跨链互联深耕区块链技术应用场景试卷,跨链互联深耕区块链技术应用场景试卷2021
关于跨链互联深耕区块链技术应用场景,本文将为您介绍三个关键词:去中心化应用、智能合约和联盟链。
首先,去中心化应用(简称DApp)是一种利用区块链技术构建的去中心化的应用程序,它可以提供更安全、更可靠、更高效的服务。DApp的核心是去中心化,它没有中央服务器,而是通过区块链技术实现去中心化,使用户可以安全地访问、存储和交换数据。由于没有中央服务器,DApp可以提供更安全的服务,防止数据被篡改和滥用。此外,DApp还可以提供更高效的服务,因为它可以利用区块链技术快速处理大量的数据。
其次,智能合约是一种基于区块链技术的分布式计算机程序,它能够自动执行合同条款,无需人为干预。智能合约可以被用来实现自动化的金融服务,如自动执行合同、支付利息、自动转移资金等,从而提高交易效率。此外,智能合约还可以提供更安全的服务,因为它可以保护用户的隐私,并防止数据被篡改。
最后,联盟链是一种基于区块链技术的分布式账本,它可以让多个组织之间安全地共享数据和资源,从而提高跨组织的数据共享效率。联盟链可以让多个组织安全地共享数据和资源,而不必担心数据泄露或被篡改的风险。此外,联盟链还可以让多个组织之间实现更高效的数据共享,从而提高跨组织的数据共享效率。
总之,跨链互联深耕区块链技术应用场景中的三个关键词分别是去中心化应用、智能合约和联盟链。它们可以提供更安全、更可靠、更高效的服务,从而提高跨组织的数据共享效率。
请查看相关英文文档
① What is cross-chain technology
Cross-chain, as the name suggests, allows value to cross the barriers between chains and circulate directly through technical means. Cross-chain is essentially the same as currency exchange. Cross-chain does not change the total value on each blockchain, it is just an exchange between different holders.
Cross-chain is a complex process, which requires the chain to obtain and verify information outside the chain, and requires nodes to have independent verification capabilities, etc. There are four main implementation modes of cross-chain technology: notary mode, side chain/relay, hash locking and distributed private key control, etc.
1. Notary scheme
Notary schemes are the simplest way to interoperate between chains. They are managed by one or a group of trusted persons. The group comes to declare that something happened on chain A to chain B. The more famous application in the notary model is the Ripple Interledger protocol.
The Interledger protocol was proposed by Ripple Labs in 2012. It connects two different blockchains (accounting systems) through a third-party "connector" or "validator" so that They can exchange currencies freely. In this process, the accounting system does not need to trust the "connector" because the protocol uses cryptographic algorithms to create fund custody for the two accounting systems. Only when all participants reach a consensus on the transaction can they trade with each other.
2. Side chain/relay
The side chain is also a blockchain. It can verify data from other blockchains and enable the exchange of Bitcoin and other assets. Blockchains are transferred to each other, forming a new and open development platform. The Ethereum Raiden Network, a very popular project some time ago, uses sidechain technology. When participants using the Raiden Network transfer funds to each other, they do not need to confirm the transaction through the Ethereum main chain. Instead, they create micropayment channels between participants and complete it under the main chain. The main applications of side chains are: RSK, BTC Relay, etc.
We have already talked about side chain technology before. Friends who want to know more can click here to review.
3. Hash Locking
Hash-locking originated from the HTLC (Hashed TimeLock Contract) of the Lightning Network. It forms a smart contract to ensure that transfers between any two people can be realized through a "payment" channel, fulfilling the role of "intermediary". Both parties to the transaction first freeze part of the money through smart contracts and provide an Hsah value. Whoever can match the Hash value within the contract setting time will get this part of the frozen money.
Although hash locking realizes the exchange of cross-chain assets and can support the mortgage of assets in most scenarios, it does not realize cross-chain assets.The transfer of assets cannot realize cross-chain contracts, so its application scenarios are relatively limited.
4. Distributed private key control
Distributed private key control uses a protocol-based built-in asset template and deploys it based on cross-chain transaction information New smart contracts create new assets. When a registered asset is transferred from the original chain to a cross-chain, the cross-chain node will issue corresponding equivalent tokens to the user in the existing contract.
The operations to implement and release distributed control rights management are called: lock-in and lock-out. Locking is the process of realizing distributed control rights management and asset mapping for all digital assets controlled by keys. At this time, it is necessary to entrust the decentralized network to take charge of the user's private key, and the user owns the private key of the proxy assets on the cross-chain. When unlocked, control of the digital asset is returned to the owner. The main applications of distributed private key control include: WanChain, FUSION, etc.
② Organized by Qin Chu | The Western Digital Expo and the 3rd Xi'an Blockchain Industry Development Forum were successfully held!
On the afternoon of June 17, 2022, the "2022 The Western China Digital Economy Expo and the Third China Xi'an Blockchain Industry Development Forum" (hereinafter referred to as the Forum) was successfully held by Babbitt, West China Network, Global Network, China Report, China News, Sanqin Metropolis Daily, Daqin Network, Xi'an Daily, Xi'an Evening News, Huashang Daily, Huashang.com, Phoenix Wind, Sina.com, Sohu.com, NetEase, Tencent.com, Chain Node, 8 Questions, Inspection Blockchain and many other media provided reporting support for this forum.
This forum is a sub-forum of the 2022 Western China Digital Economy Expo. The forum has the theme of "Focus on the Metaverse, Cultivation of New Business Forms, and Release of New Momentum". Sun Yat-sen of the Xi'an Big Data Resources Management Bureau was specially invited to the forum. Deputy Director Wei, Director of the Chinese Calligraphers Association and former commander of the Shaanxi Armed Police Corps Wang Chunxin, Chairman Jiang Bo of Xi'an Peihua College, Deputy Secretary of the Party Committee and President of Shaanxi Vocational and Technical College Liu Shenghui, Li Yongbin, Information Office of the Xi'an Municipal Committee of the Communist Party of China Chairman, Zhang Yi, Deputy Director of the Industrial Development Promotion Bureau of Xi'an Chanba Ecological Zone Management Committee, President Tan Min of Xi'an Blockchain Technology Application Association, Secretary-General of Xi'an Blockchain Technology Application Association Li Weipeng, Xi'an Blockchain Technology Zhao Liang, Chairman of the Supervisory Committee of the Application Association, as well as nearly 500 guests including government leaders, keynote speakers, roundtable guests, representatives of industry associations, experts in the blockchain field, representatives of financial media, and representatives of local enterprises attended the meeting to discuss and discuss cutting-edge topics of the times. The future development trend of the blockchain industry.
With the strong support of representatives from all walks of life, this forum will include speeches by government leaders, keynote speeches by celebrities, award ceremonies, signing ceremonies, guest roundtable dialogues and other links to explore the digital economy and the real economy. A two-way empowerment path, actively promote the cross-regional linkage development of the blockchain industry, release new momentum for the development of the blockchain industry, and continue to promote the integrated development of the digital economy and the real economy.
This forum officially opened at 14:00 on June 17th. After the two hosts briefly introduced the government leaders and guests present and expressed their warm welcome, the forum officially opened!
At the beginning of the forum, Sun Wei, deputy director of the Xi'an Big Data Resources Management Bureau, delivered a welcome speech for the forum. In this speech, Deputy Director Sun focused on introducing the current development status of my country's blockchain industry and the development achievements of our city's digital economy.
Deputy Director Sun emphasized in this speech:
Currently, the global economy is still in a fragile recovery, and the digital economy has become a new driving force that effectively promotes high-quality economic development. and new engines. As an important town in the western part of the digital economy industry, Xi'an is based on the new development stage, implements new development concepts, and builds a new development pattern. It has achieved certain results in smart cities, digital economy, etc. Industry organizations such as Xi'an Big Data Association and Blockchain Association The positive guidance has laid a solid foundation for the future development of our city’s digital economy.
In the future, Xi'an will adhere to innovation-driven development, create a good digital ecology, strive to promote digital technology to better serve the real economy, and create an open, fair, just and non-discriminatory digital economic development environment, and welcomes all enterprises. Settled in Xi'an and jointly build a digital economy industry ecosystem!
Speaker: Bao Dawei, Head of Blockchain Strategic Cooperation of FILM
As the first keynote speaker of this forum, Mr. Bao Dawei systematically introduced FILM Its positioning, purpose, technological advantages, practical applications, talent cultivation system, cooperation network and other aspects.
Mr. Bao Dawei said:
As China’s largest blockchain organization and the most dynamic blockchain technology open source communityAs one of the most influential blockchain alliances in the region and the world, Golden Chain Alliance is based in the Bay Area and serves China. It features safe and controllable technology and is committed to improving the ability of financial services to the real economy. Up to now, Golden Link Alliance has achieved full-link localization support, more than 200 applications have been stably produced and run, and many cases have achieved good social and economic benefits; the widely recognized blockchain talent cultivation system has successfully cultivated blockchain talents. There are more than 30,000 professional talents, continuing to output the backbone of the blockchain industry!
Speaker: Tan Min, President of Xi’an Blockchain Technology Application Association
At the forum, President Tan Min spoke of “the problems faced by enterprises and the issues they need to think about.” Starting from the starting point, it introduces in detail the role of digital technology in promoting enterprise development, the industrial structure of the Yuanverse, etc.
President Tan Min said:
Enterprises are eager to use digital technology to improve "market demand, brand building, user acquisition, user stickiness, increase profits, and industrial upgrading." Breakthroughs have been made in this regard, and some companies have already achieved success. Facing the future trend of "digital collections + real economy + metaverse", governments, industry associations, industrial parks, pioneering enterprises and academic institutions are all important promoters of the metaverse. Cross-industry and cross-field technological integration and Business innovation is expected to contribute to the increasingly prosperous Yuanverse industrial structure.
After the wonderful speeches of the two guests, this forum ushered in the first signing ceremony: "Yuanongyuan-Empowering the Real Economy to Help Rural Revitalization" Strategic Cooperation Signing Ceremony (hereinafter referred to as: signing ceremony).
Zhao Xiangbing General Manager of Yuannongyuan
Liu Zhiqiang Director of Data Information Service Center of Yanliang District, Xi'an City
Bai Yu Big Data of Pucheng County, Weinan City Center Director
Guo Hongbing Chairman of Luochuan Guotouhao Apple Supply Chain Management Co., Ltd.
Zhang Jianbo Chairman of Xingping Chili Industry Association
Zhang Mai Secretary of the Xiaoying Village Committee of Liquan County
Fu Lei General Manager of Shaanxi New Educated Youth Network Technology Co., Ltd.
Chen Qing General Manager of Dali Baiguo Wangdongzao Cooperative
>
Speaker: Ma Qianli Vice President Babbitt & Secretary-General of META50 Forum
As the third keynote speaker of this forum, Secretary-General Ma Qianli introduced the "Future Metaverse" using the "Metaverse Concept" as the starting point. product form, the future copyright form of the Metaverse" and other aspects.
Mr. Ma Qianli mentioned:
As the concept and key technologies of the Metaverse gradually mature, the Metaverse is continuously applied to various scenarios. In the era of mobile Internet, web pages have been replaced by APPs, making people's interactivity more convenient. Thousands of information can be conveyed and output with just a click of a finger; in the metaverse era, product forms have been replaced by NPCs, and AR/AI virtual technology has adopted Panoramic virtual technology improves immersion.
The core of NPC in the future will be the underlying protocol (blockchain) + virtual digital human (visual presentation) + AI (large-scale decision-making). In the future, the copyright form in the metaverse will give birth to new With different asset forms, new creative subjects and new combination states, the new industrial landscape of the future Metaverse is gradually taking shape.
Speaker: Ma Qiang Vice Chairman Unit of Blockchain Service Network BSN Development Alliance, Hongzao Technology C00
At the forum, Mr. Ma Qiang systematically explained how blockchain Empowering the digital economy, what is NFT technology, the importance of NFT technology in the metaverse, the Chinese technology system of NFT, etc.
Mr. Ma Qiang mentioned:
The DDC network is a secondary network composed of multiple open alliance chains based on the blockchain service network BSN, and Provides ready-made chain environment and related smart contracts, API and SDK for the generation of NFT/DDC. The BSN-DDC basic network adheres to the eight core concepts of "as transparent as a public chain, fully compliant in the country, low in price, and technologically diverse". It has currently built Taian Chain, Wuhan Chain, Wenchang Chain, Fuzhou Chain and many other chains based on different Open alliance chain of blockchain technology!
Moderator: Li Haifeng, Operation and Maintenance Director of Qinchu Technology
Roundtable guests:
Li Shi, General Manager of Tencent Cloud Northwest
/> Yao Yao, General Manager of Inspur Shaanxi District Cloud Equipment
Wang Lei Huawei Cloud Blockchain Product Director
Liu Fuhua, Amazon Cloud Technology Northwest Business Director
Zhang Lei, Alibaba Cloud Northwest Internet Business Director
Mo Yi Public Affairs Director of Kingsoft Cloud Government Enterprise Division
At the roundtable meeting, the guests focused on the theme of "Metaverse - Next Generation Internet and Business Scenarios" and discussed "the future form of the Metaverse, the metaverse "The direction of development in the universe field, the role of cloud computing in the metaverse industry, and the metaverse application scenarios worthy of attention" expressed their respective views. As all the guests said: The Metaverse track is full of imaginative space and is worthy of exploration by all enterprises.
Sharing guest: Bao Shuai, co-founder & COO of Kechuang Information Technology Company
At the forum, Mr. Bao Shuai took "blockchain + autonomous driving" as the starting point. He shared the commercial implementation issues of autonomous driving systems, blockchain-based autonomous driving data sharing, blockchain-based autonomous driving data sharing and other technology implementation directions.
After Mr. Bao Shuai’s wonderful speech, this forum ushered in the second round of signing: the Gansu Cultural Exchange Center Silk Road Digital Collection Trading Platform Signing Ceremony (hereinafter referred to as: Signing Ceremony).
Deeply exploring new areas of cultural integration and forging the platform of the International Cultural Exchange University, the Gansu Cultural Property Rights Trading Center has always adhered to the purpose of "connecting culture with capital and trading to enhance value", constantly promoting the integrated development of culture and the Internet, and making every effort Create a comprehensive service platform for the cultural industry that integrates cultural elements across industries, regions, specialization, quality and characteristics.
Gansu Cultural Exchange Center Silk Road Digital Collection Trading Platform, as a one-stop digital commodity industry service platform, continuously promotes the confirmation of rights, authenticity, price, certainty, and order of digital commodities, and provides true services The real economy promotes the circulation of digital goods and promotes the deep integration of culture with the Internet, finance and creativity.
Wang Qiming General Manager of Gansu Wenjiao Silk Road Data Collection Trading Platform
Meng Fanying General Manager of Qinchu Technology
br />
Wang Qiming General Manager of Gansu Wenjiao Silk Road Data Tibetan Trading Platform
Yang Ning General Manager of Shaanxi 322 Cultural and Creative Development Co., Ltd.
Speakers : Yang Yongqiang, Product Director of Zhigui Technology
As the fifth theme guest of this forum, Mr. Yang Yongqiang took "Application Practice of Metaverse Empowering Digital Industry" as the starting point and shared with examples how Metaverse is used in the digital industry. Practical applications in the digital industry, and the impact of the future metaverse on the digital economy.
Mr. Yang Yongqiang mentioned:
As an important way to leap into the digital world, many domestic cities have successively issued metaverse incentive policies; as a result of integrating multiple new technologies, As a new social form, Yuanverse has continued to make efforts in the digital transformation process of multiple industries and fields such as urban governance, digital twins, digital collections, digital art, urban exhibition halls, cultural and entertainment activities, virtual digital characters, etc.!
Speaker: Ma Lichuan, Deputy Director of Shaanxi Provincial Key Laboratory of Blockchain and Secure Computing
As the last guest speaker of this forum, Deputy Director Ma Lichuan From the starting point of "blockchain empowering the construction of a trusted digital economy", it systematically elaborates on the current status of domestic and foreign industries, domestic industry development trends, data on various digital economy formats in Shaanxi Province, and challenges faced by the development of the digital economy.
Deputy Director Ma Lichuan said:
The digital economy is a key element in creating a new development pattern. The core of the digital economy is data. If we can promote the innovation of traditional digital elements, Extensive and deep integration with traditional industries has shown great potential in maximizing resource utilization and balancing supply and demand with economies of scale.
With the core reorganization of traditional data elements and the smooth flow of data elements, we can integrate and develop a strong domestic market and vigorously expand foreign trade markets.
At the award ceremony of this forum, President Tan Min, Secretary-General Li Weipeng, and Chief Supervisor Zhao Liang of the Xi’an Blockchain Technology Application Association served as the award guests, respectively awarding the [Yuanverse Industrial Technology Leading Brand] and [Digital Culture Industry Innovation Brand] Two awards, the winning companies are as follows:
Leading brands of Yuanverse industrial technology:
Golden Alliance, Alibaba Cloud, Tencent Cloud, Huawei Cloud, Kingsoft Cloud, Inspur, Amazon Cloud Technology, Zhigui Technology, Qulian Technology, Qinchu Technology, Hongzao Technology, Feidie XR Technology, Juchi Cloud, Yiyuan Technology
Digital cultural industry innovation brands:
Lingjing Collection, Qin Chushu Collection, Hongdong Shu Hidden, Unbounded Territory
Moderator: Ma Qianli, Vice President of Babbitt, Secretary General of META50 Forum
Roundtable Guests:
Yang Jinfan, Rule of Law, Northwest University of Political Science and Law and Director of Science and Technology Development Research Office
Qi Lu, Director of Xiamen Yunda IoT Data Research Institute
Zhang Yaosen, Deputy Secretary-General of Fujian Provincial Blockchain Association
Zhang Wei Vice President of Nanjing Blockchain Industry Application Association and General Manager of Yiyuan Technology
Han Kui Qin Chu Product Director
Chen Siqi Business Manager of Lingjing Collection
In the second round table meeting, the guests focused on the theme of "blockchain technology promotes the high-quality development of the digital cultural industry" and jointly discussed "how blockchain technology can help the digitization of my country's cultural industry, the cultural industry Digitization has given rise to new consumption and new business formats, the problems and challenges faced by the digital culture industry, how to promote the high-quality and standardized development of the digital culture industry, and the future key layout directions of digital collections. The digital culture industry relies on its openness, low threshold and Interactive and other advantages will further extend the cultural industry chain, promote structural optimization, and form a new trend in online and offline integrated development!
③ How to accelerate the research and development of core technologies represented by blockchain
We must seize the opportunities of blockchain technology integration, functional expansion, and industry segmentation, and give full play to blockchain It plays a role in promoting data sharing, optimizing business processes, reducing operating costs, improving collaboration efficiency, and building a trustworthy system. It is necessary to promote the deep integration of blockchain and the real economy and solve problems such as difficulties in loan financing for small and medium-sized enterprises, difficulties in bank risk control, and difficulties in departmental supervision. Use blockchain technology to explore digital economic model creationNew, to provide impetus for creating a business environment that is convenient, efficient, fair competition, stable and transparent, to promote supply-side structural reform, to achieve effective docking of supply and demand in various industries, to provide support for accelerating the replacement of old and new driving forces, and promoting high-quality economic development. . It is necessary to explore the application of "Blockchain+" in the field of people's livelihood, actively promote the application of Blockchain technology in education, employment, elderly care, targeted poverty alleviation, medical health, commodity anti-counterfeiting, food safety, public welfare, social assistance and other fields, and provide benefits to the people. Provide the public with smarter, more convenient, and higher-quality public services. It is necessary to promote the combination of blockchain underlying technical services and the construction of new smart cities, explore the promotion and application in information infrastructure, smart transportation, energy and electricity and other fields, and improve the level of intelligence and precision in urban management. Blockchain technology should be used to promote larger-scale interconnection between cities in terms of information, funds, talents, credit information, etc., and ensure the orderly and efficient flow of production factors within the region. It is necessary to explore the use of blockchain data sharing models to achieve cross-department and cross-regional joint maintenance and utilization of government data, promote collaborative business management, deepen the "maximum one visit" reform, and bring a better government service experience to the people.
④ What are the current development prospects of blockchain technology
The research strength has increased and the research results have been significant
As of the end of 2019, my country’s blockchain research institutions The number has reached 97. In addition, domestic universities have deployed blockchain technology research, strengthened the innovation of blockchain technology theoretical knowledge, and improved the blockchain technology research and development capabilities of universities. By the end of 2019, there were 24 universities in my country participating in strengthening blockchain technology research and development. The core technologies are mainly distributed in the aspects of consensus algorithm, cross-chain, underlying architecture and multi-chain.
Judging from the research results, in terms of consensus mechanism, my country’s consensus mechanism is gradually moving from a single algorithm to a hybrid consensus; in terms of cryptographic algorithms, cryptographic algorithms such as secure multi-party computation, homomorphic encryption, and zero-knowledge proof are continuously integrated and applied. ; Research on cross-chain technology and security technology has gradually become a research hotspot.
From the perspective of blockchain hardware, currently, the world’s most important digital currency mining equipment suppliers are all located in China, including Bitmain, Canaan, and Yibang Technology. Three mining equipment companies account for more than 90% of the market share.
From the perspective of industry applications, the financial industry is currently the industry with the most blockchain technology implementation projects and the richest scenarios, such as supply chain finance, asset certificate aromatization, credit reporting and risk control, etc.
China accounted for 60% of the world’s patent applications in 2019
With the tilt of national policies towards blockchain and the implementation of applications in various fields, blockchain-related patents have gradually been Attention from all parties. Compared with 2018, the number of blockchain-related patent applications from Chinese enterprises has increased significantly in 2019. Among the top 100 global companies on the list, my country accounts for 63%.
The blockchain industry will be further standardized in 2020
In 2020, my country’s blockchain policy will continue to benefitGood, standards and regulations are more perfect, industrial scale continues to grow, technology continues to innovate and develop, and application demonstration effects in key areas are accelerated. At the same time, based on the problems existing in my country's blockchain development in 2019, CCID Blockchain Research Institute proposed to speed up top-level design and formulation, establish a sound regulatory system, accelerate core technology innovation and research and development, promote third-party evaluation and certification, strengthen professional talent training, and accelerate promotion Six suggestions for implementation in various fields.
⑤ Common blockchain cross-chain technologies
Common blockchain cross-chain technologies include: 1. Ripple Interledger protocol. 2. Side-chain technology BTCRelay. 3. Relay technology Polkadot and COSMOSPolkadotCOSMOS; 4 hash locking technology Lightingnetwork.5 distributed private key control technology WanChain. Among the many problems faced by blockchain, the interoperability between blockchains greatly limits the application space of blockchain. Regardless of whether it is a public chain or a private chain, cross-chain technology is the key to realizing the Internet of Value. It is a good medicine to save the blockchain from scattered islands and a bridge for the blockchain to expand and connect outwards.
⑥ What is the development trend of blockchain and the future development trend of blockchain
The dual-layer policy and market drive the blockchain industry with broad development prospects
The dual-layer policy and market Driven by the epidemic, China's blockchain-related industries are expected to move from reality to reality
In the context of the rapid development of blockchain, China conforms to the needs of globalization, keeps up with international pace, and actively promotes research and standardization in domestic blockchain-related fields. formulation and industrial development. Compared with the background of increasingly strict supervision of digital currencies such as Bitcoin, support and encouragement for blockchain technology has reached a global consensus, and domestic blockchain technology will also receive national and local policies in the next few years. support. Driven by the dual layers of policy and market, blockchain-related industries are expected to move from reality to reality, and blockchain technology will accelerate the exploration of possible application scenarios.
Forecast of global blockchain market size
According to the "In-depth Analysis Report on Business Model Innovation and Investment Opportunities in the Blockchain Industry" released by the Qianzhan Industry Research Institute, the global blockchain market size is expected to increase from 2017 to 2017. It will increase from US$411.5 million in 2022 to US$7.6837 billion in 2022, equivalent to a compound annual growth rate of 79.6%. Given the wide range of applications for distributed ledgers and the rising market value of cryptocurrencies, there is a strong need to improve transparency, security, efficiency and streamline processes, as well as blockchain as a service (
BaaS). As a hot topic of development, the blockchain market will expand rapidly. In addition, communication services, international trade, supply chain management, program platforms, payments, smart contracts, digital identity verification, etc. also urgently need blockchain technology and will create a large number of growth opportunities.
Blockchain, as an integrated application of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, has become an integral part of the United Nations, NationalIt has become a hot topic for research and discussion by international organizations such as the International Monetary Fund and governments of many countries, and the industry has also increased investment. At present, the application of blockchain has extended to many fields such as the Internet of Things, intelligent manufacturing, supply chain management, and digital asset transactions, and will bring new opportunities to the development of new generation information technologies such as cloud computing, big data, and mobile Internet. , has the ability to trigger a new round of technological innovation and industrial change.
By 2022, the payment sector may occupy the largest share of the blockchain market
Relying on blockchain technology, instant payment of assets can be realized, which not only has the characteristics of non-tampering and digital identity verification, but also can provide Financial institutions and banks significantly save settlement costs. In addition, blockchain makes it possible to automate payments, eliminating the need for middlemen, saving labor costs and time for buyers and sellers. Thanks to the many advantages mentioned above, it is expected that the payment sector will be the most important segment in the entire blockchain market.
The fastest growing region will be Asia-Pacific
Blockchain service providers in the Asia-Pacific region are good at designing and developing user-friendly, cost-saving, and fast cryptocurrency platforms, extending blockchain to multiple Industry application tentacles. Both large enterprises and small and medium-sized enterprises are actively seeking venture financing and investing in the research and development of cutting-edge blockchain technology. In addition, the real estate industry in some countries in the Asia-Pacific region is expected to rapidly transform from semi-transparent to fully transparent, which will also help enhance the development prospects of blockchain in the Asia-Pacific region.