Which application of the blockchain first landed

Industry development enters an explosive period

Unicorn Finance: What is the current status of China's blockchain industry?

Zhu Kedong, Chairman of Zhongke Jincai: Currently, the blockchain industry ecosystem has gathered infrastructure providers, technology and solution providers, financial industry and industrial enterprises, venture capital institutions, and a series of auxiliary services. Associations, alliances, industrial parks, media, etc .; and new players are constantly entering the blockchain field.

According to the "China Blockchain Development Report (2019)" blockchain industry map, currently there are about 29,000 domestic blockchain-related companies, and more than a thousand listed companies claim to have direct or indirect links with the blockchain. In terms of the implementation of blockchain applications, the financial industry is the earliest and most widely used industry in blockchain applications. Blockchain technology has been applied to many financial services such as lending, payment, insurance, supply chain finance, credit reporting, investment and wealth management In the scene. In addition, blockchain has also been widely used in many non-financial fields such as property rights, law, customs, courts, telecommunications, digital identity and authentication, real estate, energy, and tourism.

At present, the blockchain industry ecosystem has gathered infrastructure providers, technology and solution providers, financial industry and industrial enterprises, venture capital institutions, and a series of associations, alliances, industrial parks, media, etc. that provide auxiliary services; and There are constantly new players entering the field of blockchain.

Unicorn Finance: In what direction will China's blockchain develop in the future?

Zhu Yidong: From a macro perspective, China will lead the global research and application of blockchain technology and the construction of standards in the future. The international voice and influence in the blockchain field will be enhanced in all directions. Another is the change in the production relationship brought about by the blockchain, which has triggered the business model of value Internet, which will accelerate the integration with the industry and become a new engine of economic growth.

From a micro perspective, first of all, cross-chain technology and high-speed blockchain will become the focus of future technological breakthroughs, and the difficulty of balancing the security and high performance of consensus protocols will be solved. In addition, the blockchain's autonomous identity becomes possible, improving the security and effectiveness of the public key system; the blockchain has created a new model of privacy protection, such as users not having to surrender data rights and anonymizing personal data in a controlled manner. The third point is that the blockchain accelerates the integration of big data, cloud computing, artificial intelligence and other technologies, and smart contracts and self-organizing business models complement each other and promote each other.

Which application of the blockchain first landed

Difficulty and difficulty of landing blockchain technology

Unicorn Finance: At present, in which fields is blockchain technology more mature?

Zhu Yongdong: Recently, the application of blockchain technology has extended to many fields such as digital finance, the Internet of Things, intelligent manufacturing, supply chain management, digital asset trading, and has landed in non-financial industries such as government affairs and people's livelihood. From the perspective of government affairs, the blockchain data sharing model realizes the reconstruction of government workflow and promotes the common maintenance and utilization of data across departments and regions. From the perspective of the people's livelihood, blockchain technology is used in education, employment, retirement, and precision poverty alleviation. , Medical health, commodity security, food safety, public welfare, social assistance and other fields.

Some time ago, we just won the bid of the Capital Airport Group Corporation's "blockchain technology-based passenger identity authentication research service" project. Capital Airport's "Blockchain Technology-Based Passenger Identity Authentication Research Service" project uses the multiple alliance chain architecture technology of the China Science and Technology Financial Group blockchain, which will build a complete airport security data blockchain platform for Capital Airport. By uploading data such as the passenger inspection results to the airport, the on-chain data is shared between the member airports and regional airports of the Capital Airport Group, which ultimately shortens the queue time for passenger security inspections, upgrades the new security inspection model, and creates a more secure, green, and efficient wisdom. Airport ecology.

Unicorn Finance: In which industries is blockchain technology difficult to land? why?

Zhu Yidong: Currently, the areas where blockchain technology is difficult to land are mainly concentrated in the financial industry. There are two main reasons. On the one hand, the government's intervention has just been strengthened, and some infrastructures are not sound enough. Because finance has huge business benefits in it, the motive for fraud and fraud is strong. Many people would not dare to use it without the certification of the government and supervision agencies. On the other hand, the government and people's livelihood projects must be on the chain before the financial industry. If the government and people's livelihood projects are not advanced, banks cannot do many things. Blockchain will be the first to land in the fields of cross-border payment, bill settlement, and supply chain finance with low real-time and efficiency requirements, and it will be relatively late in the field of inclusive finance with high real-time requirements.

Industry development dilemma to be solved

Unicorn Finance: What are the risks of blockchain development?

Zhu Yidong: At present, the biggest problem of consensus protocols is how to achieve a balance between security and efficiency. In addition, the current on-chain voting mechanism is still insufficient. The third problem is digital identification. For example, in the field of Internet of Things, there are many cases where the account does not match the real thing.

Unicorn Finance: Is there a better solution for the industry?

Zhu Yidong: In view of the balance between security and efficiency, in the future, under the premise of ensuring security, blockchain security can enhance the system security guarantee ability from four levels: cryptographic algorithms, communication protocols, engineering implementation, and use specifications.

With regard to the shortcomings of the on-chain voting mechanism, relying solely on online governance cannot solve the principal-agent problem of the blockchain ecosystem. This requires the support of offline governance such as legal supervision and reputation mechanisms to jointly improve the governance mechanism. In terms of digital identification, the government is also required to promote the establishment of an honest society. And with the government's push, an honest society can soon be established.