Zhongxiang Bit is strict: no blockchain technology team can make it without 50 people

Source: Mars Finance .

Author: Written thick

 

Mars Finance reports that the Blockchain & Digital Economy Summit Forum hosted by the Zhongguancun Science and Technology Park Management Committee and the China Information Association, and organized by the China Academy of Informatization Development and the China Communications Industry Association Blockchain Commission and the 8th Zhongguancun University The data day was held in Zhongguancun, Beijing on December 12. At the meeting, Yan Ting, the founder of Beijing Zhongxiangbit Technology Co., Ltd. delivered a keynote speech, "Shared Application of Blockchain Technology in Industrial Scenarios."

During the meeting, Mars Finance interviewed Yan Ting and learned his views on the development of the industry.

Mars Finance: In your speech, you said that the blockchain technology team cannot do it without 50 people. Why is there such a view?

Tight: Blockchain is an emerging technology, which is a combination of distributed data storage, P2P, consensus mechanism, cryptography and other technologies. Such a technology has a very difficult coefficient, so it is necessary to make blockchain technology A lot of manual collaboration is required, otherwise it is difficult to achieve the goal.

Mars Finance: But the code of the blockchain is open source, and a lot of mature content can be used directly, or does it require so much labor?

Yan Ting: Although the code is open source, it cannot be used directly in the development business. There is a long process from code to software, from software to products, from products to products, and finally, the ability of commercial products to operate on the market. Open source code can only be used for POC, and when it is applied, it needs to be changed. And the integration with the original business is not simple, in addition, there are high operating and maintenance costs.

Mars Finance: At present, many well-known public chains have stated that TPS can reach more than 3000, and there are not so many developers, but it still works well.

Yan Ting: Although many public chains have also developed well, it is another matter to form applications and do business. In reality, the specific business is very complex and subject to specific circumstances. Like the agriculture + blockchain I mentioned in my speech today, the idea is very good, but the IT foundation of this industry is too poor. This is a typical example of being constrained by the environment. For the blockchain to develop, the IT environment friendly. In addition, the public chain does not need operation and maintenance, and most of the operation and maintenance costs are shared by the community, so development should be facilitated. However, many enterprise-level businesses use the structure of the alliance chain. The cost of establishing and operating the alliance chain is very high, so the technical team's requirements are even stricter.

Mars Finance: The development cost of blockchain technology is so high, is there so much demand in the market? How will the development of the industry change in the future?

Tough and strict: The test for technology practitioners in the blockchain industry will be more stringent in the future. I firmly believe that as long as we do a good job in technology and create value, we can respond to no matter how the market changes. In fact, the application demand of blockchain in the market is still relatively large. For example, Zhongxiang Bit signed a contract of 60 million this year and has cooperation in the fields of finance, government, and military. The most basic deposit certificate is only the first step. Among the blockchain products we provide, there are black bank applications. List sharing platforms, supply chain finance platforms, and sensitive data auditing platforms for government services are all good application scenarios.

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

Blockchain

Lies of the trading platform——how to dynamically check the authenticity of transactions on the exchange

I. Overview of market transactions As an important participant and builder in the blockchain ecosystem, cryptocurrenc...

Blockchain

Deep analysis of the intent behind SEC's lawsuit against Binance: a jurisdictional dispute or a show of power?

Some observers believe that the SEC may be suing Binance to compete with the Commodity Futures Trading Commission (CF...

Blockchain

The money was not earned, and the head was almost bald: interview with the boss of the startup exchange

Currently, one of the most profitable industries in the cryptocurrency sector is the exchange. According to The Block...

Blockchain

Data decreased slightly, rumors triggered a single-day net outflow of Binance

From the data of the past week (02.17-02.23), compared with the previous week (02.10-02.16), all the data have slight...

Bitcoin

The Ripple case: Over or Underdog Victory?

Missed the latest in crypto this weekend? Catch up on the top stories here!

Blockchain

PAData: FCoin potential victims or more than 2000 people, per capita loss or more than 25 BTC

Analyst | Carol Editor | Bi Tongtong Production | PANews Data Partner | Chain.info On February 17, the FCoin, which w...