Economist Ren Zeping published the "Blockchain Research Report" on the WeChat public account "Zeping Macro" today. The report mentioned that in the industry, it is expected that in the next 3-5 years, the financial industry will be the mainstay, gradually radiating to other physical industries, and the more realistic scenarios will be accelerated. The industry will develop from “1 to N” to include entertainment and product traceability. Credit information, etc. In terms of technology, the consensus algorithm and technical performance of the current alliance chain can better meet the needs of enterprises for actual business scenarios compared with large-scale public chains. It is expected to develop on a large scale in the next three years. In terms of policy, the blockchain can increase the transparency of law enforcement, detect the credit situation of the industry, and accelerate the innovation of the real economy. It is expected that in the future, countries will supplement their policy support according to their own circumstances. Overall, with the rapid influx of capital and talent, we believe that the scenario suitable for blockchain applications will accelerate, and the industry will develop faster and more standardized within 3-5 years. At the same time of rapid development, blockchains (especially large public chains) also face many technical, commercial and regulatory challenges such as low transaction performance, hidden security risks, unstandardized standards, and incomplete regulatory policies. This shows that the technology itself is still in the initial phase of “from 0 to 1”. In the future, in addition to the use of sidechain, lightning network, and cross-chain technologies, the blockchain needs to be deeply integrated with emerging information technologies such as 5G, artificial intelligence, big data, and the Internet of Things to improve technical performance and data quality under the chain. Reduce waste of resources.