Wuzhen·Policy is coming. Are you waiting to be acquired by BAT or become the blockchain native BAT?

On November 8th, the 2019 World Blockchain Conference hosted by Babbitt·Wuzhen was held at the Wuzhen Internet International Convention and Exhibition Center.

In the "Keep MOVing" special event of the original chain, Bepal CEO Hu Yuanquan, bit co-founder Wang Chao, than the original chain CFO Li Zongcheng, TAMC founder Lou Yiyue, Keystore business VP Jia Xudong, Cobo market VP stunned, Sin founder Gui Bin, Hangzhou excellent chain cloud business CEO Zhou Bin, Shenzhen Stock Exchange blockchain consultant Li Wei, than the original chain operations director Ma Qianli, etc., they have a wonderful round table discussion around the original chain MOV ecological cooperation paradigm .

The following content comes from the roundtable forum, organized by Babbitt.

Question 1. What do you think of the value and future prospects of cross-chain?

Of course:

• "Bitcoin Revolution" report: Bitcoin economy is similar to Europe in the 16th century, optimistic about the derivatives market
• The world's first CBDC, Tunisia's counterattack
• Singapore Monetary Authority and JPMorgan Chase to develop blockchain-based cross-border payment prototypes

Cross-chain, which is much like the early LAN, forming a complete Internet through cross-chain technology. There is a lot of room for development across the chain.

▲TAMC founder Lou Yiyue

Lou Haoyue:

Cross-chain is a hotspot that can't be avoided in the blockchain in 2019. For those who trade, the biggest impact is that there will be investment opportunities in some trading varieties.

Li Zongcheng:

When there is no cross-chain, everyone is doing asset innovation on a single chain. Cross-chain technology can put mainstream digital currencies such as Bitcoin and Ethereum into a cross-chain platform. Cross-chain platforms can combine these rich assets into more complex and rich diversity, and then sell them, which opens up a larger imagination.

Hu Yuanquan:

Cross-chain is not only an asset chain, but also the interoperability of the chain. In the future, some new public chains can use cross-chain technology to select other public chains to support its consensus layer.

Question 2. The guests are more important partners than the original MOV ecosystem and become a chain of nodes. What do you think is the most important factor?

Hu Yuanquan:

First, whether the eco-developer community is complete. Second, the user community, including whether the holder is healthy, is the same action. Finally, where is the possibility of ecological future applications.

▲Bot sent co-founder Wang Chao

Wang Chao:

In-depth participation in the public chain ecology is not our business focus. We also hope to cooperate with professional service providers to introduce services to serve our users. We are in the selection of service providers, but in essence they are similar to their own nodes, to assess the public chain ecology, initial heart, reliable or not, ecology and so on.

Lou Haoyue:

From the perspective of investment, the node is equivalent to holding the company's stock, and waiting for it to pay dividends. Of course, it depends on whether the chain has long-term value-added value. There are several points in the evaluation dimension:

First, see if the power of the developer community is strong. Second, see if it is in the mainstream development community. Then, see if investor confidence is strong enough and whether the willingness to campaign is strong. Finally, see if the direction and concept of development are consistent with the latest trends and trends.

Jia Xudong:

First, we have to combine some of our own advantages. To be a node itself is a business system of depository management, that is, financial management, and financial management means to absorb storage, which means being responsible to investors. Then, the security of digital assets is very critical. Therefore, security is our most important.

Second, our main partners are on the B side, and there is a staking requirement on the B side, then we will support it. We are an enterprise-level cryptographic asset service provider. We can't do nodes without B-side assets.

Third, after doing the node, we will also see if there is any benefit at the end.

▲Before the original chain operation director Ma Qianli

Question 3. How does the change in China's blockchain policy affect the future development of the industry?

Jia Xudong:

We can feel the government's enthusiasm for the blockchain. They really want to know how the blockchain is integrated with the local industry and how it conforms to some national policies.

Many startups in the blockchain are living very hard, companies don't care, they don't understand, they don't get orders. Now the spring breeze of policy will promote technology development, but I am not very clear about the extent to which it will be promoted, but I am looking forward to it.

Lou Haoyue:

I think there will be a big change.

First, the Token Incubation Agency in the existing market, etc., may be eliminated some or even all when the policy is more clear next year.

Second, the blockchain is an industry opportunity, but it depends on which level it is going to subvert the previous industry. There are four major functions when the Internet is generated: search, social, business, and entertainment. The first generation of the Internet wave was born with search, and the second generation of waves appeared in e-commerce and IM (communication).

The blockchain and the internet are somewhat similar but different. Its main functions are finance, traceability, confirmation, and non-pair encryption. The Internet changes the entity level. The blockchain may change to some extent the transformation of private and public domain traffic and some financial implications.

There are two possible scenarios: First, small startups and technology companies are acquired by Internet companies such as BAT and become a part of a large group. It may also be the result of the previous segmentation of the industry, such as Maker DAO, which will have a new blockchain native BAT.

I think the recent opportunities are:

First, provide technical services for large enterprises or government departments. Second, traditional financial companies, asset management companies and Internet companies will transform or do "+ blockchains", and small companies will have opportunities for mergers and acquisitions.

Li Zongcheng:

First, the 2G business will have a relatively large upgrade. Second, the exchange will be hit by a big impact. For example, a licensing exchange appears. There is a direction that is not going to change – the public chain.

Wang Chao: Everyone generally feels that the world is secretly “discharging water”. Countries do not want to limit innovation because of current regulations. On October 25th, China is not "discharging water". It may represent the first shot of China's financial war in blockchain technology in the future. This is more likely to be the direction of the internationalization of the renminbi.

Hu Yuanquan: With the implementation of supervision and law, things that are not clear or have no legal supervision will be clear. This is a very good thing for entrepreneurs, and everyone's path will become clearer and clearer.

Question 4: Will the giants have an impact on the original entrepreneurs?

Guibin: We are not afraid of them, we are ourselves. Do we have the patience or the way to live where we want to go while keeping our things. A lot of things are not conclusive now. Token and coins are not defined. There are too many changes here.

Zhou Bin:

Startups and giants are not antagonistic but fusion. The market is large enough, the customers are tiered, and the goal is tiered. The giants will be very professional in doing some blockchain business around their industry data. But when you jump to another strange scene, the advantage is not obvious. We have the opportunity to overtake the corner.

Li Wei:

The industry is very busy after the giants come in, but what kind of track are we in? From the current context of China, the giants are limited by the current business model and the rule of law, and their track and our true blockchain may not be one thing. I personally feel that the core of the blockchain entrepreneurship still has to grasp the essence, and its essence is to condense value.

The giants come in to advance our efforts in individual technical difficulties and individual algorithms. But the value of this piece is not to say that through technology, it can be replaced by the giant.

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