The blockchain forms a "consensus mechanism", which can solve the problem of information asymmetry of each subject in the "chain", and truly realize the transformation from "information internet" to "trust Internet".

There is a main common reason for many problems in China's economic development - too high transaction cost and too high risk of default! Blockchain distributed accounting will be the most direct and effective way to solve the trust problem. In the past, when banks lent to enterprises, there was no way to distinguish the authenticity of many links. For example, whether the accounts receivable vouchers provided by enterprises are true or false... However, blockchain distributed bookkeeping was introduced into supply chain finance, and the upstream suppliers of enterprises can directly provide "credit certificates" to banks. More importantly, blockchain can also find a place to play in the quality control of supply chain finance. " With distributed ledgers, suppliers at all levels of the enterprise can be open and transparent, and form a consensus mechanism for all parties to recognize and confirm their rights. The most important function of blockchain is to establish a value consensus, which is mainly based on "the ability of value quantification" and "the process of value security". First, the "value quantification ability": to describe one thing clearly in a digital way is a process of value quantification. The second is the "process of value security": after it is clearly described in a digital way, it is also necessary to protect the data from tampering and query anytime and anywhere. These two aspects are superimposed to form a value consensus. Therefore, blockchain will play a very important role in building data exchange mechanism and credit system.

This is due to the development of the industry.

Because an industry wants a healthy and benign development, it must bid farewell to the cloak of empty heads, and truly return to the industry itself.

This is actually what supervision needs to do.

But those blockchain projects that are overturned under supervision are mostly fake projects represented by speculation and ICO. How can projects that truly implement blockchain technology and applications be regulated?

In fact, there are certain similarities between the supervision of blockchain and the supervision of Internet finance.

One of the very important reasons why they are regulated is that they have done things that should not be done, which ultimately damages the rights and interests of users.

Therefore, supervision becomes a necessity.

When the supervision comes, what we see is that the development of the industry begins to change from fanaticism to calmness.

Calmness is normal, but not calm is abnormal.

Why do you say that?

Because calmness is the true state of the development of the blockchain industry.

Why do you say that?

Because the enthusiasm of the blockchain development we have seen does not arise because of the blockchain itself, but because of the application of the blockchain-digital currency.

However, if the digital currency is only the digital currency itself, and lacks the integration and connection with the real economy, the so-called digital currency may only have the meaning of labeling or symbolization, and nothing else.

Take Bitcoin, the originator of digital currency, as an example. Although Bitcoin is still popular around the world, and the price has repeatedly hit new highs; but, when Bitcoin is only Bitcoin itself, perhaps, it is only left at the end. Only collection value.

If you only limit the application of blockchain technology to the level of digital currency, and do not explore more applications of it, the value of a new technology with epoch-making significance will inevitably be greatly reduced.

If we want to maximize the functions and effects of blockchain technology, we must continue to expand its scope of application, especially to expand the scope of applications beyond digital currency.

In this case, what we see is the beginning of a new development represented by the landing and application of the blockchain.

More and more players are beginning to pour into the landing and application channels from the channel of speculation or ICO.

Originally, the channel for the landing and application of the blockchain was quite unobstructed, but when there were more people, this channel was "traffic jam".

Someone smashed a bloody road on this crowded street, gained the attention of capital, sought after by the mainstream market, and entered a brand new track; Someone never found a way or a way to break the game on this crowded street, and was finally submerged in the crowded traffic; Some people stayed in this crowded street and started to renovate, hoping to wait until the situation improves a bit, and then go on the road. Regardless of the type of player, there is actually a problem.

That is to say-in this street called landing and application, they are only fighting alone, and they have not formed a real coordinated operation, let alone forming an ecology; in the end, the so-called landing and application are only temporary, single, Unsustainable.

This is the most real development state of the current blockchain market.

When the development of the blockchain industry enters a new stage of development dominated by landing and application, we can't just be complacent just because we have grasped the general direction of landing and application, but should think more about how to The topic of creating a blockchain ecology.

Because building a blockchain ecosystem is the real killer application.

I have made similar points before.

I said that the biggest function and role of blockchain is not only in the deep transformation of a certain industry, but in the construction of a brand new ecosystem with blockchain technology as the underlying technology; only within this ecosystem Under the circumstances, the function and role of the blockchain can be brought into full play.

To put it simply, it is actually the blockchain ecology, which is the killer application.

Why do you say that? The specific reasons are as follows:

First of all, the blockchain is a fairly basic technology, and a single scenario cannot fully utilize its energy.

If we say that the Internet is a brand new "infrastructure", then the blockchain is actually more basic than the Internet.

That being the case, if we apply the blockchain in a certain industry or a certain scenario, we can indeed achieve the goal of improving the operating efficiency of the industry or scenario by activating individuals in the industry or scenario.

However, when we jump beyond the boundaries of the industry or scene and look at it from a higher dimension, we will find that the efficiency improvement of a single scene or industry is actually insignificant in the entire ecology.

Therefore, in order to maximize the function and role of the blockchain, we must jump out of a single scene or a single industry and look at it from an ecological perspective, so that its energy can be maximized.

Secondly, blockchain is a technology for constructing new roles and positioning, and the reconstruction of roles and positioning in a single scene is incomplete.

We all know that the biggest function and role of blockchain is actually the process of establishing new roles and positioning.

If this function and role of the blockchain only occurs in a certain scene or in a certain industry, then when the elements of this industry communicate and connect with other industries, they will actually return to their original roles and Positioning.

On the surface, this kind of role and positioning change and resetting have little impact. We can still continue to operate and develop according to the original role and positioning.

However, this cycle of roles and positioning is actually a consumption of industry resources.

If we jump out of a single scene and industry and place the function and role of blockchain in changing roles and positioning in a larger ecology, we will find that it only changes the role and positioning of an individual in a certain scene. Without activating its vitality in the entire ecology, the so-called change is still incomplete.

Once again, when the blockchain is only a single technology, it cannot be synergized with other new technologies.

I always believe that the reason why blockchain technology can bring us enough imagination is not just because of blockchain technology itself, but because blockchain technology can also interact with big data, cloud computing, and artificial intelligence. Synergistic effects with new technologies such as quantum computing.

Just looking at the blockchain from a single perspective can only keep the function and role of the blockchain on an isolated level, and cannot maximize the function and role of the blockchain.

Constructing a technology ecosystem that covers blockchain technology, big data, cloud computing and artificial intelligence is far more imaginative than just separating the blockchain from other technologies, and is more capable of letting the blockchain function and function Get the most out of it.

Therefore, the biggest function of blockchain technology is not just based on the change of blockchain technology itself, but is to use blockchain technology to maximize the use of new technologies represented by big data, cloud computing and artificial intelligence. Play.

Repeatedly, the blockchain era is an era in which industries and industries are deeply transformed by blockchain.

One of the very important reasons why people call this era the Internet era is that our lives and the development of the industry are inextricably linked with the Internet, and the Internet has become a brand-new "infrastructure."

In other words, the Internet has formed an ecology.

Benchmarking to the blockchain, if we want to move from the development cycle of the blockchain industry to the development cycle of the blockchain era, one of the most important reasons is that we cannot just transfer the blockchain The application and landing scenes of the company are limited to one or some scenes, but to apply blockchain technology in different industries and different scenarios, and truly make blockchain technology a new technology that connects people's production and life .

When industries and industries, people and industries are connected because of blockchain technology, we can truly enter the era of blockchain in the true sense.

When the development of the blockchain industry enters a new stage, the significance of constructing an ecology is far greater than the significance of landing for landing and applying for application.

By benchmarking the current state of development of the blockchain market, we can also draw such a conclusion.

At this stage, the so-called killer application of blockchain is not only a technological leader, but whether it can truly build a blockchain ecology and use the power of ecology to play the function and role of the blockchain. To the maximum.

In summary, in a word, blockchain ecology is the killer application.