Background of blockchain Conference
There is no doubt that blockchain has development prospects, and the necessary condition for development prospects is to enter the mainstream market
North America blockchain infrastructure the oan (former aion network) founder and CEO Matt spoke published an article entitled "in order to successfully enter the mainstream market, blockchain projects must" eat dog food "in Forbes on July 24, in which Matt mentioned his views on how blockchain should enter the mainstream market - & quot; Eat dog food
in the science and technology circle, there is a jargon called & quot; Eat dog food Dogfood (also known as eating your own dog food) refers to companies using their own procts and becoming users of their own procts. Many high growth companies (such as Microsoft, Facebook, Amazon, apple, Netflix and Google) also test their procts by "eating dog food" or help build credibility“ "Eat dog food" is often used to find and fix bugs, but it has another value: to create reliable use cases for the company's procts
this is worth learning from blockchain projects, because blockchain projects often hold & quot; Once built, they (users) will come naturally, which habitually leaves the responsibility of creating new and interesting blockchain applications to a third party
this attitude is very common, even the well-known blockchain summit consensus 2019 also held a conference entitled & quot; Once built, they (users) will naturally come: to build a global blockchain Center & quot; To discuss how governments around the world can make efforts to attract blockchain projects while balancing regulatory, investment and innovation needs
to be fair, this strategy may be effective for blockchains that only focus on people in the currency circle. For the security token, especially for the exchange represented by the transaction, it makes more sense - "supply creates demand" is the usual idea here, especially considering that the realization of these transactions requires the construction of complex infrastructure
in contrast, "eat dog food" is more likely to be adopted by blockchain project developers who seek mainstream audiences (such as those in financial instry, manufacturing and supply chain, identity management, etc.). If blockchain technology wants to enter these mainstream fields, blockchain companies must first "eat dog food". This can not only clearly prove that blockchain technology is feasible outside the coin circle, but also highlight that blockchain can not only optimize existing use cases, but also create new use cases
and the oan team has been adhering to this concept, and relying on the oan and aion's technology stack built over the years, it has developed a financial technology platform moves for independent workers
Matt said that in the development and development of moves, the team hopes that the relevant functions of the OAN blockchain network can be brought into full play, so it will focus on the following three aspects:
1. How to use the OAN blockchain network to improve the credit efficiency of the proct there are two main considerations to improve credit efficiency: 1) can we use the mechanism of the defi market to rece the cost of capital; 2) Can the blockchain technology be used to increase the external trust in the credit process of moves. Here, moves will form a mechanism of "pooling wisdom", so that everyone can contribute to recing credit risk and increasing the credibility of credit process, and may even develop a micro guarantee mechanism in the future. Therefore, users will be able to participate in the market established by the platform as borrowers, lenders or guarantors
specifically, by connecting moves with the oan network, and with the help of digital asset aion, a relationship of interest consistency is formed between procts and users, so that users can personally experience the success of moves procts and directly participate in the oan, a blockchain network supporting moves
3. How to create the first open system of financial reputation data with moves
this open system may become a substitute for traditional credit scores or related mechanisms. Over the years, banks and financial institutions have been using Equifax, Fico or other similar institutions' scores as risk indicators, and the moves team believes that the procts they are building will be a good start - the beginning of a more perfect and modern financial reputation system. This is a long-term goal
moves supports North American mainstream carpooling, take out and other casual work economic platforms, and will be the flagship open application developed by the oan on its blockchain network. In June, moves expanded its operations from Ontario to Alberta and British Columbia into western Canada
all the initiatives of the oan team adhere to the spirit of "eating dog food" and strive to make blockchain technology enter the mainstream market as soon as possible. Blockchain is not for the minority, but for the mainstream. In addition to the oan team, many projects and institutions in the blockchain instry are also aiming at this goal. Can you say that such an excellent and targeted blockchain has no development prospects
1. Blockchain is a distributed database (system) placed in a non secure environment
2. The blockchain uses cryptography to ensure that the existing data cannot be tampered with
3, the blockchain uses consensus algorithm to reach consensus on new data
the system with the above three properties is blockchain.
blockchain is the underlying system of distributed ledger in bitcoin. Bitcoin ledgers are built in a distributed and spontaneous way. Anyone can generate new currency blocks by performing specific cryptographic calculations, so as to obtain a digital "currency" that can be used for transactions. Bitcoin's impact on the world monetary system can be said to be subversive, which is also an important reason why it has attracted a lot of people's strong attention since it came out. After that, there were dozens of similar electronic currencies such as
"lightcoin". The abstract extraction of distributed digital currency technology from bitcoin forms a "blockchain" technology, which can be used in more fields
the basic idea of blockchain is to establish a network-based public ledger (data block), each block contains the information of a network transaction. All the participating users in the network work together to keep accounts and check accounts. All the data are open and transparent, and can be used to verify the effectiveness of the information. In this way, the authenticity and non tamperability of information can be guaranteed at the technical level without the central server as the trust intermediary
the significance of blockchain lies in "decentralization", which can fundamentally solve the fraud and rent-seeking phenomenon in value exchange and transfer by building a more reliable network system. With the popularization of blockchain technology, the digital economy will be more authentic, and the economic society will become more fair and transparent
not only digital currency, but also blockchain technology is infiltrating into more innovative fields.
virtual digital currency such as bitcoin is just an application scenario of blockchain technology. Theoretically speaking, based on the characteristics of blockchain technology, human beings can create a very rich form of services and procts, such as finance, government, enterprises, etc There are a large number of scenarios suitable for blockchain technology in cross instry and other fields, with broad prospects. At present, many countries around the world have started the research of blockchain technology, and a series of instry organizations and alliances have been established. However, as blockchain technology is a brand-new technology, which subverts the traditional centralized mode, major institutions are still in the research stage, with only a small number of actual projects landing, and the great development of the instry has just begun
now, blockchain economy is on the eve of outbreak. The exploration of financial instry is ahead of others, while the application of other instries is developing rapidly. The obvious advantage of blockchain instry application is to optimize business process, rece operation cost and improve collaborative efficiency. This advantage has been graally reflected in financial services, Internet of things, public services, social welfare and supply chain management
as the backbone of emerging technologies, blockchain is not only used in the field of virtual currency, but also in other fields such as finance, medical care, intellectual property certification, etc. a large number of excellent enterprises have emerged in China to explore or enter the blockchain instry. According to the in-depth analysis report on business model innovation and investment opportunities of blockchain instry released by foresight Instry Research Institute, as of the end of 2016, there were 105 blockchain related enterprises in China, 80% of which were concentrated in eastern coastal cities, including Shanghai, Hangzhou and Taipei
from the perspective of global blockchain technology application development, as of April 2017, financial service companies accounted for 55.43% of the 267 blockchain venture capital companies; From the perspective of the Chinese market, 34 of the top 50 blockchain venture capital companies in 2016 are involved in financial services, mainly in cross-border payment, bill discounting and financial service platform<
analysis of the development trend of blockchain
the combination of blockchain and cloud computing is more and more close, and baas is expected to become a public trust infrastructure
cloud computing is the general trend. We believe that the combination of blockchain and cloud is also an inevitable trend. There are two modes for the combination of blockchain and cloud, one is blockchain in the cloud, the other is blockchain in the cloud. The latter, namely baas, blockchain-as-a-service, refers to that the cloud service providers directly provide blockchain as a service to users. In the future, more and more cloud service enterprises will integrate blockchain technology into the ecological environment of cloud computing. By providing baas function, they can effectively rece the deployment cost of enterprise application blockchain and rece the initial threshold of innovation and entrepreneurship
the security problem of blockchain has become increasingly prominent, and security protection needs the overall consideration of technology and management
blockchain system is almost perfect mathematically, with the advantages of openness and transparency, difficult to tamper, reliable encryption, anti DDoS attack, etc. However, from the engineering point of view, its security is still restricted by infrastructure, system design, operation management, privacy protection and technology update iteration. In the future, we need to consider the overall situation of technology and management, strengthen basic research and overall protection, so as to ensure the application security
the competition of blockchain is becoming increasingly fierce, and patent competition has become an important field of competition
with the increase of participants, the competition of blockchain will become more and more fierce, and the competition is all-round, including technology, mode, patent and other dimensions. We believe that in the future, enterprises will strengthen the layout of blockchain patents. Since 2014, the number of blockchain patent applications has grown explosively. Blockchain patents are mainly distributed in the United States in North America, the United Kingdom in Europe, China and South Korea in Asia, and this pattern will be maintained in the future. The patent gap between China and the United States is narrowing, and the number of applications in China in 2016 has surpassed that in the United States. It can be predicted that the patent competition of blockchain will become increasingly fierce in the future
with the acceleration of domestic policy process, the development of the instry ushers in a new opportunity
blockchain has attracted attention from all walks of life e to its core advantages of high performance, high security, high-speed access, efficient operation and so on. In the context of the rapid development of blockchain, China conforms to the needs of globalization, closely follows the international pace, and actively promotes the research, standardization and instrialization development of domestic blockchain related fields
trustworthiness is the core requirement of blockchain, and the importance of standards and specifications is becoming increasingly prominent
in the future value delivery network based on blockchain, we will completely use algorithms and software to build the trust foundation. However, we believe that this is far from enough, and we need the standard to increase the credibility of the blockchain. In the future, the standard of blockchain will standardize the technology and governance of blockchain from the perspective of users, business oriented, and from the dimensions of smart contract, consensus mechanism, private key security, and authority management, so as to enhance the credibility of blockchain and add weight to the trust of blockchain.
Fourth, decentralization. Decentralization is the most basic feature of the blockchain, which means that the blockchain no longer depends on the central processing node and realizes the distributed recording, storage and updating of data. In the traditional centralized network, attacking a central node can destroy the whole system, while in a decentralized blockchain network, attacking a single node cannot control or destroy the whole network. More than 5% of the nodes in the master network are just the beginning of gaining control. 2019 is the first year for the commercial application of blockchain technology, and the stimulation of favorable policies will make the development of blockchain technology more stable
with the application of blockchain technology graally penetrating into many fields such as digital finance and Internet, we have a clearer understanding of the value of blockchain
blockchain has formed a situation of global competition, and all countries are seizing the development opportunities, let alone China; Therefore, there is no doubt that blockchain has become a national strategy.
take trading activities as an example. In the past, the two sides who did not trust each other usually chose an intermediary to guarantee a transaction. In the mobile Internet era, we chose Taobao shopping because Alipay provided us with an intermediate guarantee. We chose to drop dripping because it provided us with information matching.
however, these intermediaries are centralized and have their own interests. Sometimes they are not so reliable and trustworthy. Theoretically, Alipay's centralization of accounting has been artificially falsified. Part of the reason for Didi's troubles is that they only think from their own standpoint
what blockchain does is the machine of trust, which replaces the role of trust intermediary with code, ensures the fairness and justice of the whole system through consensus mechanism and distributed accounting, and provides a trust without trust
for example, in the future, people can abandon the intermediate platform and realize point-to-point docking and free trading through blockchain. Shopping does not need to go through an intermediary, and taking a taxi does not need to go through Didi. In this way, we can really achieve "no middleman to earn the price difference" and rece the cost.
Specifically, users can share the idle storage space and bandwidth resources of cat disk, and these resources will be output to companies such as content, video, game, blockchain, etc. cat disk company will convert the legal currency and various digital currencies paid by the latter into bitcoin, and users will get the corresponding bitcoin income. This is also the unique mining mode of cat disk
why reward bitcoin
because similar procts on the market reward users with points, diamonds and other rights and interests issued by relevant companies, and most of these rights and interests are of low or no value. In addition, those projects that once seemed to be hot are now almost withered, and the early players may benefit, while the late players will lose all their money
as we know, bitcoin is the anchor currency in the digital currency world. Cat disk directly uses bitcoin to motivate users, and users can pick up the coin to their wallet at any time, and their income can be guaranteed. Moreover, the risk of bitcoin breaking is almost zero, and the user's income will be more lasting and stable
how is the mining income distributed when it comes to distribution, we should first introce the concept of "storage power", which is directly linked to the income of cat disk users. Storage power is an index based on users' shared storage space, bandwidth and online time. The larger the storage space, the faster the bandwidth speed and the longer the online time, the larger the storage power, and vice versa the cat disk gains revenue by sharing storage bandwidth resources, and users can check the revenue through app every day, that is, how much bitcoin they earn. The profit distribution of maopan mining is not random, but through a series of calculations. In short, users' daily income depends on their personal storage capacity, all users' storage capacity and the amount of money issued each day. The calculation formula is as follows: single user's daily income = single user's daily storage capacity / all users' daily storage capacity * Daily currency amount it can be seen that users' daily income is positively correlated with the daily storage capacity index and the daily currency amount, and negatively correlated with all users' daily storage capacity index what is the amount of money issued every day the cat disk integrates the storage and bandwidth resources shared by users, provides storage and bandwidth services to the demander, and converts various digital currencies paid by the other party into bitcoin for distribution to users. How much bitcoin is issued every day depends on the actual business situation, so there is no way to give specific figures for the time being. What we can make clear is that, unlike other mining procts, cat disk does not issue its own currency or restrict the mining of a specific kind or several kinds of currency. Instead, it earns various digital currencies paid by others. These currencies are all market currency. Cat disk converts these currencies into bitcoin and distributes them to users note that all the currencies are negotiable, and the more storage nodes, the more business, the higher the overall mining revenue; For other mining procts, the amount of money that can be mined is limited or issued by the owner. With the passage of time, there will be more and more mining machines, and the mining income will be less and less