Blockchain has become a hot topic in recent two years

1.

The following are the reasons why 2017 will be the most critical year for blockchain:

the lasting value of bitcoin

bitcoin, the initial tool of blockchain, ended 2016 with a high profile, which is a good omen

just after the new year, fortune reported that

"after the prosperity of 2016, the price of bitcoin has reached $1000, which has increased by 120% since the beginning of this year, and recently reached the highest point in three years. The reasons, including the devaluation of RMB, the risk of China's currency control and geopolitical instability, have been considered as the key factors for the success of cryptocurrency. Another reason for bitcoin's landmark year is its staying power - the longer it stays, the more familiar it will be, and more like a real store of value. "

whether it is fair or not, the feasibility of blockchain technology is always closely related to the performance of bitcoin. If the decentralized database can succeed in the financial field, it can also be widely used in other places. According to convention, the healthy development of digital currency has triggered a discussion on how to integrate blockchain into new areas. With healthy bitcoin, blockchain can expand rapidly in other fields

existing participants

of course, this has existed for some time, because the blockchain has been firmly bound to bitcoin. Over the years, many groups have invested a lot of money to apply the technology to a wider range of areas, while adding new features and creating new applications. If 2017 is a great year for blockchain, these existing players must be ready to grow with it

this trend is marked by the addition of 8 new members to the hyperledger project before the end of 2016. Software company CA technologies, blockchain project factcom foundation, healthcare alliance hashed health, Korean koscom, accounting company ledgerdomain, trade ecosystem developer lykee, sovrin foundation and telecom company Swisscom all joined in the project

The

hyperledger project has entered 2017 with an eye-catching membership list, and plans to introce blockchain feasibility case studies in actual use cases

new investment

the sign that the technology will make progress this year is that companies all over the world have laid the foundation for using blockchain status. Companies around the world applied for or accepted 356 patent applications related to blockchain or digital currency in November last year, almost double the number in the first month of 2016, according to the report of blog technology

Marc Kaufman, financial technology intellectual property expert at Reed Smith, told blog:

"we have witnessed an exponential growth in the number of patent applications, and we expect to see thousands of blockchain patents in the next five years."

the company is submitting patents in such a rapid way because the blockchain has finally achieved its goal from Utopia to digital ledger tool. With the increase of the number of patents, the new discovery of the index blockchain will enjoy wider legitimacy in 2017

it is only time to know the development trend of blockchain in 2017, and vice versa. However, it is obvious that the status of blockchain technology can be seen by all, which also proves the expectation of early investors for its potential and may develop new potential in the future

blockchain has also become a hot topic in the financial sector in China, and all major domestic financial institutions have tested blockchain projects. China Post and IBM have jointly developed a set of blockchain asset custody system; Puyin group launched the tea based digital currency Puyin

2. In the past two years, blockchain alliances have sprung up. What are their representatives
in the early stage of the development of the blockchain instry, many enterprises and institutions formed a blockchain alliance to share the research results of blockchain technology and seek wider application of blockchain technology
in the past two years, blockchain alliances have emerged. As of July 2017, there are R3 composed of more than 40 international banks, hyperledger initiated by Linux foundation, Zhongguancun blockchain Instry Alliance located in the core hinterland of China's Internet, China ledger alliance jointly initiated by 11 institutions, gold chain alliance jointly established by 25 financial institutions, and so on Russia's blockchain alliance, known as "Russian version R3", seeks to combine with micro finance, Qianhai international blockchain ecosphere alliance led by Shenzhen Qianhai administration, and Lujiazui blockchain Financial Development Alliance in Lujiazui
many organizations and talents join to promote the vigorous development of blockchain.

3.

Blockchain is on fire! It's so hot that I have no friends! In recent days, it has been swished by various popular science jokes of blockchain, just like crowdfunding, equity and original stocks in the past two years. If you go out and chat with others, you will be embarrassed to chat with others if you don't talk about blockchain. Textbook like explanation: an intelligent peer-to-peer network that uses distributed database to identify, disseminate and record information. It is a distributed database system with different nodes and an open ledger

the concept of "after the rules are settled, everyone will register spontaneously" in wechat organization corresponds to the concept of "decentralization, no single user can control it" in the blockchain. "Registration in wechat group" in wechat group corresponds to the concept of "peer-to-peer network" in blockchain. "As long as the network is connected, we can know the latest progress" in wechat organization Bureau, corresponding to the concept in blockchain, namely "game mechanism"

4. Most of the digital currency trading platforms give priority to the development of PC version, and most of them support PC client. At present, most of the digital currency trading platforms are like this. When the platform develops to a certain extent, the company's popularity and recognition are very high, and the capital is strong, the development will be considered

at present, okcoin is the platform that I know has developed mobile app. Fuyuan currency trading platform, bitcoin era and bitcoin China all support PC version.

5. Perhaps the most important of these is that bitcoin, which is based on blockchain technology, has opened up a new technology and rule system exploration and attempt, which has little connection with traditional society (offline) and is completely applied to the online world (online), such as Internet users' identity verification, wealth confirmation, transaction records, notarization verification, etc, This provides people with an alternative path and unlimited reverie to adapt to the development of the Internet society
from the perspective of its application in bitcoin, blockchain is a new set of data block establishment, bitcoin configuration, user authentication, bitcoin (value) confirmation and bitcoin transaction records formed by combining encryption technology with Internet technology, As well as the extended encryption of bitcoin cross block flow (value transfer) (including factors such as block and transaction time identification) registration and verification, the internet protocol rules and ledger system including block chain, whole process encryption and mutual authentication
ant finance applies blockchain technology to public welfare; China Post has applied blockchain technology to its core business and launched a set of asset custody system based on blockchain technology; Puyin group has launched the tea based digital currency Puyin based on the blockchain technology. Puyin also has a great influence in the digital currency circle. Jucoin.com has also opened a special trading area for Puyin.

6. Recently, the concept of blockchain has been very popular. Like the Internet in the 1990s, it promises to completely change our whole life, whether professional or personal. Just as the Internet spawned thousands of new companies in the early days, blockchain is now in a similar situation
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 at home and abroad to explore or enter the blockchain instry. Microsoft, IBM, Tencent, Ali, JP Morgan, Netease and Xiaomi have all laid out blockchain, and blockchain will blossom in many fields in the past two years
it can be seen that blockchain technology is developing rapidly in the world. Perhaps in the next few years, blockchain related technologies will be applied to the field of intelligence and notarization, including identity information authentication, notarization, arbitration, audit, e-mail, personal visa, ticketing information and so on. The application scope can cover the whole society, and blockchain technology is likely to become the lowest level protocol of Internet of things.