What is the trend of blockchain development

The sudden epidemic has put a "pause button" on many industries, but science and technology is the most effective means to fight disasters. Blockchain technology has realized the combination with finance, logistics, supply chain, government affairs, public welfare, urban management and other application fields. At the same time, due to the imperfect technological development, blockchain plays a very limited role in the prevention and control of the epidemic, so it is necessary to explore deeper scenarios.

From the survey data, the main application directions of industrial blockchain in the post-epidemic period include: traceability. Financial (including insurance) supervision, coordination and sharing. Deposit, digitization, credit investigation, digital assets trading, etc.

Among the main application directions of industrial blockchain in the post-epidemic period, traceability and financial (including insurance) supervision have been selected by more than 70% of enterprises. In addition, collaborative sharing and certificate storage are also included. Digitalization also has more than 60% of enterprises to choose, compared with credit investigation and digital assets transaction selection rate is low, digital assets transaction selection rate is less than 50%, only 48%.

Avoid risks and promote the healthy development of industrial blockchain

As an emerging technology development direction and industry development field, blockchain has received wide attention. The application of industrial blockchain is accelerating, mainly reflected in two aspects:

First of all, the former technology is represented by open source system, most of which are open source projects facing consumers, and now a lot of projects facing industry and enterprise characteristics have been added; At the same time, more and more enterprises such as Internet giants, high-tech enterprises began to enter this field, indicating that the era of industrial blockchain has arrived.

Second, the emergence of blockchain reduces the threshold of trust and the cost of realization, so that some previously impossible financial and trade scenarios can be realized, so that some new financial forms can be derived, providing more space for financial innovation.

Although the application of industrial blockchain is accelerating, it is still in an early stage of development. This is mainly reflected in the fact that blockchain technology alone can not fully solve the problem of trust between entities and information islands, and the emergence of blockchain technology has also raised new problems for the current law and regulation.

Due to its characteristics of decentralization and hard to tampering, blockchain has become a comprehensive subject driven by technology and has a profound impact on economy, finance, society, organizational form and governance. In addition, the blockchain technology is not fully mature in the aspects of system stability, application security, business model and so on, which puts forward requirements on the privacy protection and storage ability of the on-chain data.

IT should be noted that the current blockchain industry has been involved in many technical fields such as IT, communication, security, cryptography and so on, which requires a kind of compound talents, which poses new challenges to talent training and school education.

The short-term impact of blockchain should be treated calmly and overestimation should be avoided. At the same time, regulations and supervision should be further strengthened to avoid risks caused by blockchain technology, so as to promote the healthy development of industrial blockchain.

How is blockchain developing now

As the blockchain application accelerated landing, "+" block chain business has become the development key point of Internet backbone enterprises to enter blockchain industry, in addition to the financial business, active deployment of the Internet, traceability, supply chain & logistics, digital assets, government and public services, intellectual property, the application in the field of legal, medical, etc.

At the same time, there is a growing understanding within the industry that blockchain is a fundamental building block for trusted transactions, but that doesn't mean it can do everything. Blockchain needs to be combined with other technologies such as artificial intelligence, the Internet of Things, big data, 5G, etc., to leverage synergies to form integrated solutions to jointly facilitate digital transformation.

According to relevant data, the current application of blockchain is mainly in the field of certificate storage. Blockchain has entered the stage of how to make it better from the engineering perspective, more credible, more stable, better scalability, and be able to accommodate more nodes.

In addition, it is understood that the blockchain industry is getting better in the long term, and the industry cognition is returning to rationality. At present, the majority of practitioners continue to have good confidence in blockchain and generally recognize the long-term strategic value of blockchain.

It is widely recognized that the biggest application scenario of blockchain is the financial industry, because the biggest attribute of Bitcoin is the financial attribute when blockchain was born. And the use of blockchain technology in government system can solve lots of difficulties, the information does not flow, it will save more cost and time, so the first pilot in these two industries will also be in line with the characteristics and demand points of blockchain.