区块链是构建未来社会治理的信任机制吗,区块链是构建未来社会治理的信任机制对吗
近年来，随着区块链技术的发展，越来越多的人开始关注区块链是否可以作为未来社会治理的信任机制。本文将拓展三个相关关键词：区块链技术、去中心化、智能合约，来探讨区块链是否可以构建未来社会治理的信任机制。
区块链技术是一种分布式账本技术，它通过把信息存储在数据库中的多个节点上，让每个节点都能够查看到数据库中的信息，从而实现了数据的安全性和可靠性。区块链技术具有不可篡改的特点，可以有效防止数据的篡改，从而使得数据具有可信度。此外，区块链技术还具有去中心化的特点，可以有效降低系统的运营成本，并且可以节约人力资源。
去中心化是区块链技术的一个重要特征，它指的是没有中心化机构来管理系统，而是由多个节点来管理系统。去中心化的优点是可以有效降低系统的运营成本，而且可以节约人力资源。此外，去中心化还可以防止系统的滥用，从而使得系统更加安全可靠。
智能合约是一种特殊的计算机程序，它可以在区块链网络上执行，并且可以自动执行各种协议。智能合约可以有效降低交易成本，并且可以有效保证交易的安全性和可靠性。此外，智能合约还可以有效防止系统的滥用，从而使得系统更加安全可靠。
综上所述，区块链技术、去中心化和智能合约是构建未来社会治理的信任机制的重要元素。区块链技术可以有效防止数据的篡改，去中心化可以有效降低系统的运营成本，而智能合约可以有效保证交易的安全性和可靠性。因此，区块链确实可以作为未来社会治理的信任机制。
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Ⅰ What is blockchain
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 data blocks generated using cryptographic methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify its Validity of information (anti-counterfeiting) and generation of the next block.
In fact, the original English version of the Bitcoin white paper does not appear in the word blockchain, but uses chain of blocks. In the earliest Chinese translation of the Bitcoin white paper, chain of blocks was translated into blockchain. This is the earliest time when the Chinese word "blockchain" appeared.
(1) Blockchain is a trust mechanism for building future social governance. Extended reading
Blockchain has potentially huge application value in financial fields such as international exchange, letters of credit, equity registration and stock exchanges. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby greatly reducing costs and quickly completing transaction payments.
For example, Visa launched Visa B2B Connect based on blockchain technology, which can provide institutions with a lower-cost, faster and safer cross-border payment method to process business-to-business transactions worldwide. .
Be aware that traditional cross-border payments require 3-5 days of waiting and a 1-3% transaction fee. Visa also launched the first Bitcoin debit card in conjunction with Coinbase, and Citibank is testing the cryptocurrency Citicoin on the blockchain.
II What is blockchain in simple terms
Blockchain is a term in the field of information technology. Essentially, it is a shared database. The data or information stored in it has the characteristics of "unforgeability", "whole process traceability", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid foundation of "trust" and created a reliable "cooperation" mechanism, which has broad application prospects.
On January 10, 2019, the Cyberspace Administration of China issued the "Blockchain Information Service Management Regulations". Blockchain has entered the public eye and become the focus of society. From a technological perspective, blockchain involves many technological issues such as mathematics, cryptography, the Internet, and computer programming.
Extended information:
From an application perspective, in short, blockchain is a distributed shared ledger and database, which is decentralized, non-tampering, traceable, traceable, and collective. maintain, open and transparent characteristics. These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for establishing trust in the blockchain. The rich application scenarios of blockchain are basically based on the fact that blockchain can solve the problem of information asymmetry and achieve cooperation, trust and coordinated action among multiple entities.
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. Essentially, it is a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of data blocks associated with cryptographic methods. Each data block contains a batch of Bitcoin network transaction information to verify the validity of its information (anti-counterfeiting) and generate the next data block [8]. In fact, the word blockchain does not appear in the original English Bitcoin white paper, but blockchain. In the Chinese translation of the earliest Bitcoin white paper [9], blockchain was translated into blockchain language. This is the earliest time when the Chinese word "blockchain" appeared.
Ⅲ What is the impact and significance of blockchain technology on society
On the morning of November 8, 2019, the 2019 Trusted Blockchain Summit opened in Beijing. Wang Xinzhe, chief economist of the Ministry of Industry and Information Technology, and Shang Bing, chairman of the Internet Society of China, attended the opening ceremony of the summit and delivered speeches.
Wang Xinzhe pointed out that a new round of scientific and technological revolution and industrial transformation characterized by accelerated innovation and integration of information technology is booming. Blockchain technology is important for promoting high-quality economic development, improving national governance systems and The modernization level of governance capabilities is of great significance.
(3) Blockchain is a trust mechanism to build future social governance. Further reading:
Wang Xinzhe emphasized that the Ministry of Industry and Information Technology attaches great importance to blockchain We support the development of the blockchain technology industry by creating a good development environment, guiding local governments to accelerate the pace of exploration, supporting breakthroughs in key core technologies, promoting the implementation of industry applications, and building a complete standard system to support the development of the blockchain technology industry and consolidate the development of China's blockchain technology industry. The foundation for the development of the blockchain field.
The Ministry of Industry and Information Technology will accelerate the innovative development of the blockchain technology industry, vigorously promote the deep integration of blockchain and economy and society, and give full play to the role of blockchain technology in driving technological breakthroughs, driving economic development, and promoting It plays a strategic role in improving people's livelihood and promoting social progress, and makes positive contributions to the realization of the "Two Centenary Goals" and the Chinese Dream of the great rejuvenation of the Chinese nation.
IV How important is blockchain
With its exquisite design concepts and thinking, blockchain can promote the reconstruction of rule systems in economic and social related fields and change the relationship between people and people. Collaborative relationships and benefit distribution mechanisms with organizations, organizations and organizations; at the same time, blockchain technology can effectively solve the "double spend problem", that is, to prevent the same digital asset from being reused due to improper operations.
This is a solution to the problem of digital assetRights and transaction circulation provide solutions that can break through issues such as digital asset rights confirmation and double spending that restrict digital development, and build new production relations that adapt to the development of the digital economy. This has become the most important value of blockchain technology.
01 Reduce transaction intermediate links and promote cost reduction and efficiency improvement
There are a large number of rent-seeking intermediary organizations in various fields of economic and social life. Some of these organizations do not create real value, but only seek profits through the monopoly of business information or data. , artificially increasing unnecessary transaction links and costs.
Through the innovative application of blockchain, a self-organizing mechanism for economic behavior based on technology can be built to replace the business role of some intermediaries, which can greatly improve data acquisition. , consensus formation, accounting and reconciliation, and value transfer efficiency, further open up the upstream and downstream industrial chains, significantly reduce unnecessary intermediary organizations and intermediate links, improve the efficiency of effective docking of supply and demand in various industries, reduce the burden on the public and commercial entities, and promote The real economy reduces costs and increases efficiency.
02 Help confirm the rights of digital assets and stimulate innovation vitality
In the era of digital economy , data resources are becoming more and more important. In 2019, my country has officially regarded data as one of the seven production factors as important as labor, capital, land, knowledge, technology, and management, and has promoted the establishment of a data factor market system.
However, due to the difficulty in confirming data rights, tracing back, and dividing interests, data cannot yet achieve efficient market-oriented allocation and orderly circulation, seriously restricting the development of the digital economy. develop.
Distributed, non-tamperable, traceable, With features such as transparency, multi-party maintenance, and cross-validation, data ownership can be effectively defined, data circulation can be tracked and supervised, and data revenue can be reasonably shared, removing obstacles to the efficient market-oriented allocation of data production factors and other digital assets. It is expected that Reversing the current trend of increasing centralization of data ownership, use and benefit distribution, promote the entire society and digital economy to develop in a more trustworthy, shared, and balanced direction, and further release the innovation vitality of the digital economy.
03 Shortening the distance of trust and expanding the space for collaboration
Modern human lifestyle The changes and progress are all directly related to the development of science and technologyRelationship. Scientific and technological revolutions always dialectically expand the territory of human activities while shortening the distance between them. Every major technological change is always accompanied by the collapse of "distance" in some sense, thus bringing convenience to people.
For example, the invention of transportation has expanded the radius of human activities and shortened the geographical distance between people; the invention of communication tools has expanded the radius of human "conversation" The physical distance has been shortened; the invention of the Internet has expanded the radius of human access to information and shortened the distance of information; the invention of artificial intelligence has expanded the radius of cognition and shortened the distance of cognition of the world.
Blockchain shortens the distance of trust
Today, blockchain has brought us a new radius expansion. Blockchain can form a trust mechanism based on cryptographic algorithms without relying on authoritative centers and market environments, allowing strangers who are thousands of miles apart, have never met or even never met to establish a trust relationship, expanding the radius of human trust, thus making strangers Cooperation becomes possible.
Especially in some regions and fields with imperfect market mechanisms and lack of credit systems, the value of blockchain technology is even more precious. Blockchain technology enables strangers to establish production relationships based on technical constraints, making it possible to carry out business cooperation in unfamiliar environments, and is expected to inspire a series of new business models.
04 Driving the Internet Revolution and Accelerating Value Delivery
The first 20 years of the 21st century , human society has experienced the comprehensive baptism and reconstruction of the Internet. "Internet +" has brought about earth-shaking changes in related industries and fields. People's lives have become more convenient because of the Internet, economic activities have become more active because of the Internet, and society has become more fair and open because of the Internet. .
However, the Internet mainly solves the problem of dissemination of information. It is difficult to judge the authenticity of information content, and there are still many constraints and obstacles to the transfer of digital assets. While the Internet brings great convenience, it is also filled with more and more false information, and has even become a hotbed for various new types of fraud. While people are becoming more and more dependent on the Internet, they are also increasingly wary of the Internet.
Based on blockchain technology, the next generation of reliable technology based on technical constraints can be built. Trusting the Internet and solving the trust problem of strangers on the traditional Internet will allow digital assets to circulate efficiently on the Internet. Blockchain technology can effectively protect digital assets and knowledge on the InternetProperty rights and asset transactions between people will be as convenient as sending emails. People will put down their guard against the highly dependent Internet because of the innovation of blockchain technology, and the Internet will give birth to more valuable applications.
05 Strengthen the constraints of the integrity system and purify the market environment
Blockchain is a Trust the machine. By promoting the deep integration of blockchain and the real economy, a market environment that is convenient, efficient, fair, competitive, stable and transparent can be created. The technical characteristics of blockchain technology that cannot be tampered with and are traceable can play a very important role in the innovation of trust mechanisms in regions and fields with imperfect market mechanisms and incomplete credit systems.
Under the traditional model, market supervision requires a heavy workload and is difficult to implement. Due to insufficient administrative law enforcement resources and regulatory means, it is widely hated by the public. The phenomena of laobao, counterfeit products and fraudulent behaviors are repeated and difficult to eradicate.
Blockchain technology can be formed without the need for intermediaries and laws and regulations. The conditional self-organization and self-supervision mechanism, and the non-tampering, non-repudiation, and non-manipulability of the distributed ledger actually play a role in technical supervision of various economic behaviors.
This will help solve problems such as difficulty in loan financing for small and medium-sized enterprises and difficulties in bank risk control; by recording the entire product production and transaction circulation process, it can significantly reduce the risk of counterfeiting, Various market frauds such as shoddy goods are used to solve problems such as difficulty in market supervision.
[This article comes from the "Popular Reader on Frontier Hot Technologies in the Information Field" published by People's Publishing House]
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IV In traditional grassroots governance, the lack of joint participation in inquiry and supervision by various entities such as the social organization market will inevitably lead to the government
Question type: Multiple choice questions (divided Values: 1) 41. In traditional grassroots governance, the lack of joint participation, inquiry and supervision of social organizations, markets and other subjects will inevitably lead to problems such as the decline of government public service capabilities, power monopoly and abuse, and easily weaken public trust. , triggering a crisis of social trust. Blockchain technology is based on the intermediary trust mechanism, consensus mechanism, and coordination and sharing mechanism, and is suitable for scenarios where multi-links, multi-party collaborative participation, and mutual distrust occur. Trust is the basis for cooperation between multiple entities in grassroots collaborative governance and the construction of mutual trust rules. The algorithmic trust mechanism of blockchain is consistent with the value pursuit of "publicity + trust" in grassroots social governance. With the help of blockchain technology, we can promote the transformation of bilateral trust in the governance ecosystem to multilateral trust and social trust, breaking through the traditional national governance system.The cognitive solidification and thinking rigidity caused by the system. This paragraph is intended to emphasize: A. A sound trust mechanism is a condition for grassroots collaborative governance B. Blockchain technology helps promote grassroots governance reform C. The application of blockchain technology can enhance government credibility D. Governance ecology is inseparable Collaboration among multiple social subjects Answer: B Analysis: The first step is to analyze the passage. The article first raises questions to illustrate various problems existing in traditional grassroots governance. Then he introduced the characteristics and functions of blockchain technology, which highlighted the consistency between the algorithmic trust mechanism of blockchain and the pursuit of the value of "publicity + trust" in grassroots social governance. Finally, countermeasures are proposed, that is, the use of blockchain technology can promote the transformation of trust in the governance ecology and break through the cognitive solidification and rigid thinking of the traditional national governance system. The strategy sentence at the end of the paragraph is the key point. The second step is to compare options. Item B is a summary of the countermeasures, which is in line with the purpose of the paragraph. Therefore, choose option B. Key Points: Item A: It does not reflect the topic word "blockchain" in the paragraph, which is not the focus. Item C: Only mentions "improving credibility", and credibility is only one aspect of the problem, and the statement is one-sided. Item D: non-paragraph countermeasures, and does not reflect the main topic of the paragraph "blockchain and grassroots governance".
VI Use political life knowledge to explain how blockchain empowers social governance
Blockchain technology can make citizens’ political participation more convenient and smooth. This protects citizens’ rights to know, participate, express and supervise.
Blockchain technology can facilitate the government to accept supervision, create a sunshine government, and safeguard the interests of the people.
It enables decision-making organs to master sufficient public opinion information to make scientific and democratic decisions.
Blockchain technology can promote the modernization of national governance systems and governance capabilities.
It is not easy to summarize, I hope you will adopt it.
Ⅶ WeBank: The new mission of blockchain in the future is to build an ESG trusted infrastructure for the whole society
ESG is a hot topic at present. How does ESG interact with blockchain? Combination is also the forefront of exploration in the financial field.
On the afternoon of April 27, Ma Zhitao, Vice President of WeBank, said at the WeBank blockchain brand new launch conference that in the field of ESG, with the high-quality development of society in the future, some new The appeal plays a very critical role in how ESG is implemented.
In Ma Zhitao’s view, the first is the need for trusted data and privacy protection. Because there are many roles involved in ESG applications, the data involved may also be very sensitive. In addition, data compliance requirements are getting higher and higher, and data collection is becoming more and more difficult. Therefore, higher requirements for data privacy and data authority are required. requirements, and naturally put forward higher requirements for how technology can implement ESG applications.
The second aspect is trusted collaboration and incentive mechanisms. “The application of ESG involves many different roles. Only with these mechanisms can we stimulate more public participation, recognition, and trust.. Very importantly, ESG will also require higher credible governance, through penetrating supervision and transparent governance, to reduce compliance and audit risks. ”
Based on this, Ma Zhitao believes that many of the demands put forward by these ESG applications can really be met by the characteristics of blockchain technology. These include multi-party consensus, privacy protection, trustworthiness, etc. Verification, incentive compatibility, and full accountability are some of the characteristics of blockchain technology itself, which are highly consistent with some of the needs of ESG applications.
Ma Zhitao said frankly that the new mission of blockchain in the future should be It is to build an ESG trusted infrastructure for the whole society to promote fair and sustainable development. WeBank has also continued to invest in this field.
Vice President of Distributed Business Technology Development Department of WeBank Manager Fan Ruibin further analyzed and pointed out that ESG is often a scenario of multi-party collaboration. In the process, it is necessary to be transparent and credible, and to protect many participants and credible governance. In addition, many current ESG applications are isolated, fragmented, and related. The information is also scattered in different applications and different places. Distributed digital identity technology is needed to collect the scattered information to form a more complete information view and explore ESG applications more quickly.
“It is necessary to integrate key common technologies commonly used in the ESG field to form a richer and more flexible application framework. It is hoped that through these efforts, a solid technical foundation will be laid for the development of ESG. " Fan Ruibin said.
In addition, Fan Ruibin believes that blockchain will have many application scenarios in ESG in the future. "In the past period of time, we can see that the entire industry attaches great importance to industrial digitalization, but However, ESG has been ignored. This is not a healthy and sustainable development trend. Therefore, it is necessary to promote the implementation of a series of ESG applications such as rural revitalization, carbon neutrality, integration of the Guangdong-Hong Kong-Macao Greater Bay Area, and social public services. ”
Fan Ruibin gave an example that in the field of carbon neutrality, blockchain technology can be used, combined with a separate governance framework, to build a multi-party collaboration network and a value delivery network to motivate more individuals and Enterprises can participate in this environmental protection to help double carbon.
In terms of rural revitalization, Fan Ruibin frankly said that blockchain technology can be used, combined with 5G Internet of Things, to build a traceability platform, which can not only promote Trust between consumers and agricultural products can also promote trust between partners in agricultural enterprises and financial institutions.
In addition, regarding the construction of regional integration, Fan Ruibin pointed out that in the integration of the Greater Bay Area, As well as social and public services, blockchain can be used to build it in combination with the DDTP distributed data transmission protocol, so that users can independently drive the data submission and verification mechanism, thereby solving the legal cross-border flow of data and promoting the Greater Bay Area.It can promote the integrated development of the region and at the same time promote the wider practice of the right to portability of personal information in the field of social and public services.
“In order to better promote the development of ESG, Weizhong Blockchain will focus on key technical capabilities such as privacy computing, trusted governance, and distributed digital identity, and develop an ESG application framework to achieve faster and more efficient Promote the implementation of ESG-related businesses in an efficient way. Through the open source ecosystem, more forces will be connected to promote the development of ESG industry applications, and efforts will be made to cultivate blockchain + ESG compound talents." Fan Ruibin said.
Public information shows that WeBank began to deploy blockchain in 2015, and in 2016 it took the lead in launching the first domestic blockchain alliance in the financial industry - Golden Chain Alliance. In 2017, WeBank realized the independent security and controllability of blockchain technology, and made the underlying blockchain platform FISCO BCOS, which it took the lead in research and development, completely open source.
ⅧThe future of blockchain is a major trend
Blockchain uses P2P technology, cryptography and consensus algorithms and other technologies, with the characteristics of data non-tampering, collective system maintenance, and information openness and transparency and other characteristics. Blockchain provides a mechanism for information and value transfer and exchange in an untrusted environment, and is the cornerstone of building the future value Internet.
Trend 1: The application of blockchain industry is accelerating, penetrating and spreading from digital currency to non-financial fields
As a universal technology, blockchain technology has expanded from digital currency to non-financial fields. Accelerate penetration into other fields and integrate innovatively with all walks of life. We believe that future blockchain applications will be driven by two camps. On the one hand, the IT camp starts with information sharing and focuses on establishing credit at low cost, gradually covering areas such as digital assets. On the other hand, the cryptocurrency camp starts from currency and gradually advances to the fields of asset management and certificate depository, and spreads to credit reporting and general information sharing applications.
Trend 2: Enterprise application is the main battlefield of blockchain, and alliance chain/private chain will become the mainstream direction
At present, the actual application of enterprises is concentrated in the field of digital currency, which belongs to virtual economy. We believe that future blockchain applications will move from virtual reality to reality. More traditional enterprises will use blockchain technology to reduce costs, improve collaboration efficiency, and stimulate the growth of the real economy. This will be the main battlefield for blockchain applications in the future.
Unlike public chains, in enterprise-level applications, everyone pays more attention to factors such as blockchain control, regulatory compliance, performance, and security. Therefore, we believe that strong management blockchain deployment models such as alliance chains and private chains are more suitable for enterprises to use in application implementation, and are the mainstream technology direction for enterprise-level applications.
Trend 3: Applications have spawned diversified technical solutions, and the performance of blockchain will not be the same.Continuously optimized
In the future, blockchain applications will develop from single to multiple directions. Different applications such as billing, payment, insurance, and supply chain will be highly differentiated in multiple dimensions such as real-time, high concurrency, latency, and throughput. This will lead to a diverse range of technological solutions. We believe that blockchain technology is far from finalized and will continue to evolve in the future. There is room for efficiency improvement in technical aspects such as consensus algorithms, service sharding, processing methods, and organizational forms.
Trend 4: Blockchain and cloud computing are increasingly integrated, and BaaS is expected to become a public trust infrastructure
Cloud computing is the general trend. We believe that the combination of blockchain and cloud is also an inevitable trend. There are two models for the combination of blockchain and cloud, one is blockchain on the cloud, and the other is blockchain in the cloud. The latter one, namely BaaS, Blockchain-as-a-Service, refers to the cloud service provider directly providing blockchain as a service to users. In the future, cloud service companies will increasingly integrate blockchain technology into the cloud computing ecological environment. By providing BaaS functions, they can effectively reduce the deployment cost of enterprise application blockchain and lower the initial threshold for innovation and entrepreneurship.
Trend 5: Blockchain security issues are becoming increasingly prominent, and security protection requires overall technical and management considerations
From a mathematical perspective, the blockchain system is almost perfect. It has the advantages of openness and transparency, difficulty in tampering, reliable encryption, and resistance to DDoS attacks. However, from an engineering perspective, its security is still restricted by infrastructure, system design, operation management, privacy protection, and technology update iterations. In the future, we need to consider the overall situation in terms of technology and management, and strengthen basic research and overall protection to ensure application security.
Trend 6: The cross-chain demand for blockchain is increasing, and the importance of interconnection is highlighted
With the deepening of blockchain applications, payment and settlement, logistics traceability, medical records Enterprises or industries in areas such as identity verification and identity verification will establish their own blockchain systems. We believe that cross-chain collaboration and interoperability among these numerous blockchain systems is an inevitable trend in the future. It can be said that cross-chain technology is the key to blockchain realizing the Internet of Value, and the interconnection of blockchains will become an increasingly important issue.
Trend 7: Blockchain competition is becoming increasingly fierce, and patent competition has become an important area of competition
As the number of participating entities increases, blockchain competition will become increasingly fierce. Competition is all-round, including technology, models, patents and other dimensions. We believe that in the future, companies will strengthen their layout in blockchain patents. Since 2014, the number of blockchain patent applications has exploded. Blockchain patents are mainly distributed in the United States in North America, the United Kingdom in Europe, and China and South Korea in Asia. This pattern will be maintained in the future. The patent gap between China and the United States is narrowing, and China’s number of applications in 2016 has surpassed that of the United States. It is foreseeable that the competition for blockchain patents will become increasingly fierce in the future.
Trend 8: Blockchain investment continues to be popular, and the cumulative risks of the token crowdfunding model deserve attention
Blockchain has become a hot spot pursued by the capital market. Future investment will continue the rising trend from 2014 to 2016. Different from financing models in other technology fields, a model called "token crowdfunding" has emerged in the blockchain field, namely Initial Coin Offering (ICO), which is a type of crowdfunding for startups to issue tokens and raise funds. Way. As the transaction volume of token crowdfunding increases, risks such as lack of review, huge value fluctuations, and being on the edge of regulation for many projects will increase, which deserves attention. This afternoon, a group of friends chatted with me privately and asked about the so-called golden chain, which needs to rely on the model of 1 pass 2, 2 pass 4, 4 pass 16 to obtain income. This is an obvious pyramid scheme to attract people, but there are still many people who just Friends who have entered the currency circle and have just learned about blockchain will be deceived. I hope they can understand the essence and be responsible for their own funds!
Trend 9: Blockchain technology and supervision are in conflict, but the contradiction is expected to be further reconciled
The decentralization, disintermediation and anonymity of blockchain are in line with its tradition The corporate management and government regulatory systems are not coordinated. But we should also see the opportunities that blockchain brings to supervision. We believe that in the future, companies will actively cater to regulatory needs and proactively build in regulatory requirements in technical solutions and model designs. They will not only achieve compliant operations, but also significantly save the cost of regulatory compliance. We also believe that in the future, regulatory authorities around the world will also embrace blockchain, a new regulatory technology, and use new technology to improve government regulatory efficiency.
Trend 10: Trustworthiness is the core requirement of blockchain, and the importance of standards and specifications is becoming increasingly prominent
In the future value delivery network based on blockchain, We will use algorithms and software entirely to build a foundation of trust. But we believe that this is far from enough. Standards are also needed to add credibility to the blockchain. In the future, blockchain standards will start from the user's perspective and be business-oriented, standardizing the technology and governance of blockchain from the dimensions of smart contracts, consensus mechanisms, private key security, permission management, etc., and enhancing the efficiency of blockchain. The degree of credibility adds weight to the trust of the blockchain.
Summary
The above are the top ten trends summarized. To summarize, there are four points: First, blockchain is the foundation of the value network and has gradually become an indispensable part of the future Internet. Second, as application scenarios become increasingly abundant, applications will drive the continuous improvement of blockchain technology, and the integration of blockchain and cloud will become increasingly closer. Third, although the blockchain is mathematically complete, there are also security issues. In the future, security needs to be strengthened from the engineering and management levels, and standards are also needed to improve credibility. Fourth, blockchain technology will gradually adapt to regulatory policy requirements in the future and gradually become an important tool for regulatory technology.
