On the road to industry, how does a decentralized blockchain replace the centralized Internet?

Falling out of reality is the end of the blockchain.

Written by Zhao Jing Mirror Editor | Mirror Editor

Production | Mirror Blockchain (ID: jingziqkl)

Even Facebook's Libra at the beginning of 2019 has failed to save the declining currency circle, and the once speculative speculative bubble is gradually bursting. At the other end, the always low-key industrial blockchain has ushered in opportunities.

Industrial blockchain is about to break out?

At present, the application space of blockchain technology is relatively wide. Well-known companies at home and abroad have begun to deploy blockchain, such as: Alibaba explores the use of blockchain technology to create a transparent and traceable cross-border food supply chain; Tencent explores the application scenarios of blockchain technology in logistics; JD.com has a sound Supply chain management capabilities, combined with blockchain technology, enhance collaboration and trust among participants; Amazon has used blockchain technology for cloud computing business, and Microsoft also released a cloud storage solution based on blockchain technology in 2018 , IBM uses the blockchain to identify and verify the authenticity of diamonds. Blockchain is receiving increasing attention from all parties in the international community, and the application of blockchain technology has become the focus of global investment.

In terms of blockchain application projects, the application of blockchain in the financial field is relatively mature . Supply chain finance, payment clearing, securities, insurance, and credit subdivisions have begun to be deeply integrated with blockchain technology. Gradually began to combine with other industries outside the financial field; currently these are still being explored, and there are few typical blockchain application projects that have an international demonstration role. In the future, it is still necessary to accelerate the creation and cultivation of such projects. Globally Governments of various countries are also encouraging and supporting enterprises to actively research the blockchain, so that the new technology of the blockchain will integrate its own advantages into the existing ecology, which will generate a strong driving force and leading role for the industry.

The technology of the blockchain in terms of security, privacy protection, governance, and cross-chain interoperability is still immature , which has hindered the widespread application of the blockchain to a certain extent. In fact, when we review the early development of the Internet, we will find that various Internet companies at the time also faced these similar problems, and once these problems are resolved, the entire industry will usher in a rapid development period.

Today, blockchain is still in the "pre-commercial period". It will take at least 2-3 years from infrastructure to the explosion of truly large-scale applications.

Will the centralized giant be the enemy of decentralized enterprises?

A very important feature of the blockchain is decentralization. Will those centralized giants be our obstacles? How does a decentralized blockchain overcome a centralized BAT? Giants have a natural advantage in participating in the blockchain. Do small companies have a chance?

These are meaningless questions, because "thinking about Facebook in the Yahoo era is meaningless" , and any disruptive innovation comes from the edge breakthrough.

We must clearly recognize that most of the projects we have seen now-whether they are high-profile innovation projects or giant-scale explorations step by step-may become "cannon fodder" before the big age.

In addition, to a certain extent, a centralized Internet company has only replaced a small part of the functions of a more centralized government platform, and a huge amount of energy burst out. Alipay replaced some functions of the bank, QQ replaced some functions of the communication company. The two are not natural hostile relations, but can form complementary relations well.

Looking back at the development history of the Internet giants, they are all typical cases of edge breakthroughs:

Taobao was a platform for marginalized people to buy marginal products in the early days. At first, Alipay was only a few people's choice, and like many blockchain projects that are now full of loopholes, it is very imperfect. Even until 2009, the fast payment experience on the PC side was not friendly, and the payment success rate could not exceed 80%. Until 2013, it was finally accompanied by the improvement of anti-theft brush technology and the wide range of smart phones.

In the early days of QQ's development, people were criticized for lack of user activity. Ma Huateng also pretended to be a little girl to chat with users to retain them. Even for a while, Ma Huateng dreamed of selling QQ, but nobody asked for it, and no one was willing to buy it. At Tencent QQ, which had spent the dark moments, we know that it has ushered in great success. The QQ number has become almost as important as a mobile number. I have a QQ number, I have chatted with strangers, I have also played QQ space, QQ farm, QQ pet … It is the common memory of a generation of Chinese.

Technology is fair. Every truly brilliant moment of highlighting must be a moment when all prerequisites are available at the same time. The road to the blockchain industry also has no shortcuts.

For those who are concerned about the blockchain, this is the best and worst era, and many "edge breakthroughs" may be laying the initial foreshadowing at this time.

How to find the company that will "edge breakthrough"?

We also use Internet companies as an analogy. We divide Internet companies into two categories. One is the Internetization of products. Through Internet technology, various offline services are moved online to improve efficiency. The other is the Internetization of industries. Integrate the entire industry into infrastructure and create new industrial momentum. For example: chat rooms and forums are the Internet of products, QQ and WeChat are the Internet of industries; P2P finance is the Internet of products, and Alipay is the Internet of industries.

By the same token, there are bound to be two choices for chain-reformed enterprises, product chain reform and industry chain reform. Product chain changes can be effective in a short time, and it is also easier for everyone to think of, but this type of company does not have a "moat" , no matter how brilliant it is in the early stage, once the imitator appears, as long as a large amount of capital investment can catch up in a short time, Even drive you away.

The reform of the industrial chain will inevitably be hindered by traditional forces, and what is done must be extremely difficult. Even when the first wave of blockchain dividends arrives, you cannot share a slice of it. Such companies will always face life and death , And most enterprises will inevitably be unable to survive. The rest will be the "kings" of the blockchain era. They will replace the current Internet situation figures to stand on the top of the mountain!

Regardless of the ultimate success or failure, the original blockchain explorers will always leave their names in the digital world.

· THE END ·

Focus on the mirror blockchain to make you different

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

How is the NFT market performance of Azuki and Beanz? Let's start from the borrowing and lending activities.

This report comprehensively analyzes the performance of Azuki and Beanz in the NFT market, with a focus on their com...

Blockchain

Two SEC commissioners oppose SEC's enforcement action on NFTs.

Uyeda and Peirce believe that before taking further enforcement actions, it is necessary to first address questions r...

Bitcoin

Full Text of Avalanche Founder's Testimony: Blockchain Technology Flourishes, US Needs Legislation to Protect Innovation

Dr. Emin Gun Sirer, Founder and CEO of Ava Labs, attended the U.S. House Financial Services Committee's hearing on di...

Blockchain

How to use dynamic NFTs to provide liquidity products in the Sui public chain ecosystem?

GiroSwap is the first extensible dynamic NFT liquidity application protocol based on Sui.

Market

Interpreting the data on the growth of the NFT market in 2023: Is it due to new funds entering or old funds circulating?

What is the driving force behind the growth of the NFT market in 2023? Is it the internal circulation of funds within...

Blockchain

There have been rumors for 2 years that "Grand Theft Auto 6" will introduce cryptocurrency, why won't it integrate with Web3?

As of now, Rockstar Games has not released any official statement regarding the addition of encrypted assets in the g...