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A. Bitcherry BCHC proposed "Blockchain 4.0" to promote the application practice of blockchain and e-commerce industry

With the continuous development of blockchain technology, it seems that many The industry wants to have something to do with the blockchain, and there is a popular saying in the world: "Those who get the blockchain will win the world." So is this blockchain really as amazing as everyone says? How will blockchain finally be implemented? Today, let’s first talk to you about the application practice of blockchain in the field of “e-commerce”.

First, let’s briefly review what is e-commerce? E-commerce was born in the 1990s. It is a business activity that uses information network technology as a means and commodity exchange as the center and side. We call e-commerce "EC" for short. Many people think it is the ultimate major commercial use of the Internet, so they call it an epoch-making symbol.

According to data from US market research company Forrester, by the end of 2018, China’s e-commerce market is expected to reach US$1.1 trillion, becoming the world’s first trillion-dollar e-commerce market. The report points out that by 2022, China's e-commerce market will reach US$1.8 trillion, far exceeding the United States and Japan.

With the expansion of e-commerce, it has also greatly promoted the development of logistics, customer service and other industries. But at the same time, it has also brought about many problems. According to big data from the e-commerce consumer dispute mediation platform, the number of complaint cases accepted in the first half of 2018 increased by 66.93% year-on-year, and the growth rate was much higher than in previous years.

In order to solve the pain points of e-commerce in aspects such as counterfeit goods, logistics, integrity, and supervision, major companies and platforms are also showing off their skills and tricks. The most eye-catching one is our protagonist: blockchain. So how does it solve these problems?

First, supervise the production process of goods.

Second, trace and track the transportation of goods.

Third, guarantee product sales and after-sales service.

Fourth, protect user privacy.

The distributed e-commerce platform Bitcherry BCHC solves the platform trust crisis

Bitcherry BCHC is the world’s first distributed e-commerce platform. It is based on blockchain technology and is committed to To create a super ecology covering all aspects of clothing, food, housing and transportation. In the community ecology, all participants, such as users, merchants, super nodes, operating nodes, etc., use the token system for everyone's participation and economic sharing to open up the online and offline O2O e-commerce system, making the entire ecology healthy and autonomous. , develop healthily.

It is understood that distributed e-commerceThe network has multiple payment methods, distributed sharing mechanisms, behavioral token incentives, distributed open platforms, multi-industry and multi-community access, global operating nodes, decentralized distributed business organizations, community self-propagation and Ripples and other features.

At present, consumer information is leaked, everyone has become a "digital labor", merchant profits are reduced, customer acquisition costs are increasing day by day, supply chain supervision is lacking, and product quality problems occur repeatedly, which is the problem for most centralized e-commerce companies. main pain points. Different from the centralized model of traditional e-commerce platforms, the underlying technology of distributed e-commerce platforms is a distributed accounting method that allows transaction data, dissemination, purchase, circulation and other behavioral data to be uploaded to the chain, making it open, transparent and non-tamperable. In distributed e-commerce based on blockchain technology, industry issues such as product traceability, logistics supervision, user evaluation and community incentives are all well-founded and well-founded. It returns data, traffic and value to the parties involved in the transaction, effectively solving the various shortcomings of centralized platforms.

To promote the implementation of blockchain in actual business scenarios, Bitcherry BCHC proposed "Blockchain 4.0"

According to the reporter's investigation, Bitcherry BCHC will adopt a two-stage implementation of "Blockchain 4.0" 4.0” target. Providing a public chain with high TPS and compatible with Ethereum smart contracts is the first phase of Bitcherry BCHC's measures to ensure the safe and efficient circulation of digital assets in the e-commerce ecosystem. In the second phase, Bitcherry BCHC will provide a large public chain environment that supports the e-commerce ecology - an e-commerce vertical blockchain network platform, allowing e-commerce operators to quickly realize digital operation transformation in the digital economy era and realize mutual cooperation in the e-commerce ecology. diversion. In addition, the reporter learned that the large public chain environment will also provide a governance structure, including a smart contract-based complaint mechanism, reputation scoring, arbitration mechanism, etc., to prevent fraud and damage to the interests of consumers and digital asset investors, and ensure the e-commerce ecosystem compliance and healthy development.

In terms of technology, the Bitcherry BCHC public chain will combine blockchain and DAG technology to provide a chain network system, and the main chain will provide guarantee for the security of the entire system. Use signature algorithms, distributed storage, data operations, consensus mechanisms, message diffusion and other technologies to optimize the distributed e-commerce network architecture, and use a decentralized and non-tamperable structure to allow all participating entities in the Bitcherry BCHC ecosystem to establish a trust mechanism to achieve Second-level fast transaction verification by all parties is the main technical feature of the Bitcherry BCHC project.

B. What is blockchain e-commerce?

It is to use the advantages of blockchain technology to serve the actual transaction scenarios of consumer shopping and help consumers realize their dreams of value-added shopping. The blockchain system model first passes through the blockchain mall platform, leveraging the leading trend of blockchain technology to help physical enterprises quickly increase product sales, and at the same timeIt also allows consumers to get the most benefits when shopping.

C. What are the public blockchain chains?

Blockchains include public blockchains, joint (industry) blockchains, and private blockchains. Public chain peer-to-peer electronic cash system: Bitcoin, smart contracts and decentralized application platform: Ethereum.

Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of cryptographic methods related to each other. Each data block generated contains a batch of Bitcoin network transaction information, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.

(3) Extended reading on blockchain e-commerce public chain< /p>

According to the different degrees of centralization of the blockchain network, there are three types of blockchains in different application scenarios:

1. Blocks that are open to the entire network and have no user authorization mechanism The chain is called a public chain;

2. Authorized nodes are allowed to join the network and can view information according to their permissions. It is often used in inter-organizational blockchains, called alliance chains or industry chains;< /p>

3. All nodes in the network are in the hands of an organization, which is called a private chain.

Consortium chains and private chains are also collectively called permissioned chains, and public chains are called non-permissioned chains.

Blockchain Characteristics

1. Decentralization. Blockchain technology does not rely on additional third-party management agencies or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes self-verification, transmission and management of information through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain.

2. Openness. The foundation of blockchain technology is open source. In addition to the private information of the transaction parties being encrypted, the data of the blockchain is open to everyone. Anyone can query the blockchain data and develop related applications through the public interface. Therefore, the entire System information is highly transparent.

3. Independence. Based on consensus specifications and protocols (similar to various mathematical algorithms such as the hash algorithm used by Bitcoin), the entire blockchain system does not rely on other third parties. All nodes can automatically and securely verify and exchange data within the system without the need for any human intervention.

4. Security. As long as you cannot control 51% of all data nodes, you cannot manipulate and modify network data at will. This makes the blockchain itself relatively safe and avoids subjective and artificial data changes.

5. Anonymity. Unless required by legal regulations, technically speaking, the identity information of each block node does not need to be disclosed or verified, and information transfer can be carried out anonymously.

D. Blockchain e-commerce, a better choice

01 Blockchain e-commerce, a better choice

Your destiny is in your own hands. Either you control life, or life controls you. Your mentality determines whether you are a mount or a rider.

In 2019, Alibaba CEO Zhang Yong said at the Alibaba One Business Conference on January 11: "After 20 years of development, Alibaba has formed the world's largest consumer platform. There are more than 600 million active consumers every year on platforms including Taobao and Tmall; this platform started with physical goods. Moreover, now this platform has begun to form two other important sectors. One sector is, Digital goods and cultural entertainment products include companies such as Youku, Alibaba Pictures and Weibo within Alibaba’s system; the other sector is local life services, including Ele.me, Fliggy, Taopiaopiao, etc. within Alibaba’s system. Physical e-commerce, digital and entertainment goods, and local life services, these are Alibaba's three major areas of consumption..."

It can be seen that the development of today's e-commerce has reached an extreme era - — has changed our shopping methods and lives, bringing great convenience but also bringing many pain points: The first is for e-commerce itself: supply chain management, information asymmetry caused by centralization, etc.; the second is For the majority of users: data privacy and security, difficulty in distinguishing product authenticity, etc.

The increasing maturity of blockchain technology has allowed features such as distributed storage, point-to-point transmission, and consensus mechanisms to provide a feasible way to solve these pain points.

Imagine using blockchain technology combined with the characteristics of e-commerce to further improve and open up the three key streams in e-commerce: cash flow, information flow, and logistics, optimizing the upstream and downstream relationships in the industry chain, and even broadening More participants, turning linear cooperation into online cooperation, will make writing between all participants more trustworthy, efficient, and low-cost.

For example:

We can imagine the innovation brought about by a "blockchain + e-commerce" project, so that almost all participants have the opportunity to benefit from it. Benefit based on trust. For example, a project team is selling a new brand of sterling silver jewelry. Although they clearly know that many Taobao silver jewelry merchants pass it off as substandard (using other cheap metals pretending to be mixed with silver) due to the low illegal cost, the price is cheap and the sales have been good. However, On the one hand, it has caused harm to consumers (long-term wearing of non-silver metals may be harmful to the human body), consumers cannot trace it back, and the cost of rights protection is too high; on the other hand, it has destroyed the healthy competition in the silver jewelry industry... If the silver jewelry industry relies on Zhongdao's publicity It is possible for chain technology to create DAPPs similar to luxury goods to change this situation:

First, just call the relevant API interface to configure the function, which is simple and easy to get started;
< br /> Secondly, merchants use blockchain technology toSilver jewelry can be traced back to the chain, and the entire process of production (raw material silver), processing, and consumption can be tracked and monitored to achieve full traceability from production to circulation. This will enable regulatory traceability and better prevent the occurrence of counterfeit and shoddy silver jewelry and behaviors that harm consumers;

Thirdly, users, in the trusted environment created by the blockchain, can obtain Credible merchant information (transparent), purchase information (evaluation), trade information, logistics information, and receipt information (forming a complete real and non-tamperable supply chain network through the platform) are equivalent to increasing effective identification capabilities; and merchants are illegal The cost will become very high due to "on-chain";

At the same time, the privacy data of users participating in the purchase can be effectively protected, effectively reducing the risk of personal data being stolen; it can also allow the value of data to truly return to users hands, allowing consumers to have more confidence and trust in the platform;

In addition, merchants, users and other ecological participants can participate in the governance of the silver jewelry industry platform (DAPP) and obtain token incentives and Reduction of advertising costs, reduction or even exemption of store transaction commissions (you can also use the points system set up by the Zhongdao Cultural and Creative Public Chain). Through the "token economy", more diverse and richer traffic channels and more effective brand strategies can be obtained, which makes it easier for merchants to establish their own distribution channels and purchase channels, so everyone is happy.

The development of e-commerce has affected everyone, and it is a people's livelihood economy with wide coverage. Using the token economy to empower e-commerce will directly affect a huge consumer group. It is a major event that can truly empower the real industry and is a good thing that benefits the country and the people.

The third wave of blockchain e-commerce wealth is coming, are you ready?

E. Is there any reliable public chain in the blockchain industry?

Is there any reliable public chain in the blockchain industry?

In the blockchain industry, both practitioners and investors must be familiar with public chains. Whenever a new project is born in the industry, it must have something to do with the public chain. But in fact, looking at the entire blockchain industry, there are not many mature and stable public chains. Currently, there are three main system types in the blockchain industry: public blockchain, joint blockchain, and private blockchain.

Public blockchain is often referred to as a public chain in the industry. It means that any individual or group in the world can participate in the accounting and transaction process of the entire system, and at the same time, its transaction records can be effectively obtained by the system. Confirmed blockchain mainnet, in the industry, we usually call this publicly writable nature "open source". The public chain is the earliest and most widely used blockchain system in the industry.

United blockchain, also known as alliance chain, the alliance chain system is not open source, but multiple pre-selected nodes are designated as bookkeepers within a certain group, and each block is generated by allThe pre-selected nodes jointly decide that other nodes can participate in transactions but have no right to participate in the accounting process. It is essentially similar to the custody accounting in the financial industry and can be called a "semi-centralized" blockchain system. This system is more stable, but is not suitable for wide-scale popularization and application.

Private blockchain is a private chain. This kind of system is more closed. It simply uses the underlying technology of the blockchain for the accounting process. However, its network system is not open source, but the developers have exclusive writing rights. The developer here can be a company or an individual. Currently, many traditional financial industries want to try private chain development, but their application products are still being explored.

Among the above three system types, the public chain system is undoubtedly the one that attracts the most attention from the industry. Compared with the other two types, the public chain has the advantages of open source, decentralization, and wide ecological scenarios, and is also more conducive to global promotion and layout. However, due to various reasons such as technology, capital, and time, the industry’s public chain research situation is generally not optimistic.

The three most well-known public chains in the industry, the Bitcoin public chain, the Ethereum public chain, and the EOS public chain, all have different problems. The closed system of the Bitcoin public chain forms an island of value, which cannot be solved by a hard fork; the problems of Ethereum transaction congestion and excessive handling fees are always difficult to solve; and within EOS, due to insufficient ecological scale, it is difficult to support excellent ecological applications. At the same time, the CPU Problems such as skyrocketing and insufficient memory gradually emerged.

In short, in order to determine whether a public chain is reliable, you need to understand whether the operating logic of its public chain network itself is stable, whether its ecological structure capacity is sufficient, whether its community consensus is strong, and whether its applications Whether the scene has long-term hematopoietic function, etc. Of course, the blockchain industry is currently in the development and exploratory stage, and it will take time to prove a reliable and stable public chain.

F. Wonderful review｜Warm congratulations on the successful conclusion of the first assembly of Jiulingwei public chain nodes

The two-day and one-night high-end training conference of the first assembly of Jiulingwei public chain nodes was held in It will be held grandly at Foshan Venus Royal Hotel on September 3rd and 4th, 2020.

At the meeting, Mr. Lu Wei, Chairman of Jiuling Blockchain, made an opening speech. In his speech, he said that the market is changing, and opportunities contain new starting points and new journeys. When the number of Jiuling Wei Public Chain nodes exceeded the 1,000 mark, the rally call for the Wei Public Chain has been sounded. We will take this opportunity to build a higher level platform and bridge. Let everyone who participates in the Weigong Chain fully enjoy the first wave of dividends brought by new developments and breakthroughs in the field of blockchain e-commerce, and jointly enjoy new technologies and new achievements in the development and progress of blockchain in human society. Putting people first and maintaining justice in the world. Let’s work together to build a higher-level blockchain e-commerce ecosystem and create a new era of blockchain consumption, wealth creation and sharing.

This high-end training conference for the first assembly number of Weigong Chain nodes aims to improve the participating node guests’ understanding of blockchain technology and deepen their understanding of blockchain technology.Understanding of blockchain e-commerce. Together with Jiulingwei Public Chain, we actively promote the vigorous development of the blockchain e-commerce sharing economy and promote the continuous vitality and vitality of the social economy.

At the Jiuling Blockchain Chairman’s meeting, Lu Wei shared his personal life experience accumulated over the past decades and his insights into life. He mentioned that Jiuling Blockchain is his life and he loves this great cause. Form a community of life with the elite team of Jiuling Blockchain. At the same time, he shared with the participating node guests how to expand the market, and devoted high enthusiasm to the all-human cause of reconstructing a new business ecology and building a third-generation blockchain full ecology (public chain). Putting people first and maintaining justice in the world.

At the same time, many aspects of the meeting talked about how the Jiuling-dimensional public chain will change the old rules of e-commerce and reconstruct the new business ecology. At the same time, it was announced that the Wei Public Chain is about to reach a new high point, and a new mechanism has been formulated to give back to the node families, so that we can work together and move forward hand in hand to achieve the world of Jiuling Wei Public Chain with a firm pace.

At the first assembly meeting of Weigong Chain Nodes, many senior leaders including Mr. Lu Wei, Chairman of Jiuling Blockchain, took the stage to show the strong team of Jiuling Blockchain. We will continue to serve the nodes of Weigong Chain wholeheartedly and lead the participating nodes to achieve the world of Weigong Chain together.

Mr. Cai Bingquan, President of Jiuling Blockchain, shared his past experience in the real estate industry at the meeting. Speaking of its popularity, if you choose the right path and direction, you will be successful. Similarly, blockchain is the trend now and in the future. The power of blockchain can empower participants to enjoy the wealth. Blockchain e-commerce will definitely build new successful businesses.

Dr. Liu Haifeng, general manager of Jiuling Blockchain Technology, has entered the blockchain field in 2006. He has conducted in-depth research and is committed to leading the practical application of blockchain technology to the real economy for many years. At the meeting, he used his professional knowledge to share the future development of blockchain and the technology of Weigong Chain. Lead the guests to have an in-depth understanding of the technical understanding and future development trends of blockchain and Weigong Chain.

Dr. Zhang Genyuan, chairman of Jiuling Zhengzhou Branch, used his professional financial knowledge reserve to hold an ideological gathering with participating nodes at the first offline high-end conference of Weigong Chain nodes. Provide more powerful motivation for guests attending the conference to achieve their life goals. Let’s break the thinking together and use the blockchain e-commerce strength of Jiuling Dimension Public Chain to embark on an extraordinary road to success.

Mr. Yao Pu, marketing director of Jiuling Blockchain, gave a comprehensive analysis of the disadvantages and shortcomings of various model companies and platforms through comparison with the current market, and deeply analyzed the impact of blockchain e-commerce on The reform of the model market, a detailed analysis of blockchain e-commerce’s superior brightness and advantages over various model companies, provides everyone with a clearer direction of identification. Jiuling Blockchain will dedicate more and more powerful power to the participants in the great cause of Weigong Chain, and work together to share the dividends brought by the emerging industry of blockchain e-commerce..

Mr. Lu Wei, Chairman of Jiuling Blockchain, collaborated with several company executives to share and analyze how blockchain technology empowers the real economy with a new round of technological revolution and industrial transformation and development. The guests at the meeting node all praised the sharing of the senior executives of Jiuling Company, and bursts of applause broke out at the scene.

The new mechanism was announced for the first time at the first assembly meeting of Weigong Chain, attracting dozens of on-site participating node guests to become agents and sites. They have firm confidence and vow to form a community of life with Jiulingwei Public Chain, jointly contribute to the iteration of the e-commerce ecology, achieve win-win cooperation, and jointly create a new era of blockchain consumption, wealth creation and sharing.

Participating node guests who become agents on site will receive high-end gold watches or diamond rings, and those who become sites will receive leather bags with full visual traceability.

Mr. Li Meng became the agent on the spot and took a group photo with Mr. Lu Wei, Chairman of Jiuling Blockchain, and Mr. Cai Bingquan, President of Jiuling Blockchain.

Mr. Ye Feng and his wife became agents on the spot and took photos with Mr. Lu Wei, Chairman of Jiuling Blockchain, and Mr. Cai Bingquan, President of Jiuling Blockchain.

“Weigong Chain is people-oriented, and the world is upholding the public.”

“Weigong Chain is people-oriented, and the world is upholding the public.”

G. What is the difference between blockchain and public chain, private chain and alliance chain?

Blockchain is strictly defined into three types: public chain, private chain and alliance. chain. The core difference between these three types of blockchains is the degree of openness of access rights, or the degree of decentralization. Generally speaking, the higher the degree of decentralization, trust and security, the lower the transaction efficiency.

In general, each type of blockchain has its own specific model and value. It cannot be said which one is better. As long as whoever solves the needs is valuable.