2019, I'm on the spot 丨 20s, comrades!

On December 27, 2019, the world's first blockchain year-end speech " Ling Listening 2020 " was held in Hangzhou. The opening remarks of Meng Yan, the deputy dean of the Digital Asset Research Institute and the founder of the Token Thinking Lab, made me excited. He says:

2019 is a very special year. From 2019 to 2020, this is not a concept of the New Year's Eve. This is a new era. After the past, the third decade of the 21st century is called the 1920s. Time flies too fast, comrades!


Before that, I had no feeling for New Year's Eve. I remember the last night of 2019, I was still sitting in the office rushing to write a manuscript, and after writing, it was already 2019. But on the night of December 31, 2019, I ran to Wulin Square to squeeze in with a group of young people, waiting for the bell to count down for the New Year.

Yes, an era is over and a new era has begun.

In the last year of the 1910s, the blockchain industry was not quiet.


Blockchain is a highly cyclical industry.In the beginning of 2019, the entire market continues the decline in the second half of 2018 and remains sluggish.

New funds are scarce, the project progress is slow and money continues to burn. The voices of the blockchain industry are dying, one after another.

Despair is spreading everywhere like African swine fever, leaving no glimmer of hope.

"Survival or destruction", the question of Hamlet's soul in Shakespeare's works more than 400 years ago has also become a problem that blockchain entrepreneurs need to face.

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Some of the project parties that couldn't stand it, some chose to disband, and some took the risk. The few remaining, continue to work hard.

The change of industries is a normal market behavior, but as a media person, especially a media person who also loves this industry, it should bring a light to entrepreneurs in a timely manner.

On the occasion of the cold winter, Babbitt launched the " Winter Avoidance Action " and quickly received more than a hundred applications from project parties. We selected promising project parties for publicity and reporting.

This charity event has been praised in the industry. Among them, TOP Network, IRISnet, Roadmap Protocol, and Keystore are still active in the industry, and some have become leaders in various segments. Of course, there are some projects that have not survived the cold winter and exited the industry.

On February 8th, "Wandering Earth" was released. This science-fiction movie adapted from Liu Cixin's novel was a box office and word-of-mouth harvest.


And Liu Cixin, just half a year ago, participated in the first World Blockchain Conference Wuzhen sponsored by Babbitt. Cross-border dialogue with a big brain.

Chang Yan's other identity is a science fiction writer. He has won the "Silver Galaxy Award", China's highest science fiction award for three consecutive years. On the second day after work during the Spring Festival, Changxun was totally insane and invited all the company members to go to the cinema to watch "Wandering Earth".

The line in it happened to be a footnote to the blockchain industry in despair at the time:

Hope is something as precious as diamond in this era.

Entrepreneurship is a lifelong death. Blockchain entrepreneurship is more risky and more tempting. If you do not have a firm hope for the future, it will be difficult to go long-term.

Break through

Entrepreneurs who continue to insist on starting to attack, some choose on-chain DeFi, some explore off-chain business. The former ran out of MakerDAO, while the latter has not yet experienced phenomenal applications.

Big factories began to exert their strength. In early 2019, Ant Financial started the Ant Blockchain Innovation Competition . At the end of March, JD.com open sourced the underlying blockchain framework JD Chain. At the end of May, Baidu open sourced the underlying blockchain technology XuperChain.

A-share listed companies have also frequently mentioned blockchain in their financial reports. Ping An, China Merchants Bank, China CITIC Bank, China Construction Bank, Suning and other listed companies gave the blockchain a lot of positions in the 2018 financial report. More than 60 companies listed on the New Third Board also mentioned blockchain in their annual reports.

Breaking out is not easy, and no one knows where the right direction is.

"Now the market is like people are getting lost in outdoor adventures. What should we do? We ca n’t find everyone the same way? Spread it out, who finds a way out, sends a signal to tell others, I have a way, follow me . "

This is the true voice of an entrepreneur that Babbitt interviewed last year, when he was seeking a breakthrough from off-chain business. It is regrettable that he did not wait for the day to find a way out.

Man in a question mark room

Big factories get into the game and like to cut in with BaaS .

This is supported by research data. According to a report released by ZionMarketResearch on October 23, 2018, the total value of the global BaaS market in 2017 was approximately USD 440 million, and its value is expected to reach USD 30.59 billion by 2024. The global blockchain is from 2018 to 2024 The CAGR of the services market will be 85.09%.

On the other hand, the cloud is a plus for the blockchain. Babbitt interviewed Shao Bing , head of the Tencent Cloud blockchain in April last year, and said:

The cloud is the infrastructure and a plus point of the blockchain. By deploying the blockchain in the cloud, you can obtain a flexible infrastructure and reduce the cost of integration, deployment, and operation and maintenance.

At the same time, the domestic public cloud war has begun. For example, Huawei, which has always been good at rigidity, once announced in early 2017 that it had surpassed Alibaba Cloud in three years to become the first in the cloud computing market in China.

Cloud services under the blessing of the blockchain have relatively better bargaining power. Today, Alibaba Cloud, Tencent Cloud, Huawei Cloud, and Baidu Cloud all match the blockchain with cloud computing.

Social network concept

Regarding the blockchain layout of A-share listed companies, Babbitt planned the " Special Issues in Annual Reports of Large Companies " and found that although most of them are in the exploratory stage, some have achieved outstanding results. For example, China Construction Bank took the lead in establishing a blockchain trade financial platform among its peers, realizing end-to-end full-process online processing of domestic letters of credit, forfaiting, international factoring, logistics finance and other products. Nearly 40 domestic and overseas institutions in the system participated in the process, and Signed cooperation agreements with 20 peers; as of the end of 2018, the cumulative transaction value of the platform exceeded 200 billion yuan.

breaking Dawn

On June 18, global social giant Facebook released the Libra white paper , which attracted worldwide attention.

Perhaps it is a coincidence that using this as a dividing line, China's blockchain has really started to accelerate.

On August 10, the super typhoon "Lichma", which happened once in 70 years, landed on the coast of Zhejiang. As I am in Hangzhou, as I am fortunate to witness the historical moment, a heavy news is released. Mu Changchun, deputy director of the Payment and Settlement Department of the People's Bank of China, said: After 5 years of research, the central bank's digital currency is ready to be released. Although the central bank has not made clear whether it is necessary to adopt blockchain technology, it does not predetermine the technical route, leaving at least a gap for the blockchain.

On the same day, Wuzhen, the second World Blockchain Conference of "Applications Without Boundaries" hosted by Babbitt , officially launched its registration. But at the time, no one would have thought that this blockchain conference held in early November would be a mess.

On August 18, the policy sent the first wave of gift packages. On the same day, the State Council of the Communist Party of China issued the "Opinions on Supporting Shenzhen to Build a Pioneering Socialist Demonstration Zone with Chinese Characteristics", and proposed to support the development of innovative applications such as digital currency research and mobile payment in Shenzhen.

After the news was released, the message "Shenzhen is expected to be the first country to pilot the digital currency of the central bank" was swept across the circle of friends. However, few people who forwarded the message at the time noticed that this idea was proposed 3 years ago .


On October 15, the "White Paper on Blockchain Service Network Basics", which was jointly prepared by 6 units including the National Information Center, China Mobile Communications, China UnionPay, China Mobile Financial Technology, Smart Government and Enterprises, and Beijing Red Date Technology, was released, which marked that Following the Internet giants, the national team officially entered the field with high profile.

During the period, other participants in the industry worked as usual. China National Institute of Electronic Standardization held the third China Blockchain Development Contest Achievement Conference and released two blockchain group standards, the "Blockchain Privacy Computing Service Guide" and the "Blockchain Cross-Chain Implementation Guide". . Yuandao was busy preparing for China's first 5G chain network engineering task force in Nanjing. Wanxiang Blockchain held the "2019 Shanghai Blockchain International Week", which launched the MOV protocol more innovatively than the original chain. Completing a new round of financing, Jiang Guofei predicted at the Yunqi conference that the blockchain will have a number of applications with daily life in one year. Tencent released the 2019 blockchain white paper …

The rhythm of everyone was disrupted on October 25.


On October 25, Xinhua News Agency announced that on the afternoon of October 24, the Political Bureau of the Central Committee of the Communist Party of China conducted the eighteenth collective study on the current status and trends of blockchain technology development. The General Secretary of the CPC Central Committee Xi Jinping emphasized during the study that the integrated application of blockchain technology played an important role in new technological innovation and industrial transformation. We must regard blockchain as an important breakthrough in independent innovation of core technologies, clarify the main attack direction, increase investment, focus on overcoming a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.

The collective study this time, history called "10.24 speech."

Once the news was released, people from different industries and in different regions were all rejoicing and reached the same consensus like never before: Blockchain technology has become the general trend.

The blockchain has ushered in a policy guise, and many blockchain technology service companies are too busy.

"My phone is about to be blown up", "I also received a lot of information here, and people from all walks of life came to ask about blockchain innovation", "The spring of the application of the blockchain and physical enterprise scene comes Up. "

Benefiting from this speech, the second World Blockchain Conference Wuzhen hosted by Babbitt achieved unprecedented success. This summit innovatively launched "Friends of Babbitt and ta", the world's first blockchain multi-year speech "Ling Listen 2020", set up a 4,000-square-meter pavilion area for the first time, and issued "2019 Wuzhen for the first time to the industry". Blockchain Declaration. The total number of participants exceeded 11,000, and there were more than 30 surrounding activities. The article's total network exposure was 13.5 million, and the official live broadcast watched 1.2 million.

The starting gun officially started, which means that the real game has begun.

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Some technical teams engaged in public chain research and development have also begun to invest some of their power into the alliance chain business. After all, this is a business that can generate cash flow.

Local governments quickly organized officials to study blockchain, researched and formulated blockchain support policies.

Head companies with blockchain technology have also achieved positive results, and Jianan Technology and Financial One Account have completed listings in Nasqq.

China's capital market finally stopped watching and launched the Blockchain 50 Index , which opened the door for future listings of real blockchain technology companies.

As a recorder in the blockchain era, all that is needed is to leave a copy of history.

At the end of the year and the beginning of the year, we planned a " SheKnows end-of-year debate 丨 2020, the big change of the blockchain ", trying to start from the perspective of entrepreneurs, investors and researchers from the four sets of keywords: Find out.

Among them, Jiang Chun, a managing partner of Pricewater Capital, quoted a sentence in "The Analects of Confucius", "I will not be guilty, and I can't live without food" is impressive, reminding blockchain entrepreneurs not to stick to the "fundamental theory" "Blockchain technology must be applied to its application. It is precisely because of adherence to "fundamentalism" that some entrepreneurs are addicted to the ivory tower and cannot extricate themselves. They have no ability to produce social value.

According to the normal writing process, here is to look forward to the industry, but not everyone is Trump, and you can predict that the US president will start war on Iran 9 years ago. Let me talk about my personal feelings. Standing at the starting point of the 1920s, I hope that the blockchain industry will be arrogant and irritable, and the bubble will not repeat itself. Everyone can delay gratification and stay steady. Less talk about independence and control, more open source. Talk less about subversion and work more.

Finally, I conclude with a poem by the late poet Liu Shahe:

Please ride on the ideal horse and start the journey with a whip, the spring is just right, and the sun is clear in the sky.