Opinion: How does the distributed business of blockchain change the status quo of monopoly?

After more than ten years of development, blockchain technology has grown from 1.0 to 3.0, gradually developing a pattern of coexistence of public, private and alliance chains. With the development of blockchain technology, the standardization of blockchain technology is growing. Only when standardization can be interconnected can network effects be generated, the true value of blockchain technology can be brought into play, and the development of the blockchain industry can be truly promoted. So what is the current progress of the standardization of the blockchain, and what is the future development trend? In this issue, we are quietly observing the topic of standardization of the blockchain. Therefore, we invite two heavyweight guests to discuss and share their views. Mr. Fan Ruibin, deputy general manager of Distributed Commercial Technology Development Department of Weizhong Bank, Mr. Fan Ruibin, head of Weizhong Blockchain, and Mr. Li Ming, Director of Blockchain Research Office of China Electronics Technology Standardization Institute. The two guests focused on the topic of blockchain technology standardization, combined with their respective experiences to explore the development status and future trends of this field, and also published the view of how blockchain technology is industrialized. This issue is for readers. Share content related to blockchain standardization.

(Zuo Yejing Jing Li Ming Fan Ruibin)

01

Standardization work promotes industrial change

The two guests first introduced the standardization practice of blockchain technology, and some of the work done by China in the standardization of blockchain technology, and emphasized that only by doing standardization practice, the development of the industry is likely to really take the express train. The outstanding achievements of the industry can become the benchmark for industry-wide practice.

Founded in 1963, China Electronics Technology Standardization Research Institute is a direct institution of the Ministry of Industry and Information Technology. It is a basic, public welfare and comprehensive research institution engaged in the standardization of electronic information technology. As the director of the Blockchain Research Office of the Institute of Standardization, Guest Li Ming introduced his main work.

He said, "The first piece is standardization. Standardization is the standard that we have both international standards and domestic standards. We have been following ISO/TC307 for two years. Now there are about 11 standard projects in ISO. We follow most of them, pay more attention to the reference architecture, and several standards of the ontology. There are also two standards of HBE that we are doing in China. We have now set a national standard for domestic standards. We are now advancing. We are also working on a number of domestic blockchain giants such as Weizhong to do some group standards. Now we have released five, and we will release two this year. At the same time, our work of industrialization is based on standards. Advancement, including talent development, test evaluation, and development competition. It is important that we also promote the construction of the open source community. Of course, this is also the strength of our joint industry, including the micro-Bitcoins, is also a very important project in our open source community. We hope to promote industrialization through this standardization, provide a benign ecological environment for the industry, incubate or push More companies are using blockchain technology to develop."

In addition, Li Ming also introduced some basic methodologies of standardization work. The greatest value of standardization work is to reduce the trial and error costs of the industry. He said, "Our standard is to find certain rules in a chaotic state or disordered state, so that more people can benefit, so as not to let more people go to detours, such as some of this micro-bank The best practice, we summarize and extract, use the standard expression to guide the whole industry, so that the cost of trial and error in the whole industry can be reduced, which is also the biggest value of the standard. In fact, we professionally need to be industry-related. Experts collaborate to develop standards, which is to say that we develop standards. Generally, we use alliances or working groups to gather best practices to jointly extract excellent one-stage results. Standards also need to be iterated. Just like a product, for example, I may have to make a revision in five years, maybe eight years, or rewrite it. The standard itself is an iteration. It is like a small tree. It needs to be constantly trimmed during the growth process. It should be a long place. The standard is the same. In the process of industrial development, it is in the early middle and mature stages. Its problems, this can be a standard way to remove some of the relevant issues, and gradually the industry's help to track, so make rapid development of industry, which is the standard maximum value. "

Through the introduction of Director Li, we can see the importance and professionalism of standardization work. Only through the practice of deep integration with the industry can we promote the progress of standardization work, which in turn can promote the reduction of trial and error costs and the rapid development of the industry. .

(Guine Li Ming)

02

Methodology of blockchain application of Weizhong Bank

As the first Internet bank in China, Weizhong Bank has actively explored in the frontier of financial technology. In the current blockchain field, Weizhong Bank has deeply focused on the blockchain scene exploration and landing, and has achieved a series of results in technical research, scene landing, government cooperation, and link industry. As the person in charge of the blockchain of Weizhong Bank, Mr. Fan Ruibin systematically introduced their progress in this field.

He first introduced the characteristics of Weizhong Bank. “Weizhong Bank is the first Internet bank in China. Our role has always been technology, inclusiveness, and connectivity. Our partners may be divided into several categories, one category. It’s the platform side. They have users, data, and scenarios that touch the application. There are also some financial institutions. They have a lot of capital, capital, and financial products. Many things we do are actually equivalent to one. Connectors, through our technological capabilities, product design capabilities, and risk control capabilities, connect these partners together to provide better services to customers for the industry. This is our positioning and our operation. Features."

Subsequently, he specifically introduced the current progress of Weizhong Bank in the application of blockchain technology. "First, we have combined some partners to be an open source underlying platform. We will open up the underlying platform. The underlying platform itself is not just In order to do technical research, we hope to apply this technology to the production environment and exert its value, so we are also doing some application related to the blockchain. For example, we did inter-agency in 2016. On the reconciliation platform, we later made a quorum chain with our partners."

He emphasized that the application of blockchain technology is not the accumulation of so-called cases, but the value of creating the industry. "I think that in the past many times, blockchains have been proved to be a means, but our ultimate goal is not just to save it. But in the event of a judicial dispute or judicial arbitration, the data stored on the blockchain can be accepted as evidence, thus completing its entire value closed loop. After we made the arbitration chain, Guangzhou Arbitration in February 2018 The committee issued the industry's first judicial ruling based on the arbitral chain, which also marks the completion of a value loop in the blockchain technology in the field of judicial appraisal and judicial certification. I think this is quite meaningful. Later we did it again. In some cases, for example, we cooperated with Tencent Haina to promote the construction of the owners and the community in the smart community of Tencent Haina. In addition, Weizhong also established a gold chain alliance with some partners in 2016. Block Chain Cooperation Alliance), now there are more than 100 institutions in it. We think that in the early stage of the industry, if There are some like-minded partners, together we can work together, sharing resources, and common block chain to explore the underlying applications and standards, together to promote development of the industry, I think for every company, industry is very good. "

We can see the value of the open collaboration that is very influential in the field of financial technology, and the value created by the application of blockchain technology and the standardization of blockchain technology. As Fan Ruibin said, the work of standardization is in fact a consensus of the industry at certain stages. These consensuses are a very important precipitate for the past and a good guide for the future.

(Guest Fan Ruibin)

03

Distributed business changes monopoly status

In addition to the experience of standardization and industrial practice, the two guests focused on the application prospects and trends of blockchain technology as a distributed business, especially on how distributed business changes the monopoly of technology and banks.

Fan Ruibin said, "Under the current business environment, in fact, many times the stronger the stronger, the more and more such monopoly. This monopoly is getting more and more serious, we don't think this is a good phenomenon, except Beyond this monopoly, I believe that there may be another model for the development of this commercial civilization, which is just the model of distributed commerce. This model is actually important to reduce or even get rid of monopoly. A business. We believe that if we support distributed commerce, we need infrastructure. The infrastructure includes some regulations and some application commerce. It is also important that the technology infrastructure, I think the blockchain is Supporting the technical infrastructure of distributed commerce, how do we do this? In fact, one of our ideas is to build this infrastructure by creating an open source ecosystem of blockchains. This is what we do. A main idea."

He believes that the key to understanding distributed business lies in the specialized division of labor. "Distributed business is very important, that is, professional people do professional things, professional companies do professional things, and maximize its value. We As a linker, we have a lot of scenarios for working with partners. This time it is quite suitable to use the blockchain, but we have two views on the application scenario, one is not very good in some existing scenarios. To meet the needs of customers, to see if the blockchain can be used to improve it, to do better, and to generate greater value for customers. Another point, I hope that regardless of these business model application scenarios, jump to these Think about the pattern."

Li Ming added the current difficulties in standardization work mainly in the achievement of consensus. He said, "The understanding of the blockchain is now a consensus. There are two problems. The first problem is the blockchain. Still in the early days, and as a definition or concept that we were unable to give to it in the early days, or what state it is in, we are only gradually polishing one of the arguments; another problem, some minority may deliberately enlarge The value and role of the blockchain, while the blockchain itself has financial attributes superimposed on the technological attributes.” He also expressed concern about the over-respect of the current blockchain technology concept, “for example, we now say purely distributed possibilities. No, but I may be semi-distributed, or a centralized deposit, it is also an improvement. But we will find that in many people who try this small step, there are not many people who know this, more People magnify its value and obtain the value that should be obtained through different perspectives. This is the future of extracting and overdrafting it. It also guides the supervision of this. Attractive, it will affect the development of the whole industry is abnormal. "

The above is the theme sharing of this program. The two guests in this issue discussed the role of standardization work in industrial development from the practice of standardization and the practice of industry integration. They also shared their application of blockchain technology and industrial development. The point of view allows us to get a lot of valuable insights. We will continue to pay attention to the development of blockchain standardization and the practice of distributed commerce. We welcome everyone to continue to pay attention to the observation of the public number. Whether it is the landing of blockchain technology standards or the promotion of distributed business concepts, we need a gradual process. We hope that people of insight can work together to promote the progress of this process and think about the future of blockchain technology commercialization.