The extended meaning of blockchain technology has gone far beyond the category of cryptocurrency. Blockchain allows people to build confidence in mutual cooperation without a central authority. Simply put, it is a machine that creates trust and an infrastructure for the transformation of the Internet into the Internet of Value.
The value brought by the technical characteristics of the blockchain: First, the decentralized distributed structure can save a lot of intermediary costs. It can be used in many traditional centralized fields to process some transactions originally represented by intermediaries, which greatly reduces transaction costs while improving transaction efficiency.
Second, the non-tamperable time stamp can solve the problem of data tracking and information anti-counterfeiting. Blockchain technology provides innovative means for our information anti-counterfeiting and data tracking. The data blocks in the blockchain are connected in sequence to form an immutable data chain. The timestamp attaches a set of unforgeable true labels to all transactions, which is very helpful for combating counterfeit and shoddy products in real life.
Third, blockchain helps to realize users’ control over data. In the traditional Internet, a large amount of user data is deposited on the platform of information service providers, and there are risks such as uncontrollable users and possible misuse of data. Blockchain technology allows users to upload, download, and store data independently, authorize the transaction of data, and track the source and purpose of the data throughout the process.
Fourth, it solves the key data protection and authorized access issues well. The hash algorithm of the underlying technology of the blockchain and the application of electronic signatures can well solve the prominent problems of information protection and authorized access in current information applications.
Fifth, flexible programmable features help standardize the existing market order. The market order in today’s society is still not standardized enough. For example, charitable donations are embezzled for other purposes, using the programmable feature of blockchain technology to embed a piece of code while transferring assets to specify the scope of future uses of assets, which will completely Solve the above problems.
The traditional Internet turns the atoms in the real world into bits, and digitizes various offline information and services to the Internet. For example, in the past, we needed to go to stores to buy physical records and cassettes to listen to music, but since the Internet has started to digitize music, we can listen to music directly through apps on mobile phones, and various new music business models have even emerged. These are completely different from the traditional recording industry.
In the process of digitization, one area that has not changed much is the asset area. Simply uploading information and services to the Internet still cannot solve most of the problems in reality. The blockchain technology allows us to realize the digitization of various assets, thereby further greatly improving social efficiency and creating a new ecology. Blockchain technology can realize the free division, low-cost confirmation and transfer of digital assets, which cannot be realized by the traditional Internet model.
The characteristics of the blockchain technology itself determine that it is the key to the confirmation, division, and transaction of digital assets, and it is the infrastructure for the establishment of production relations in the digital society.
Currently, the industry and users are somewhat confused about the blockchain. First, the cost of talents is high, the market demand is small, and enterprises in the industry do not know where to make money and how to survive. The value prospect of blockchain technology is affirmative, but the current industry practitioners have a lot of confusion, including some people from large companies, who were also very interested when they started their business, but now their confusion is how to use this technology Make money. There are also some practitioners who provide blockchain technology solutions, but the project amount is basically 100,000, 200,000, 300,000, and the overall operating income is relatively low. The salary cost of blockchain talents is very high, at least 3 to 4 times higher than software talents of the same level.
The current situation is that the company’s operating expenses are high, but the market demand has not entered the explosive period. How to survive has become the biggest confusion in the industry.
Second, what scenarios are very urgent and must be solved by blockchain? At present, many local governments are sorting out local blockchain policies and are committed to promoting the development of applications, such as Beijing, Shenzhen, Chongqing, Qingdao, Tianjin and other places.
Government customers and corporate customers, their current confusion is, what problem can blockchain solve me? In which areas are blockchains really needed that traditional information technology cannot solve? It seems that we have not found a very urgent scenario, which must be solved by the blockchain.
So, what is the future prospect of blockchain? Since 2018, CCID Blockchain Research Institute has conducted a series of evaluations, including the evaluation of public chains and permission chains, and the design of training programs. The direction of the plan for 2019 is to select excellent solutions and then jointly promote them to the market with providers of excellent solutions. After screening and analysis of customer needs, there are several directions that can be implemented quickly.
The first is supply chain finance, which enables the upstream and downstream core enterprises to reduce financing costs, improve efficiency, and reduce risks.
The second is the application related to deposit evidence, which is relatively mature. At present, the Beijing Internet Court has launched the Tianping Chain, and the Hangzhou Internet Court and Qingdao Arbitration Commission are exploring the application of evidence deposit. In addition, for traditional banks or Internet banks, one of their pain points is the contract signed on the Internet, such as some loan business, which has several characteristics: relatively small amount, large number of users, online application, they are now the most headache problem That is, at the end of the year, if Internet users do not return the money, what should the finances do? Because of the current online contract, the Internet court did not use it as evidence, which means that if the account cannot be paid by the customer, it cannot be processed at present. His current appeal is that this contract of mine can be used as evidence in a lawsuit, and eventually the money can be settled, otherwise the account will always be left there and cannot be processed.
The third is to solve the application scenarios of cross-system information sharing and exchange. Because safety, credibility and efficiency must be contradictory. The more complex your system, and the more stakeholders involved in the data process, the more suitable blockchain is to solve it. For example, our e-government information resource sharing, such as the medical and health field of each of us, such as the field of traceability, there are still many application scenarios in this direction.
The future of blockchain must be very bright. In the future, you will see more typical landing applications emerge.
