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Blockchain is not mature yet

Publish: 2021-04-17 02:49:52
1.

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

How to make the interests of procts and users consistent

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

2. At present, there are still many problems in the practical application of blockchain technology, such as low performance, less transaction frequency per unit time, lack of technology application ecological environment, lack of relevant application cases and fraud in the name of blockchain.
3.

Almost everyone, even those who don't believe in universal certification, has a positive view on blockchain technology, because it may change the whole world. However, it has been ten years since the invention of blockchain technology, and we still do not really use blockchain technology. Some people say that bitcoin is based on blockchain technology, so with its development, the main use of blockchain is as a payment system or value storage means

there are many examples

there is no doubt that blockchain technology can be integrated into almost all sectors of modern life (including the above sectors). However, it has been nearly 10 years since the birth of blockchain technology, and no field has replaced the original technology with blockchain technology. These ideas are good, but the technology is too slow to implement

4.

Because the blockchain technology is not mature at this stage, and the infrastructure is not perfect, many applications are limited, and the overall application is still in a very early stage

First of all, the main function of blockchain is to store information. Any information that needs to be saved can be written to or read from the blockchain, so it is a database. Secondly, anyone can set up a server and join the blockchain network to become a node. In the world of blockchain, there is no central node (decentralization). Every node is equal and keeps the whole database. You can write / read data to any node, because all nodes will be synchronized in the end to ensure the consistency of the blockchain

5. It's not that there's no fire, it's that ordinary people don't know much about blockchain technology, and blockchain technology is not without fire. Take chestnut as an example, the first project launched by blockchain start-up company Abbott Financial Technology Co., Ltd. is concentric mutual aid. The goal is to continuously promote the application and development of blockchain technology in China from the perspective of network mutual aid. As the first real blockchain landing application in China, concentric mutual aid combines open source code with practical application, and realizes the deep matching between blockchain technology and network mutual aid
compared with developed countries, China's insurance instry has developed for a short time, and the coverage rate of indemnificatory business, especially insurance types such as accident, serious illness, fixed life insurance and family property, is low, which makes it difficult for low indemnificatory and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "
6. Blockchain technology is known to all, but blockchain problems also emerge one after another
for example, general enterprises lack large-scale enterprise ecological infrastructure, mature applications, developers and immature middleware and tools. In the network system established by blockchain, the data information that each block can carry is real and secure, Therefore, the research and development of blockchain technology needs to have higher technical requirements for the level of professional knowledge of the participants. It is not easy for small and medium-sized enterprises to develop blockchain technology with their own thin technical team
in the future, jinwowo will continue to tap the value of blockchain technology in the commercial field, give full play to the advantages of big data services, add value to user behavior, break the ice for the development of small and medium-sized enterprises, and build a real, efficient, safe and honest Internet community of destiny.
7.

First of all, as a kind of underlying technology, blockchain landing is to combine the characteristics of blockchain technology with some fields, so as to give better play to blockchain technology to create greater value. I'll talk about it in detail

< H2 > the meaning of blockchain

in a narrow sense, blockchain is a kind of chain data structure composed of data blocks connected in sequence according to the time sequence, and it is a distributed account book that can not be tampered with and forged by means of cryptography

broadly speaking, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access A new distributed infrastructure and computing method of programming and operating data by using intelligent contract composed of automated script code, the data of the blockchain can not be tampered with, and can be combined with the e-commerce instry. Now there are a lot of fakes, combined with the technical characteristics of the blockchain. Every stage of goods from proction to shelf sales can be "data linked", so every stage of e-commerce can be transparent, which can greatly improve the safety of food<

NMC coin, also known as domain name coin, is a distributed domain name system based on bitcoin technology, with the characteristics of security and non censorship. There are no cheaters. However, e to the relative lack of supervision, digital currency is easy to be pulled up or sold, so it may become rich overnight, or it may lose all the principal overnight. This is the general nature of digital currency, not only NMC currency, but also the derivation and expansion of block chain technology

as a kind of underlying technology, blockchain plays a al role in this society. We must treat blockchain technology with a rational perspective, and we should not blindly trust others to invest, so as to avoid being deceived

8. According to the analysis of jinwowo network technology, although many of the infrastructure and applications of blockchain are not perfect and mature, as long as they reach the critical point required by a certain application, there will be suitable projects running out, successfully detonating the market and creating commercial value. Of course, they will first reap rich returns, rather than cutting leeks that many people worry about and despise
in the embryonic stage of blockchain development, various enterprises and companies are flocking to the market for fear of falling behind others. This is the case with the market. The early opportunities are not seized, and the last share is just a drop in the bucket for the former.
9. The three advantages of blockchain, namely, security, transparency and efficiency, make it particularly helpful to regulate the development of Internet finance. The use of distributed database and intelligent contract can also greatly rece the manual checking work and save costs for financial institutions. However, it is undeniable that some criminals will exploit the loopholes of the blockchain to launder money
in general, the advantages outweigh the disadvantages. At present, the blockchain is not mature. I believe that in the near future, mature blockchain technology will surely benefit mankind.
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