Is it possible for blockchain to give birth to new industries
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
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 blockchainthe emergence of bitcoin makes the status of "trusted third party" in danger. Bitcoin maintains a public account book through computer networking, which is completely open and not controlled by any organization. To be more precise, it is a large digital ledger that is publicly accessible and maintained by the whole distributed network, which we call "blockchain"
in the blockchain, all transactions are recorded, including the date, time, trading partner and number of transactions. Each node in the network has a complete of the blockchain ledger, which is equivalent to that each node has a of the ledger. Blockchain uses advanced and complex mathematical principles to allow all users in the system to participate in bookkeeping competitively. In a certain period of time, the fastest and best user records will be selected and recorded in the big ledger
nationwide bookkeeping makes the system have no specific independent third-party bookkeeper, the records on any node of the system are lost, and the other nodes have a full set of books, so that the information transmission and transaction conclusion will not be affected. If someone tries to make fraulent transactions, its node information will not be able to reach a consensus with the network, because its account book content is inconsistent with most people's account books, so it will not be recognized by the public, unless he can tamper with the account book records of more than 51% nodes. Obviously, this is difficult to achieve, because no one can control the accounting computers distributed on nodes all over the world at the same time. Therefore, blockchain will not lead to false transactions
through the blockchain, every transaction is open, and thousands of nodes anonymously identify the date x, time y, quantity n, etc. of the transaction, which is just like justifying all transactions as a notary. In this way, we share the same data source, which is open, transparent and reliable. This is the reason why we trust blockchain and the essential attribute of blockchain technology
in short, blockchain can subvert the existing world. Ethereum and decent are the most typical examples. However, at present, they only stay in theory.
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.
we can probably see what the future blockchain will be like.