Blockchain prediction
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
driven by policy and market, China's blockchain related instries are expected to move from virtual to real
in the context of rapid development of blockchain, China should comply with the needs of globalization, keep up with the international pace, and actively promote the research, standardization and instrialization development of domestic blockchain related fields. Compared with the increasingly stringent supervision of bitcoin and other digital currencies, the support and encouragement of blockchain technology has reached a consensus in the world, and the domestic blockchain technology will also receive national and local policy support in the next few years. Driven by policy and market, blockchain related instries are expected to move from virtual to real, and blockchain technology will accelerate the exploration of possible application scenarios< According to the data of the "in depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, the global blockchain market scale is expected to increase from US $411.5 million in 2017 to US $7683.7 million in 2022, with a compound annual growth rate of 79.6%. In view of the wide application range of distributed ledger, the rising market value of cryptocurrency, the strong demand for improving transparency, security, efficiency and simplifying process, and the popularity of blockchain as a service (
baas), the blockchain market will expand rapidly. In addition, communication services, international trade, supply chain management, programming platform, payment, smart contract, digital authentication and so on are also in urgent need of blockchain technology, which will create a lot of growth opportunities
as an integrated application of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, blockchain has become a research hotspot of the United Nations, the International Monetary Fund and other international organizations as well as many national governments in recent years, and the instry has also increased investment. At present, the application of blockchain has extended to the Internet of things, intelligent manufacturing, supply chain management, digital asset trading and other fields, which will bring new opportunities for the development of cloud computing, big data, mobile Internet and other new generation information technology, and have the ability to trigger a new round of technological innovation and instrial change
by 2022, the payment sector may occupy the largest share of the blockchain market
relying on blockchain technology, real-time payment of assets can be realized, which not only has the characteristics of tamper proof and digital authentication, but also can greatly save the cost of settlement for financial institutions and banks. In addition, blockchain makes payment automation possible, eliminates the need for middlemen, and saves labor costs and time for buyers and sellers. Thanks to the above advantages, it is expected that the payment sector will be the heaviest one in the whole blockchain market
the fastest growing region will be the Asia Pacific region.
blockchain service providers in the Asia Pacific region are good at designing and developing cryptocurrency platforms with friendly interface, cost saving and high speed, and extending the application of blockchain in many instries. Both large enterprises and small and medium-sized enterprises are actively seeking risk financing, investing in and developing the most cutting-edge blockchain technology. In addition, the real estate instry of some countries in the Asia Pacific region is expected to rapidly transform from translucency to full transparency, which also helps to enhance the development prospects of blockchain in the Asia Pacific region.
the blockchain instry is on the eve of the application outbreak
as a kind of underlying technology, with the support of policy direction, blockchain is attracting more and more exploration of application landing. At the recent 2019 future business ecological link conference, Zhu Youping, deputy secretary of the general Party branch of China economic network management center of the state information center, pointed out that after 11 years of trial and error, the technology of blockchain has basically been commercially available, and the instry is now on the eve of application explosion
Wu Xiaochuan, a senior expert in Zhongan technology's blockchain development, told the 21st century business reporter that the biggest difficulty in the current blockchain landing instry is how to map the physical world and the blockchain world one by one, which needs multi-disciplinary joint efforts to solve. Internet of things technology is an important part of it. With the blessing of 5g, cloud computing and other technologies, it will bring more complement and support to the implementation and application of blockchain technology in the futureaccording to the prediction of tractica, the analysis organization, the global enterprise blockchain market will reach US $20.3 billion by 2025
key node of technology and standard promotion
compared with other underlying technologies, blockchain has also experienced a relatively tortuous development process, and there is still a way to go in terms of integration with multiple technologies and setting of its own standards
Zhang Xiaojun, head of Huawei's blockchain, pointed out in his speech at the conference that today's blockchain technology is more like the development stage of the Internet from 2002 to 2003. If the relevant standards of blockchain can be mature in 2020, including cross chain standards, storage standards and standard data format storage, large-scale commercial use will be accelerated in 2021
China's blockchain instry is still in its infancy, but with the continuous support of national policies, the continuous progress of instry technology and the increasing demand of downstream applications, China's blockchain instry is expected to continue to maintain high-speed growth. In 2011, the market scale of China's blockchain instry was less than 6 million yuan. By 2018, the market scale of China's blockchain instry has grown to 67 million yuan, maintaining a rapid growth rate of more than 80%. It is estimated that in 2022, driven by policy support and downstream demand, the market scale of China's blockchain instry is expected to exceed 450 million yuan
market size statistics and growth forecast of China's blockchain instry from 2015 to 2022 Zhu Youping pointed out to the reporter of the 21st century economic report that with the technical blessing of 5g and even future quantum computing, these weaknesses will be quickly made up
for more data sources and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute. Meanwhile, foresight Instry Research Institute also provides instrial big data, instrial planning, instrial declaration, instrial park planning, instrial investment promotion and other solutions
1. Decentralization
the core advantage of blockchain technology is that it does not need a traditional centralized organization, and does not rely on the point-to-point transaction, coordination and cooperation of a credit center in the distributed system, so as to avoid the common problems of data security, collaborative efficiency and risk control of centralized organizations
2. High security
in blockchain technology, data is difficult to tamper with. Anyone can access the database that records transactions. In this transparent and open mode, everyone can act as a supervisor. We can see at a glance what changes have taken place in the data, which is more secure than traditional technology
3. More reliable
the blockchain technology is connected by multiple nodes in different places. The nodes in the blockchain interact through the point-to-point communication protocol. Under the condition of ensuring the consistency of the communication protocol, different nodes can be processed by different developers using different programming languages and different versions of the whole node
in short, when a node encounters network problems, hardware failures, software errors or is controlled by hackers, the operation of other participating nodes and systems will not be affected
therefore, blockchain is more reliable than traditional technology
therefore, I firmly believe that the application of blockchain must be the development trend in the future.
coinbase said it was aware of the existence of the judgment and would make a formal statement shortly
and the US government is celebrating this victory. Director of the IRS, John J; John Koskinen said:
like other properties, virtual currency transactions are taxable‘ The purpose of John Doe's summons is to ensure that citizens in emerging economies can abide by tax laws and fulfill their responsibilities
the coinbase user information that IRS applied to view was from December 31, 2013 to December 31, 2015. Coinbase said it would try its best to protect users' privacy when it first received the subpoena
as we all know, the attitudes and regulatory policies of countries around the world towards digital currencies such as bitcoin are not the same, and the tax policies of different countries are also different
on October 22, 2015, the European Court of Justice ruled that transactions in bitcoin and other virtual currencies would be exempt from value added tax (VAT). This decision is a major victory for the bitcoin trading community
generally, Japanese people need to pay 8% consumption tax to buy bitcoin on the digital currency exchange. In October this year, it was reported that the Japanese government planned to cancel the consumption tax generated by the purchase of virtual currencies such as bitcoin next spring
since 2015, the IRS has regarded bitcoin and other digital currencies as taxable assets. Recently, the IRS inspector general has been responsible for the Department's gaps in digital currency taxation. The American Institute of Certified Public Accountants (AICPA) has raised similar questions.