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A. What are the blockchain companies?

As follows:

At present, almost all Internet companies have started to develop blockchain. Most traditional financial companies are involved. There are serious pure blockchain companies that do some technology research and development, including Yunxiang, Qulian, and Taiyi; there are also companies that do public chain main chains, such as Xunlei, Xiaoyi, Byuan, etc.

There are also many companies that are actually working on blockchain technology, such as Qulian Technology, Wanxiang Blockchain, Energy Chain Group, Complex Beauty Technology, Galaxy Blockchain, Zhigui Technology, and Medical Chain The groups are all well-known companies in the industry with good technology. Internet giants basically have blockchain sections.

More than 10,000 new blockchain companies will be added in 2020

Despite the COVID-19 pandemic, China’s blockchain industry is still growing significantly. As of July 2020, more than 10,000 new blockchain companies have been established in China. The number of new companies in 2020 exceeded the 18,500 in 2019.

The continuous influx of new blockchain companies has laid the foundation for the development of my country's blockchain industry. However, due to the rapid development of the blockchain industry, there is a shortage of professional talents to match it, and most employers will face the problem of recruiting people.

B. What industries can blockchain be used for?

There are many things that can be done, such as digital IP, public welfare, finance, supply chain, logistics, etc.

Heshu Software analyzes it as follows;
There are so many things that can be done by joining the blockchain. Your computer’s computing power and your bandwidth will all be reduced. It becomes a "bookkeeping book" in the network, helping manufacturers record the data they need. Even electricity is part of what is shared.
Heshu Software will focus on promoting the legal circulation and commercial application of big data using blockchain technology.

D. Is it difficult to develop a public blockchain chain? There are several domestic companies that can do it

Blockchain is a distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. New application models of computer technology. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each The data block contains information about a batch of Bitcoin network transactions and is used to verify the validity of the information (anti-counterfeiting) and generate the next block.

The biggest problem if such technology is to be put into application is the "impossible triangle problem"

That is, it cannot achieve scalability (Scalability) and decentralization (Decentralization) at the same time. ), security (Security), you can only get two of the three.

Most of the public chain projects currently on the market are difficult to put into use on a large scale.

E. Blockchain is realDoes blockchain have development prospects?

There is no doubt that blockchain has development prospects, and the necessary condition for development prospects is to enter the mainstream market.

Matt Spoke, founder and CEO of North American blockchain infrastructure The OAN (formerly Aion Network), published an article in Forbes on July 24 titled "In order to successfully enter the mainstream market, blockchain projects must "Eat Dog Food", in which Matt mentioned his views on how blockchain should enter the mainstream market - "Eat Dog Food".

In the technology circle, there is a jargon called "dogfooding" (also known as eating your own dog food), which refers to a company using its own products and becoming a user of its own products. Many high-growth companies (such as Microsoft, Facebook, Amazon, Apple, Netflix and Google) also use dog food to test products or help build credibility for their products. Although "eating dog food" is often used to find and fix bugs, it has another value: creating reliable use cases for the company's products.

This is worth learning from blockchain projects, because blockchain projects often hold the idea of ​​"if it is built, they (users) will naturally come" and habitually create new and interesting things. Responsibility for blockchain applications is given to third parties.

This attitude is so common that even the well-known blockchain summit Consensus 2019 (2019 Consensus Conference) also held a conference titled "Build it, they (users) will naturally come: Creating a global area" Blockchain Center's roundtable forum discusses how governments around the world can make efforts to attract blockchain projects while balancing regulatory, investment and innovation needs.

To be fair, this strategy may be effective for blockchains that only target cryptocurrency circles. For security tokens, especially exchanges that trade such representatives, this makes even more sense - "supply creates demand" is the usual thinking here, especially considering the complex infrastructure required to implement these transactions. .

In contrast, "eating dog food" is more likely to be used by blockchain project developers seeking mainstream audiences (such as those in the financial industry, manufacturing and supply chain, identity management, etc.) use. If blockchain technology wants to break into these mainstream fields, blockchain companies must first "eat dog food." This will not only clearly prove that blockchain technology is feasible outside the currency circle, but also highlight that blockchain can not only optimize existing use cases, but also create new use cases.

The OAN team has always adhered to this concept and relied on the technology stacks of The OAN and Aion built over the years to develop Moves, a financial technology platform for independent workers.

Matt said that when developing the Moves product, the team hopes that the relevant functions of The OAN blockchain network can be fully utilized, so the focus will be on the following three aspects.Banking considerations:

1. How to use The OAN blockchain network to improve the credit efficiency of products.

There are two main considerations for improving credit efficiency: 1) Can Zheng Lu learn from the mechanisms of the DeFi market to reduce capital costs; 2) Can blockchain technology be used to increase the external credit process for Moves? of trust. Here, Moves will form a "pooling of wisdom" mechanism, allowing everyone to contribute to reducing credit risks and increasing the credibility of the credit granting process, and may even develop a micro-guarantee mechanism in the future. Therefore, users will be able to participate in the market established by the platform as a borrower, lender or guarantor.

2. How to align the interests of products and users.

Specifically, by connecting Moves to The OAN network, and with the help of the digital asset Aion, a relationship of consistent interests is formed between the product and the user, so that users can experience Moves personally. Whether the product development is successful or not, you can also directly participate in the blockchain network that supports Moves - The OAN.

3. How to create a pioneering financial reputation data open system with Moves.

This open system may become a replacement for traditional credit scores or related mechanisms. For years, banks and financial institutions have used scores from Equifax, FICO or others as risk indicators, and the Moves team believes the product it is building will be a good start - a better, more modern financial system. The beginning of the reputation system. This is a long-term goal.

Moves supports mainstream ride-sharing, food delivery and other gig economy concept platforms in North America and will be the flagship open application developed by The OAN on its blockchain network. In June, Moves' business operations expanded from Ontario to two more provinces - Alberta and British Columbia, and into Western Canada.

The various measures taken by The OAN team are all based on the spirit of "eating dog food" and working hard to allow blockchain technology to enter the mainstream market as soon as possible. Blockchain is not for the niche, but for the mainstream. In addition to The OAN team, many projects and institutions in the blockchain industry are also moving towards this goal. With such an excellent and targeted blockchain, what can you do? Are you saying there is no development prospect?

F. There are several prospects for the future of blockchain

There are 5 prospects for the future of blockchain.
Trend 1: Governance must be done.
Trend 2: Interoperability. We have built many chains, such as authentication chains, digital identity chains, game chains, and industrial chains. Chains also need to be interconnected. This aspect will become increasingly important in the future.
Trend 3: Integration of technology. If blockchain is only used as a single technology and combined with scenarios, there is still a gap. It needs to integrate more new other technologies with blockchain to get closer to business scenarios.
Trend 4: Confirm fraudulent data to ensure that the data I get on the Internet or send out will not be maliciously obtained or tampered with.
Trend 5: Central banks around the world will have their own ideas about digital currencies, including Europe. Central bank digital currency has been piloted in many places and will be promoted in large numbers in the future.

G. Can blockchain mining still be done now? What mining machine is better?

Of course it can be done,
The development of blockchain
, let
Digital currency
be widely recognized, and more and more people are mining. For
mining machines
, I recommend GYM mining machines, which have more advanced intelligent technology.

H. In the era of blockchain, what other opportunities do small and medium-sized entrepreneurs have to get rich?

I think blockchain is the icing on the cake for the real industry. Small and medium-sized entrepreneurs can not only seize the opportunities in the market There is an unmet need and opportunities to get rich are sought by filling this gap in supply. It can also develop unique products in my country's high-tech industries and occupy a place in the market. In fact, to put it very bluntly, if you are not from a technical background, it is difficult to participate in the blockchain industry, especially entrepreneurship. Of course, this is not absolute. why? Although the current development of the blockchain industry has been promoted to a strategic level by the country, it has triggered many institutions and individuals to enter the field. Some of them have been preaching about the blockchain industry for a long time, and some just came into it out of curiosity. Just a few years ago, many project parties and early participants claimed that blockchain would eventually change the traditional business model and completely subvert BAT and so on. But what about current developments? Many core technologies are not yet mastered by major manufacturers, and many blockchain applications have not yet been launched by major manufacturers. Specific opportunities also require ourselves. Not everyone can create opportunities, so we must always seize every moment. Opportunity awaits those who are prepared.

I. Where can I find ways to make money with blockchain technology?

There are four ways to make money with blockchain technology:

1. Hardware and Infrastructure typically includes mining machine production and distribution chains, where you can make money by buying mining machines and mining to earn coins.

2. Blockchain underlying platforms and general technologies, such as public chains such as Ethereum, privacy protocol Nucypher, etc., where you can make money by investing in its tokens, building on-chain applications, and providing services to users. .

3. Various vertical applications, such as blockchain-based supply chain traceability and finance, copyright confirmation and transactions, etc. You can use these applications or invest in their token swaps to make money.

4. Service facilities, such as digital asset exchanges and wallets, media products, etc. You can make money by setting up an exchange yourself.

(9) Is there any further reading on the blockchain:

Blockchain types explained

1. Public blockchain

Public BlockchainChains) means: any individual or group in the world can send transactions, and the transactions can be effectively confirmed by the blockchain, and anyone can participate in its consensus process.

Public blockchain is the earliest blockchain and the most widely used blockchain. The virtual digital currencies of all major bitcoins series are based on public blockchains. There is only one such blockchain in the world. The blockchain corresponding to the currency.

2. Consortium (Industry) Blockchain

Industry Blockchain (ConsortiumBlockChains): Multiple pre-selected nodes are designated as bookkeepers within a certain group. Each block The generation is jointly decided by all pre-selected nodes (the pre-selected nodes participate in the consensus process), and other access nodes can participate in transactions.

3. Private Blockchain

Private Blockchains (PrivateBlockChains): Only use the general ledger technology of the blockchain for accounting. It can be a company or an individual. With exclusive write access to the blockchain, this chain is not much different from other distributed storage solutions.

J. What blockchain technology can do

There are so many things that blockchain can do. However, blockchain is just a technology, a technology with very broad prospects, similar to the Internet technology in the 1990s. The Internet has proven to be the greatest technology in the 21st century and has changed the way humans live.
For example, blockchain can be applied to financial fields such as P2P, bills, securities, etc., and can also be applied to contracts. Of course, intellectual property rights can also be protected, such as the distributed content publishing platform DECENT.