Heavy! Ali Dharma Academy releases ten major technology trends in 2020, "scale production-level blockchain applications will enter the masses"

2020 is such a sci-fi year. Entering 2020, it seems to return to the long-lost future. The new wave of science and technology has begun in the new decade, and the long-established intelligent revolution will usher in a disruptive technological change.

On January 2, 2020, Alibaba Dharma Institute announced the 2020 top ten technology trends , including:

1. The evolution of artificial intelligence from cognitive intelligence to cognitive intelligence;

2. The integration of computing and storage breaks through the bottleneck of AI computing power;

3. Hyper-convergence of the Industrial Internet;

4. Large-scale collaboration between machines becomes possible;

5. Modularity reduces the threshold for chip design;

6. Large-scale production-grade blockchain applications will enter the masses;

7. Quantum computing enters the tackling period;

8. New materials promote semiconductor device innovation;

9. AI technology to protect data privacy will accelerate implementation;

10. Cloud becomes the center of IT technology innovation. The report states that

2019 is a year of blockchain milestones.Blockchain technology is officially positioned as a national strategy, which opens a huge imagination for the development of the blockchain industry. The application of blockchain technology has extended to many fields such as digital finance, digital government, intelligent manufacturing, and supply chain management. Mainstream manufacturers have entered the blockchain field to promote technological breakthroughs and commercialization scenarios . Corporate stablecoins and national sovereign digital currencies represented by JP Morgan Coin and Facebook Libra are trying to restructure the global financial infrastructure network. The blockchain will officially face the test of massive user scenarios , which will place higher requirements on the system's processing capacity and increase the burden on participating nodes in information storage and synchronization, which will lead to system and operational efficiency in the existing technology environment Decline.

The dispute over the blockchain's route is gradually clear . From subversion to supplementation, from decentralization to deintermediation, the alliance chain architecture has become the industry's mainstream technology route. Focusing on the development of high-throughput, low-latency large-scale consensus networks, value-link LANs in various industries to improve the efficiency of multi-party collaboration are gradually emerging. In the traditional physical world, guaranteeing the authenticity of information from the off-chain to on-chain anchoring process has always been the focus of technical research in the industry. At present, the local area networks that are gradually being formed in various industries, through better data sharing, help the barrier-free flow of value networks, is expected to form a true value Internet network. In commercial networks, the blockchain guarantees that all information is digitized and shared in real time, enabling multi-party entities with a high degree of discreteness, long links, and multiple links to still effectively cooperate, but at the same time, it also brings storage costs and keys. Pressure on security, data privacy, etc.

Looking forward to 2020, the blockchain BaaS (Blockchain as a Service) service will further reduce the threshold for enterprises to apply blockchain technology. At the same time that commercial applications have landed on a large scale, the "local area network" and "data islands" of the blockchain network will be solved by new universal cross-chain technologies. Autonomous and controllable security and privacy protection algorithms and hardened hardware chips will become hot areas in the core technology of the blockchain, ensuring the performance and security of infrastructure. The one-stop solution based on software, hardware and software of the terminal, cloud, and chain further accelerates the process of enterprise on-chain and commercial network construction. The blockchain realizes the anchoring of physical world assets and assets on the chain by integrating with AIoT technology, further expanding the boundaries of the value Internet and achieving Wanchain interconnection. This will further consolidate the infrastructure status of blockchain in the trusted circulation of data and assets in the digital economy era.

In the electrical age, power consumption is a core indicator of economic level; in the 4G era, the number of active users on the Internet is a sign of prosperity; in the digital economy era, facing the mass user scenarios that will be brought, we believe that soon A large number of innovative blockchain application scenarios and multi-dimensional collaborations across industries and ecology will emerge in a spurting manner. At the same time, a batch of blockchain-scale production-level applications with a daily life of 10 million will enter the public . The distributed ledger based on the blockchain will further promote the effective transmission of the value formed by the digitalization of the industry in the digital economy, thereby building a new generation of value Internet and contract society.

Hardware chips such as end-, cloud- and chain-hardened core algorithms designed specifically for the blockchain will also emerge, realizing the anchoring of physical world assets and assets on the chain, further expanding the boundaries of the value Internet, and achieving Wanchain interconnection . In the future, a large number of innovative blockchain application scenarios and multi-dimensional collaborations across industries and ecology will emerge. Large-scale production-level blockchain applications with more than 10 million daily activities will enter the public.

timg

It is reported that Alibaba Dharma Institute was established on October 11, 2017, and its official website was officially launched on September 28, 2018. It focuses on 5 major research areas and has 14 laboratories. Today last year (January 2, 2019), Alibaba's Dharma Institute released “Top 10 Technology Trends of Dharma Institute 2019” , which included “Return to rationality of blockchain and accelerated commercial application”. The report at the time stated

In the digitalization process of various industries, the Internet of Things technology will support the trusted mapping of the off-chain world and on-chain data. Blockchain technology will promote the reorganization and optimization of trusted data on the circulation path, thereby improving the efficiency of circulation and collaboration. . In many scenarios such as cross-border remittances, supply chain finance, electronic bills and judicial deposits, blockchain will begin to integrate into our daily lives. With the value of "link", the layered architecture and cross-chain interconnection will become the technical foundation of blockchain scale. The blockchain field will return to rationality from excessive fanaticism and excessive pessimism, and commercial applications are expected to accelerate its landing.

After a year, everything has changed, and the blockchain industry has undergone tremendous changes. At the crossroads of the blockchain, we see the ambitions and dreams of big factories such as BATJ. Taking the ant blockchain as an example, the huge number of users in the Ali ecosystem provides rich scenarios for exploring blockchain applications. Up to now, nearly 50 scenarios of the Ant blockchain have been put into use, including judicial depository, public welfare, smart cities, cross-border remittances, supply finance, and product traceability.

From "the return of blockchain to rationality and the acceleration of commercial applications" to "large-scale production-level blockchain applications will enter the masses", it is foreseeable that the blockchain is accelerating the landing of commercial applications. Perhaps in the near future, Blockchain will change your life.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Robinhood Exceeds Expectations with Record Revenue and Profit in Q4 2023

Robinhood Markets Inc, a highly acclaimed online trading platform headquartered in the United States, achieved a nota...

Bitcoin

Satoshi Nakamoto: The Anonymous Genius Behind Bitcoin

Gabor Gurbacs commended Satoshi Nakamoto's decision to step away from the spotlight after creating his invention as o...

Bitcoin

Get Ready for the Bitcoin Rollercoaster CPI Report Expected to Give Insights on Potential Rally

Fashionista readers are eagerly anticipating the upcoming CPI report, hoping it will provide some relief for BTC, whi...

Market

UBS Joins the Crypto Party: Following HSBC’s Lead

UBS Group, the Swiss investment bank, will now allow exclusive high-earners in Hong Kong to invest in crypto-connecte...

Market

Binance Continues to Thrive: A Closer Look at the 2023 Performance Report 🚀💰

According to its 2023 performance report, Binance has successfully managed over $1.2 billion in assets and served a l...

Market

BTC Bulls Buckle Up as Price Soars to $38,000, Outshining Booming US GDP Growth of 5.2% in Q3 2023

Fashionista will be interested to know that the US GDP experienced a significant growth of 5.2 percent in the third q...