Three question blockchain

Wed Mar 28 16:16:24 CST 2018

Question 1: Will the blockchain become a new outlet?

Blockchains are in the ascendant and are gaining support from the government and the market, policies, and funds. They are also known by some people in the industry as new outlets. However, many viewpoints tend to be consistent: at the current stage of its early development, on the one hand, Open attitude and development vision; on the one hand, we must also guard against capital market speculation

“The blockchain has indeed surpassed the previous information and communication technologies in some aspects. In the past, the advantage of the Internet was the efficient transmission of information, and information could be copied and pasted and spread at the same time. But just as money can only be transferred to one person at a time. The 'value' of money and money is obviously only one-way and single-point transmission. Therefore, the traditional Internet is not good at transmitting value," said Yu Jianing, director of the Industrial Economic Research Institute of the Information Center of the Ministry of Industry and Information Technology.

"The blockchain solves the problem of completeness, truthfulness, and uniqueness in the value transmission process to a certain extent, reduces the risk of value transmission, and improves the transmission efficiency, thus meeting the current 'information Internet' upgrade to the 'value Internet'." Jia Ning also said

Currently, the blockchain is in the early stages of development. It also has a transmission value attribute, and it also attracts some applications that are not focused on the technology itself. For example, they are keen to stir up so-called 1C0 (first-money issuance) and other fund-raising activities. Not conducive to its long-term development. In September 2017, the 7th department issued the “Announcement on Prevention of Financing Issuance Financing Risks”, referring to brutal growth of token financing.

“Most of the application of blockchain is currently just an idea. In this period, we must especially guard against excessive speculation in the capital market,” said Zhang Wei, an associate researcher at Tsinghua University.

Question two: Is the blockchain disruptive?

The Internet is a great revolution. Since its birth, people have constantly refreshed their imaginations and transformed the world. For the emergence of the blockchain, some people have said that an era of true trust has begun. Some people have said that an era of subversion has begun. Some people even call the Internet before the blockchain a classical Internet.

"It should be regarded as the Internet itself is improving functions and iteratively upgrading." Yu Jianing said that blockchain technology can solve the long-term problem of unordered data dissemination, authenticity, and lack of trust in the Internet, but blockchain Still based on the Internet, it is through technological changes to solve credit problems. Through the "transaction chain" to realize the efficient transmission of value on the Internet

"The so-called subversion is relative, and decentralization is also relative. The blockchain has its own characteristics such as decentralization and deintermediation. It will give areas of logistics, supply chain, finance, and traceability where there are problems of trust and information falsification. The opportunity to change will bring some impact to some third-party trading, credit, and verification platforms. However, even under the decentralized framework, it still requires practical credit media and carriers to set up and enrich application scenarios. The application and development of all aspects of the blockchain.” said Zhang Chao, Executive Director of China QR Registration and Certification Center.

"Whether from the perspective of the human society or the development of the Internet, if a technology can reduce costs and increase efficiency, it will naturally achieve the survival of the fittest and bring about subversive impact." Zhang Wei said, but the current blockchain technology itself It is not mature enough, such as a long time to generate blocks, a large scale of storage, etc. The future depends on whether the calculation speed, encryption method, infrastructure construction, etc. will achieve breakthroughs.

At the beginning of the development of the blockchain, on the one hand, the market needs to be fully brewed, and on the other hand, the government needs to follow the trend. “The blockchain may pose some challenges to the current laws and regulations, especially in the financial field. We don't have to predict its future, but we must do process supervision.” said Zhang Ye, director of the China Securities Regulatory Commission’s information center.

Question 3: How does the blockchain relate to you and me?

With the birth of new generations of new technologies on the Internet, the popularity of new applications has fallen on ordinary people. The experience may be more convenient, faster, and safer. Once the infrastructure is set up, it will not even feel the existence of technology. , such as e-shopping, mobile payments, etc., have become the necessities of life.

According to the expected application of the blockchain, it may be that cross-border shopping is faster, transaction risks are greatly reduced, piracy is greatly reduced, and a series of cumbersome personal certificates are no longer required, while blockchain and industrial Internet, Internet of Things, Artificial intelligence and other fusion will be worth looking forward to

The blockchain creates conditions for the realization of smart contracts. For example, according to the agreement, aircraft delay can be compensated, but it requires complicated procedures such as application and auditing, and smart contracts under blockchain support can be automatically executed in the event of a delay. , this efficiency improvement may completely change the status of contract implementation in many areas

For another example, the blockchain may make the sharing economy truly usher in the spring. In the combination with the Internet of Things, after solving the trust problem, each company’s plant, equipment, everyone’s car, and electric vehicle charging pile can be in the block. Under the chain application, take it out and share it, reduce the operating cost of the entire society

History is filled with stories of new technologies. In other words, everything depends on future development. Both the blockchain and the evolution of other technologies are full of opportunities and challenges as well as endless possibilities. For example, in terms of security, many experts mentioned quantum technology. Although it is still in the research stage, the changes brought about by encryption based on quantum entanglement are doomed to be huge and profound.