区块链的时代来了,区块链在我国的发展
近年来,随着区块链技术的发展,区块链已经成为社会关注的热点,也成为投资者的新宠。区块链技术的发展,不仅改变了传统的金融体系,也为企业提供了新的发展机遇。
在我国,区块链技术的发展也受到了政府的高度重视,中国政府积极推动区块链技术的发展,支持企业投资区块链技术。
中国政府在推动区块链技术发展的同时,也认真落实了相关政策。例如,中国政府专门成立了区块链技术行业发展基金,以支持企业投资区块链技术。此外,中国政府还鼓励企业投资区块链技术,并给予相应的税收优惠。
此外,中国政府还鼓励企业投资区块链技术,并加大了技术研发力度。中国政府支持企业在区块链技术研发上投入更多的资金,以加快技术的发展。此外,中国政府还支持企业发展区块链技术,推出了一系列政策,以支持企业投资区块链技术。
同时,中国政府还支持企业发展区块链技术,推出了一系列政策,以支持企业投资区块链技术。例如,中国政府支持企业在区块链技术研发上投入更多的资金,以及加大技术支持力度,并给予相应的税收优惠。
总的来说,中国政府积极推动区块链技术的发展,支持企业投资区块链技术,并为企业提供了良好的发展环境。在未来,中国政府将继续支持区块链技术的发展,推动区块链技术在我国的发展。
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Ⅰ Blockchain Era: Transformation from Information Internet to Value Internet
Guosen’s Viewpoint
Guosen Overseas Group’s Viewpoint:
With the development of the Internet to this day, its main function is to allow information to circulate on the Internet, and information is spread by copying (A is copied to B). The "ledger" constructed by the blockchain is open, transparent, non-tamperable, peer-to-peer interconnected, and easy to trace, and builds an infrastructure based on a trust mechanism to allow the value of digital assets to circulate efficiently on the Internet, and digital assets occur on the Internet. Transfer of value (transfer from A to B, rather than copying from A to B). We are optimistic about the future of blockchain. However, the most important achievement of blockchain at this stage is the evangelism of ideas. Its emergence allows the market to see the shortcomings of the "Internet of Information" and the trend of the "Internet of Value".
Comments
The relationship between blockchain and Bitcoin
Explaining blockchain, there is no way around Bitcoin. The "invention" of Bitcoin has proven the feasibility of blockchain technology. Bitcoin is not the entirety of blockchain technology, but only one of its applications. Without Bitcoin, it’s possible that blockchain wouldn’t have happened, or at least not anytime soon.
The origin of the word "blockchain" is the "chain of blocks" in the original English version of the Bitcoin white paper. When translated into Chinese, the word "blockchain" is used. As the focus of Bitcoin mining shifts to China, the Chinese market has become the main battlefield for blockchain and Bitcoin. The English domestic market of blockchain is written as "blockchain", which has become a proper noun for the entire blockchain technology in the world. (Noun evolution path: chain of blocks - blockchain - blockchain).
The total amount of Bitcoin is limited, stimulating market speculation
Whether Bitcoin is regarded as a commodity or currency, due to its limited total amount, it stimulates market speculation on Bitcoin. Price, referred to as currency speculation. According to the Bitcoin generation mechanism, the total number of Bitcoins is 21 million.
Bitcoin is the reward after a new block is connected. A block is generated every 10 minutes. A certain number of Bitcoins are rewarded for each block generated. 50 are rewarded in the first four years. The number of Bitcoin rewards is halved every four years, so the total number of Bitcoins is 21 million. Calculation method: {50 X 6 X 24 X 365} X 4 X {1+1/2+. . . . . (1/2)n}=21 million (2.1*107).
Technical principles of blockchain
Blockchain timestamps all transactions through random hashing and merges them into an ever-extending random hash-based, working The proof-of-work chain is used as a transaction record. Unless all the proof-of-work is completed again, the transaction record cannot be changed. There are three steps to forming a new block:
1. The miner packages the four parts of the "ledger, the header of the previous block, the timestamp, and the random number sequence X" within a period of time into a block;
2. Through a large number of calculations, the miner adjusts the random number sequence X of the block, generates the composite required hash value, and obtains Bitcoin rewards.
3. Miners connect the new block with the previous block to form a new blockchain.
The number of patents is an important indicator for quantifying blockchain companies at this stage
The global blockchain industry is still in the early stages of development. Most companies are in the conceptual design stage and have no commercialized products. It is difficult for outsiders to objectively evaluate the pros and cons of startups. We believe that the number of blockchain invention patents can reflect the potential of each company and is an important indicator for distinguishing blockchain companies through quantitative means at this stage.
Investment advice: Based on the fundamentals of the company, focus on the value of the Internet in the blockchain era
With the development of the Internet to the present, its main function is to allow information to circulate on the Internet, and information can be copied. propagation method (A is copied to B). The "ledger" constructed by the blockchain is open, transparent, non-tamperable, peer-to-peer interconnected, and easy to trace, and builds an infrastructure based on a trust mechanism to allow the value of digital assets to circulate efficiently on the Internet, and digital assets occur on the Internet. Transfer of value (transfer from A to B, rather than copying from A to B). We are optimistic about the future of blockchain. However, the most important achievement of blockchain at this stage is the evangelism of ideas. Its emergence allows the market to see the shortcomings of the "Internet of Information" and the trend of the "Internet of Value".
Realizing the "Internet of Value" requires large-scale application implementation, not a single technology. At this stage, blockchain is still in its early stages of development. We are optimistic about the future of blockchain, but we do not overestimate the present of blockchain.
In the Hong Kong stock market, there are many companies involved in blockchain. Based on the company's fundamentals and the number of blockchain patents, we recommend Tencent Holdings and Launch Technology, maintaining performance forecasts and recommendation ratings.
Tencent (0700.HK): We expect the company’s revenue growth rate from 2019 to 2020 to be 22% and 22%, and net profit growth rate to 23% and 16%, of which NON-GAAP profit growth rate is 15%, 16%. The EPS corresponding to 2019 and 2020 are HK$10.4 and 12.1, and the target valuation range is maintained at 380 to 400 yuan, corresponding to 31 times to 33 times PE in 2020. The overweight rating is maintained.
Launch Technology (2488.HK): We predict that the company’s revenue growth rate from 2019 to 2020 will be 9.7% and 12.2%, and its net profit growth rate will be 69% and 29%, corresponding to EPS of 0.32, 0.42 Hong Kong dollars. We maintain a "buy rating" and recommend a reasonable valuation of HK$8-9, corresponding to 25-28 times PE in 2019.
Risk warning
1. BlockchainIdeas cannot be turned into products. 2. The emergence of new technologies causes the blockchain to be falsified. 3. The profits from the company’s existing business cannot support the long-term R&D investment in blockchain.
Appendix: Blockchain-related companies in Hong Kong stocks
1. Tencent (0700.HK): There is a dedicated blockchain portal (https://trustsql.qq). On October 19, 2019, Tencent released the "2019 Tencent Blockchain White Paper" to provide an overall introduction to Tencent's blockchain. The solution includes the TrustSQL blockchain underlying platform and Tencent Cloud TBaaS, and details four Tencent blockchain best practices, including blockchain electronic invoices, micro-enterprise chain, Zhixin Chain and blockchain bank draft. Tencent, which focuses on "connection", continues to develop infrastructure construction in the field of blockchain and promotes the implementation of "blockchain+" industry solutions to promote value connections between enterprises and between enterprises and consumers. Through the "blockchain+" model, we empower the financial and real industries, promote the integration of blockchain and industry, and accelerate the construction of industrial blockchain.
2. China Mobile (0941.HK): On October 15, 2019, the Blockchain Service Network (BSN) press conference and event was hosted by the Information Center, hosted by China Mobile Communications Group Corporation and China UnionPay Co., Ltd., and co-organized by Beijing Hongzao Technology Co., Ltd. The Technology Development Summit Forum was successfully held in Beijing. China Mobile utilizes existing resources, cloud facilities and computing storage facility resources to conduct independent research and development and optimize existing facilities; as a new cornerstone, China Mobile promotes the mutual empowerment between 5G and blockchain.
3. Ping An of China (2318.HK): The number of global blockchain invention patent applications disclosed in 2018 was 84, ranking 7th in the world. Ping An relies on blockchain technology to improve the intelligent level of urban management. Ping An applies blockchain to medical health, targeted poverty alleviation, social welfare, etc.
5. ZhongAn Online (6060.HK): Anlian Cloud, a professional ecological cloud service platform based on artificial intelligence, blockchain and cryptography. The platform uses Zhongan Chain independently developed by Zhongan as its underlying infrastructure and also develops electronic signing , digital identity, distributed encrypted storage, certificate storage, traceability and other nearly 10 vertical applications.
6. Kingsoft (3888.HK): It was the first to implement Game + Blockchain applications and solutions. Currently, the game cloud business is exploring the application of blockchain technology and accelerating the expansion of the game ecosystem. In the first half of 2018, Kingsoft Cloud took the lead in launching the "project-X" plan for the entire ecosystem of blockchain games, realizing a project consisting of blockchain platform infrastructure construction, blockchain underlying technology, and blockchain game development, operation, and distribution. Complete blockchain game ecological structure.
7. HC Group (2280.HK): On January 31, 2018, HC Group announced that its first application scenario based on blockchain was officially launched.The cooperation framework agreement signed with Joyvio Co., Ltd. will start from the agricultural field to build HC Group’s blockchain products, and use the advantages of industrial big data and blockchain application scenarios to expand the modern agricultural blockchain market.
8. Launch Technology (2488.HK): The company is China's earliest leading high-tech enterprise dedicated to the research and development and production of automobile diagnosis, testing, maintenance, and tire equipment. As a leader in the Internet of Vehicles industry, the company is deeply involved in exploring solutions for the integration and monetization of automotive big data. In 2018, the company ranked fifth in the world in terms of the number of blockchain-related patent applications, standing at the forefront of new blockchain technologies. The company has combined blockchain technology with industry applications and developed the "Super Chain Project" series product, a 4G vehicle data collection terminal with blockchain technology – GTBOX-I, tailored for the Internet of Vehicles industry. Launch Technology has publicly stated its position many times: No matter whether it is declining or rising, it refuses to get involved in digital currencies and ICOs. It neither public nor private placements, and concentrates on exploring the value of the chain.
9. Meitu Company (1357.HK): The vision of Meitu Blockchain is to connect the digital world and reality by creating a decentralized, secure and encrypted identity pass for users: Meitu Intelligent Passport (MIP - Meitu Intelligent Passport) world and create a trusted blockchain environment. On the one hand, Meitu Intelligent Pass (MIP) allows users to anchor assets scattered across various applications on the blockchain, and through face recognition AI verification, use various applications more conveniently and securely, and receive privacy protection; On the other hand, Meitu Intelligent Pass (MIP) also allows some services that require strong verification, such as the medical and education fields, to more effectively use blockchain to serve users.
10. Gome Retail (0493.HK): On April 14, 2018, according to Gome Retail, Gome has entered the era of comprehensive digitalization. Operating digital stores is Gome’s “No. 1 Project”, and the company’s focus on blockchain technology and decentralization Technology is always doing research. The relevant person in charge of Gome Retail said: Gome’s shared retail business model and employee beauty store retail strategy are very consistent with the decentralized model system of the blockchain. The employee beauty store is also a new channel that Gome hopes to build.
(Source of article: Guosen Securities)
Solemn statement: The purpose of releasing this information is to spread more information and has nothing to do with the position of this site.Ⅱ Blockchain has officially entered the 3.0 era, and real estate, supply chain, etc. will become key application areas
With the continuous development of blockchain, the application coverage of blockchain is getting wider and wider. With the improvement of scalability and efficiency, the application scope of blockchain will go beyond finance and expand to fields such as logistics, real estate and the Internet of Things, becoming a bottom-level protocol in the future society. This means that blockchain will Entering the 3.0 era.
The blockchain 1.0 era is represented by BTC (decentralized concept), which plays more of a distributed accounting role, such as BTC, Ripple, BCH, Litecoin, Dogecoin, etc. It is more used for digital currency accounting. Of course, the development in the first stage is not perfect. Bitcoin still has many problems that need to be solved, such as expansion, lightning payments, hard forks, etc.
With further completion, the blockchain has entered the 2.0 era, represented by ETH (smart contract), entering the contract stage.
Blockchain 2.0 represented by ETH is a great progress, but there are still many problems, such as channel congestion, slow transaction speed, and fork risk. High handling fees and so on. For example, after the popular CryptoKitties were launched on the Ethereum platform, they occupied about 25% of the Ethereum network at its peak, causing congestion on the entire Ethereum network and seriously affecting the experience of other Ethereum users. . The current development is a transition process from the first stage to the second stage.
After bidding farewell to the 1.0 and 2.0 eras, thanks to the continuous development of technology, blockchain has become more practical. This also means that the blockchain will completely break away from the financial attributes of the start-up period and enter practical application scenarios in all walks of life with its decentralization and other characteristics.
This also means that the blockchain has officially opened its 3.0 era - the era of comprehensive application. The blockchain industry structure in the 3.0 era is also more complex. Today I will give you a brief analysis.
The blockchain industry in the 3.0 era is divided into three levels: basic layer, service layer and application layer.
(1), Basic layer
The corresponding upstream, middle and downstream of the industrial chain include: upstream underlying technology and infrastructure (core technology, equipment, underlying platform deployment method), the midstream service layer mainly provides developers with applications based on blockchain technology; the downstream application layer includes finance, supply chain management, intelligent manufacturing, government enterprises, services, social applications, etc.
Hardware, technology and infrastructure manufacturers mainly provide chips, mining machines, mining pools, hard drives, routers and other infrastructure necessary for blockchain applications.
The underlying platform deployment methods can be divided into public chain, alliance chain, and private chain.
The underlying technology includes core basic components, protocols and algorithms. Based on the underlying core technology components, it provides different functions for different application scenarios, including smart contracts, programmable assets, incentive mechanisms, member management, etc.
The base layer provides the underlying blockchain or distributed ledger technology framework, mainly including Ethereum, Hyperledger Fabric, R3 Corda, FISCO BCOS, etc.
(2) Service layer
The service layer refers to the BaaS (Blockchain as a Service) platform. The main domestic BaaS platforms are Ant Blockchain BaaS platform, Tencent Cloud TBaaS, Ping An One Account BaaS platform, etc.
It mainly provides developers with applications based on blockchain technology, and provides smart contracts, information security, data services and other products based on the underlying technology. services to improve the convenience and scalability of developers developing applications at the platform layer.
Application and service vendors are responsible for the research and development of general blockchain technology and technology expansion platforms, digital currency education and storage platform construction, etc., and provide technology for the industry application layer. support.
(3) Application layer
The application layer is represented by core application components, including smart contracts, programmable assets, incentive mechanisms, member management, etc.
Refers to the end user or service provider of blockchain. The main application scenarios of blockchain now include cross-border payment, anti-counterfeiting traceability, and supply chain. Finance, trade finance, electronic bills, ABS, etc.
Service objects are divided into two categories: B-side (initial stage): blockchain + (finance, supply chain management, copyright protection, education); C-side (first to land): blockchain+ (sharing economy, pan-entertainment).
The downstream blockchain application field is the combination of blockchain technology and existing industries. Now, Many industries have begun the application era of blockchain 3.0.
(1) Blockchain + supply chain
Blockchain + supply chain enables full-process traceability of product information. The traceability and anti-counterfeiting system of the traditional supply chain has shortcomings such as opaque information, easy data tampering, poor security and relative closure. However, using blockchain technology and Internet of Things technology, the information on the raw material purchasing process, production process and circulation process of goods can be processed. Integration and traceability can truly realize the full-process authentic traceability across brands, channels, retailers, and consumers, down to each item and code, significantly improving user trust experience.
(2), Blockchain + Internet of Things
Build an information exchange network in the era of Internet of Everything. As the number of devices in the Internet of Things grows, the distributed nature of the blockchain provides a way for self-governance of the Internet of Things, which can help devices in the Internet of Things understand each other and understand the correlation between different devices, thereby realizing the distribution of the Internet of Things. type control.
(3), Blockchain + Medical
Ensure the safe sharing of medical data. Using blockchain technology to mathematically encrypt medical data can effectively prevent risks such as malicious modification of medical data. The medical data sharing and exchange system developed using blockchain technology uploads encrypted medical data, allowing data to be shared and circulated quickly, efficiently and securely between patients and medical institutions, effectively simplifying the management of medical data. Call process to provide data guarantee for accurate diagnosis of illness.
(4) Blockchain + Real Estate
There are many potential application scenarios of blockchain in the real estate industry. Common ones include: Real estate transactions. Pain points in the process of buying and selling property include: lack of transparency during and after the transaction, reams of paperwork, potential for fraud, errors in public records, and that’s just to name a few. Blockchain provides a way to achieve the need for paperless and fast transactions. In addition, real estate blockchain applications can help record, trace and transfer title deeds, deeds, liens, etc., and also provide a platform for financial companies, title companies and mortgage companies. Blockchain technology strives to securely preserve files while enhancing transparency and reducing costs. In addition, blockchain is also applied in the field of construction engineering, and many companies are applying this technology in the current urban renewal boom. For example, Shenzhen's Lanfang Chain has proposed a package of solutions including blockchain + urban renewal/construction engineering/real estate development based on blockchain, which comprehensively serves many fields in the real estate industry. Currently, its official website and mobile applications are online.
In addition, blockchain has already had many applications in supply chain finance, stock trading, banking, etc., so I won’t go into details here.
As one of the important contents of my country’s 14th Five-Year Plan, officials have already proposed to accelerate the promotion of blockchain Technological and industrial innovation and development, and actively promote the integrated development of blockchain and economy and society.
The key to achieving the above two developments lies in the following two points:
1. Breakthrough in the core technology of blockchain technology.
BlockChain technology is currently the technology with the smallest gap between my country and Europe and the United States. Officials particularly emphasize that in this emerging field, our country must be at the forefront of theory, occupy the commanding heights of innovation, and gain new industrial advantages. It is necessary to promote collaborative research, accelerate breakthroughs in core technologies, and provide safe and controllable technical support for the development of blockchain applications.
At present, most of the blockchain technology is still in the conceptual hype stage, and many business scenarios use blockchain purely for the sake of blockchain. So far, no one in our country has been able to solve core technical dilemmas such as the ternary paradox on a global scale. Therefore, we must return to basic theories and core technologies and achieve major breakthroughs through long-term and concentrated research.
In fact, the official has put forward very high requirements for the theoretical technology and subsequent application development of blockchain technology. Do a good job in basic theoretical research on blockchain, Focusing on conquering a number of key core technologies and truly shouldering the burden of technology research and development is the key to the current development of blockchain.
2. Enhance international voice and rule-making power.
Different from previous information technologies, blockchain technology is highly scalable, or aggressive. Its rules or right to speak determine its scope of influence, because every business on the chain is Individuals or institutions must obey the rules set by the blockchain, whether at home or abroad. For example, everyone must obey the rules of Windows when using the Windows system, but Windows only stipulates the rules for information interaction for users, which is acceptable to us, while the blockchain stipulates industry governance rules. With its distributed characteristics, the governance rules of the blockchain can quickly transcend national borders and geographical restrictions.
In order to achieve the above two points, we must strengthen the construction of the talent team, establish and improve the talent training system, create various forms of high-level talent training platforms, and cultivate a A group of leading figures and a high-level innovation team.
Blockchain, as an architectural innovation technology, has a huge demand for comprehensive talents, requiring practitioners to master a variety of professional and technical knowledge involving cryptography, information science, basic mathematics, etc. To develop blockchain, we must strengthen the construction of a talent team with deep cross-integration of disciplines, and establish a talent cultivation system in a forward-looking and systematic manner from the aspects of basic research, applied research and development, and industrial integration.
Blockchain technology is an important part of the future digital economy and has rich advantages for all walks of life. Although we have entered the 3.0 era, the vertical application of blockchain in various industries has just begun.
What do you think of the future of blockchain?
III The development history of blockchain applicationsWhat is the process?
The development process of blockchain can be divided into three stages. Melanie Swann, founder of the Blockchain Science Institute, in her book "Blockchain: A New Economic Blueprint and Introduction", divides the application development of blockchain into three stages: Blockchain Chains 1.0, 2.0 and 3.0.
1. Blockchain 1.0 Cryptocurrency Era (2008-2013)
In 2008, Satoshi Nakamoto first proposed the concepts of Bitcoin and blockchain. In January 2009, the first blockchain was launched. At this stage, people are paying more attention to cryptocurrency transactions, and blockchain is only the underlying technology, acting as a "public ledger".
2. Blockchain 2.0 Smart Contract Era (2014-2017)
In 2014, "Blockchain 2.0" became synonymous with decentralized blockchain databases. At this stage, people mainly focus on the application of the platform. Anyone can upload and execute smart contracts on the blockchain, and will automatically receive rewards after execution. Since this transaction process does not require any intermediary, people's privacy is greatly protected.
3. Blockchain 3.0 Large-Scale Application Era (2018-)
At this stage, people began to build a completely decentralized data network. Blockchain technology Applications are no longer limited to the economic field, but have expanded to art, law, real estate, hospitals, human resources and other fields.
IV How will blockchain define the era we are currently living in?
There will be no lengthy technical science popularization today.
In one sentence, if Internet technology solves communication problems, blockchain technology solves trust problems.
This trust mechanism allows everything to run automatically through preset procedures. In the process without intermediary participation, the efficient and transparent transaction method reduces security costs and improves data security. This strict The algorithm further ensures the authenticity, accuracy, transparency, traceability and non-tamperability of the data.
The core significance of blockchain for today's era is that for the first time, humans have built trust relationships on the basis of technology. The advantages of speed, efficiency, low cost, transparency, and relative fairness have also been applied to various industries. field, amplifying its advantages.
Tencent, Alibaba, Internet, IBM, Intel, Microsoft and other well-known companies have joined the blockchain. Google’s blockchain investment roadmap is mainly aimed at banks and financial institutions, hoping that they can use their own solutions to Optimize large-scale commercial projects; on January 5, Facebook founder Mark Zuckerberg announced that his 2018 personal annual challenge plan is to use "encryption technology and encrypted digitalCurrency” transformation platform, applying decentralized technology to Facebook services.
In the past two years, Microsoft has cooperated with well-known blockchain projects (such as Ethereum, R3, Xiaoyi, etc.) to vigorously develop its blockchain Business; IBM is one of the first large companies to adopt blockchain. A report by WinterGreen Research pointed out that IBM has occupied 32% of the blockchain products and services market with a total scale of more than 700 million US dollars; including the entire Greenland Group MOVA, which imports and controls disks, applies blockchain technology to price control. These all reflect the revolutionary changes that blockchain has brought to today's era, and there are endless possibilities.
IV Blockchain Encyclopedia : The past and present life of blockchain - the 3.0 era
The representative of the blockchain 1.0 era is Bitcoin, the representative of the 2.0 era is Ethereum, and the troubled times of various copycats and air coins. And the district Blockchain 3.0 is the era of consumer-level blockchain that has truly entered commercial applications and physical applications after the troubled times. The typical symbol is the emergence of tokens. Tokens have brought about changes in traditional business models and production relations. The certificate has moved from the digital world to the real economy, and has begun to seek practical applications in various industries.
The certificate has three elements, one of which is indispensable.
Pass: The certificate can be used in a network Medium to large-scale circulation, and can be verified anytime and anywhere; Certificate: As a digital proof of rights and interests, the certificate must be a certificate of rights and interests in digital form, and it must represent a right, an inherent and intrinsic value; Value: Tokens must have economic value.
In this way, the meaning of "token economy" is not difficult to understand. Token economy is a large-scale group collaboration based on tokens, which will Maximize the role of certificates, so that every role that creates value can share value fairly, fully mobilize participation motivation, and form a self-organizing form.
Major changes in the blockchain 3.0 era
The token economy has laid the theoretical basis and technical support for the large-scale application of blockchain, and the future world will also change on a large scale, including:
1. Fragmented investment, Fragmented income subverts the traditional way of doing business on the Internet. In the traditional Internet era, it is impossible for ordinary people to participate in the investment of a company, and the emergence of blockchain allows ordinary people to do business with a large asset. Fragmented investment. Assuming that Alibaba used blockchain for fragmented investment, then all the fragmented shareholders who invested in Alibaba would be able to reap a return on investment that has increased thousands of times today!
2. Break the money-burning model of the Internet and make everyone a winner. The traditional free model of the Internet is essentially to obtain a large number of users through free products to form monopolies and barriers, and then build on this basisMake money through advertising and value-added services. In the blockchain 3.0 era, project income is redistributed by issuing tokens to attract more early investors and community users. As the number of users holding tokens increases, the value of the tokens will become higher and higher, and community users, investors, and projects can all benefit from it. In this way, the money-burning model of providing free services in the early days of the traditional Internet can also be improved, and everyone will become a winner.
3. Breaking down the traditional corporate organizational hierarchy, self-organization may become a future trend. In the blockchain 3.0 era, through the establishment of distribution and collaboration mechanisms through smart contracts, it can be more efficient and accurate than enterprises. All token owners will naturally form a community. Everyone has the same goal - "to promote the development of the project and make it a success". They are all members of the community, contribute to the community, promote the value-added of the token, and thus gain benefits together. profit. From a philosophical perspective, this new self-organizing community of freedom, independence, and equality must be the future trend. Gojoy blockchain e-commerce is a blockchain self-organized community. Every consumer is a token owner and a fragmented investor, so he is very happy to co-create and build Gojoy value.
Therefore, we can look forward to the era of great development of the blockchain 3.0 token economy, and the existing ones may be subverted. What we need to be prepared for is to work hard to embrace the blockchain. If you want to seize the trend of blockchain and understand how to transform into blockchain, please leave a message to communicate and we will take you to learn the blockchain professional certification course.
VI What is the development trend of blockchain?
Major companies in the industry: Ping An of China (601318), Donggang Co., Ltd. (002117), Information Development (300469), Yuangguang Software (002063), Bosi Software (300525), Feitian Integrity (300386), Sifang Jingchuang (300468), Industrial and Commercial Bank of China (601398), SF Holding (002352)
The core data of this article: China’s blockchain market size, China region Number of blockchain tenders and number of blockchain companies in China
Industry overview
1. Definition
In a narrow sense, blockchain is a chronological A chained data structure that combines data blocks in a sequential manner 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 data transmission and access. It is a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data securely.
Blockchain is not a single technology, but a combination of new technologies. Each of these technologies performs its own role, solves different problems, and is combined to form a blockchain. As the basic structural unit of blockchain, block is composed ofIt consists of two parts: the block header and the block body containing transaction data.
2. Industry chain analysis: the downstream industry covers a wide range of areas
The upstream of the blockchain industry chain is mainly the underlying technology and infrastructure. The underlying technology includes core basic components, protocols and algorithms. Represented by Bitcoin, Litecoin, and Ethereum, a network environment such as distributed algorithms, digital keys, data storage, P2P network protocols, and consensus mechanisms based on blockchain technology, transaction rules, and incentives for miners to join network nodes have been built. Mechanism, representative companies include Xiaoyi, Quantum Chain, Wanxiang Blockchain, etc.; the infrastructure is mainly mining machines.
The midstream is the platform layer, which mainly provides developers with applications based on blockchain technology. It provides productized services such as smart contracts, information security, and data services based on the underlying technology to improve development It provides convenience and scalability for developers to develop applications at the platform layer.
Downstream is the vertical industry application layer. It manifests itself as core application components, including smart contracts, programmable assets, incentive mechanisms, member management, etc.
Industry development history: We are in the era of blockchain 3.0
From the perspective of the development history of global blockchain, in 2008, an anonymous person signed by "Satoshi Nakamoto" published The paper "Bitcoin: Peer-to-Peer Network Electronic Cash System" originally expected to launch a peer-to-peer electronic cash that could circulate freely. The issuance of Bitcoin represented the beginning of blockchain technology; later, in 2013, the launch of Ethereum directly Pushing the blockchain into the 2.0 era; at the end of 2017, the popularity of stablecoins and the launch of MakerDAO pushed the blockchain into the 3.0 era. By June 2019, Facebook released the Libra white paper, which attracted attention and discussion from all walks of life around the world, and various countries regulated Departments have spoken out one after another, showing the huge potential of blockchain technology in reshaping global financial infrastructure. After entering 2021, NFT-based identification technology has emerged and is the first to be applied in the art field.
Industry policy background: Promote the all-round development of blockchain
In 2016, the State Council issued the "Thirteenth Five-Year Plan for National Informatization", which listed blockchain as a new technology for the first time The scope and cutting-edge layout indicate that my country has begun to promote the development of blockchain technology and applications. Since then, various localities in the country have successively introduced blockchain-related policies, providing a good environment for the development of blockchain.
In February 2019, the "Blockchain Information Service Management Regulations" issued by the State Internet Information Office were officially implemented, standardizing the filing basis for the development of my country's blockchain industry. The purpose of promulgating the "Regulations" is to clarify the information security management responsibilities of blockchain information service providers, standardize and promote the healthy development of blockchain technology and related services, avoid blockchain information service security risks, and facilitate the provision of blockchain information services. , use, management, etc. to provide effective legal basis. The introduction of this "management regulations" also means that my country's "supervision era" for blockchain information services has officially arrived.
20At the end of October 2019, the Political Bureau of the CPC Central Committee held its 18th collective study session on the development status and trends of blockchain technology. Central leaders clearly emphasized that blockchain should be an important breakthrough for independent innovation of core technologies and accelerate the promotion of blockchain technology. and industrial innovation and development. This fully demonstrates that blockchain technology has risen to a national level. Chen Chun, a professor at Zhejiang University and an academician of the Chinese Academy of Engineering, who gave a lecture on the collective study of the Political Bureau of the CPC Central Committee, said at the 2019CCF Blockchain Technology Conference hosted by the Computer Society of China on October 12 that the development of the domestic blockchain industry is ushering in " "Spring Breeze", the research hotspots of China's blockchain technology will focus on two aspects: the key technology of the alliance blockchain and the blockchain supervision technology.
Current development of the industry
1. The market size will grow by more than 90% in 2020
From 2016 to 2018, large IT Internet companies have deployed blockchain. Start-ups have entered a blowout mode, and the industry scale continues to expand. According to IDC 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.
2. The number of related companies is growing rapidly
In terms of the number of companies, in 2020H1, my country provided blockchain professional technical support, products, solutions and other services, and had input or output The number of new blockchain companies reached 303, a year-on-year increase of 274.07% nationwide. As of the end of 2020, the number of blockchain-related companies in my country reached 64,062, a year-on-year increase of 52.88%.
3. Blockchain finance is the largest downstream application market
According to the disclosure of the "China Blockchain Development White Paper (2020)", as the implementation of blockchain applications accelerates, "Blockchain+" business has become the focus of development for Internet backbone enterprises to enter the blockchain industry. In addition to financial business, it actively deploys the Internet, traceability, supply chain & logistics, digital assets, government affairs and public services, intellectual property, and law. , medical and other fields of application. Among them, finance is the most explored field in the application scenarios of blockchain technology, with specific projects implemented in subdivided fields such as supply chain finance, trade finance, payment and settlement, and fund management.
4. The number of blockchain tenders is increasing year by year
From a year perspective, from 2016 to 2020, the number of government tenders for blockchain-related projects has been growing exponentially. , on the one hand, it benefits from the increasingly prominent application value of blockchain technology, and on the other hand, it also reflects the government’s increased demand for and emphasis on blockchain.
Industry competition status
1. Regional competition: Beijing and Guangdong have the most blockchain technology research and development-related companies
In terms of company distribution, as of the first half of 2021 , the distribution of enterprises is obviously tiered. Among them, Beijing and Guangdong rank in the first echelon with 348 and 341 blockchain development-related companies respectively, and the number of companies in Jiangsu, Shanghai, and Zhejiang respectively reaches164, 127, 81.
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. Combined with the positioning and development of the industrial park, it is based on the premise of serving enterprises to create a blockchain innovation platform and industrial highland. This positioning also provides the basis for the aggregation effect of enterprises.
2. Enterprise competition: Alibaba’s blockchain is the strongest
In March 2021, at the China Mobile Communications Federation Blockchain Professional Committee and the China Science and Technology System Reform Research Association Under the guidance of the Digital Economy Development Research Group and the Organizing Committee of China's Top 100 Blockchain Enterprises List, Chain Tower Think Tank screened and evaluated thousands of projects and enterprise lists, and finally released the 2020 China's Top 100 Blockchain Enterprises List.
In the context of the outbreak of the epidemic in 2020, the 2020 Blockchain Top 100 List has adjusted the dimensions of enterprise inspection to a certain extent to highlight the performance of outstanding blockchain companies in 2020. It is divided into five main dimensions, namely commercial operation weight accounting for 25%, technology research and development weight accounting for 20%, product application weight accounting for 30%, team composition weight accounting for 15% and marketing promotion accounting for 10%.
Industry development prospects and trend predictions
1. It is still in the introduction period
Currently, my country’s blockchain industry is in the introduction period, and the industry is showing Two main characteristics: First, large industry companies are actively applying blockchain technology to improve their own businesses, but they are still mainly trying, and the main application scenarios are also non-core businesses in the industry. For example, enterprises such as Ping An of China, China UnionPay, and Ant Financial are limited to non-core businesses in their exploration of blockchain applications; secondly, the business development of enterprises focusing on blockchain technology services is mostly in the initial stage, and their product technology systems and The business model is not mature enough, and the demand side’s understanding of blockchain needs to be improved. Blockchain has already formed some application cases in scenarios such as judicial certificate storage, government affairs management, people's livelihood services, food traceability, supply chain management, etc., but it still needs to be further optimized and improved.
The above data refers to the "China Blockchain Industry Market Foresight and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
Ⅶ What should the phenomenon and application of blockchain look like
1. The revolution of blockchain
Until the 7th year after the emergence of Bitcoin , its underlying core technology blockchain has only begun to become known to people. With the wealth effect caused by Bitcoin’s multi-million-fold increase, blockchain is becoming more and more popular. Its value is widely recognized and it is generally regarded as leading the fourth industryThe core technology of the revolution.
In 2018, Xu Xiaoping, a well-known angel investor, raised his arms and shouted: "The blockchain revolution has arrived! We must embrace this revolution!" With one stone, it caused thousands of waves, and soon the official blockchain learning book was launched online , official media interpreted that a wave of entrepreneurship and recruitment are coming one after another. In 2019, blockchain was officially designated as “an important breakthrough for independent innovation in core technologies.”
Under this situation, blockchain has become an out-and-out "new trend", and blockchain application has become a keyword. It has significant advantages in optimizing business processes and building trustworthy systems. How can we use these advantages of blockchain technology to empower the real economy?
Not only blockchain project parties are trying, but also Chinese Internet giants represented by BAT, financial systems and mobile operators represented by China Merchants Bank, Bank of China, and Ping An Insurance, etc. They are all actively carrying out "blockchain+", and it is also in full swing overseas. Facebook, Goldman Sachs, JPMorgan Chase, etc. are all actively promoting it.
2. Blockchain+
On August 10, 2018, Tencent issued the first blockchain electronic invoice. As of July 3, 2020, invoices were issued Volume reaches 25 million. Blockchain electronic invoices have the advantages of simple invoicing, on-demand supply, low cost, high efficiency, and anti-counterfeiting. Tencent Blockchain quickly occupied the market with first-mover advantages in blockchain + government affairs and blockchain + taxation.
Ant Financial, owned by Alibaba, began to deploy blockchain as early as 2015. So far, Ant Blockchain has open alliance chain, BaaS platform and other products covering dozens of application scenarios. It has reached on-chain cooperation with many well-known global companies such as Intel, Jingdezhen Porcelain, and Bayer. The Internet also entered the blockchain very early and launched blockchain games, blockchain certificate storage and other services. Currently, the number of certificates stored on the chain has exceeded 100 million.
In 2019, the scale of China's blockchain industry alone reached 1.2 billion yuan. Data from the research institution Research and Markets shows that the output value of blockchain technology in the telecommunications field will surge from 4.66 million US dollars in 2018 to 2023. 993.8 billion US dollars in the year. Against this background, 2020 will usher in multiple policy benefits.
1. Officials have included blockchain into the scope of new infrastructure and new technology infrastructure;
2. Hunan released the "Three-Year Action Plan for the Development of the Blockchain Industry in Hunan Province" ( 2020-2022)";
3. Guangzhou launched the "Implementation Opinions of Guangzhou on Promoting the Innovation and Development of the Blockchain Industry (2020-2022)";
4. Beijing issued the "Beijing Blockchain Innovation Development Action Plan (2020-2022)";
5. Jiangxi launched a blockchain service hall;
6. Wuhan held a special event for the transformation of blockchain technology and scientific and technological achievements;
7. Chongqing Smart Expo Area The Blockchain Application Innovation Competition plans to invest a huge amount of 50 million yuan as investment incentives.
However, although the implementation of blockchain in financial, government affairs, public welfare, games, agriculture, manufacturing, medical care, copyright and other physical fields has achieved remarkable results, it has also played an active role in fighting the new crown epidemic. role.
However, due to the influence of the general environment, more funds, resources, and attention have been attracted to the direction of blockchain empowering the real economy, but the core native applications of blockchain have been ignored.
3. Blockchain native applications
The Internet has opened an era of information explosion, and blockchain will bring a future where value flows freely. In today's global economic and financial system, affected by many factors such as ideology, cultural systems, business models, and technological levels, the cost of value transfer is high and the efficiency is low, especially in cross-border payment scenarios.
In the future blockchain era, value transfer will be like information transfer: global, instant, free, and equally enjoyed by everyone. All offline assets such as stocks, securities, identities, and real estate can be freely converted on the chain.
Moreover, the impact of blockchain technology has far exceeded the technical category itself. It is also an idea. The soul of blockchain lies in consensus. In the era of blockchain, truly powerful vitality will be born in community consensus and application implementation, and community and consensus will become the main body and soul of the industry.
In a community with consensus, individual energy and value will be fully stimulated, offsetting the fission effect of traditional centralization, breaking the original solid underlying structure, and reshaping new business and social values.
Therefore, blockchain native applications should be based on community and consensus, give individuals a path to realize their value, and be able to maximize the application ecosystem that stimulates individual energy and creativity, ultimately breaking monopoly and forming Decentralized free value exchange network.
Individual energy and value are multi-dimensional and highly subjective. These blockchain model designs obviously cannot fully stimulate individual energy, and are even far from it.
Native applications that truly conform to the spirit of blockchain should be grand and comprehensive in application model design, taking into account all online and offline value-creating behaviors of individuals for personalized use by individuals. , each individual’s areas of expertise are different.
Borrowing from the Pareto optimal solution theory, only when the energy of each individual is maximized can the whole have the maximum energy, and only then can the original centralized business model be broken and a global individual be formed.A point-to-point value transmission network that flows freely between entities, builds a new decentralized business infrastructure, changes the value creation and delivery model, and reshapes the values of the entire society.
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Ⅷ What is the landmark project that blockchain development has entered into the 2.0 era
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The iconic project that blockchain development has entered into the 2.0 era is Ethereum.
The biggest difference between Blockchain 2.0 and Blockchain 1.0 is that smart contracts are added to the digital currency, and other application development can be done on this basis. Blockchain 2, 0 represents Ethereum. In blockchain 2 and 0, Ethereum is equivalent to a basic chain and a bottom-level construction.
Ethereum’s plan is to build a global, large-scale collaboration network so that anyone can perform calculations and develop application layers on Ethereum. This gives the blockchain many application scenarios and functions. Base.
Ⅸ The future development prospects of blockchain
1. Blockchain has become the forefront of global technological development and opened up a new track for international competition. Blockchain will become a new key infrastructure to further accelerate the development of the digital economy, lead a new round of global technological change and industrial change, and become the "source" of technological innovation and model innovation. The world's major developed countries will further pay attention to blockchain technology, intensively introduce relevant policy plans, increase industrial support and guidance, and enhance the competitiveness of their country's blockchain technology and industry.
2. The digital currency bubble gradually cools down. With the spread and popularization of the concept of blockchain technology, more and more people will realize that Bitcoin is not the same as blockchain, and various air coins will be gradually eliminated. Blockchain technology innovation will return to a more rational track. Technical features such as decentralization, multi-party collaboration, and anti-calculation tampering will be highly valued by relevant industries. Some industries with strong innovation capabilities will continue to emerge with blockchain applications that have been transformed based on industry characteristics.
Ⅹ The History of the Birth of Blockchain
Many people will be instinctively intimidated when they hear the three words "blockchain", thinking that it is unpredictable content or A technology has nothing to do with me.
2018 is the first year of blockchain technology. In the past Spring Festival, blockchain has become really popular. The "three o'clock sleepless zone" of the first blockchain community "Blockchain", articles from major media "How to introduce blockchain to seven aunts and eight aunts", novices from all walks of life are ready to enter the currency circle and try their best, etc.
We know that the Internet has connected the world over the course of decades. People don’t talk about whether the world is flat, because as long as you have a computer or a mobile phone, you are closely connected to the entire world. Elites are accustomed to calling the past Internet era the information Internet era.
With the advent of blockchain technology in 2008, mankind was caught off guard and pulled into the Bitcoin world.world, in the future no matter whether you understand what blockchain technology is? Do you understand how digital virtual currency is implemented? They have all been coerced into the second era of the Internet: the era of value Internet. What you don’t know is how blockchain technology was born?
David Chaum, the "bishop" figure of cypherpunk in the 1980s and 1990s, invented the cryptographic anonymous cash system Ecash in 1990. Chaum believes that a distributed, truly digital cash system should encrypt people’s privacy.
British cryptographer Adam Baker invented Hashcash in 1997, which used the Proof of Work system. The proof-of-work system is one of the core concepts of Bitcoin.
In 1997, Harper and Stonitta proposed a protocol that uses timestamps to ensure the security of digital files. This protocol has also become one of the prototypes of the Bitcoin blockchain protocol. The biggest feature of timestamps is that when a virtual currency is traded, it is timestamped and it cannot be changed.
Cryptozoology expert Dai Wei invented B-money in 1998. B-money emphasizes point-to-point transactions and immutable transaction records, and every trader in the network keeps track of transactions.
In 2004, Hal Finney, a top developer at PGP Crypto Company, launched the electronic currency "Crypto Cash", which used a reusable proof-of-work mechanism (RPOW).
But their single invention and idea are still not enough to become a world-class virtual currency. Ecash declared bankruptcy in 1998; the proof-of-work system cannot guarantee whether digital currencies have been traded many times; the technical protocol of timestamps is only used on a small scale by the government; in the B.money system, David did not solve the problem of ledger synchronization; finally Halfini's idea is still not enough to become a world-class virtual currency.
In 2008, when all technical conditions were mature and time conditions were mature, a god-level figure was still needed to answer a question: why did the previous virtual currency pioneers fail? The name of the person who answered this question is Satoshi Nakamoto.
He believes that the most important reason for the failure of previous virtual currencies is that they all have a centralized structure, and all transaction data will be aggregated into the company's data center, which is no different from government-issued currencies. Once the company that backs the virtual currency goes bankrupt, or the central server of the general ledger is compromised by hackers, the virtual currency will face the risk of collapse. Satoshi Nakamoto optimized David Chaum's Ecash, integrating timestamps, proof-of-work mechanisms, asymmetric encryption technology, and the structure of UTSO, and finally invented Bitcoin.
It can be seen that blockchain is not a single technology, it is a collection of a series of above-mentioned technologies. Bitcoin is just a typical example of the first large-scale application of blockchain technology. In the future, blockchain technology can be applied to many fields such as financial services and social life.
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