企业用不到区块链怎么办,企业用不到区块链的原因

区块链技术在现今的社会中越来越受到重视，它可以帮助企业构建安全、可信的数据管理系统，提高企业的运营效率。但是，有时候，企业用不到区块链，本文将拓展三个相关关键词，分别为：企业安全性、企业成本、企业技术水平。

企业安全性：企业安全性是企业用不到区块链的一个重要原因。区块链技术的安全性很高，它可以有效地防止数据泄漏、篡改和伪造，但是如果企业的安全性已经达到了一定的水平，它就不需要再使用区块链技术来提高安全性了。

企业成本：企业成本也是企业用不到区块链的一个原因。区块链技术的实施和维护需要花费一定的成本，这可能会使企业负担过重。如果企业的现有技术已经能够满足企业的业务需求，它就没有必要再增加成本来使用区块链技术。

企业技术水平：企业技术水平也是企业用不到区块链的一个原因。区块链技术的实施和维护需要一定的技术水平，如果企业的技术水平不够，它就不能正确地使用区块链技术，这样就会降低安全性和效率，因此企业就没有必要使用区块链技术。

总之，企业用不到区块链的原因可能是企业安全性、企业成本和企业技术水平。如果企业的安全性、成本和技术水平都达到了一定的水平，它就不需要使用区块链技术了。

1. What is blockchain and what is its practical significance for enterprises?

Enterprises can use "blockchain+" to accelerate digital transformation, promote changes in corporate organizational methods, and strengthen New development models such as socialization and collaboration promote finance to serve the real economy more accurately. Enterprises are not only expected to escape from survival difficulties, but also may enter the "second curve" of innovative development and find new growth space. In order to satisfy the public's learning about blockchain knowledge, online live classes are currently launched, you can learn about it.

2. Whether blockchain and other technologies can be applied to the development of enterprises

On May 31, the State Council issued the "Notice on Issuing a Package of Policy Measures to Solidly Stabilize the Economy." The notice proposes to promote the standardized and healthy development of the platform economy. Platform companies are encouraged to accelerate technological research and development breakthroughs in areas such as artificial intelligence, cloud computing, blockchain, operating systems, and processors.
Based on "blockchain + judicial + application", by deeply cultivating the underlying technology of blockchain and expanding judicial service capabilities, Baoquan has successfully created a one-stop service platform for blockchain applications, providing " The four innovative products and services of electronic data storage, electronic contracting, Internet justice, and originality protection can effectively solve the pain points of traditional business cooperation and judicial rights protection, completely transform the traditional business model, and create a new digital business infrastructure.
In the field of electronic data storage, Yibaoquan's "Preservation Chain" is based on blockchain technology and synchronizes multiple judicial institutions such as notary offices, arbitration committees, and courts, which can effectively solve the "difficulty in obtaining evidence" and "difficulty in obtaining evidence" of electronic data. Pain points such as "difficulty in dispute resolution" and "difficulty in evidence management" turn electronic data into effective electronic evidence.
In the field of electronic signing, Yibaoquan's "Junzi Sign" can help enterprises and institutions solve the problems encountered in traditional paper contracts such as chaotic seal management, high operating costs, easy tampering of content, difficulty in contract search, and easy loss of documents. .
In the field of Internet justice, Yibaoquan's "Zhongzhengbao" can help notary institutions solve traditional notarization problems such as cumbersome procedures, inefficient processing, long on-site processing, and the inability to obtain customers in batches.
In the field of original protection, Yibaoquan's "micro-copyright" helps enterprises and individual users solve problems such as slow confirmation of rights, difficulty in monitoring, difficulty in obtaining evidence, difficulty in pursuing blame, and difficulty in safeguarding rights in the traditional copyright process.

3. Does blockchain need to be adopted by all companies in the supply chain?

Blockchain needs to be adopted by all companies in the supply chain. According to relevant public information, blockchain and supply chain are inseparable. Blockchain can play a role in the planning, procurement, manufacturing, delivery, and recycling of the supply chain. Therefore, blockchain needs to be adopted by all companies in the supply chain. of.

4. Is blockchain widely used in the enterprise service market?

As a distributed ledger structure, blockchain technology has the public characteristics of being irreversible and non-tamperable. It is not only In the financial field, in supply chain management, intelligent manufacturing, culture and entertainment, financial services, medical health, IP copyright, education, Internet of Things, sharing economy, communications, social management, charity, social employment, and e-government can all be widely used.
At present, domestic Internet and IT are involved in the blockchain industry, and are beginning to develop or launch a series of solutions for basic application cases. In the current development trend, integrating blockchain technology into smart life, Internet of Things and other fields, integrating massive physical business application scenarios, carrying out blockchain + physical industry projects, and realizing the physical transformation and upgrading of the physical industry are among the most promising. One of the representative blockchain application directions.

5. Has blockchain technology begun to be widely used in various enterprises?

Digital encryption technology is the key to the application and development of blockchain technology. Once the encryption method is cracked, the data security of the blockchain will be challenged, and the immutability of the blockchain will no longer exist.

Recently, Internet companies such as Xunlei and Renren have applied blockchain technology to their own technology or product systems. Meitu has also recently posted a recruitment blockchain Information from senior architects. In the U.S. stock market, companies such as Xunlei, Renren, and Meitu experienced surges.

6. Is this blockchain technology beginning to be widely used in various enterprises?

Yes, some enterprises have already applied blockchain technology in In operation. For example, medical care, logistics, blockchain personal identity information storage, etc.

7. What are the problems faced by enterprises in applying blockchain

1. What exactly do you want to accomplish?

Look carefully at your requirements and ask Ask yourself if you really need blockchain. Do you need additional guarantees for the protocol provided by the blockchain, or do you just need a distributed database?

2. How much do you trust your partners?

Untrusted business partners can severely impact blockchain projects. Moreover, they may also affect the blockchain’s proof-of-work or proof-of-stake.

3. How public or open do you need to be?

Who needs to participate in your blockchain? There is a continuum between public blockchains and Bitcoin or Ethereum, The smallest, most carefully controlled blockchain. I can imagine some special purpose public blockchains, such as power microgrids. I can imagine blockchain in financial services serving only a small group of partners and being private in nature. A blockchain that only serves one organization may look like a blockchain, but it has no value.

4. What are your data integration issues?

The biggest issue facing enterprise blockchain may not be the protocol, but integrating all the data used by blockchain participants Legacy data formats and data structures. Healthcare blockchain is a good example. There are hundreds of medical record formats in use, and any medical blockchain will have to do some extra work to handle them. Any blockchain that crosses enterprise boundaries (even enterprise boundariesBlockchains within the blockchain) all need to deal with data integration issues, and solving these problems may be more difficult than building the blockchain itself.

5. If you needed “miners”, who would they be and how would you compensate them?

In most current blockchains, including Bitcoin and In Ethereum, "miners" are all about validating the consistency of the blockchain and adding blocks. They won't do this work for free. Digital currency ICOs are extremely popular, and it's easy to pay miners with cryptocurrency (after all, that's what Bitcoin and Ethereum do), but it's hard to imagine enterprise blockchain projects doing the same.

6. What are your performance requirements? How will you meet them?

The Bitcoin and Ethereum blockchains currently process approximately 12 transactions per second. For many enterprise applications, this is too slow, by orders of magnitude. You need to think about what kind of performance you need, and how you're going to achieve it. There are many possible solutions, including Bitcoin’s Lightning Network, which replaces the computationally intensive “proof of work” performed by miners, and permissioned blockchains such as Hyperledger’s Fabric.

7. Are there any legal issues?

Recently, I saw several people asking whether blockchain applications can comply with GDPR (General Data Protection Regulation) and others Regulation. This is undoubtedly uncharted territory. I think the answer is that blockchain cannot comply; the answer will depend on the data you store in the blockchain, how the data is used, and how private or public the blockchain is.

8. How enterprises can build their own blockchain

Hello, thank you!

How can enterprises build their own blockchain?

With the popularity of various currency transactions, the development of the exchange industry has been driven. So as a novice who wants to cross industries, how to establish a blockchain exchange development company? Chainsoft Network summarizes the following points for you.

Please click to enter the picture description

1. Determine the operating scope of the exchange development company

Determine the company's The scope of operations is very important, as it determines whether the company has the potential to be profitable. Relevant laws and regulations vary from region to region every day, so the first step is to understand the local laws and regulations, and obtain the necessary licenses and approvals to open a Bitcoin exchange according to your scope of operations, to avoid violating local laws and regulations, and bring To cause unnecessary trouble.

2. Check the country’s regulations and compliance requirements

Almost all governments require entities involved in currency exchange businesses to comply with Know Your Customer (KYC) norms. KYC is the process by which businesses verify the identity of their customers through a government-issued ID card or passport. The main purpose here is to preventmoney laundering. Make sure to comply with your country’s KYC norms and integrate suitable customer verification procedures in your exchange.

3. Work with a bank or payment processor

You need to work with a bank or payment provider to process payments via fiat currency. You can choose a trustworthy bank with extensive online facilities.

4. Create liquidity on your exchange

Any exchange needs liquidity to operate successfully. Customers are hesitant to place an order or even deposit funds unless they see complete order and trading activity. New trading naturally encounters liquidity issues.

5. Ensure high-level security of trading and customer data

Any exchange development company needs top-notch security to ensure exchange operators and traders’ funds are maintained Safety. This should also apply to your customers’ private data, including their KYC details and bank account information. The Gox breach, a security flaw that went unnoticed for years, resulted in the theft of nearly 1% of all Bitcoins in circulation at the time. According to Chainsoft Network, one-third of all Bitcoin exchanges were hacked between 2009 and 2019. Therefore security must be your top priority in trading.

6. Establish customer support channels

Finally, customer support is another important component of a successful exchange. Staff are needed to approve KYC requests, answer customer complaints, process deposits and withdraw fiat currency, etc. A fast customer support mechanism ensures that your customers start trading from the day they sign up and generate revenue for your exchange.

I hope this helps you solve related problems. For more details, please feel free to consult and discuss!

9. New opportunities and challenges for blockchain enterprise applications

New opportunities and challenges for blockchain enterprise applications
New technologies come from existing technologies The combination of modules, once the power of the combination is superimposed, will stimulate exponential economic growth. Economy is an expression of technological evolution.

Blockchain is actually a combination of several technologies, including peer-to-peer communication (P2P), distributed ledgers (also known as distributed storage), asymmetric encryption, etc. Once these technologies are combined, they will have a great impact on some new business models and economic forms, and these impacts are being revealed - now the world has entered an era called global automation, which is the fourth stage of our current informatization. stage.
We can call the Internet era that began in the 1990s and continues to the era represented by social media such as Facebook the pre-Internet era, that is, the first half of the Internet economy. The core of the rules in this first half is to improve productivity. Many technologies do not actually change the shape of enterprises and the economy. They achieve economic leaps by improving productivity. Now the new rules are called the era of automated global network economy. The core of the rules is to enhance connections and improveProduction relations, such as the sharing economy that has opened up a new business form. However, the current form of the sharing economy is still an economic model built with centralized Internet companies as the core. The current shared bicycles and Didi are a one-way economic model. In fact, they do not feed back the growth and improvement of value to users.
The global era of automation not only requires productivity-enhancing technologies such as artificial intelligence, blockchain edge computing, etc., but more importantly, it requires a new model to improve production relations. Blockchain is actually such a new technology that can bring a new shift in business models to everyone.
So the future is here. Among the current eight core technologies, including blockchain, Internet of Things, augmented reality, virtual reality, artificial intelligence, robots, drones, 3D printing, etc., only blockchain has made improvements. Production relations, technologies that enhance connections.
Microsoft believes that technologies such as mixed reality, artificial intelligence and quantum computing are revolutionary new technologies that will continue to improve productivity in the future. But in fact, blockchain is not a new technology. It is just a combination of existing technologies. Its value lies in creating a trustworthy platform. As Alan Weber, founder of Fast Company, said: The new economy starts with technology and ends with trust.
In November 2015, the cover of The Economist magazine was called trustmachine, which is the machine of trust, the promise of blockchain. In fact, it is announced from this perspective: Blockchain technology is actually the core technology of the future Internet 3.0. This technology will gradually be transmitted to many aspects of the entire social and economic life through upper-layer applications, providing support for many business models, industry operations and governance systems. Bring innovation. Blockchain builds a new type of Internet with value as the core, rather than the old generation Internet with information as the core.
2 Blockchain+ vs. Internet+
Blockchain integrates trust mechanisms and technology and will bring great changes to the world.
In the Web 1.0 era before 2005, e-commerce portal entrepreneurs basically used a large portal to start their business in a one-to-many manner.
The Web 2.0 era is the era of social networks and sharing economy, but in this ecosystem, core enterprises are still centralized, monopolizing user relationships and large amounts of data, enjoying the value of user contributions, and deciding rules at will. In this case, the so-called Internet + is an information model that is harmful to traditional enterprises.
The Web 3.0 era is a new global sharing economy based on the blockchain value network. It is decentralized, so there will be no oligarchic monopoly on innovation, interactions will be more spontaneous, and the scope of collaboration will be wider. Extensive, the impact will be more comprehensive and deeper.
Therefore, the best way to digitally transform and upgrade traditional enterprises or industries is not Internet+, but Blockchain+. Because of each otherInternet+ still needs to rely on a centralized, classical Internet company. Although companies like Alibaba, Tencent, JD.com, and Xiaomi are now at their peak, they are still essentially centralized enterprises that formulate the rules of the game for the ecosystem and monopolize customer relationships and data.
We call blockchain+ web3.0, which actually has a higher dimension than traditional Internet companies and Internet ecological companies. When information was scarce in the past, it was necessary to build a hierarchical structure and center to improve the overall information transmission efficiency. But when there is enough information, the network of peer-to-peer relationships (P2P) will gradually replace it, and when these networks of peer-to-peer relationships are connected together, a high-dimensional additive value network can be formed. . Enterprises formed based on this network system are called consensus economic social enterprises.
The high-dimensional business model of blockchain+ has a stronger future-oriented imagination than the existing Internet ecosystem or companies such as Internet+ enterprises. Let’s review most traditional companies: One-dimensional companies are engaged in engineering, and their main business models are actually rent-seeking, resource monopoly, and customer relations; two-dimensional product companies have certain product development and marketing capabilities, but this Both are company forms in the industrial economy era. Its value curve is linear. If you invest one, you will get one, and if you invest ten, you will get ten. Therefore, a company like Jack Ma with a market value of hundreds of billions of dollars, in fact, due to so many years of accumulation, is actually in line with the traditional neoclassical economic growth pattern, and its marginal returns are diminishing.
At Sanwei Internet Service Company, due to the addition of online service dimensions, data value-added services began to be provided. Its core is low-cost customer coverage, which reduces the service cost to customers, so its adaptability can be higher than In two dimensions, the price-to-earnings ratio of a company in this form can be as high as more than twenty times. The third-dimensional company can further open up the API and allow third parties to develop more applications on its platform. At the same time, it can connect service providers and users to form an online market. This constitutes a platform company. Platform The company's price-to-earnings ratio can exceed forty times.
When platform companies further open up their capabilities, combine resources such as data network brands and users with investment services, and empower partners, they will become Internet ecological enterprises like BAT. This ecosystem The price-to-earnings ratio of Internet companies in a centralized cluster may even exceed 100 times.
This is why these companies are desperately advocating Internet +. In fact, Internet+ does not create new value for traditional companies. It just uses the method of attracting stars to attract all the data, customer relationship channels, etc. of traditional companies to Internet ecological companies. They only play a subversive role in traditional enterprises, but they do not create greater value for society. They are still a value ecosystem with their own enterprises as the core.
Everyone has contributed to Jack Ma’s company for so many years, and has continuously contributed so many transactions and data to support his corporate price-earnings ratio.. If you think this is not a particularly fair way, then we now have a new business model, which is blockchain. Through the blockchain + industry, an alliance ecosystem is formed, that is, the alliance chain. Even if it does not issue coins, it can have a higher dimension than existing Internet companies, because it is a cross-organization and cross-platform industry-oriented business processes, a secure distributed sharing, which will completely subvert the traditional enterprise ownership model.
The blockchain uses consensus mechanisms and beliefs to connect enterprises, which forms an industry chain, a decentralized social enterprise owned by the whole people, and can embed trust and security mechanisms without the need for a third party. In the autonomous agreement of the entire industry chain, the data of all relevant parties will be respected and protected on the chain. At the same time, if C-side users can be added in the future, and then through digital currencies, certificates or tokens, new business model dimensions can be added and greater value space can be opened up. That is to say, all businesses are combined with B2C business to form an industry palace for all employees.
This is what we call the bright future of the business model that blockchain 3.0 brings to everyone. It is completely based on a decentralized high-dimensional value network. I have listed for you some entrepreneurial project companies in this field, whether in distributed cloud storage, decentralized secure social networking, distributed identity management, distributed copyright and digital asset management, Internet of Things smart contracts, public governance There are many 3.0 creative innovation companies in fields such as anti-counterfeiting and anti-fraud, and digital market transaction prediction.
Three Opportunities and Challenges of Blockchain
Most of the projects currently implemented are relatively easy to combine finance and digital asset management due to the inherent properties of blockchain technology. However, in fact, we have also seen that traditional industries are also becoming more and more popular. There are more and more new opportunities to combine blockchain. This market will reach 176 billion US dollars by 2025, and will reach 3.1 trillion US dollars by 2030. This is actually a very, very huge number.
There are actually many strange entrepreneurial projects in China, but now the government has imposed some restrictions last year. However, in the future, the government will have some new compliance requirements for digital currencies, and will gradually relax restrictions on blockchain infrastructure.
2018 is a very critical year for enterprises to go online. This is equivalent to 20 years ago when you talked to companies about enterprise internet. It sounded like a fantasy and they didn’t know how to start. But those who started exploring the Internet for enterprises early were precisely the group of pioneers from around 1997 to 2000. They eventually became the trendsetters of the previous generation of classical Internet. Therefore, 2018 is a very critical opportunity for traditional enterprises.
The main application scenarios of blockchain + are actually nothing more than several areas based on the core technology of blockchain, such as digital identity management, digital asset management, development and deployment of distributed applications, and the development and deployment of smart contracts. Services, these four main application scenarios combine some characteristics of the industry to provide enterprises with services.Use grounded services.
Four Theoretical Pioneers of Blockchain
So enterprises need to fully refresh their understanding and upgrade the underlying commercial operating system in this round of opportunities. There are some disruptive innovations here, giving traditional industries and the public the opportunity to counterattack the classical Internet. I have listed a few books here. If you have time, you can read them and have a deeper understanding of blockchain. Although some of these books were written in the 1930s and 1970s, classics always have guiding significance.

The most famous is Schumpeter's theory of economic development. He believed that innovation is the fundamental cause of economic development.
Then Thomas Kuhn proposed that the technological paradigm revolution is not continuous. At a certain stage, it will cause a new revolution. When the revolution comes, many traditional enterprises will die, but at the same time new technologies will establish Business models and economic forms will explode.
Christensen’s main contribution is of great significance to how traditional enterprises can seize opportunities, avoid the innovator’s dilemma, and embrace new opportunities to achieve transformation and innovation.
The British management guru, Charles Handy, his current book is called "The Second Curve", which mainly talks about how traditional enterprises can achieve leapfrog and transformation with the help of technological innovation and business model innovation.
5 Crossing the Second Curve

In terms of crossing the second curve, Microsoft’s own experience and lessons are actually worth learning from. Everyone knows that Microsoft was the overlord of the PC era. At that time, 76% of the industry's profits were divided between Microsoft and Intel. However, it also fell into the innovator's dilemma. It was the success of the PC that caused Microsoft to miss out on the mobile Internet. The opportunity has allowed Apple and other companies to overtake it, but Microsoft has not missed the opportunity of cloud computing. Microsoft's early layout in AI has given Microsoft a great lead in the world's smart cloud and blockchain. These experiences and lessons can be summarized to help traditional enterprises achieve digital transformation.
Microsoft has seized opportunities in artificial intelligence-led cloud computing, blockchain IoT edge computing, and mixed reality. The second curve has been achieved, and Microsoft will have some new layouts in the future, such as quantum computing, etc., which are some of Microsoft's own successful experiences. Of course, there are some lessons from failure. In terms of mobile Internet, Microsoft also acquired Nokia. In fact, Nokia is not worth acquiring at all, because Nokia has not crossed from the first curve to the second curve. In terms of mobile Internet, Nokia will be ignored by outsiders. Companies that have never done mobile Internet are easily defeated.
This kind of digital transformation of the enterprise industry, or the conversion of old and new kinetic energy, mainly helps traditional enterprises connect with external entrepreneurs, incubate entrepreneurial projects through propositions, and achieve transformation and innovation. Therefore, a new type of enterprise outsourcing innovation is needed. Incubation method. Because if the company does its own incubation, it will still be tied to the business trajectory of the first curve, so it can only be incremental innovation to improve the effectiveness of existing products or services.Rate. For the second innovation, it needs to allow a certain space for trial and error, so it needs to use new methodologies to guide disruptive innovation.
It needs to be oriented towards value creation and growth, and cannot be tied to the current core business, because once tied to the current core business, all performance appraisal management mechanisms will fall into excessive path dependence, resulting in lock-in. In this case, it will not be able to jump out of the original business boundaries and will not be able to see changes in the external market. This is also the reason for Nokia's failure. Nokia strives for excellence in traditional mobile phones, and its management efficiency is very good. So when it was acquired by Microsoft, Nokia didn't know how it lost.
Nokia’s failure was actually due to its failure to see that disruption may not come from within your industry, but may also be intruders from the outside. That is to say, as said in "The Three-Body Problem": If I destroy you, it actually has nothing to do with you.
The second curve plan is to prevent traditional enterprises from falling into their own business development trajectories, so enterprises need transformation and customized accelerators to help them develop new business directions. And this requires a mechanism to guarantee, because the original internal incubation of enterprises comes from the internal organizational structure process, so we must use external incubation methods to directly recruit outside entrepreneurs to supplement fresh blood, and then achieve transformation and innovation through hybridization, and more importantly Focus on external markets and partners.
This will give entrepreneurs a great degree of freedom, and then encourage them with a high risk-reward ratio through the setting of company equity. As an enabler, the enterprise will provide business resources and start-up funds, but do not interfere too much in entrepreneurial projects. own operations and development. All companies need to do is observe, give feedback, and wait. If such a project can be incubated, it will be a great impetus for expanding corporate boundaries and activating corporate ecology.
Six application scenarios of blockchain
The following is a brief introduction to several blockchain application scenarios:

The first is blockchain + cross-border trade financial services. In fact, this involves many solutions, including exporters, importers, issuing banks issuing letters of credit (LoC), etc. These actually require a mechanism that can securely share data across agencies, organizations, and platforms. , and blockchain can just guarantee the realization of the solution. And through smart contract automation, when various conditions are met, clearing and settlement payments can be completed automatically without manual participation.
Cross-border trade finance involves many parties. If we follow the existing method, each party has its own system and some procedures need to be carried out repeatedly. Reconciliation needs to be confirmed by email and fax. It can take three to five weeks to complete a trade finance deal.
Now through the blockchain, all parties in trade finance can share the data on the ledger, and the member units of the alliance chain can be updated synchronously. The use of smart contracts can realize automatic and synchronous execution of multiple parties, so that end-to-end The end business process was shortened from three to five weeks to twoIt only takes three days, and can greatly simplify the operations that originally required repeated confirmation. It only takes about 5 steps to achieve a closed loop of trade finance.

Blockchain can also be used to improve medical and health services. Patients have certain rights to decide who to share their medical history and other information with, to what extent, for how long, etc. Blockchain can effectively solve problems that traditional, decentralized medical drug R&D, physical examinations and other institutional systems cannot solve. This requires the establishment of a personal health data bank.

Blockchain can also be used for cold chain logistics and end-to-end food safety traceability services. From the origin of food to slaughtering, processing, and transportation, all data parameters can be uploaded to the chain, which will provide an end-to-end security guarantee.
For example, the salmon in Norway is doing food safety traceability through a blockchain company, and in this process, because the data of all parties are on the chain, he can later pass Self-service smart contracts realize payment and settlement of supply chain finance based on event triggers, which greatly improves the efficiency of the entire supply chain.

Blockchain can also provide services in the education and employment markets. School research institutions, examination institutions, employers, and government departments can safely share students’ academic qualifications, certificates, papers and other data.

The most important thing is that blockchain can also realize P2P peer-to-peer, microgrid power trading or energy trading services. For example, during the renovation of the old city in Brooklyn, photovoltaic solar panels were added to the roofs of houses to generate electricity. The electricity generated is not sold to power energy companies, but is made into a microgrid in the community and then traded through virtual currency.
This model can be further expanded, and the solar energy produced on the roof can be further used as a distributed charging pile, and then internal household electricity, security electricity, smart door locks, etc. can be uploaded to this blockchain. Provide overall shared services.

10. The blockchain has been hyped so much that many companies may have been injured

The blockchain has been hyped so much that many companies may have been injured
According to CNBC, this week , at the Money 20/20 European fintech conference in Amsterdam, the Netherlands, I heard someone say that we are now in a blockchain hype cycle.
One representative said to another: "Whatever, let's call it a blockchain. That way, we'll get the money."
Whether it's a joke or not It doesn't matter if some people really think so. However, this statement highlights the reality that businesses large and small often use the term “blockchain” in the wrong way.
Blockchain is an accounting system for distributed storage of information. Its biggest feature is that it can establish a trust relationship without relying on the trust endorsement of a central platform in a network environment without a trust basis. Its practical application is from being a virtual currency.Coins started with Bitcoin. However, the application of blockchain technology is not limited to virtual currencies. Currently, blockchain technology has been applied to a certain extent in financial supervision, data sharing, Internet of Vehicles and other fields, as well as in many scenarios such as Internet finance, banking, insurance, supply chain finance, clearing and settlement centers, etc.

Some companies just jump into the blockchain hype bandwagon without any regard for the consequences.
Many industries have begun to adopt the principles of this technology and will use it to solve their own problems. Some companies have conducted successful experiments. Meanwhile, some companies are simply jumping on the blockchain hype bandwagon, regardless of the consequences. A venture capitalist once told me that a company pitched blockchain to him, but the company had no practical application of the technology. The start-up did not raise funding.
Sadly, what I have heard and said is true to some extent. Let’s take a look at those listed companies that have added blockchain elements and seen their share prices climb. Take Longfin, a fintech company listed on Nasdaq, which acquired blockchain solution service provider Zid, as an example. The stock price soared 2000%. Blockchain concept e-commerce Overstock.com announced a big step towards blockchain. Even Eastman Kodak Company, which has a history of more than 100 years, has joined the cryptocurrency carnival party and announced the launch of its own cryptocurrency "Kodak Coin" to create a new platform for digital photography. (To me, it’s absolutely crazy that a manufacturer and supplier of imaging products and related services would launch a cryptocurrency.)
Of course, there are some companies that are doing very well with blockchain technology. There is no denying that this technology is very promising. Both ING and Spanish bank BBVA have told me that they believe blockchain could be commonplace within the banking industry within five years.
Despite the growing optimism about blockchain, we must face reality as there are still barriers to adoption of this technology. One of the major concerns is whether blockchain can span different industries and businesses. Currently, one bank may be using a certain blockchain solution, while another enterprise may be using a completely different blockchain solution. It’s unclear whether different blockchains can work together.
Also, there is the question of whether certain programs require blockchain.
Including the word blockchain in company names for the purpose of raising stock prices or raising funds is similar to the practices of some companies during the Internet bubble. We all know how the dot-com bubble ended.
According to reports, in early March, Nouriel Roubini, a world-renowned economist and professor of economics at New York University’s Stern School of Business, pointed out that the blockchain technology behind cryptocurrency is “the most hyped ever. One of the most excessive technologies”.
In January, Credit Suisse pointed out in a report that the blockchain will not truly mature until 2025. In this blockbuster report on cryptocurrencies and blockchain, SwitzerlandXin divides the development of blockchain technology into seven stages, including "idea formation", "concept proof", "prototype", "experimentation", "production parallelization" and "production". Among them, 2025 after the seventh phase of "production" will be the time for mainstream society to adopt blockchain.
In other words, it is still too early for blockchain to truly mature.