Hangzhou Financial Office hosted the blockchain training matchmaking meeting, Babbitt Ma Qianli 45 minutes to explain what is the blockchain

On November 12th, Hangzhou Financial Office hosted a physical enterprise innovation development training docking event with the theme of “blockchain + capital market”.

This non-public training is specially designed for the person in charge of the financial office of the Hangzhou Financial Office and the district, county (city) government and relevant management committees, the person in charge of the listed and proposed enterprises, and the person in charge of the Hangzhou Enterprise Listing and M&A Promotion Association.

The relevant person in charge of the Hangzhou Financial Office said in his speech that the activity aims to promote the integration and development of the blockchain and capital market in Hangzhou, and promote the high-quality innovation of listed and listed companies in Hangzhou with the theme of “digital economy” and new manufacturing. development of.

It can be seen that since October 24th, the Political Bureau of the CPC Central Committee conducted collective learning on the status quo and trends of blockchain technology development. Relevant government departments have successively organized research work in various fields. The companies invited to participate in the conference were also very active. On the opening ceremony, the participants obviously exceeded the expectations of the organizers. They were late to sit in the temporarily added chairs, or simply stood on both sides of the venue.

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On the same day, Ma Qianli, the vice president of Babbitt, was invited to give a lecture on the blockchain. In 45 minutes, it introduced the basic situation of the blockchain from the perspectives of regional cross-chain three-view, application, industry, commercial application and industrial outlook. He said : "The combination of blockchain and industry is a trend, and opportunities within the industry are spilling out."

For the blockchain "Xiaobai", this sharing of Ma Qianli is very valuable, and it is a very good learning material to build a blockchain overall view. You can also explain "What is a blockchain" to people around you about this logic.

The following content is organized by Babbitt.

Rational cognitive blockchain, first establish the correct "three outlooks"

Cognitive blockchain, ask yourself three questions.

First, is the blockchain a new technology? Second, what should the blockchain subvert? What is the revolution? Third, what does the token (pass, token, equity) in the blockchain mean?

The answers to these three questions constitute the "three views" of the cognitive blockchain.

Worldview: Blockchain is not a new technology. It is an innovative application model of computer technology such as distributed data storage, point-to-point transmission, and encryption algorithms in the Internet era.

Blockchain is not just technology, it is more like building block innovation, model innovation. Therefore, it not only changes productivity, but also brings about changes in production relations.

Outlook on life: Blockchain is not about subverting anything, and blockchain offers another option. The decentralized solution (pattern) represented by the blockchain can solve a lot of problems, but it can't completely replace the traditional centralized mode. For example, in cross-border transfers, Bitcoin can replace “original clearing and settlement” to reduce costs, but it also has problems such as low transfer efficiency and difficult supervision. Bitcoin in the double 11 shopping scene is not well-centered.

Traditional companies have a concern that using blockchains is to weaken themselves through decentralization. In fact, if the blockchain is used well, it can strengthen the centralization.

The blockchain is too young. Young to possibly produce the next BAT.

Values: Token is the engine of large-scale collaboration. After all, Token must have a landing scene, which is useful. Unusable Tokens, the vast majority of Tokens issued to send Tokens will die. But it has very good hype properties, easy to transfer, easy to split, and be cautious to participate.

What is the use of blockchain? Transforming productivity and production relations

Blockchain applications are still very early, and applications fall into two main categories, one for productivity applications and the other for production relationship applications.

Productivity applications can increase efficiency and security. For example, banks use blockchains in areas such as supply chain finance, cross-border business, and document business to improve the application scenarios of existing products.

However, productivity applications have always been in the stage of “holding the nails”. We look for nails in various scenarios based on the decentralization and non-tamperability of the blockchain, and try to solve some problems with nails.

Production relationship applications have changed the relationship between people and people, people and organizations, which is a longer-term application. I think it is more sexy and fascinating. For example, bitcoin, it can actually replace the bank clearing system. For example, a smart contract, which allows the code to execute a contract according to the rules. For example, in the DAO-style organization, everyone does not have an established central management. Everyone works according to their own interests, and finally the organization grows stronger.

Blockchain landing application, Babbitt practice

Scene 1, blockchain empowers municipal waste treatment

In the waste separation and recycling process, it is very important that the recovered garbage is disposed of as planned at a specific place and time. The existing solutions generally have the problem of insufficient trust of various process participants, and the use of the blockchain can not be tamper-proof and the real-time monitoring of the Internet of Things can realize the full process management of garbage sorting and recycling.

In Wuzhen, Babbitt is landing the “blockchain + Internet of Things” project to solve the garbage disposal problem. The blockchain technology of the project comes from Bystack, a blockchain service platform based on the “one main multi-side” architecture of the original chain. The Internet of Things technology comes from Wuzhen Street under the CLP Haikang.

Scenario 2: Blockchain empowers traditional financial assets

Everyone buys P2P assets. You don't actually know what is behind this asset? But blockchains enable traceable financial asset transactions.

For example, Babbitt worked with a provincial unit to make an agricultural system based on the blockchain in its provincial capital. Garbage sorting, depositing, traceability, etc. can be run on this system. The system has now run more than 6 million blocks.

The overall situation of the industry, the blockchain has a lot of room for development

At present, the blockchain industry has an overall scale of 300 billion. However, it still has a lot of room for growth compared with traditional large industries.

In the industrial structure, the blockchain is very special, and the main structure is as follows.

1. Public chain: The public chain is at the bottom, and the rest of the project is an extension of the public chain project. Representatives of public chain projects include Bitcoin, Ethereum, and the original chain.

2, technology expansion: equivalent to the extension and supplement of the public chain function, such as speed, efficiency, storage, security. Similar to lightning networks, side chains, etc.

3, vertical application: based on the application of the public chain, generally vertical in a specific area.

4. General tools and media, the former has wallets and exchanges, the media community is the traffic portal, and the future may be an important supplement to blockchain governance.

5, hardware. The industry leader appeared, and the mining machine company Bitumin and Jianan Zhizhi have submitted the listed materials. These hardware companies have amazing profitability compared to traditional manufacturing companies.

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