Blockchain entrepreneurs talk about industry applications: "Decentralization is still early"

In the “China Blockchain Industry Investment High-end Forum” recently held in Shenzhen, as many as 20 teams from across the country participated in the blockchain entrepreneurial project roadshow, and for this technology, which is still in its early stages of development, to the present There has never been a large-scale commercial application, and there are still many problems when it comes to commercial applications. It remains to be seen whether the application of the technology will be implemented, whether its so-called beautiful features can be successfully implemented, how it can be achieved, etc.... .

At present, in the financial industry and other companies that have realized the blockchain business, the domestic startup company Bubi has analyzed the progress and limitations of the application of the technology in the sharing with Lei Fengwang (searching for the "Lei Feng Net" public number) . Bobby uses technology service providers to help corporate customers build private or alliance chains. When Bobby conducts services for traditional large-scale enterprise organizations, its subsidiary, Bumeng, is more oriented to the digital industry itself.

Blockchain solves the problem of digital centralization

"Today all Internet services are used, and user data is not user's data. It is based on data represented by BAT, saying in a word: data monopoly." Bobby Blockchain Yang Fan stated that our data are from a central organization. For maintenance, the trust of data is completely established and maintained by the central organization, the data owner is centralized, the data storage is centralized, and the data transaction verification is centralized. What are the problems? Central agencies have the highest authority over data and they can do anything with your data.

Such as P2P financial management "false mark" problem: In these P2P scams, financing does not correspond to real assets, just do an APP, which says that this is gold financing, interest rates, when the user after the money came in, there is no corresponding truth The subject matter and assets that led to the final fraud, this is digital fraud.

So, in the process of digitizing everything, what kind of figures will be credible in the future? “We believe that open, democratic data is the most credible?” Similarly, Internet finance is an example. Using blockchains, Internet finance companies can actually participate in asset-based clients and involve partners involved in transactions. Different nodes are established. According to the transaction requirements and different nodes to issue transaction certificates, the blockchains are used to prove that their targets are real and effective, and the source of the targets is directly placed on the chain.

In fact, the so-called blockchain technology is better known as blockchain thinking. Blockchain is a distributed ledger technology. It was originally applied to record transaction data in Bitcoin transactions. It has technical advantages such as non-defective modification, complete distribution, and traceability. Therefore, it is divergent to say that applications include Bitcoin, etc. The digital currency circulation can also be extended to the development of smart contracts, various online assets, data and transactions to help us solve data security, high security and efficiency issues such as transfer rates.

The blockchain also has a database, but it does not belong to a certain party, but it is owned by the participants. Imagine that in the financial industry, figures are flowed through servers. These servers are physically fireproof at all levels, but Bitcoin only requires one of the user's bare metal machines to join the transaction. It has no center, and no central organization can control it. The data inside is the so-called decentralized trust. At the same time, many centralization transfer procedures are eliminated, and efficiency will naturally be improved.

Therefore, companies are increasingly investing in the development of private chains. Blockchains can be either private or public. With a blockchain, any enterprise processes and transactions through the underlying architecture of an enterprise application or service can be synchronized into irrevocable books, and thus permanently ensure transparency, accountability, data integrity, and so on.

Theoretically speaking, the technical structure of blockchain applications is also very simple. Yang Fan introduced that, with Bobby as an example, the underlying basic framework layer provides the basic services of the blockchain, which can be abstractly understood as an API in the middle, and applications can be implemented through the API. Adaptation and access, one application result can be achieved.

Blockchain application landing problems

The blockchain thinking vision is good, but the road is tortuous. According to the company's co-founder and CTO Wang Hao, blockchain, as a start-up technology, is still not well-suited to meet the complex needs of commercial applications, and there are several issues that need to be addressed :

How does a blockchain enterprise service interface with customers' needs for rapid application?

How to ensure the security of private key access?

How to control the blockchain?

How to meet the protection of commercial privacy and the control of operating authority?

The importance of privacy and security goes beyond the financial industry. In practical commercial applications, most users prefer to use their own username and password. "This requires the blockchain platform to provide a secure and reliable private key access plan with the upper application. Users can still use the original user name and password and generate, create, write or store the complete private key behind it. Use it."

In the application implementation process, we not only care about the technical details, but also the customers will care about the cost of docking, including time, labor, and material costs. In short, they need to be highly efficient. For most of the upper applications, the blockchain system is a black box. The blockchain system is jointly built and maintained by various participants. For the operation and maintenance personnel, the entire system is completely uncontrollable or not Unilaterally controlled. "The use of blockchain also requires users to be able to log in to this system for visual operations or management, and to satisfy their control of operational privileges ."

Difficulties: 30% Technology + 70% Business

Many people for the blockchain technology itself is open source without technical innovation, and anyone can do it. In fact, taking open source Bitcoin as an example, Nakamoto took into account many factors in its design, such as why the current encryption method was chosen in hundreds of encryption methods and not the others. What is the difference with other people, how does this affect the follow-up, and so on. Therefore, the development of the blockchain technology itself and the application to the actual business face many technical challenges.

For example, Bitcoin itself does not include the loading and storage functions. When applied to the financial and supply chain fields, the original blockchain underlying technology cannot support the data structure. The establishment of this data structure requires the in-depth cooperation of industry customers, commodity sources and other institutions. However, because of this, Yang Fan stated that even if there are many problems that need to be solved technically, technical problems only account for 30% of the difficulties in the application of blockchain applications. What is more important is the understanding of business needs and industry issues. .

“Since 2012, we have conducted nearly four years of technical and commercial research and two-and-a-half years of research and development. In the end, the similarity code between Blockchain and Bitcoin is only 7%. In the process, we visit About 300 companies, across more than 30 industries, converted the business needs collected into product requirements, and then used technology to achieve.This is why after the establishment of 2012, from the beginning of March this year, many applications have gradually come to the ground."

Yang Fan explained that the technical level is not limited to programming and R&D. We can introduce advanced technologies and then localize them. It is therefore important to understand the commercial market and how to localize the technology perfectly. "Rationally speaking, technology can always be replicated. The technology of Blocky's blockchain is also open source. Finding the actual needs of users in my mind and providing value through technology is more important." IBM is also developing early. Blockchain services, but it may not be able to become a monopoly on domestic giants.

There have been industry sources, some companies do not understand the industry, and use the Bitcoin mining PoW algorithm to do do not need mining industry applications ... ... Then we can imagine, what will be the consequences?

The status quo: the scale has not been rolled out, decentralized or weakly centralized?

Blockchain has never seen a large area of ​​commercial applications, and most of them are under exploration. So, if the blocks are incompatible with each other, how can we achieve so-called decentralized trust and efficient operation?

For example, in the two service lines of Bushi’s traditional industries and emerging industries, as well as the different blocks of traditional industries, they all resemble LANs. In the future, when they are all growing up, are there likely to be smaller boundaries? Do you communicate with each other? Yang Fan, co-founder and vice president of Blocky blockchain, said, "The biggest obstacle is the commercial drive. In short, it is whether or not enterprises can improve their profits after entering the blockchain."

He admitted that Brody’s subsidiary, Bu Meng, currently has a total of approximately 930,000 users, and has a weekly transaction volume of approximately 600,000. The partners also include large enterprises and institutions. However, no matter if it is Bumeng or other cooperation in the industry, the status quo today can only prove that everyone is aware of the importance of the blockchain, and does not mean that it has subverted the traditional model. The current blockchain can help companies quantify transactions within one or two months of going online, improve efficiency, improve business models, and increase revenue to some extent. But to say that subversion is not yet fast. “The difference between the application of blockchain today and traditional centralized transactions is not that big.”

However, every technological innovation has a process. Yang Fan explains:

What we are doing today is to prepare for tomorrow. For example, in the early development of the Internet, we built a lot of local area networks. After the elements in each block grow and grow, such as the increase of nodes, the use of effects, and self-repair, the blockchain may be able to communicate with each other. At present, we are in the exploratory stage, but after two or three years, the accumulation of credibility in the process and the establishment of trust can be witnessed by the industry, thereby attracting more funds and investors.

In other words, the decentralized nature of current blockchain applications is not obvious. "In the short term, we are proposing to promote the blockchain in a centralized manner and gradually realize the democratization of data."

At the same time, Yu Xia (Gu Ying), the founder, blockchain and digital asset expert of Uygur Yuanyuan, gave a speech at the recent China Blockchain Industry Conference.

The so-called decentralization of the blockchain, but the blockchain can do a weak centering, the intermediary really can not go, in fact, the intermediary is like Ma Yun Taobao, he did not kill the offline business, he just Moved offline merchants to the line. And what do we do with blockchain? It is necessary to move the offline agency to the line.

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