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A. Is Ant Chain a public chain?
Yes. "Ant Chain" is a formal domestic blockchain public chain (Ant Chain also has an "alliance chain"). It has ranked first in the world's blockchain patents for four consecutive years and is considered by the country to be the most secure blockchain in the country. .
Different from Ethereum, "Ant Chain" currently only allows formal units such as enterprises, governments, hospitals, and logistics to settle in, which ensures the formalization and professionalization of Ant Chain. At present, Ant Chain can be applied to more than 50 application scenarios, and will be applied in more fields in the future, making blockchain technology truly a physical application technology.
Since 2016, Ant Blockchain has established a top domestic technical team to independently develop internationally leading alliance blockchain technology. After years of accumulation and development, the Ant Blockchain platform has reached the level of financial enterprises. It has unique high-performance and high-security features and can support ultra-large-scale scenario applications of 1 billion accounts x 1 billion daily transaction volumes.
In terms of core technology, Ant Chain has advanced capabilities in consensus mechanism, network expansion, verifiable storage, smart contracts, high-concurrency transaction processing, privacy protection, off-chain data interaction, cross-chain interaction, multi-party secure computing, and block Major breakthroughs have been made in areas such as chain governance, network and infrastructure implementation, and security mechanisms.
B. Is it reliable to combine blockchain with entities?
Uninvited
Is it reliable to combine blockchain with entities? There are already blocks Applications of chains combined with entities.
As for the blockchain + real estate mentioned in the question, there is Beizhu based on Ulord.
Beizhu is a blockchain property rental platform based on Ulord. Beizhu uses blockchain technology to improve space usage efficiency from financial investment. The combination of blockchain and smart hardware reduces people's living costs and improves people's living experience; Beizhu realizes the service provision of the leasing industry, and consumers , the unification of the three identities of platform builders.
In addition to blockchain + real estate, there are many places where blockchain is also applied.
1. Bitcoin
Bitcoin is the first project that should be included in the blockchain, and it is also the most familiar blockchain application to the public. In 2009, Satoshi Nakamoto proposed the concept of Bitcoin (BitCoin). Based on Satoshi Nakamoto's ideas, he designed and released open source software and built a P2P network on it. Bitcoin is a P2P form of digital currency.
2. Ushare
Ushare is the world’s first decentralized experience value sharing platform based on the Ulord public chain. Currently, Ushare has been launched on all major application platforms.
Ushare uses high-quality experience sharing as a bridge and will create an in-depth content social platform with high-quality experience as the medium. Through multi-dimensional experience exchanges between users, between users and opinion leaders, and between opinion leaders, Ushare opens up the growth channel for users and the voice channel for opinion leaders.Tao, to achieve experience circulation, value gains, social networking, personal growth, and high-quality content social networking.
Based on the Ulord public chain, Ushare adopts a decentralized storage model, which reduces the operation and maintenance costs of the platform; Ushare uses key information of articles to be uploaded to the chain, maintaining the creator's control over the content. Ownership. Regarding the issue of content review, Ushare uses a combination of artificial algorithms and voting mechanisms to better screen high-quality content for users.
At the same time, Ushare applies Ulord’s token system. By liking and commenting on valuable content, posting high-quality experiences, and sharing monster-fighting experiences on Ushare, you can get incentives and everyone can share the benefits of creation.
3. Network Totem
Network Totem is an original image service platform on the Internet blockchain, which was officially launched on April 11, 2018. This product uses a self-developed blockchain copyright registration network, coupled with dual authentication of trusted timestamps and chain stamps, to generate copyright DNA for each original picture, making the original work truly traceable, reprintable, and monitorable.
4. Blockchain electronic invoice
On December 11, the Shenzhen Municipal Taxation Bureau of the State Administration of Taxation opened the WeChat payment platform and launched the "WeChat payment blockchain electronic invoice" function .
On the morning of November 1, after handling precious metal purchase business for customers, China Merchants Bank Shenzhen Branch directly connected the Shenzhen Municipal Taxation Bureau’s blockchain electronic invoice platform through the system and successfully issued the first district invoice for the customer. Blockchain electronic invoices mark China Merchants Bank as the country’s first pilot bank for blockchain electronic invoices, ushering in the era of blockchain electronic invoices in the financial services field.
5. Healthy Energy Chain
Based on Ulord, the first domestic blockchain national fitness mutual promotion and encouragement community, the Healthy Energy Chain has now entered internal testing. Through the token economy of the blockchain, social promotion and mutual stimulation, fitness can also make money, making fitness more valuable.
6. Tmall Double 11
Ant Blockchain uses blockchain technology to trace the origin of 150 million products on Tmall Double 11.
C. Ant Financial becomes the only Chinese founding company due to blockchain
Recently, the Massachusetts Institute of Technology in the United States announced that it will cooperate with several top technology companies in the world on July 18, 2018. The company jointly launched the MIT Financial Technology Laboratory, whose main research directions include blockchain development, privacy security, databases, encryption systems, etc. Ant Financial is the only Chinese founding company.
What Jiang Guofei, the head of the Ant Technology Laboratory, said in an exclusive interview is also very illustrative: This person has been traveling in Tokyo Bay and New York Bay for the past 15 years. The former NEC (Nihon Electric) Technology VP said that in terms of independent research and development of cutting-edge core technologies such as blockchain, China and the United States are almost on the same starting line. This is a sight that has never been seen before. “Whether it is Tokyo Bay, New York Bay or San Francisco Bay, they all emerged in Japan, a blowout increase in the comprehensive national strength of the United States. It's now Chinese time, so I'm back. ”
Content source ifeng.com
D. What should the phenomenon and application of blockchain look like
1. The revolution of blockchain
< br /> It was not until the seventh year after the emergence of Bitcoin that its underlying core technology, blockchain, began to become known to people. With the wealth effect caused by Bitcoin’s multi-million-fold increase, blockchain has also become more and more popular. The higher. Its value is widely recognized and it is generally considered to be the core technology leading the fourth industrial revolution.
In 2018, Xu Xiaoping, a well-known angel investor, raised his arms and shouted: "The blockchain revolution has arrived! Embrace this revolution! "One stone stirred up a thousand waves, and soon the official blockchain learning book was launched online. Official media interpreted it as a wave of entrepreneurship and recruitment. In 2019, blockchain was officially designated as "an important breakthrough for independent innovation in core technology." .
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 to use these advantages of blockchain technology to empower the real economy?
Not only blockchain project parties are trying, but Chinese Internet giants represented by BAT, China Merchants Bank, Bank of China, Various industries such as the financial system and mobile operators represented by Ping An Insurance are actively pursuing "Blockchain+". It is also in full swing overseas, with Facebook, Goldman Sachs, JPMorgan Chase, etc. all actively promoting it.
2. Blockchain+
On August 10, 2018, Tencent issued the first blockchain electronic invoice. As of July 3, 2020, the number of invoices issued reached 25 million. District 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, affiliated with 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 cooperated with Intel, Jingdezhen Porcelain, Bayer and other well-known companies around the world have reached on-chain cooperation. The Internet has also entered the blockchain very early and launched blockchain games, blockchain certificate storage and other businesses. At present, the amount of certificates stored on the chain has exceeded Billion•.
In 2019, the scale of China’s blockchain industry alone reached RMB 1.2 billion. According to data from the research institution Research and Markets, the output value of blockchain technology in the telecommunications field will increase from RMB 4.66 million in 2018. The US dollar surges to US$993.8 billion in 2023. Against this background, 2020 will usher in the benefits of multiple policies.
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 City on Promoting the Innovation and Development of the Blockchain Industry (2020-2022)";
4. Beijing issued the "Beijing Blockchain Implementation Opinions" Chain Innovation Development Action Plan (2020-2022)";
5. Jiangxi launches online blockchain service hall;
6. Blockchain technology scientific and technological achievements held in Wuhan Transformation special event;
7. The Chongqing Smart Expo 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 blockchainsPattern design obviously cannot fully stimulate individual energy, 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, each individual's energy can be maximized to maximize the energy of the whole, and only then can the original centralized business model be broken and a free flow of global individuals be formed. A peer-to-peer value transmission network 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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E. In what scenarios is the Ant Blockchain applied? Who can help me? Answer
I can give you a simple answer to this question. There are still many application scenarios for Ant Blockchain. For example, last year the Ant Blockchain BaaS platform joined hands with MYbank, China Communications Xinglu, and Weibo Tiantong and other partners. Using blockchain technology, an online freight logistics platform was launched. This successful cooperation not only ensures the privacy and security of the entire data link, but also completes the data cross-validation of the three logistics streams. With the intervention of Ant Blockchain technology, these data make it difficult for any party to tamper, deny, or falsify. Having well-documented information also makes both parties more reassured.
F. Ant Group has released another blockbuster blockchain application. Can it create another "Alipay"?
Prior to this, Alibaba has repeatedly predicted that it will release a "subversion" today. sexual products”. So, what pain points can Trusple solve? What are the application prospects? What difficulties and obstacles does the promotion of Trusple currently face?
Another “Alipay”
“Same as Alipay’s original intention of launching secured transactions, Trusple also aims to solve the problem of transaction trust. The difference is that since blockchain technology is solving With outstanding features in trust in complex processes, Trusple better meets the needs of solving trust in international trade." said Jiang Guofei, Vice President of Ant Group and President of the Intelligent Technology Business Group.
Specifically, on the Trusple platform, when a buyer and seller generate a trade order, it is automatically uploaded to the chain and begins to circulate. The bank will automatically pay based on the payment terms agreed upon in the order, avoiding the traditional model. Sellers need to urge buyers to transfer money offline, and at the same time, they can also prevent the frequent malicious delay in payment time. Buyers can also obtain financial services such as account terms based on real orders on the chain, which greatly improves capital utilization and procurement efficiency.
For buyers and sellers, every successful transaction on Trusple is a deposit of "on-chain credit". When enterprises have financing needs, financial institutions canMake a verification request to the Trusple platform to determine the authenticity of the company's trade. In this way, on the one hand, it reduces the financial service risks of banks and other financial institutions, and at the same time, it also revitalizes the survival and operating capabilities of small and medium-sized enterprises.
It is understood that five banks, including BNP Paribas, Citibank, DBS Bank, Deutsche Bank and Standard Chartered Bank, have become Trusple’s first partners.
How complex is traditional trade finance business? The following is the bank's letter of credit business flow chart:
As can be seen from the above, the traditional international trade financing model is not only complex in process, but also requires high service fees from banks. If there is a blockchain trade settlement platform and a trade settlement contract is developed, the exporter directly places the advance payment in the smart contract. When the exporter's goods arrive at the destination, the system verifies that the documents are qualified and then triggers the smart contract to release the money to the exporter. Not only is the process simple and the service fee is low, but more importantly, it can reduce the capital occupation cycle and improve capital efficiency.
"This is the case with Trusple currently launched by Ant Group, and Ant Chain also supports smart contracts." Li Lianxuan said.
To sum up, the difference between traditional cross-border trade and Trusple is centralization and decentralization. In the traditional trade model, banks serve as the center, providing transaction credit or financing facilities to buyers and sellers to ensure the smooth progress of transactions. The "credit" in this is the bank's third-party credit. As for the trust model of blockchain, its "credit" comes from the blockchain itself and does not require a third-party intermediary.
Facing two major obstacles
The launch of Trusple also fulfilled a long-cherished wish of Ali for 19 years.
As early as 2001, Alibaba B2B Company tried to use a model similar to an intermediary guarantee to solve the problem of mutual distrust between buyers and sellers in foreign trade transactions, but was unable to do so due to technical constraints at the time. Two years later, the emergence of Alipay solved the trust problem among C2C business users. However, because transactions between enterprises are much more complex than between individuals, and payment methods and logistics methods are also very different, the plan 19 years ago has been shelved to this day. Until the emergence of blockchain provides new solutions. For this reason, Alibaba calls the launch of Trusple a major launch comparable to the birth of Alipay.
It is worth noting that although Trusple has similar functions to Alipay, both are designed to solve the trust problem between different subjects, but the solution ideas are completely opposite. Trusple aims to eliminate middle links and disintermediate, while Alipay is the largest intermediary with 1 billion users. Trusple only targets B-side users in cross-border trade, so it seems to be fine with Alipay for now. So if similar products are used in domestic C2C e-commerce scenarios in the future, it will revolutionize Alipay's life.
Alibaba’s blockchain layout
Based on the characteristics of decentralization, openness and transparency, information traceability, anti-tampering, and automatic execution of smart contracts, blockchain is naturally a powerful tool to solve trust problems. As The Economist said: Blockchain will become a “trust machine.” Therefore, Jack Ma said that Alibaba without blockchain would "die".
Jack Ma’s words are not alarmist. Alipay, which started as an e-commerce company, has played a key role in solving the trust issue between consumers and merchants in online transactions. It can be said that without Alipay, Alibaba would not have the e-commerce empire it has today. “Over the past decade or so, we have continued to promote the construction of trust mechanisms through technology and innovation,” Ant Group said in its IPO prospectus.
To this end, as early as 2015, Alibaba established a blockchain team and began to invest in blockchain research and development. In October 2017, Ant Financial (the predecessor of Ant Group) released the "BASIC Strategy" (blockchain, artificial intelligence, security, Internet of Things, cloud computing). In July this year, just before Ant Group applied for listing on the Science and Technology Innovation Board, Ant Blockchain was officially upgraded to "Ant Chain". Jack Ma personally named Ant Chain, which shows its status in the Alibaba ecosystem.
Today, Alibaba has implemented more than 50 blockchain application scenarios. Ant Chain is technically able to support 1 billion account sizes and can support 1 billion daily transactions, achieving 10 transactions per second. Wanbi cross-chain information processing capabilities (PPS).
In April this year, Ant’s “Open Alliance Chain” was officially launched, fully opening up its blockchain technology and application capabilities to small and medium-sized enterprises. Subsequently, the implementation of related blockchain applications further accelerated. In July, the Ant Chain all-in-one machine was released, which can save more than 90% of blockchain deployment time for government and enterprise developers; on September 18, it was opened to the public including data security computing hardware, The privacy and security "three-piece set" of 3D contract security services and data privacy computing services; Trusple is released today.
In terms of research and development, Alibaba’s blockchain patent applications have ranked first in the world for four consecutive years, and its self-developed cross-chain technology has also been recognized as an international standard.
According to the website of the Shanghai Stock Exchange, Ant Group’s Science and Technology Innovation Board IPO has entered the “submission for registration” stage. "After listing, the most important thing for Ant Group is to invest in technology. In the future, it will focus on investing in the five major technical fields of artificial intelligence, risk management, security, blockchain, computing and technical infrastructure." Ant Group CEO Hu Xiaoming said.
G. What are the application examples of blockchain technology
Application of blockchain technology in voting
Kuaishang is the first to apply blockchain technology nationwide In the field of voting, it effectively solves the problem of trust in voting data, provides the most authentic and effective data to activists, protects the rights and interests of real voting users, and at the same time makes blockchain technology "people-friendly" so that ordinary people can quickly perceive and enjoy it in the field of life services. The convenience brought by blockchain technology.
Blockchain technology in digitalApplication in asset registration
The Golden Master Digital Asset Service Platform is the first to use blockchain technology, which is a globally accepted distributed ledger technology that is traceable, non-tamperable, and non-forgery. The digital assets of the platform come from regulated digital asset issuers, and the value of the assets is determined through the open market to avoid overestimation or underestimation of value.
The application of blockchain technology in the financial industry
Ant Financial’s independently controllable financial-grade commercial blockchain platform has been deployed globally in multiple institutions and countries in multiple social and commercial application scenarios. Ant Blockchain Chain platform transactions support second-level confirmation, and the consensus mechanism uses an efficient parallel consensus algorithm to ensure the high performance of the blockchain platform. Ant Blockchain has already had multiple production-level applications, applying leading technology to people's livelihood and business. , finance and other fields.
H. The difference between the Ethereum chain and the Ant chain
The differences between the Ethereum chain and the Ant chain are as follows.
Ethereum is an open source public chain. All users can create their own virtual currency or other programs on Ethereum through smart contracts. Today, 99% of the programs on Ethereum are virtual currencies. , because the threshold is very confusing. As long as you know blockchain technology, you can build your own virtual currency on Ethereum. Of course, you also need some Ethereum coins for consumption, which has led to many projects above "Ethereum" "As a gimmick, they hyped up their own virtual currency. Due to the lack of supervision, the bubble continued to expand and finally collapsed and ran away to harvest leeks.
"Ant Chain" is a formal domestic blockchain public chain (Ant Chain also has an "alliance chain"). It has ranked first in the world's blockchain patents for 4 consecutive years and is considered the safest in the country by the country. Blockchain. Different from Ethereum, "Ant Chain" currently only allows enterprises, governments, hospitals, logistics and other formal units to settle in, which ensures the formalization and specialization of Ant Chain. At present, Ant Chain can be applied to more than 50 application scenarios, and will be applied in more fields in the future, allowing blockchain technology to truly become a physical application technology. In the future, Ant Chain will definitely become the world's mainstream blockchain, with unlimited link possibilities. !
I. How far is Ant Chain from replacing electronic contracts
As an Alibaba company named by Jack Ma himself, but has not yet completed the name change on the Internet, Ant Chain is indeed Seems a little too low-key.
In that era when everyone must be called Bitcoin and everyone wants to do ICO, Ant Chain seems a bit out of place.
1｜Ant Chain has accumulated more than 50 application scenarios
In 2015, Alibaba established a blockchain interest group internally and used its spare time to build a public welfare blockchain , Ant Blockchain was born.
Even in the hottest era of ICO in 2017, Ant Chain did not pay attention to the noise from the outside world. It has been silently exploring the application of blockchain, and has successively launched authentic traceability, cross-border remittances, etc. Products andservices and accumulated technical foundation.
Ant Chain is moving forward in the unaccompanied darkness and making its own way, very much like Alibaba Cloud in 2009.
Data source public data compiled by China Software Network
In 5 years, Ant Chain has accumulated more than 3,000 patents, and officially announced that it has more than 50 application scenarios, with an average daily increase of Chained 100 million times, it has become the largest blockchain application company in the world. Let those ethereal on-chain fantasies of 2017 shine into reality.
According to the research of China Software Network, Ant Chain is currently at least in supply chain finance, joint risk control, asset management, financial leasing, blockchain contracts, traceability services, electronic licenses, bill circulation, invoice circulation, and Information data service platform, remote bidding, blockchain copyright, digital logistics, digital warehouse receipts, joint marketing, points marketing, Jifenbao, digital commodity collaboration network, professional qualification certification services, donation traceability, time bank, pension charity It has relatively large-scale applications in 24 scenarios including prescription circulation, health services, etc. With the help of the "open alliance chain" established this year and the scale effect of the entire Alibaba family of enterprises, Ant Chain has reduced the cost of on-chain for small and medium-sized enterprises from millions to thousands.
Data source: public data compiled by China Software Network
Whose face will be hurt the most by such a large, comprehensive, broad and widespread slap?
2｜Ant Chain aims at electronic contracts
What applications will Ant Chain replace? The first unlucky one must be the electronic contract.
Since the promulgation of the Electronic Signature Law of the People's Republic of China in 2005, national departments and agencies such as the National People's Congress, the State Council, the Ministry of Transport, the Ministry of Housing and Urban-Rural Development, and the National Immigration Bureau have successively formulated many laws, regulations, and Standards have greatly promoted the development of the electronic contract industry. At the same time, electronic contract manufacturers such as e-sign, Fada, Shangshangshou, Trust, and Contract Lock were spawned.
Data source: public data compiled by China Software Network
According to public data statistics, the electronic contract market has been growing year after year. As of the end of 2019, the cumulative number of electronic contracts signed by eSignature has reached 10.5 billion times, with the average daily signing volume exceeding 20 million times. However, its main application scenarios are still concentrated in purchase and sale contracts of consumer terminals, transaction contracts with external enterprises, labor and social security document contracts related to human resources, as well as internal approval and certification documents within the enterprise.
Data source public data compiled by China Software Network
The country promotes relevant norms and standards, and also promotes the four major elements of legal compliance: true will, true identity, The original text and signature have not been changed.
The traceable, tamper-proof, and partially decentralized solutions provided by blockchain’s distributed ledger technology are naturally suitable forMatching nature.
Data source public data compiled by China Software Network
In the environment of commercial transactions, there are often a large number of multi-node and complex process businesses, which often show linear relationships. Before these nodes Insufficient trust, repeated information confirmation and communication will cause a lot of efficiency losses. Distributed ledger technology is currently the best technical solution in this regard.
As soon as electronic contracts were born, they encountered blockchain. These two things, which were born almost at the same time, suddenly found a natural fit in 2020.
3｜Will Ant Chain completely replace electronic contracts?
The development path of Ant Chain is similar to that of Alibaba Cloud. Both were born and developed out of internal needs, and then transitioned to meet external needs to become a star business.
Starting from tracing Ant Charity’s project donations, it can range from managing Tmall’s cross-border products to providing supply chain financial services to internal companies, to protecting Taobao’s image copyrights and paying for Taobao products. Social security, electricity bills, and water bills have all completely found corresponding external demands.
It has begun to be applied in scenarios such as cold chain food management, tracing external payments, government finance, public welfare fund management, shipping port logistics and warehousing management, chip financing leasing, blockchain prescriptions, blockchain invoices, etc. .
Finally, we have achieved a little explosion in blockchain charity and a lot of flowering.
If Alibaba Cloud has solved the efficiency problem of cloud computing, then Ant Chain can be said to have solved the value problem of cloud computing. Ant Chain has opened up the physical world and the cloud world, and realized the digitization of assets and data. Breaking the ice on the boundaries of capitalization.
But in the final analysis, the cost cannot be avoided. Due to the complexity of blockchain technology, developing a blockchain application is a luxury for many companies. Developing a blockchain application requires investing millions of dollars, and it also requires connecting upstream and downstream to build an enterprise ecosystem. The time and energy behind it cannot be underestimated.
This is the same for Ant. It has spent huge sums of money to build a blockchain application platform. In recent years, it has applied for more than a thousand patents every year. It will eventually need to be commercialized. Now through its ecological alliance, "open "Consortium Chain" directly reduces this threshold cost to thousands, which is almost consistent with the charges of electronic contract companies. It is a devastating blow to electronic contract companies.
Whether it is its consensus algorithm performance index (TPS) of more than 100,000 times/second, or the recently released all-in-one software and hardware and end-to-end trusted environment, the technical indicators of Ant Chain have ranked first in the world. Yiqi Juechen, far surpassing international alliance chains such as Fabric, Quorum and Corda. Combined with Alibaba's strong business capabilities and government BD capabilities, it will never take more than 5 years to completely replace the current electronic contract form.
With the release of the Ant Chain all-in-one machine, the cost of enterprise chaining is expected to further improve.It is further reduced in terms of deployment time, transaction speed, consensus delay, and accelerated cryptographic operations.
4｜How will blockchain contracts develop next?
What will happen to the current blockchain electronic contracts in the future? We look at the development of blockchain applications from four levels: business, industry development, products, and technology:
1) At the business level, judging from the current application scenarios, there are still many blank areas with " The potential of "on-chain" needs to be developed. At present, it is very compatible with the financial industry. It can connect with other financial businesses such as banking, insurance, and securities industries, and is expected to be further integrated with RPA.
2) From the perspective of industry development, not only Ant Chain, but also the pursuer Tencent Blockchain are trying to build an ecology and develop alliance chains. The alliance chain can greatly improve transaction efficiency and reduce transaction costs because of its "multi-centralization" characteristics and the advantages of independent controllability, privacy protection, and high efficiency.
3) From the product level, the blockchain products of major manufacturers are all moving towards platform-oriented, whether it is Ant Chain’s BaaS platform or Tencent’s “TrustSQL”, they are all moving in the direction of platforms. Walk. In the future, small and medium-sized manufacturers can choose to join the SaaS camp of Internet giants, establish their own advantages in specific fields, and move in the direction of "small but beautiful".
Future on-chain applications are expected to provide users with diverse deployment models and product forms to meet personalized user needs. However, cross-chain data exchange and the adaptability of technology and data from different chains will be a challenge for these platform-based enterprises.
4) Since the development of blockchain, the three generations of public chains represented by BTC, ETH, and EOS have made varying degrees of sacrifices in terms of efficiency, security, and centralization. Although Ant Chain The technology is advancing by leaps and bounds, but these three mutually restricting indicators are still important problems that require continuous breakthroughs and are indispensable.
As the amount of data on the chain increases, this problem will become more and more obvious. It remains to be seen whether the current payment ability of Ant Chain customers can cover the costs.
