasingly mature, it will be applied in many industries, creating a new ecological model based on technological trust

What is blockchain< p> If we explain the blockchain in non-professional terms, the blockchain is a place where data is stored. However, the data stored in the blockchain is safe and reliable and does not need to be managed by anyone. Therefore, the Internet is a place where data and information explode. , if there is such a place, it will be like a magical treasure land.

What can the blockchain do?

If you ask what the blockchain can do, it is better to say what applications require the use of the blockchain. As mentioned earlier, blockchain is a safe place, so wherever data needs to be protected securely on the Internet, blockchain technology needs to be used. For example:

Because the use of blockchain technology can better protect the data of policyholders, in today’s Internet, data is value and wealth, so value protection and value transmission are the future development directions of the Internet. And blockchain technology can really do just that.

If there are any deficiencies, you are welcome to comment and correct me.

In a narrow sense, blockchain is a chained data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-tamperable. Fake distributed ledger.

The two parties involved in the transaction do not need to know who the other party is, nor do they need a third party for trust endorsement. They only need to trust a common algorithm to establish mutual trust and conduct direct transactions.

Its characteristics are trustlessness and decentralization. The destruction of each node's ledger has no impact on the entire blockchain. The blockchain runs point-to-point payments without a center that may cheat, and the security is greatly improved. Improved, the entire transaction network has changed from a star structure to a point-to-point P2P structure.

In the future, blockchain will be used in many fields and will have a great impact on human life. . It can be widely used in fields ranging from digital currency to securities and financial contracts, medical care, games, artificial intelligence, smart contracts, Internet of Things, e-commerce, file storage and other fields.

1. Cloud storage

This is the statistics of current cloud storage on the Internet. In terms of volume, Google has the largest volume, which is 8,000PB. So what if we share the idle data on the Internet?

Starlight Cloud builds a blockchain data computing and storage lake through Starlight Chain, with a total storage capacity of 15,000P (approximately 15.72864 billion G) in the future. This will be more than 10 times that of Alibaba Cloud's 1500PB! It is also more than four times the size of the Taizhou Storage Center, the largest storage lake in the world after expansion.

2. MedicineIn terms of medical treatment

Using blockchain technology to save personal medical records also retains personal medical historical data. Historical data can be directly called when seeing a doctor or planning your own health in the future. These data are highly private, and the use of blockchain technology also helps protect patient privacy.

7. Is blockchain a disguised pyramid scheme?

Blockchain is a new technology and is not a disguised pyramid scheme. It is just claimed by many pyramid schemes to be a "district scheme". "Blockchain" actually does not have any technology, it is just a pyramid scheme in the name of "blockchain". The country has issued multiple announcements to crack down on this type of pyramid scheme. The following is Xinhuanet's report on blockchain MLM:

Blockchain is not equivalent to virtual currency, and there are also security risks. Behind the popularity, there are exaggerated publicity campaigns with "ulterior motives". Only by removing the flashiness can the blockchain return to its true application value.

Invest 80,000 yuan and it will become 800,000 yuan in three months? Shenzhen police uncovered a huge fund-raising fraud case. Under the guise of blockchain concepts and 10 times earnings, thousands of investors have fallen deeply into it, with the amount involved reaching 307 million yuan. Under the "mysterious veil" of the blockchain, criminals have taken advantage of the opportunity to use their tricks, and the blockchain has become a "signature" for economic crimes such as fraud and pyramid schemes.

Why has the blockchain been repeatedly “misused” by illegal activities such as pyramid schemes and fraud? Apart from being “unclear”, what is the “function” of blockchain technology itself? Since the beginning of this year, with the intensification of supervision and the cooling of the trend of currency speculation, new opportunities have been brought to the development of blockchain. How is the implementation of blockchain commercial "applications" now? Reporters from "Lookout" News Weekly recently conducted an investigation into this.

When the three-month "fund release period" promised by the trading platform expired and the staff started "kicking" people in the QQ group, Tang Haiyan, who lives in Bao'an District, Shenzhen, realized that she might have been cheated. .

Previously, Tang Haiyan invested 80,000 yuan to buy a virtual currency called "Puyin Coin" under the introduction of a classmate. "The other party said that this currency is the most advanced blockchain technology at the moment, with Tibetan tea as collateral, and he also showed me a 'technical white paper'. I didn't understand blockchain, so I didn't read it carefully."

Although he doesn’t know much about blockchain or virtual currencies, Tang Haiyan is full of expectations for the high investment returns. She told reporters that the company that issued the "Common Silver Coin" would regularly split the virtual currency at a ratio of 1:10, which means that each split would increase the value of the "Common Silver Coin" in the hands of investors by 10 times. . As long as it is split once, the 80,000 yuan she invested is equivalent to buying "common silver coins" worth 800,000 yuan, and she can get huge profits by selling them on the trading platform.

According to the rules of the trading platform, the "common silver coins" just purchased cannot be traded immediately. They must be frozen on the platform for three months before the "release period" can begin. However, when three months passed, Tang Haiyan not only failed to wait for the doubling of assets, but also 80,000 yuan frozen on the platform.Yuan can no longer be used for transactions.

“Other investors began to question the authenticity of this investment in the QQ group. As a result, the company staff kicked these investors out one by one. I felt bad.” She said.

Facts also proved Tang Haiyan’s intuition. At the end of March 2018, Shenzhen police uncovered a huge fund-raising fraud case, with the amount of fraudulent funds reaching 307 million yuan. In this case, the Shenzhen Puyin Blockchain Group Co., Ltd. involved in the case used the "blockchain + Tibetan Tea" model to issue virtual currency and defraud public deposits. Tang Haiyan was one of thousands of victims. .

Shenzhen police investigation found that the company claimed that investors could put "common silver coins" on the virtual trading platform "Jubi.com" to earn the price difference

. In fact, the change in its buying and selling price was caused by the company using investors' investment funds to perform behind-the-scenes operations, and once raised the price of "common silver coins" from 0.5 yuan to 10 yuan, allowing investors to taste some sweetness. When a large number of investors entered the market, the company continued to cash out by maliciously manipulating the price trend of "Common Silver Coins", which eventually resulted in the "Common Silver Coins" in the hands of investors being worthless.

Since 2018, engaging in fraud and pyramid schemes under the banner of blockchain has become a commonly used "routine" in new criminal methods. In April 2018, Jinan police busted a pyramid scheme gang under the guise of "western development", "national poverty alleviation", "original stocks", "blockchain" and "e-commerce", arrested more than ten main suspects, and froze the funds involved in the case There were more than 100 accounts, and more than 300 million yuan of funds involved were seized.

Jinan police introduced that Huileyi e-commerce company designed fake virtual disks on the Internet and released so-called "treasure coins" and "precious coins" on the grounds that the country is vigorously developing the big data industry. and other virtual currencies.

They first use the gift as a guise to give a certain amount of virtual currency to newly joined MLM personnel, with the price of each coin being tens of yuan, and then use artificial manipulation to increase the value of the virtual currency to more than 100 yuan or even hundreds of yuan. Yuan, attracting people who do not know the truth to join, and finally "cut leeks" through the cyclical fluctuations of the so-called "devaluation" of virtual currencies, repeated over and over again, and ultimately achieve the purpose of seeking illegal benefits.

In Xi'an, the local police also successfully cracked a huge online pyramid scheme under the banner of blockchain. According to the police, the criminal suspect Zheng paid a high salary to organize network platform administrators Zhang, Li and other 9 people. Since March 28, 2018, he has used collective pyramid schemes and online pyramid schemes as means to sell coins at a price of 3 yuan each. Sell ​​virtual "Datang Coins" on the "Consumption Era" online platform and control the appreciation rate;

At the same time, hold promotion meetings in multiple cities at home and abroad to attract members, and set up There are 28 levels of agents in charge. In just 18 days, the gang has developed a total of more than 13,000 registered members. It has been found that the case involves 31 provinces, municipalities, and autonomous regions across the country, and the funds involved are as high as 86 million yuan.

Tencent Security Joint ExperimentThe "Tencent 2017 MLM Situation Awareness White Paper" released by the Office stated that in recent times, various overseas capital disks, virtual currencies, and ICO (blockchain project initial public offering token financing) projects have emerged one after another, among which hidden illegal issuance, Many risks such as false projects, cross-border money laundering, fraud, and pyramid schemes have caused a large amount of funds to flow overseas. Once they collapse, run away, or lose contact, investors often have no way to complain and their losses are difficult to recover. For example, Baichuan Coin, Mark Coin, Beta Coin, Dark Coin, etc.

Reporters from "Lookout" News Weekly conducted interviews in Guangdong, Shandong, Shanghai and other places and learned that most people know that the concept of blockchain is very popular, but they are "uninformed" about the specific functions of blockchain. There are different opinions: some people think it is used for "investment and financial management" and "buying and selling currency", while others think it is "a major invention of the same magnitude as the steam engine". Some entrepreneurs are gearing up to seize this "once-in-a-lifetime opportunity to get rich."

Many people in the industry said that it is precisely because people have many misunderstandings about blockchain that criminals have the opportunity to fish in troubled waters and mislead investors.

First, blockchain is not equal to virtual currency. As of the end of last year, the number of domestic ICO participants and total transaction volume had doubled. A large number of digital currency exchanges have fled overseas, and the agency investment model has involved more ordinary people in high-risk investments.

Many industry self-media and famous speakers have formed interest alliances with issuers, digital exchanges, etc. to endorse the "Air Coin" project platform and create public opinion. In December last year, the People's Bank of China and nine other departments characterized ICOs as "suspected of illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities."

During the interview, many people told our reporter that the existence of tokens has built a set of equity mechanisms for the development of blockchain technology. This mechanism is indispensable for stimulating the prosperity of blockchain applications. of. "Market practice in the past five years has proven that blockchain applications without equity mechanisms are like computers without Internet connectivity and a market economy without currency. The application scenarios and development speed are greatly reduced." said an investor in Shanghai. .

In fact, tokens represented by Bitcoin are only one of the earliest products to verify blockchain technology. There is no equivalence between the two, and the existence of tokens has already affected the blockchain technology. The development of the chain has obvious negative effects.

Xiao Wei, chief engineer of the Internet Blockchain, told this reporter that the myth of ICO getting rich has shaken the R&D efforts of blockchain technology talents, and the myth of getting rich through coin speculation, which can easily return hundreds of times, is testing the blockchain industry. The patience of chain technology R&D talents. "Many of the 'comrades' in the circle who used to do blockchain technology research and development together have switched to issuing coins, and now there are very few who can continue to do technology research and development and application."

Beijing Internet Finance Industry Xu Zewei, secretary of the party committee of the association, said that under the background of China’s ban on ICOs, many domestic start-up companies promoting blockchain applications are “selling sheep’s heads to dogs”, packaging originally worthless tokens through conceptual packaging to attract money for financing. “ICO polluted the good atmosphere for innovation and entrepreneurship and created aFor speculative products, many young people are thinking about issuing coins instead of starting a business. This gives everyone the illusion of getting rich overnight. ”

At present, more and more people in the industry are beginning to think about whether the development of blockchain must rely on the issuance of tokens to achieve incentives. Guo Dagang, secretary-general of the Beijing Internet Finance Industry Association, told this reporter, The so-called incentive mechanism is just a theoretical basis for project parties to issue tokens. Huo Xuewen, director of the Beijing Municipal Financial Affairs Bureau, also believes that if the blockchain does not get rid of the dilemma of issuing tokens, it will never find a legal implementation mechanism.

Second, the blockchain is not omnipotent and there are risks in security. The blockchain is usually considered to be able to achieve three functions:

First, the data stored on the blockchain The data cannot be tampered with or forged, and the data has high credibility and credibility; secondly, the entire transaction process is traceable, enabling accurate tracking of responsibilities; thirdly, smart contracts embedded in the blockchain can be automatically executed based on the contract, thereby improving Improve work efficiency and reduce default risks. The industry generally believes that blockchain has broad application prospects in finance, logistics, trade and other fields.

In fact, blockchain is not omnipotent and has many functions. Limitations. It is generally believed that based on its cryptographic characteristics, in theory, if you want to tamper or forge on the blockchain, you need to control more than 51% of the nodes to achieve it. When there are enough nodes in the blockchain, this public A widely-participated trust creation mechanism is difficult to tamper with.

However, in reality, digital currency exchanges are frequently attacked or even stolen. On June 20, 2018, South Korea’s Bithumb Exchange announced on its official website that the transaction The hacker attack resulted in the theft of cryptocurrency worth 35 billion won, or approximately US$32 million.

Ji Xinhua, known as China’s first generation “hacker”, said that the blockchain will continue to face Attacks, the process of uploading data to the chain are prone to information leakage. Some people in the industry are also worried that once the super computing power of quantum computing is realized, it will also have a direct impact on the blockchain.

Chinese Academy of Social Sciences Finance Zhao Yao, a special researcher at the institute, told this reporter that as early as 2013, the academic community confirmed that the blockchain is not perfect and there are many "cheating" strategies. As long as there are sufficient economic incentives, more than 51% of the nodes can be controlled Attacks do not only exist in theory.

Zeng Guang, secretary-general of the Shenzhen Internet Finance Association, said that blockchain technology itself is not irreplaceable or subversive. “Some criminals exaggerate the benefits of blockchain role, in order to illustrate that the blockchain has huge investment value, which deserves the vigilance of the majority of investors. ”

Thirdly, the popularity of blockchain is not entirely true. Data shows that from the end of 2017 to the beginning of 2018, more than 300 self-media companies mainly focused on ICO projects appeared, which became a noteworthy abnormal phenomenon. .

“Most of these self-media receive financial support from exchange leaders and currency investors. It is difficult to guarantee the objectivity and independence of their reports. Most of them are encouraged.Blowing ICOs and speculating on currencies excessively elevates the prospects of digital currencies and creates convenience for the spread of public opinion for illegal fund-raising for problematic projects. "Xu Zewei said that some blockchain self-media investors are themselves ICO project investors. Their profit model is to charge soft article fees and project promotion fees to become public opinion helpers for token issuance. Some media have developed into agency investment agencies, from which Profit making.

(7) Blockchain and Xinhuanet Extended Reading:

On August 24, 2018, the China Banking and Insurance Regulatory Commission website issued a risk warning reminding The general public should beware of illegal fund-raising in the name of "virtual currency" and "blockchain".

The original text is as follows:

About preventing illegal fund-raising in the name of "virtual currency" and "blockchain" Risk warning of fund-raising

The China Banking and Insurance Regulatory Commission, the Central Cyberspace Administration of China, the Ministry of Public Security, the People’s Bank of China, and the State Administration for Market Regulation remind:

Recently, some lawless elements have used “financial innovation” to Under the banner of "blockchain", they absorb funds through the issuance of so-called "virtual currency", "virtual assets" and "digital assets", infringing on the legitimate rights and interests of the public. Such activities are not truly based on blockchain technology, but are hyping the concept of blockchain. The reality of illegal fund-raising, pyramid schemes, and fraud mainly has the following characteristics:

1. Networking and cross-borderization are obvious. Relying on the Internet and chat tools for transactions, and using online payment tools to receive and disburse funds, the scope of risk spread Wide and spreading quickly. Some criminals rent overseas servers to build websites, essentially carry out activities for domestic residents, and remotely control the implementation of illegal activities.

Some individuals claim to have obtained high-quality overseas services in chat tool groups The investment quota for blockchain projects can be invested on behalf of others, which is most likely a fraudulent activity. Most of the funds for these illegal activities flow overseas, making supervision and tracking difficult.

2. Deceptive, tempting, and concealed Strong. Use hot-button concepts to create hype, fabricate numerous "high-level" theories, and some even use celebrity V's "platform" propaganda, using airdrops of "candy" as temptations, claiming that "the currency value only rises, not falls" and "investment cycle" "Short-term, high returns, low risks" is highly deceptive.

In actual operations, criminals illegally make huge profits by manipulating the price trend of so-called virtual currencies behind the scenes and setting profit and withdrawal thresholds. In addition, , some criminals also issue tokens in innovative names such as ICO, IFO, IEO, etc., or conduct virtual currency speculation in the form of IMO under the banner of sharing economy, which is highly concealed and deceptive.

< p>3. There are various illegal risks. Through publicity, criminals use "static returns" (profits from currency appreciation) and "dynamic returns" (profits from offline development) as bait to attract the public to invest funds and induce Investor development personnel join in to continuously expand the capital pool, which is characterized by illegal fund-raising, pyramid schemes, fraud and other illegal activities.

Such activities use "financial innovation" as a gimmick, and are essentially "borrowing new and paying back old" Ponzi scheme, capital operation is difficult to maintain for a long time. PleaseThe general public should view the blockchain rationally, do not blindly believe in promises made by the public, establish correct currency concepts and investment concepts, and effectively improve risk awareness; they can actively report to relevant departments any clues about illegal crimes discovered.

8. The future of blockchain is a major trend

Blockchain uses P2P technology, cryptography and consensus algorithms and other technologies, and has the characteristics of data non-tampering, collective system maintenance and information disclosure. Transparency and other properties. Blockchain provides a mechanism for information and value transfer and exchange in an untrustworthy environment, and is the cornerstone of building the future value Internet.

Trend 1: The application of blockchain industry is accelerating, penetrating and spreading from digital currency to non-financial fields

As a universal technology, blockchain technology has expanded from digital currency to non-financial fields. Accelerate penetration into other fields and integrate innovatively with all walks of life. We believe that future blockchain applications will be driven by two camps. On the one hand, the IT camp starts with information sharing and focuses on establishing credit at low cost, gradually covering areas such as digital assets. On the other hand, the cryptocurrency camp starts from currency and gradually advances to the fields of asset management and certificate depository, and spreads to credit reporting and general information sharing applications.

Trend 2: Enterprise applications are the main battlefield of blockchain, and alliance chains/private chains will become the mainstream direction

At present, the actual applications of enterprises are concentrated in the field of digital currency, which belongs to virtual economy. We believe that future blockchain applications will move from virtual reality to reality. More traditional enterprises will use blockchain technology to reduce costs, improve collaboration efficiency, and stimulate the growth of the real economy. This will be the main battlefield for blockchain applications in the future.

Unlike public chains, in enterprise-level applications, everyone pays more attention to factors such as blockchain control, regulatory compliance, performance, and security. Therefore, we believe that strong management blockchain deployment models such as alliance chains and private chains are more suitable for enterprises to use in application implementation, and are the mainstream technology direction for enterprise-level applications.

Trend 3: Applications have spawned diversified technical solutions, and blockchain performance will continue to be optimized

In the future, blockchain applications will develop from single to multiple directions. Different applications such as billing, payment, insurance, and supply chain will be highly differentiated in multiple dimensions such as real-time, high concurrency, latency, and throughput. This will lead to a diverse range of technological solutions. We believe that blockchain technology is far from finalized and will continue to evolve in the future. There is room for efficiency improvement in technical aspects such as consensus algorithms, service sharding, processing methods, and organizational forms.

Trend 4: Blockchain and cloud computing are increasingly integrated, BaaS is expected to become a public trust infrastructure

Cloud computing is the general trend. We believe that the combination of blockchain and cloud is also an inevitable trend. There are two models for the combination of blockchain and cloud, one is blockchain on the cloud, and the other is blockchain in the cloud. The latter one, namely BaaS, Blockchain-as-a-Service, refers to the cloud service provider directly providing blockchain as a service to users. In the future, cloud service companies will increasingly integrate blockchain technology into the cloud computing ecological environment. By providing BaaS functions, they can effectively reduce the deployment cost of enterprise application blockchain and lower the initial threshold for innovation and entrepreneurship.

Trend 5: Blockchain security issues are becoming increasingly prominent, and security protection requires overall technical and management considerations

From a mathematical perspective, the blockchain system is almost perfect. It has the advantages of openness and transparency, difficulty in tampering, reliable encryption, and resistance to DDoS attacks. However, from an engineering perspective, its security is still restricted by infrastructure, system design, operation management, privacy protection, and technology update iterations. In the future, we need to consider the overall situation in terms of technology and management, and strengthen basic research and overall protection to ensure application security.

Trend 6: The cross-chain demand for blockchain is increasing, and the importance of interconnection is highlighted

With the deepening of blockchain applications, payment and settlement, logistics traceability, medical records Enterprises or industries in areas such as identity verification and identity verification will establish their own blockchain systems. We believe that cross-chain collaboration and interoperability among these numerous blockchain systems is an inevitable trend in the future. It can be said that cross-chain technology is the key to blockchain realizing the Internet of Value, and the interconnection of blockchains will become an increasingly important issue.

Trend 7: Blockchain competition is becoming increasingly fierce, and patent competition has become an important area of ​​competition

As the number of participating entities increases, blockchain competition will become increasingly fierce. Competition is all-round, including technology, models, patents and other dimensions. We believe that in the future, companies will strengthen their layout in blockchain patents. Since 2014, the number of blockchain patent applications has exploded. Blockchain patents are mainly distributed in the United States in North America, the United Kingdom in Europe, and China and South Korea in Asia. This pattern will be maintained in the future. The patent gap between China and the United States is narrowing, and China’s number of applications in 2016 has surpassed that of the United States. It is foreseeable that the competition for blockchain patents will become increasingly fierce in the future.

Trend 8: Blockchain investment continues to be popular, and the cumulative risks of the token crowdfunding model deserve attention

Blockchain has become a hot spot pursued by the capital market. Future investment will continue the rising trend from 2014 to 2016. Unlike other financing models in the technology field,A model called "token crowdfunding" has emerged in the blockchain field, namely Initial Coin Offering (ICO), which is a crowdfunding method for startups to issue tokens and raise funds. As the transaction volume of token crowdfunding increases, risks such as lack of review, huge value fluctuations, and being on the edge of regulation for many projects will increase, which deserves attention. This afternoon, a group of friends chatted with me privately and asked about the so-called golden chain, which needs to rely on the model of 1 pass 2, 2 pass 4, 4 pass 16 to obtain income. This is an obvious pyramid scheme to attract people, but there are still many people who just Friends who have entered the currency circle and have just learned about blockchain will be deceived. I hope they can understand the essence and be responsible for their own funds!

Trend 9: There is a conflict between blockchain technology and supervision, but the contradiction is expected to be further reconciled

The decentralization, disintermediation and anonymity of blockchain are in line with its tradition The corporate management and government regulatory systems are not coordinated. But we should also see the opportunities that blockchain brings to supervision. We believe that in the future, enterprises will actively cater to regulatory needs and proactively build in regulatory requirements in technical solutions and model designs. They will not only achieve compliant operations, but also significantly save the cost of regulatory compliance. We also believe that in the future, regulatory authorities around the world will also embrace blockchain, a new regulatory technology, and use new technology to improve government regulatory efficiency.

Trend 10: Trustworthiness is the core requirement of blockchain, and the importance of standards and specifications is becoming increasingly prominent

In the future value delivery network based on blockchain, We will use algorithms and software entirely to build a foundation of trust. But we believe that this is far from enough. Standards are also needed to add credibility to the blockchain. In the future, blockchain standards will start from the user's perspective and be business-oriented, standardizing the technology and governance of blockchain from the dimensions of smart contracts, consensus mechanisms, private key security, permission management, etc., and enhancing the efficiency of blockchain. The degree of credibility adds weight to the trust of the blockchain.

Summary

The above are the ten major trends summarized. To summarize, there are four points: First, blockchain is the foundation of the value network and has gradually become an indispensable part of the future Internet. Second, as application scenarios become increasingly abundant, applications will drive the continuous improvement of blockchain technology, and the integration of blockchain and cloud will become increasingly closer. Third, although the blockchain is mathematically complete, there are also security issues. In the future, security needs to be strengthened from the engineering and management levels, and standards are also needed to improve credibility. Fourth, blockchain technology will gradually adapt to regulatory policy requirements in the future and gradually become an important tool for regulatory technology.