From the Internet yesterday, look at the blockchain tomorrow

First, yesterday's Internet

I once watched a video. More than 20 years ago, when Ma was still doing the Chinese Yellow Pages, he went to the door to sell. Others asked him: "You said so much about the Internet, then what exactly does the information Internet do?"

I remember that Ma Yun’s answer at the time seemed to say: “You can put all the information on the Internet and put it on the Internet. Your relatives, friends and customers around you can see your information online, even abroad. People in the world can see your information online."

The customer who listened to the face was so aggressive that it was estimated that the customer was thinking: "But I have no information to put on the Internet. What can I do in my daily life, food, clothing, food and shelter?" Can you see, what does it mean to me?

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But today, everything that Ma Yun said at the time became a reality. The Internet is like a whirlwind, sweeping everything around us. Now all the information around us is basically on the Internet. Not only do we usually live and work on the Internet, but our social relationships are also on the Internet. Friends and relatives are paying attention to us through the Internet, communicating with us, and indeed friends all over the world can see my information, and we can also do business with customers all over the world.

Second, the potential energy difference of information

Today, the information Internet has become the biggest trend we have experienced around us, and it is a trend that has lasted for 20 or 30 years. Then let's go back and think about it. How did this trend arise? The most critical point that causes this trend, that is, the potential energy difference we are talking about, where is it?

Information is transmitted on paper before the Internet is available. What is the concept of transmission on paper? Information needs to be conveyed in layers and in the form of meetings. From one person to another, from one department to another, a message from top to bottom may be ten days and a half. The most comprehensive and relatively efficient method of audience may have to calculate a book. Even if you write a book, you need to work hard for a few years to write it out. After writing it, you have to hand it to the editor for editing and review. A set of publishing house procedures, and then after the book is printed, you have to find a dealer to sell, go through a complete sales process, and then the book can get feedback from the readers, in order to have a social impact, information can be passed out.

With the Internet, we have Weibo and a circle of friends. If there is any information to be published to the public, it will be completed by sending it directly on Weibo. Whether it's content creation, review, distribution, and reader feedback, it's all done on the Internet, all on-the-fly, and information is transmitted efficiently.

Compared with the traditional information paper transmission, the Internet transmission information has the following advantages: first: zero cost, second: large-scale, third: rapid and timely dissemination. With the Internet, you can have these advantages; no, your efficiency is low, the cost is high, and the speed is slow, which creates a potential difference.

The difference in potential energy leads to the flow of information, which drives information to flow in a specific direction, and the large-scale flow of information forms a general trend of the information Internet.

Third, today's blockchain

Today, the historical stage of the blockchain is like the Internet of Ma Yun. Many people don’t understand what the blockchain is doing. They think that the blockchain practitioner is a liar, even if you explain it to him clearly. Chu, said that data can be achieved without tampering, can achieve open and transparent transaction records, can carry out distributed collaboration, can issue assets and the like, others will not understand what you are doing, they will also say such a sentence, What does this have to do with me?

In my opinion, today's blockchain has formed a new historical trend, just like the Internet of the year. This new trend, from a commercial point of view, even exceeds the Internet. If we don't realize this trend now, then after twenty or thirty years, it will be us who are laughed at.

However, before we want to convince others, we must first figure out what the blockchain can do. What is its core?

A common question about the blockchain, saying that the blockchain project is all speculation and bubbles, there is no point to land, there is no improvement in real life. It is definitely wrong to say this, we can select the most typical hot spots in the blockchain industry for analysis.

For example, the biggest hot spot in the blockchain industry is of course Bitcoin. Although many people say that the speculative nature of Bitcoin is greater than the real use attribute, no one denies that Bitcoin has real use value. Going to cross-border transactions, going to Starbucks to buy coffee, there are people who actually use Bitcoin as the payment currency, and the dark nets and hackers we often hear are all using Bitcoin for transactions, although dark nets and hackers listen. There is always a little gray area, but the innovation starts from the gray area.

What practical convenience does Bitcoin give us? First, it is a world currency. People all over the world recognize it. In actual transnational transactions, there is no longer any trouble with currency exchange. Second, everyone can use Bitcoin and related financial services. Requires any third-party license, does not require traditional bank accounts and KYC; third, in cross-border transactions, the cost of money payment becomes very low, and the efficiency becomes very high, of course, this is not the same as Compared to the traditional currency, the digital currency is compared to the traditional French currency. Traditional legal currency payments, when it comes to cross-border trade, are very slow and involve settlement and liquidation of multiple banks in multiple countries.

Let's look at the second hot spot, ICO. If bitcoin only scratches the first whirlwind of the blockchain world, then ICO is the point that makes the blockchain really hot. What did the ICO actually do? First, it allows people to freely distribute assets. Second, it enables people to finance efficiently. Although many people use ICO to engage in fraud and air currency, the technology itself is innocent.

From a technical point of view, ICO does make the issuance of assets very simple, zero cost, a few seconds, you can issue an asset, and all future transaction records of this asset are open and transparent, and cannot be tampered with. Financing with ICO is simply too efficient. Compared with the traditional equity financing model, complicated registration and verification procedures are very big progress.

The third hot spot is cross-chain. Many people say that cross-chain is the future, then what is cross-chain? In fact, assets are transferred and exchanged in different blockchains, and the cross-chain enables the assets issued in different blockchains to be directly and efficiently circulated.

We try to summarize the above three advantages: 1, Bitcoin, making payment more efficient, lower cost; 2, Ethereum, making asset issuance and financing more efficient, lower cost; 3, cross-chain To make assets transfer between each other more efficient and less costly.

Fourth, the potential energy difference of the blockchain

These things that have already landed or are landing are similar, as if they are vaguely revealing some clues. Now we can also ask this question: Is there a similar potential energy difference in the blockchain industry? I think it is also there!

At present, our information can be freely transmitted, but the assets are not freely transferable. Some of the assets are still transferable, but the restrictions are too much, the efficiency is too low, and the cost is too high.

When we talk about assets, in addition to a few highly liquid financial assets such as stock bonds, most of the time we actually refer to those that have evidence. For example, real estate, we have real estate license; shares, we have equity certificates; patents, we have patent warrants; articles, film and television works we have copyright certification.

An asset corresponds to a card, and this card is also on paper. In fact, it can be understood as such. Most of our assets are now in the same stage as the information of the year.

Similar to the delivery of information, when your assets are on paper, it is very troublesome to transfer. For example, if our real estate license is to be transferred, then you need to bring a series of information, according to the real estate license. The team that has been in the queue for a long time completes the transfer procedure. This process is far from being as simple as what I said in the text, the trouble of the middle of the program, and all the people who have participated have a deep understanding.

For example, if you acquire a stake in a non-listed company, you will sign a contract with the company. After signing the contract, the company will make a business change. The stock may have various restrictions, such as limited sales. Period, for example, how many years can be lifted, such as how many years to lift the ban, every step of it must deal with the Industry and Commerce Bureau, relying on the trust of the company. From the company's point of view, the process is also very troublesome. This is the difficulty of the real value transfer level. The transfer of value of each step of yours, or the change of the value ownership in essence, depends on the certification of the Trade and Industry Bureau.

In fact, most of the time, the Trade and Industry Bureau is responsible for a publicity function. The function of this publicity can be completely replaced by an open and transparent block that cannot be tampered with. If it is replaced by a blockchain, the contract signed between the company and the individual, As long as a smart contract is opened on the corresponding blockchain, the change, lock-in, sales restriction, transfer, transfer, and cancellation of ownership ownership can be completed by smart contracts.

Resolving asset transfers with paper and queuing now, blockchains are used to solve asset transfers faster, at lower cost, more efficiently, and fully automated.

With the blockchain, assets and currencies can be transmitted efficiently, at low cost, and on a large scale. Without blockchains, assets and currencies can only be transmitted inefficient, high-cost, and small-scale, thus forming a potential energy gap.

And this potential energy difference will promote the chain of asset blocks, forming a trend of asset block chaining, until all assets are blockchained, the potential energy difference will be smoothed out.

This trend has now begun to spread and has begun to solve many real problems. For example, the currency mentioned above cannot be paid directly to the peer-to-peer. After the bitcoin comes out, it can be used. This is from the inability to spread to the point where it can be propagated. For example, financing is conducted offline, and it requires a very complicated review process. It also takes a lot of money. Time, after the emergence of ETH and ICO, the efficiency of financing TOKEN has increased a lot, from low efficiency to high efficiency; after the TOKEN of assets, the efficiency of transmission will be much higher, and the scope of transmission will be much wider, if not Restrictions, even directly to the world, are from small to large, and these are driven by this inherent potential difference.

Under the influence of this potential energy difference, the assets will move in a specific direction until they are all transferred to the blockchain. This moving process will form the biggest trend in the blockchain industry. This trend is the greatest certainty in the blockchain world and will also develop throughout the blockchain world for the next 10 or even 30 years.

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