Research direction of blockchain Technology

1. Since 2019, blockchain has been mentioned continuously. As the key technology of the next generation Internet, governments and giant enterprises have increased their efforts in the research and application of blockchain, and the competition for the right to set instry standards is becoming fierce
according to the "2019-2020 global blockchain technology layout and business investment trend research report" released by AI media consulting, with the further liberalization of policies in the future, China's blockchain instry will usher in a stage of rapid development, and is expected to enter the first echelon of global blockchain instry in an all-round way< The importance of blockchain technology to a new round of instrial reform has been paid more and more attention. Major countries around the world have accelerated the research and development of blockchain technology. However, because the instry has not yet formed a unified technical standard system, the application and promotion of blockchain are still subject to many restrictions< Second, the barbaric growth has ended and the instry has entered a new stage
after the capital winter of 2018, a large number of blockchain enterprises have been eliminated, the overall popularity of the instry has declined, and the capital has returned to rationality, and the barbaric growth stage of the blockchain instry is coming to an end. In 2019, policy factors will pull the blockchain back to the development wind, and capital and talents will flow into the blockchain instry again. With the continuous advancement of application, supervision and standardization, truly competitive blockchain enterprises will graally emerge, and the instry will usher in a new round of rapid growth.

2.

in 2019, the market scale of China's blockchain instry will reach 1.2 billion yuan

in 2016, the market scale of China's blockchain instry will be about 100 million yuan, and it will grow to 1 billion yuan by 2018.
in 2019, the scale of China's blockchain instry will grow steadily, with an instrial scale of about 1.2 billion yuan. With the attention and attention of local governments, it is estimated that by 2022, the market scale of China's blockchain core procts and solutions and related derivative instries will reach 10 billion yuan

from the research results, in terms of consensus mechanism, China's consensus mechanism graally moves from single algorithm to mixed consensus; In terms of cryptographic algorithms, cryptographic algorithms such as secure multiparty computation, homomorphic encryption and zero knowledge proof are continuously integrated and applied; The research of cross chain technology and security technology has graally become a research hotspot

from the perspective of blockchain hardware, at present, the world's most important digital currency mining equipment suppliers are all located in China, and only bitmainland, Jianan Yun and Yibang technology occupy more than 90% of the market share

from the perspective of instry application, the financial instry is the instry with the largest number of blockchain technology implementation projects and the richest scenarios, such as supply chain finance, asset certificate aromatization, credit reference and risk control

in 2020, the blockchain instry will be further standardized

in 2020, China's blockchain policy will continue to be favorable, the standard specifications will be more perfect, the instrial scale will continue to grow, the technology will continue to innovate and develop, and the application demonstration effect in key fields will accelerate. At the same time, according to the problems existing in the development of China's blockchain in 2019, CCID blockchain Research Institute puts forward six suggestions: accelerating the formulation of top-level design, establishing and improving the regulatory system, accelerating the innovation and development of core technologies, promoting the third-party evaluation and certification, strengthening the cultivation of professional talents, and accelerating the implementation of applications in various fields

- the above data comes from the analysis report of China's blockchain instry market outlook and investment strategic planning of foresight Instry Research Institute

3. Blockchain is a kind of technology. "In the simplest and most popular way, blockchain technology is everyone bookkeeping, or distributed ledger."
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.

4. Blockchain instry has great growth potential. Five aspects promote the healthy development of technology. Blockchain basic situation analysis blockchain technology, as a technical solution for collective maintenance of a reliable database in a decentralized way, has the characteristics of decentralization, tamper proof, highly scalable, etc., and is becoming a new technology following big data, cloud computing, artificial intelligence Virtual reality and other technologies are another emerging technology that will have a significant impact on the future, which is expected to promote human beings from the era of information internet to the era of value Internet. Some countries and regions in the United States, Japan and the European Union have promoted the development of blockchain as an important national development strategy, and vigorously promoted the research and development and application of blockchain technology. China also attaches great importance to the technological innovation and instrial development of blockchain. With the joint participation of it and other enterprises, a large number of new enterprises, new procts, new models and new applications have emerged. The application of blockchain in the fields of finance, government affairs, energy, medical and other instries has graally expanded, and is becoming an important force to drive the technological proct innovation and instrial transformation of various instries. The development of blockchain can be divided into three stages, namely, blockchain 1.0, represented by bitcoin and related financial infrastructure applications, and blockchain 2.0, represented by smart contract. At present, it is graally moving towards blockchain 3.0, which is based on blockchain technology and more complex in-depth application of smart contract. Statistical analysis of blockchain investment and financing in the first half of the year since 2016, the frequency and amount of investment and financing in China's blockchain field have increased sharply. According to the statistical data of "in depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, in the first half of 2018, the amount of financing in the blockchain field was about 10.7 billion, with a year-on-year growth rate of 1426% compared with the same period in 2017; The number of investment and financing events in the field of blockchain has reached 205, and it is expected that the investment in the field of blockchain will usher in another peak this year. Judging from the distribution of investment and financing rounds in China's blockchain field, the investment rounds in the start-up period (before round b) account for more than 95%. There are many instry pioneers participating in the investment together, and most enterprises are still in the race. Statistics and growth of blockchain investment and financing in the first half of 2014-2018 data source: prospective instry research institute collated the statistical analysis of Chinese blockchain enterprises and registered capital. In 2013 and before, there were only 26 blockchain related enterprises registered in China. In 2016, 116 blockchain enterprises were registered, 158 were registered in 2017, and 52 were registered from January to the end of June 2018. In terms of registered capital, there are 26 enterprises in China whose registered capital is less than 1 million yuan, accounting for about 6%; 197 companies have registered capital between 1 million yuan and 9.99 million yuan, accounting for about 46%; There are 171 companies with registered capital between 10 million yuan and 100 million yuan, accounting for about 40%; There are 31 companies with more than 100 million yuan, accounting for about 7%. Statistics on the enterprises and registered capital of China's blockchain enterprises from January to June 2013-2018 data source: prospective instry research institute collates the statistics of China's blockchain enterprises in terms of regions and fields. Among the 425 blockchain enterprises, 385 enterprises are gathered in Beijing, Shanghai, Guangdong, Zhejiang, Sichuan and Jiangsu, accounting for 90% of the total. Among them, Beijing has the largest number of enterprises, accounting for about 37% of the country. In terms of instry, China's blockchain enterprises are mainly distributed in the fields of finance, bottom public chain, enterprise services, technical solutions, data services, health care, Internet of things, transportation, games, etc. Among them, 91 enterprises are engaged in the financial field, accounting for more than 21%. China's blockchain enterprise field distribution statistics data source: prospective instry research institute collates that China attaches great importance to the development and application of blockchain technology. Driven by multiple forces such as policy, technology and market, the pace of blockchain innovation has been accelerating. It has been deeply integrated with cloud computing, big data, Internet of things and other technologies. The scope of exploration and application has also expanded from digital assets to supply chain management, intelligent manufacturing, instrial Internet, social welfare, right protection and other fields. Five aspects to promote the healthy development of blockchain technology, and promote the high-quality development of digital economy. 1. Pay close attention to the international development frontier, jointly promote the research of blockchain related technology and instry, promote the standardization of blockchain development instry behavior, and create a good development environment. 2. Strengthen the construction of blockchain core technology capabilities. Establish and improve the collaborative promotion mechanism among backbone enterprises, universities and research institutions, guide it enterprises to strengthen technical reserves, accelerate the breakthrough of key core technologies, and improve the performance, efficiency and security of blockchain. 3. Support the development of entrepreneurship and innovation in the field of blockchain, encourage the cross-border integration of blockchain enterprises and user units, guide instry organizations to establish public service platforms, support third-party organizations to carry out blockchain service evaluation and testing, promote the enrichment of instrial applications of blockchain, and serve the transformation and upgrading of entity economy. 4. Actively build and improve the blockchain standard system, accelerate the development and application of key standards, and graally build a perfect standard system. Actively connect with ITU, ISO and other international standards organizations, substantially participate in more international standardization work, and actively contribute more "Chinese power". 5. We will accelerate the improvement of the policy environment for blockchain development, support qualified enterprises to carry out application innovation and mode innovation, and guide and encourage enterprises, universities and scientific research institutes to jointly cultivate professionals needed for blockchain development. Support eligible blockchain enterprises to enjoy the preferential tax policies of the state to support the development of software instry and small and medium-sized enterprises. The instrial scale is small but the growth potential is huge. The blockchain economy is on the eve of the outbreak period. The financial instry is relatively widely used, and the application of other instries has also entered the stage of exploration and development. It is estimated that the direct market value of blockchain will increase from US $410 million to US $7.68 billion between 2017 and 2022

5. Search "blockchain" on HowNet to find model articles in this respect.

6.

Blockchain instry development trend analysis technology has broad application prospects

with the characteristics of point-to-point payment, openness and transparency, the most direct application field of blockchain technology application is payment field. However, there are many pain points in domestic ticketing instry, such as too many agent levels, rampant scalpers, selling more than one ticket, fake tickets, lack of credit, etc, It can be solved by blockchain technology. The traditional ticketing mode needs the support of centralized facilities such as the third-party ticketing platform, and the information is extremely asymmetric. The new ticketing mode based on blockchain technology can realize point-to-point transaction, and the whole process is transparent and traceable

blockchain e-ticketing platform

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data source: the financial field of blockchain + application sorted out by prospective instry research institute is reshaping the financial instry pattern

the open and tamperable attribute of blockchain technology provides the possibility for decentralized trust mechanism,
has the potential to change the financial infrastructure. All kinds of financial assets, such as equity, bonds, bills, warehouse receipts, fund shares, etc., can be integrated into the blockchain ledger to become digital assets on the blockchain. They can be stored, transferred and traded on the blockchain, which makes them have a very broad application prospect in the financial field

by recing the cost of cross-border payment, securities trading and compliance, blockchain technology can save banks $15 billion to $20 billion a year

through the application of intelligent contract, blockchain + insurance can realize automatic claim settlement of insurance policy. Insurance institutions have high management and operation costs, and the data on the blockchain is true and reliable, which can effectively simplify the processing process of policy claims. In addition, the blockchain technology can realize the digital management of personal data, simplify information authentication, and help to trace the history of data

entertainment of blockchain + application: the development ecology of blockchain has taken shape, and the media instry may become the main beneficiary

blockchain technology can be widely used in news, games, picture right and other entertainment fields

blockchain technology will bring great changes to the underlying structure of the game and have a great impact on the current game instry. Gamers now have gatekeepers (centralized organizations) to decide prices, tax, censor users, control content, and profit from data. Through the decentralized platform, consumers can socialize and trade without mediation, providing more control and flexibility for game players in the game experience

blockchain + applied supply chain: it can improve the transparency of the supply chain, establish a new supply chain system

blockchain technology can improve the transparency, traceability and security of the supply chain, and promote a kind of trust and integrity. 1) At present, the supply chain has many disadvantages, such as long chain, many intermediate links, many interest joints, opaque and so on; 2)
the distributed bookkeeping technology of blockchain can register the transfer of goods on the ledger as a transaction, and determine the participants related to the proction chain management, as well as the proct price, date and location

7.

By the end of 2019, the number of blockchain research institutions in China has reached 97. In addition, domestic colleges and universities have arranged blockchain technology research, strengthened theoretical knowledge innovation of blockchain technology, and improved their blockchain technology R & D capability. By the end of 2019, there are 24 colleges and universities in China participating in strengthening blockchain technology R & D. The core technologies are mainly distributed in consensus algorithm, cross chain, underlying architecture and multi chain

in 2020, the blockchain instry will be further standardized

in 2020, China's blockchain policy will continue to be favorable, the standards and specifications will be more perfect, the instrial scale will continue to grow, the technology will continue to innovate and develop, and the application demonstration effect in key fields will accelerate. At the same time, according to the problems existing in the development of China's blockchain in 2019, CCID blockchain Research Institute puts forward six suggestions: accelerating the formulation of top-level design, establishing and improving the regulatory system, accelerating the innovation and development of core technologies, promoting the third-party evaluation and certification, strengthening the cultivation of professional talents, and accelerating the implementation of applications in various fields

- the above data comes from the analysis report of China's blockchain instry market outlook and investment strategic planning of foresight Instry Research Institute

8. Blockchain application technology - jinwowo group will expand the next field: supply chain

in fact, the supply chain process is now opaque and defective, and the management is very difficult. However, these problems of supply chain are expected to be made up by blockchain. As an emerging technology, blockchain has proved its value, which helps different instries achieve transparency and improve efficiency<

jinwowo group shows the future of supply chain:

blockchain technology is likely to successfully change the supply chain and subvert the proction, marketing, purchase and consumption mode of commodities. In the long run, improving the transparency, traceability and security of the supply chain can promote an environment of trust and integrity, prevent some non-standard practices in the supply chain system, and help to build a safer and more reliable economic system

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.