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Ⅰ Why is blockchain not popular in China?
It’s not that it’s not popular, it’s that ordinary people still don’t know much about blockchain technology, nor is blockchain technology. For example, the first project launched by the blockchain startup Abbots Financial Technology Company is Tongxinhuzhu. The goal is to use network mutual assistance as an entry point to continuously promote the application and application of blockchain technology in China. develop. As the first real blockchain application in China, Tongxin Huzhu combines open source code with practical applications to achieve a deep match between blockchain technology and network mutual assistance.
Compared with developed countries, my country’s insurance industry has been developing for a short period of time, and the coverage rate of protection business, especially accident, critical illness, term life, family wealth and other protection insurances, has led to low protection and special groups seeking risk protection. products have certain difficulties. In this realistic situation, online mutual aid, as a supplement to social security and commercial insurance, can provide low-income groups with an option to stay together and have a positive insurance inclusive effect. Yang Yongzhi said, "Blockchain technology can be applied to all aspects of social innovation. Our vision is first to provide low-cost, adequate compensation for personal and property protection for the people in China who need it most, so that insurance can benefit the public. After that, we are willing to Open up this technical solution so that more fields can benefit from the popularization of blockchain technology."
Ⅱ Why is the concept of blockchain so popular?
Zone Blockchain is the first time that mankind has used technology to solve the "credit" problem, and credit is the basis of almost all social activities of mankind.
The real blockchain system and the information it records are trustworthy and non-repudiable. Non-repudiation is guaranteed through digital signatures. It is not a new technology and has long been widely used in fields such as online banking and communications. The most important thing is that through open source and decentralized consensus protocols, the more computers that join the system, the more trustworthy the system becomes. When the scale reaches a certain level, no country or organization can control enough computers to destroy the system consensus, thus achieving The system is trustworthy.
The "absolute credit" provided by the blockchain is wonderful, but it is difficult to be tolerated by the current society because it touches too many fundamental interests, such as trillion-level trading platforms like Alibaba and Amazon and all Banks, the fundamental reason for their survival is to be trusted by people, but the "credibility" of human governance is not competitive compared with the "credibility" of technology. Blockchain has challenged almost all the richest industries in mankind, as well as the prestige of governments of various countries, and even the model of human autonomy. It is inevitable that it will be suppressed and treated with caution for a long time.
The popularity of the concept has led to the development of tens of thousands of "blockchain systems", but currently there are only two real blockchain systems: Bitcoin and Ethereum. All other chains do not have "absolute credit" due to their scale and centralization. Apart from speculation, there is essentially no need to exist.
Ⅲ Is the blockchain quite popular currently? How to understand the blockchain
Blockchain is not just popular. It is popular in China, but not many people know about it. But it caused a certain sensation around the world. The historical background is that Bitcoin creator Satoshi Nakamoto proposed the concept of "blockchain" in the "Bitcoin White Paper" in 2008, and founded the Bitcoin Social Network in 2009.
Several main features:
Blockchain is essentially a decentralized database. The information in our lives now is centralized. For example, when transferring money, you first transfer the money to bank A, and then bank A transfers it to bank B, or more intermediaries, and then transfers it to abroad or other places. Any information is transferred to a central station and redistributed. In the blockchain, all data is dispersed, and the interaction of data is also direct, from the starting point of the data directly to the place where it needs to be received. So data transfer is faster, more direct, and cannot be manipulated.
Why is it called blockchain? Take the Bitcoin blockchain as an example. All Bitcoin transaction information in the world will be recorded in a block every 10 minutes, and the data storage for these ten minutes is monitored by all users. The information is transparent and cannot be tampered with. When ten minutes have passed, the next block will be generated, and the new block is linked to the previous block. So if someone wants to tamper with the information of a block, he must tamper with the information of all previous blocks, which is impossible with current technology.
What is the application?
1. Think about using blockchain in enterprise applications to provide more flexible, secure and efficient business processes and distributed, independent markets. Blockchain allows asset owners to track and trade things of value, such as outstanding invoices, on a transaction “chain” that is more secure, transparent, private and self-coordinating. This capability increases the speed and flexibility of cash and asset management. For example, you are afraid of buying fake goods because one manufacturer transfers production to several middlemen, and then you buy it through the middlemen, not the manufacturer. If all data was decentralized, peer-to-peer, and transparent, then you could buy and pay directly from the manufacturer.
2. The automated market for other assets will be diversified. In essence, blockchain-based transactions can reduce the need for third-party supervision because the software itself is a controlled open architecture and is visible to all parties involved in the transaction. If a company can publish valuable information to multiple potential buyers, and its content can be trusted and authentic to all buyers, and sellers cannot resell, then there will be open and transparent competition when making purchases. environment, sellers can also get better prices.
3. Reduce business transaction friction. Managing expenses is a challenge for most organizations. But blockchain can enable companies to create self-managed networks for suppliers and partners, enabling contract automation, instant payments, tracking of cargo shipments, and visibility of the entire supply chain. For example, if a company transports perishable goods in refrigerated containers,When the temperature of the container exceeds a certain threshold, IoT sensors on the truck may call a smart contract on the blockchain. This will cause the corresponding order to be cancelled, and it will also be able to automatically create a new order so that a second batch of goods can be sent immediately, and the truck with the faulty refrigeration equipment can also be sent to the maintenance department for repair.
4. This type of network reduces transaction errors and information omissions by reducing or eliminating human-computer interaction. And, by connecting buyers directly with sellers, transactions become faster. Manage and secure decentralized private records. Traditional industry practice has been to rely on third parties to secure their shared information databases using firewalls and restricted access. Frequent data breaches show that this approach is not ideal. A fundamental advantage of blockchain is that each individual data record or element is encrypted with the key of a blockchain member. Cybercriminals may need to obtain every key of every member to gain access to all blockchain data. This is not to say that blockchain can guarantee 100% security of all data and help reduce the possibility of large amounts of private records being exposed.
5. A logical application would be employee or student records, where employers, educational institutions and even industry accreditation bodies can add new qualifications, grades or work locations if necessary. Imagine giving employees a key that can access all of their employee records as part of a secure blockchain that encompasses human resources. Individuals can securely share their college transcripts or employment history with other companies or educational institutions without having to rely on unreliable and easily forged faxes. Trace the origin of products and ingredients. Blockchain can help ensure product quality and safety by simplifying how products and ingredients are tracked and located in use. For example, suppose an automobile manufacturer forms a quality-centric blockchain that includes parts suppliers, component assemblers, quality control suppliers, and public regulatory agencies (such as the National Highway Traffic Safety Administration). Then the recall process for defective parts will be handled faster. This realization makes perfect sense when you consider that thousands of lives are lost every year due to defective car parts.
In summary, blockchain is a chain 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. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses automated scripts to A new distributed infrastructure and computing method that uses smart contracts composed of codes to program and operate data (citation network)
The above content is half handwritten and half quoted. If you still have doubts, you can read Check out the TED talk on blockchain linked below, with Chinese subtitles. Hope it can help you
Web link
IV Does blockchain have development prospects in the future
A series of large companies such as Tencent and Alibaba are all sharing and seizing the blockchain cake. Do you think it has development prospects? Of course there is! Below are the top ten predictions of the China Academy of Information and Communications Technology on the global blockchain. I hope it will be helpful to you! !
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From the current market media information, we can see that blockchain information has occupied the major media landscape. It is not an exaggeration to say that it is in the center of the storm. The appropriate metaphor is that it is in the center of the storm.
Why does the blockchain become so popular all of a sudden? Let’s talk about the currency circle. For example, a mainstream currency actually appeared a few years ago, but because the single value direction is not recognized by people, it is not It is worth entering the public eye. After several years of skyrocketing, it seems that some potential human nature has suddenly been activated. It is similar to buying a house. Everyone cannot understand it. It is tempting, explodes, and then activates greedy human nature. Then the information exploded all at once. Seeking knowledge is what everyone wants to know about how coins are produced and how coins are created. So this is how the term blockchain was discovered.
Back to the topic, there is a difference between the currency circle and the blockchain. The currency is just an extension of the blockchain, and the blockchain is the underlying development structure of the currency. Blockchain uses code architecture to build a data distribution architecture similar to a spider web. The information in each link is a storage node, which is different from the previous centralized information storage centers. If you want to modify one of the links, other storage information nodes do not allow it, and you cannot modify the underlying information. This kind of storage center Optimized information distribution is theoretically safer and has better information flow. Just like a house, the framework determines the layout of the house and the comfort of lighting. The principle of building the code architecture is also critical. The specific architecture of the blockchain There is currently not much reference information to what extent the utilization value can be achieved, but large companies have begun to make plans. Judging from the current popularity of the currency circle, the financial attribute field of blockchain is more attractive than other fields. .
The development prospects of the future blockchain are certain. If you want to understand the prospects of the blockchain field, you still need to have a deeper understanding of what the big guys in the current blockchain field are doing. For example, a certain investment giant What are V people doing using blockchain? The direction they are taking has set the benchmark for the development of this field to a certain extent.
I still advise that there are risks in certain coins, so do it and cherish it.
The prospects are great
Blockchain is called the next generation of disruptive core technology, and some scholars believe that it will redefine therighteous world. Our government also supports blockchain technology. All its codes are transparent and each personal information is stored on a separate chain. Compared with the current leakage of personal information, the emergence of blockchain will effectively solve this problem. Question, secondly, there are many other applications of blockchain, private messages that need to be understood!
The current public misunderstanding about blockchain is mainly due to the state’s jurisdiction over digital currencies. The emergence of digital currencies has greatly threatened legal tender. The state has no control over this uncontrollable currency. Supported! However, if digital currency can be effectively popularized in the future, this decentralized currency will be even better than legal currency in terms of security and cost.
Based on the above personal opinions, if you are interested in blockchain and digital currency, please feel free to discuss in private!
Judging from the current situation, it is relatively simple for major Internet companies to test blockchain application functions and is still in its infancy. The real potential application space of blockchain (finance, government affairs, medical care, etc.) is still huge, and it will take time to slowly explore it. In the short term, it does not yet have the conditions for large-scale implementation. However, recently, major Internet companies have frequently deployed blockchain technology, which has played a positive role in cultivating and promoting blockchain in my country's market. Especially in the A-share market, it has attracted strong attention from investors. China Merchants Securities believes that through the conduct of major Internet companies, the audience of blockchain will gradually expand from niche players to the general public.
The current trend is good.
1. Distributed ledgers improve social efficiency.
2. Certain industries can reduce the need for intermediaries.
3. The development of storage and computing performance may bring more industry opportunities.
Bitcoin can solve these problems, and Bitcoin is BSV.
To be honest, the prospects are very good! If you want to talk about digital currencies like Bitcoin, I think the prospects are not great now. Firstly, it is because mining is very difficult now, and it is basically difficult for individual users to mine it, but because the volatility is too high and the water level is too high. Deep down, investment is basically about losing more and making less. The money that can be made is miners and exchanges.
But blockchain is different. Blockchain is a technical and knowledge-based thing. It can be used in many aspects, such as shopping transactions, transportation and logistics, finance, insurance and many other aspects. It can be applied. Not many banks are now cooperating with Internet companies to develop blockchain.
Therefore, blockchain should have good application prospects in the future, mainly because the technology itself has many advantages and has a wide range of applications.
Blockchain definitely has development scenarios! Blockchain technology can be applied in many fields, including finance, insurance, and shopping transactions. And due to the superiority of the blockchain itself, decentralizationAh, asymmetric encryption and so on are a good way to solve the trust problem in people's current production and life. The future prospects of digital currency may not be great, but I think blockchain has huge room for development.
Qianzhan believes that China’s blockchain market will maintain rapid growth, with a compound annual growth rate of 73% in market size from 2021 to 2026. The market size in 2026 will reach US$16.368 billion, and in the next 20 years , China’s blockchain industry market size is expected to reach the trillion level.
China’s blockchain industry market is developing rapidly
From 2017 to 2020, large IT Internet companies have deployed blockchain, start-ups have entered a blowout mode, and the industry scale has continued to expand. According to IDC According to the data, China's blockchain industry has experienced changes from a market size of US$85 million in 2017 to an industry scale of US$561 million in 2020.
In terms of the number of enterprises, in 2020H1, my country provided blockchain professional technical support, products, solutions and other services, and the number of new blockchain enterprises with input or output reached 303, a year-on-year increase of 274.07 %.
China’s blockchain patents account for a large proportion of the world, and the industrial aggregation effect is beginning to show.
From the perspective of the global competition landscape, my country’s competitive advantages in the blockchain industry are relatively obvious. Judging from the number of patents, according to data from the "Global Enterprise Blockchain Invention Patent Ranking in the First Half of 2020" released by the world's authoritative third-party intellectual property agency IPRdaily and the incoPat Innovation Index Research Center, the top 100 companies mainly come from 14 countries and regions. , China accounts for 46%, followed by the United States accounting for 25%.
As an important carrier for the development of blockchain industrial clusters, local governments are accelerating the construction of blockchain industrial parks. Judging from the location distribution of industrial parks, there are a large number of blockchain industrial parks in cities such as Beijing, Shanghai, Hangzhou, Guangzhou, Chongqing, Qingdao, and Changsha, forming a Bohai Rim agglomeration effect dominated by Beijing and Shandong, with Zhejiang and Shanghai , the agglomeration effect of the Yangtze River Delta dominated by Jiangsu, the agglomeration effect of the Pearl River Delta dominated by Guangdong, and the agglomeration effect of Hunan, Guizhou, and Chongqing dominated by Chongqing and Hunan. In the future, China's blockchain industry is expected to accelerate development relying on the aggregation effect.
Blockchain is the most widely used in the financial field
my country’s blockchain industry applications are mainly distributed in finance, supply chain, traceability and hardware, accounting for nearly 65%. According to the "Blockchain Blue Book: China Blockchain Development Report (2019)", there are nearly 28,000 blockchain companies in the country. Among them, about 1,000 blockchain companies have been put into production, accounting for only 3.6%. They are mainly concentrated in developed eastern regions such as Beijing, Shanghai, Guangdong, and Zhejiang.
The market capacity of the blockchain industry is expected to reach trillions in the future
Blockchain technology is China’sThe key direction of independent innovation breakthroughs in the new generation of information technology contains huge space for innovation. In the fields of chips, big data, cloud computing and other fields, innovation activities are becoming increasingly active and innovation elements are constantly accumulating. The application of blockchain technology in various industries continues to deepen, which will give rise to a large number of new technologies, new products, new applications, and new models.
China focuses on accelerating the transformation of its economic development model, pays more attention to the improvement of economic quality and people's living standards, and uses new generation information technology, including blockchain technology, to transform and upgrade traditional industries and enhance the competitiveness of traditional industries. Develop quality and efficiency, and improve the level of smart social management, public services and home life.
The huge market demand in the future will bring rare development opportunities and broad development space to blockchain technology. Researchers compiled and analyzed that China’s blockchain market will maintain rapid growth, with a compound annual growth rate of 73% in market size from 2021 to 2026. The market size in 2026 will reach US$16.368 billion, and in the next 20 years, China’s blockchain market will The industry market size is expected to reach the trillion level.
—— For more data, please refer to the "China Blockchain Industry Market Prospects and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute
At present, the country also strongly supports the development of blockchain Technology is expected to be applied in various fields, so now some large companies, such as Tencent, Alibaba, NetEase, and the Internet are involved. It is still in the development stage, and we can look forward to the future
Blockchain Economy It cannot be simply understood as various virtual currencies. The essence of blockchain is to solve the problem of authenticity, confidentiality and non-tampering of information. (Everyone participating is a recorder of information, and everyone is just a part of the entire information chain. Ring) It more effectively solves the problems of privacy and integrity, so its application scenarios and prospects are broad and promising. (But it should not become a paradise for scammers)
IV When will the blockchain explode?
Blockchain was relatively popular around 2017, but now it is relatively dull
Zone Blockchain is the core supporting technology of the digital cryptocurrency system represented by Bitcoin. The core advantage of blockchain technology is decentralization. It can realize point-to-point transactions based on decentralized credit in a distributed system where nodes do not need to trust each other by using data encryption, timestamps, distributed consensus and economic incentives. Coordination and collaboration thus provide solutions to the common problems of high cost, low efficiency and insecure data storage in centralized institutions.
The application fields of blockchain include digital currency, certificates, finance, anti-counterfeiting and traceability, privacy protection, supply chain, entertainment, etc. With the popularity of blockchain and Bitcoin, many related top domain names have been registered. , which has had a relatively large impact on the domain name industry.
Taking the tourism industry as an example, blockchain applications are mainly focused on travel, travel community reviews, digital identity management, credit consumption management, tracking pilots’ professional certificates and qualifications, and hotel and airline loyalty.Planning, reservation management, and consumption points management are several application areas. In addition, blockchain also has applications in finance, games, entertainment and other fields.
VI How is the overall development of blockchain now?
The concept of blockchain has been very popular recently. It is like the Internet in the 1990s, promising to completely change us. ’s entire life, both professional and personal. Just as the Internet spawned thousands of new companies in its early days, so too is blockchain now.
As the backbone of emerging technologies, blockchain is not only used in the field of virtual currency, but also in other fields such as finance, medical care, and intellectual property certification. A large number of outstanding companies have emerged at home and abroad to develop or enter the blockchain chain industry. Microsoft, IBM, Tencent, Alibaba, JPMorgan Chase, NetEase, Xiaomi, etc. have all deployed blockchain. In the past two years, blockchain will flourish in many fields.
It can be seen that blockchain technology is developing rapidly in the world. Perhaps in the next few years, blockchain-related technologies will be applied to the intelligent field and the notarization field, including identity information authentication, notarization, arbitration, auditing, email, personal visas, ticket information, etc. The scope of application can be Covering the entire society, blockchain technology has the potential to become the lowest level protocol for the Internet of Everything.
Ⅶ After more than ten years, the blockchain is still tepid. Has it failed?
Almost everyone, even those who are skeptical about tokens, Have a positive view of blockchain technology as it has the potential to change the world. However, it has been 10 years since the advent of blockchain technology, and we still have not really used blockchain technology. Some people say that Bitcoin is built on blockchain technology, so the main use of blockchain is as a payment system, or as it develops, as a store of value.
Other uses of blockchain include, for example, as a distributed trading platform, as a new currency, smart contracts, distributed storage, authenticity verification, and immutable distributed ledgers. However, although these have been tried, there are no real applications.
Smart contracts are an interesting phenomenon. Founder Vitalik Buterin aims to create a global computing network that can completely eliminate the need for a centralized third party. This is certainly great in the modern world. However, smart contracts still have a long way to go. The DAO fiasco proved that smart contracts can still be fooled, or should we say, smart contracts are sometimes too smart for their own good.
However, as IC0s continue to use smart contracts as the basis of their business, it proves that blockchain still has hope in this area. Whether it can play a major role in these areas remains to be seen.
The list goes on and on. Without a doubt, it can be deduced that blockchain technology can be integrated into almost all sectors of modern life (including those mentioned above). However, it has been nearly 10 years since the birth of blockchain technology.There is no field that has used blockchain technology to replace the original technology. The ideas are great, but the execution of this technology is simply too slow.
VIII What are the prospects of blockchain?
The application of blockchain has extended to many fields such as medical health, education, charity, social management, finance and so on. The biggest advantage of blockchain is that it truly completes the construction of credit in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible. . The current blockchain is equivalent to the Internet 20 years ago. It is in its preliminary stage. In the future, it will definitely become a major part of the social economy and be used to benefit the people and society. Please wait and see!
Blockchain is an intelligent peer-to-peer network that uses distributed databases to identify, disseminate and record information, also known as the Internet of Value. The concept of blockchain was first proposed by Satoshi Nakamoto in his paper "Bitcoin: A Peer-to-Peer Electronic Cash System" published on the Bitcoin Forum in late 2008.
It is a chain data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be an untamperable and unforgeable distributed ledger.
Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, and uses cryptography to ensure the security of data transmission and access. A new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and manipulate data.
Blockchain Investment
Blockchain investment is indeed one of the hottest investment methods in today’s society. Although blockchain seems to have just started, as such a novel existence, it It is indeed very unique. Many people don’t know what blockchain is. They only know that blockchain mining can make money, so they follow it in a fog. But to achieve a truly safe investment, I suggest that everyone still Understand it first, prepare well before taking action, and don’t fight an unprepared battle.
Blockchain technology does have huge room for growth in the future. Many people believe that it will be able to subvert many existing industries in the future. This is very important. This is the source of all your confidence. If you If you don’t recognize the value of blockchain from the bottom of your heart, then you are likely to be affected by some negative remarks and even doubt the entire industry, which will affect your entire decision-making and judgment.
If you just want to play casually or test the water, the chance of success is very small.
Once you are determined, be prepared and spend all your precious energy on research. When investing, you must do your homework! Never invest money without knowing what the project is about.
Finally, blockchain is a new industry after all. It is currently in a mixed situation. Of course, scammers are indispensable, so when we investWhen doing this, you must be careful, don’t take whatever others say, and keep your eyes open.
In addition, I still have to say that investment is risky, so you must be cautious!
