On May 28th, at the 3rd China International Big Data Industry Expo “Blockchain and Social Governance Specialâ€, He Baohong, Director of Cloud Computing and Big Data Research Institute of China’s ICT, and Executive Vice President of Trusted Blockchain Alliance He Baohong The top ten trends in global blockchain (2018) were released.
Director He Baohong mentioned that last year to this year, the blockchain industry has produced six changes, including: from centralized storage to distributed storage; through smart contracts, previous plug-in contracts to built-in contracts; From the credit institution to the credit machine; through the blockchain, it can be immediately cleared and settled, so that the information flow and the capital flow can be more closely coupled together; through the blockchain structure, the previous database is the levy, nuclear, reform, and investigation Operation, only reading and writing left today, that is, not tampering; data is becoming more and more assetized, assets are becoming more and more data-oriented, and a new mechanism is needed to deliver assets more efficiently and conveniently.
The ten major trends include: blockchain technology is constantly iteratively updated, and is developing in the direction of large integration; the development of blockchain industry is accelerating, and the main theme of “de-virtualization to reality†is entered; the application scenarios of blockchain are increasingly complex, and the importance of cross-chain interconnection Highlighting; blockchain standardization work speeds up, countries compete for standard-setting rights; blockchain privacy protection mechanisms are diversified and become key lubricants for activating commercial applications; blockchain security issues raise concerns, and there is an urgent need to focus on and seek solutions; Blockchain intellectual property competition is becoming increasingly fierce, and Wanwu Internet will expand the patent layout; blockchain market propaganda can be expected, allowing business to return to full competition; blockchain triggers policy supervision issues, but the two complement each other; blockchain talents become the key In the link, all parties will increase their efforts.
The following is the full text of the speech, Babbitt information finishing, without the speaker confirmed:
He Baohong: Dear leaders, last year we released the top ten development trends of the blockchain in 2017 in Guiyang. Today we have come to Guiyang to release our latest blockchain awareness, which is also ten trends.
The biggest change we have made from last year to this year is the growing number of people who care about the blockchain. Probably six changes, storage, centralized storage to distributed storage at the time, so that we have the opportunity to build a distributed ledger, we maintain a database by one party or a book to more multi-party maintenance, through intelligence Contracts, formerly external contracts went to built-in contracts. We increased the transparency of information and moved from credit institutions to credit machines. Our previous information flow and capital flow were separated. Through the blockchain, information flow and funds can be made even through liquidation and settlement. Streams can be more closely coupled together. Through the blockchain structure, the previous database was the four major operations of levying, nuclear, reforming, and checking. Today, only reading and writing are left, that is, it cannot be tampered with. Today, as data becomes more and more assetized and assets become more and more data-oriented, data assets make us need a new mechanism to deliver assets more efficiently and conveniently.
We have about ten trends:
Trend 1, blockchain technology is constantly iteratively updated, and is developing in the direction of large integration.The formation of core technology, there are probably two things, one is the storage aspect, from a single key value database to the integration of IPFS, relational database, distributed database and other directions. From a single consensus mechanism to a multi-class hybrid consensus mechanism evolved. From other ecological environments, the blockchain is being combined with cloud computing to realize service customization and diversification. We need to do a lot of underlying technical processing. The public chain and the alliance chain are expected to complement each other and further deep integration. In particular, it is necessary to go through the process of cloud computing development in the past few years. Originally, there were public clouds and private clouds, and later came out in the public cloud.
Trend 2: The development of the blockchain industry has accelerated, and it has entered the main theme of “de-floating to realityâ€.We believe that the blockchain should be in the 2.0 era, instead of entering the 3.0 or 4.0 era, it is still the "platform + smart contract" era. Although it has made a breakthrough, there is still a long way to go before large-scale commercial development. We used to be mainly virtual assets or virtual currency. Now the process is accelerating, and more applications are applied in the fields of medical care, justice, and energy.
Trend 3, blockchain application scenarios are increasingly complex, and the importance of cross-chain interconnection is prominent.We have done a lot of blockchains, forming an island. With the increasingly complex application scenarios, especially with the real world, the link cooperation is becoming more and more powerful. Whether the cross-chain technology can break through the challenge becomes the key to its development. Cross-chain and side-chain technologies realize the key to value network transmission, and the blockchain expands and connects bridges. There are some cross-chain technologies on the left, including notary mechanism, side chain/relay, distributed private key, etc. .
Opportunities and challenges coexist, from physical assets to digital assets, online and offline interaction, chain-chain interaction needs to do this work. There are also delay problems, parent chain forks, and how the network structure is designed, which is also a new problem.
Trend 4, blockchain standardization work speeds up, and countries compete for standard setting rights.The first category is the traditional standardization organization, including IEEE, ITU-T, ISO/TC 307, R3CEV, W3C. There are currently more than 80,000 blockchain projects, only 8% are being maintained, and the average life expectancy is 1.22 years. Death is also fast, lack of unified standards, is not conducive to the development of blockchain technology innovation and project application. Our total GDP of 10% in 7 years is a blockchain. If our standards are not uniform, how can we achieve this goal? The right to formulate global blockchain standards is in competition. European countries and Asia-Pacific countries are at the forefront. The United States has strong technical advantages and is stable and stable. There is a feeling that everyone is united. The United States is mainly in infrastructure, Singapore and Australia. The power is relatively slim, and China is actively participating. We have established a distributed ledger, and we have established a trusted blockchain plan in China. At present, nearly 200 companies have joined, hoping to make the blockchain technology and the blockchain industry itself more transparent and more open through a more transparent and open approach. Our blockchain is mathematically trustworthy. When the mathematician's idea is implemented by software engineers, it may not be credible. It may lack arms and legs, so our goal is to let engineers make The code is also more trustworthy.
Trend 5, the blockchain privacy protection mechanism is diversified and becomes a key lubricant for activating commercial applications.Including ring signatures, multi-signatures, mixers, zero-knowledge proofs, homomorphic encryption, etc., to find a privacy protection algorithm suitable for business scenarios, especially in combination with the real economy, this is a way to go.
Trend 6, the blockchain security issue is causing concern, and there is an urgent need to focus on and seek solutions.How to surround the physics, data application system, blockchain security system This is a very important issue, we simply search the online blockchain security, the problem of multi-line code value billions. From 2017 to 2018, global blockbuster safety practices caused losses of up to $2.864 billion, especially in 2017, which began to show an upward trend. In 2018, the loss amounted to $1.9 billion. There are many things we can do in terms of transaction traceability, code holes, and cryptographic algorithms.
Trend 7: The intellectual property competition in the blockchain is becoming increasingly fierce, and the Internet of Everything will expand the patent layout.The number of patent applications filed in China in the past two years has risen linearly. In 2017, the number of Chinese patent applications ranked first in the world. The patent application is mainly enterprise-oriented, and there is still no market leader. This is related to its origin. Unlike cloud computing and big data, the blockchain is born in the grassroots, so it will lead to no dominant enterprise application. Phenomenon, this also creates more opportunities for everyone.
Trend 8, the blockchain market propaganda competition can be expected, allowing the business to return to full competition.In 2017, it is expected that the proportion of team members in the blockchain enterprise will change. We have few former technicians, and the market demand is very large. We need to recruit more businesses, vertical industry experts, market business promotion experts, etc. Blockchain from the media. Services are accelerating and will form a new pattern around the blockchain media.
Trend 9: The blockchain raises policy regulatory issues, but the two complement each other.Blockchain technology may become a double-edged sword, using blockchain to supervise blockchains, as we have extensively discussed, especially in the financial sector, where technology is being used, and technology is used to manage technology. Because the problems caused by technology can only be solved by technology, and people can't support it.
Trend 10, blockchain talents have become a key link, and all parties have increased their efforts.In recent years, the cost of blockchain technology talent has risen sharply. The global demand for blockchain talent has increased significantly from 19 years ago to 2017 by 19 times, but even so, the proportion of people engaged in the blockchain industry is in the whole system. The median ratio is very low, so the demand for talents in this area is very obvious. We have seen 27 universities around the world set up clear blockchain-related courses and training courses, including universities in China and the United States, and are actively cultivating talents in this field.
This is the development of the blockchain we observed in 2018. I hope that our top ten outlook will be useful to everyone.
To sum up: the blockchain opens up the era of Internet “public opinion consensus†in which information and value are freely transferred. Blockchain technology and applications are still in the exploration phase, requiring both safety and regulation. Embrace blockchain thinking and promote high quality development.
Finally, I hope that the blockchain industry will develop healthier and more orderly. Thank you!
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