Symbiosis of 5G, Internet of Things, and Blockchain: Record of 2019 IT Leaders Summit

When the morning sun shines on your face, you wake up and open your eyes, and the toiletries and hot breakfast are ready for you. When you step out of the elevator, the driverless car has started to wait for you to sit, the music in your car is placed, the air conditioner has been adjusted to the most suitable temperature.

This seems to be the scene in science fiction or film, but with the acceleration of the 5G era, the distance that dreams become reality has gradually approached.

With the advent of the 5G era, low-latency, high-speed, high-capacity, and large-scale links of devices have made the Internet of Everything a reality. According to Iintelligence, by 2025, the number of IoT connections worldwide is expected to exceed 25 billion.

However, in the process of the Internet of Things and big data outbreak, how to solve the problem of trust and privacy between people, people and things, things and things? When all terminals access the Internet of Things in an open manner, how can data security be guaranteed?

Decentralized, non-tamperable, traceable blockchain technology, combined with cutting-edge cryptography techniques, may be able to solve this series of problems.

At the 11th IT Leaders Summit on March 31, Zlink found that although 5G and AI are the theme of this year, blockchain technology is still active in sharing guest speakers.

Li Xiaojia: "The Far and Near of Data and Capital"

Li Xiaojia, Chief Executive Officer of the Hong Kong Stock Exchange, delivered a speech entitled "The Distance and Nearness of Data and Capital." Li Xiaojia believes that the 5G era will lead to new capital operation and trading models. The development of blockchain and encryption technology will help data to be traded between different entities.

Data is raw materials, computing power is nuclear kinetic energy, and AI is new production. Li Xiaojia believes that in the 5G era, the development of the Internet of Things and artificial intelligence has generated a large amount of data, and data has become a commodity and raw material. The computing power of cloud computing has become today's nuclear kinetic energy, transforming a large amount of raw data into energy through production. The next step is production. In the past, it was production. Today is AI. AI converts big data into new products through the calculation of power, and new products can be profitable by selling them to customers.

Li Xiaojia Image Source IT Leaders Summit

Data and capital are far and near. The production chain of the 5G era has been quite clear. It is reasonable to say that capital is close to AI, but today's AI does not attract enough capital. Li Xiaojia explained that massive data is stored in various platforms of Ali, Tencent and Jingdong, and China has since entered the era of data economy. However, behind the massive data, there is a data island, even if it is difficult to avoid large platforms. Although each island has its own ecology, most of the data is left unused. However, the more data is shared, the more valuable it is.

Blockchain assertion and encryption technology are expected to break the data island. Li Xiaojia believes that under the 5G era chain, data security, standards, pricing, deposit certificates, and credit systems have not yet been formed, and all this can be solved through technology.

First, the sharing and transmission of data needs to take into account personal privacy, trade secrets, competitive interests, and regulatory requirements. In the case of encryption, the right to use and trade data is shared and sold, rather than the sale of bare data.

Second, the use of blockchain technology can completely solve the data identification, standards, pricing, deposit, credit and traceability. Especially traceability, each data can be used multiple times instead of one-time consumption of bulk commodities.

Moreover, blockchain technology allows data owners' interests to be returned to data owners in a few years.

Therefore, Li Xiaojia believes that encryption technology and blockchain technology reshape the new pricing system and traceability system, reshape the capital market in the 5G era, and new exchanges will emerge in the 5G era. The distance between capital and data will also increase. The closer it is.

Peter Vessenes: "M2M Value Will Eclipse Other Value Transfer by 2030"

Peter Vessenes, founding partner of Capital 6 in the United States, delivered a speech entitled "M2M Value Will Eclipse Other Value Transfer by 2030".

Peter Vessenes believes that the Internet of Things and the 5G era will generate a large amount of data, the value of data transactions is no longer confined to the traditional field, but gradually decentralized trading situation, the need for more new systems, extract more value.

The Internet of Things +5G brings massive amounts of data. Peter Vessenes believes that with the development of technology, the amount of data is getting larger and larger, and the data exchange between a single person and person produces a small amount of data. The Internet of Things +5G brings massive amounts of data, and the value generated by the exchange of people, people and things, things and things will increase. Therefore, a larger capacity and higher speed infrastructure is needed to handle the value of these transactions.

Peter Vessenes Image Source IT Leaders Summit

Blockchain technology is a zero-tier infrastructure. Peter divides the infrastructure into zero layers and one layer. The zero-layer technology is basically the current status of the blockchain infrastructure. It can use block technology to exchange and transmit data, and the privacy protection of data will also be greatly developed. The first layer mainly includes five areas: blockchain wallet, tokenized assets, decentralized transactions, data on the chain, and identity information.

Zero-layer technology is a status quo of blockchain infrastructure. It is now possible to use blockchain technology for data exchange and transmission, but at a very slow rate, which may increase by orders of magnitude in the future.

In the development of the blockchain, as its scalability and capacity continue to increase, there are many issues to consider, such as privacy protection, how to promote technology development without sacrificing our privacy is very important. .

In addition, functionality extends across the entire network, such as intelligence, contracts, etc., and people cannot intervene. The future blockchain technology will be very fast. It should be more than a dozen orders of magnitude growth compared to the present, and how many terminals can be added if you want to join.

Therefore, Peter Vessenes believes that the exchange value of data between people, people and things, things and things in the 5G Internet of Things era is a new system based on blockchain technology.

Both Li Xiaojia and Peter Vessenes have confirmed the important role of blockchain technology in the 5G and IoT era. The rapid development of 5G makes the Internet of Everything possible. In addition to the realization of data exchange, confirmation, and privacy protection, in fact, IoT devices can also use the decentralized and non-tamperable features of the blockchain as the base layer. Improve your performance.

At the same time, the high capacity, high rate, low latency and high coverage of 5G can further increase the number of nodes participating in the blockchain, thereby further improving the decentralization of the blockchain and reducing the block time of the blockchain. The improvement of blockchain technology performance further promotes the development of the Internet of Things economy.

When the Internet of Things, 5G, and blockchain technologies are organically combined to form a symbiosis, the future digital economy era will inevitably release greater economic value.

 

Text: Yi Baizhen

Editor: Wang Qiao