The heart of the blockchain token industry lies in reorganizing the logic of the industry.

Over the past two years, blockchain quickly became a heat wave in China and immediately became the number one supplier of electricity. It's pushed a lot of people into the industry, and a lot of people think blockchain is pretty good.

Some say:"Blockchain is the 9th concept in the world"Currently, there is no technology like blockchain that can bring much potential for future community change.

Investment capital is certainly not alone

On the US stock market, Kodak, a record company that has been around for many years, recently announced the announcement of the Kodak coin. And Chinanet is also involved in the blockchain industry and has grown.

The Hong Kong market even announced that a company called "Pingshan Tea" had changed its name to the blockchain group, which grew 23% in terms of A-share blockchain concept. She is confused.

But this frenzied celebration of investing is not without merit.

According to the blockchain utility roadmap released by McKinsey,2017-2020 will be the design phase of the blockchain technological infrastructure.. Today, many investment banks and tech companies around the world are rushing to blockchain.

The main view is that the key to the blockchain industry is not technology, but building business logic. So, for some, blockchain is more about change than technology.

Blockchain is not a new idea

The concept of blockchain dates back to October 2008. A vague image claiming to be “Satoshi Nakamoto” published a post on a forum titled “Bitcoin: Peer-to-Peer Electronic Cash System”. of the blockchain.

On January 3, 2009, Satoshi Nakamoto dug the first block, Genesis Block, from a small server in Helsinki, Finland.

Almost with the birth of blockchain technology, Bitcoin became the first commercial product to become responsible. In the years that followed, Bitcoin gradually gained international fame. In 2017, the mad market made blockchain technology known to everyone.

The meaning of the blockchain: each is a "database".

A blockchain is an integral part of a distribution, a public data system that links several blocks together. It can be defined as a system in which a group of connected computers can be combined to ensure the security of a list. Each computer is a repository (server) and does not require a third party server in the middle.

so,Blockchain is not a particular type of software, but a concept designed for special tools, like the concept of our word "database".

Just like the relationship between TCP / IP and ordinary people, ordinary people don't need to know what TCP / IP is on the Internet as long as they enjoy the services it provides.

People still have nothing to do with blockchain unless they are considering joining a business in this area.

3 characteristics of the blockchain

Compared to traditional solutions, blockchain technology generally has the following three components:

The main idea of ​​blockchain is decentralization.

In a blockchain system, the rules and responsibilities of all equals, and all nodes can vote with their power count, to ensure that guaranteed results are those guaranteed by more than half of the nodes.Despite the attacks from the major hackers, the system can still function normally and the data is not interrupted, as long as the number of nodes controlled by the hackers is less than half of all nodes in the world.

One of the biggest implications of blockchain is trust.

In theory, blockchain technology could make WeChat Pay and Alipay worthless. "The Economist" strongly compares the blockchain. Simply put, it is "reliable technology". Blockchain allows people to engage with each other without trust and without compromise. Fighting counterfeiting and financial fraud is not worth the future.

Integrating blockchain can save money.

Based on the network system, the maintenance and operation of the system depends on the operation, maintenance and operation of the platform such as data storage, and the cost can not be removed. Each user can join nodes in the blockchain, and when participating in closed data, each node also verifies the authenticity of the results collected by other nodes, thus improving monitoring and reducing costs.

In short, blockchain is associated with money, trust, and energy, which are fundamental to human existence.

The development of the blockchain went through three stages.

1.time: From 2009 to 2012, the financial system was dominated by Bitcoin and its ecosystem.

2.Early: The period runs from 2012 to 2015, and as Bitcoin went public, new wallet and money transfer companies have emerged and the blockchain industry is expanding into the trade finance market. The technological basis of blockchain continues to evolve. Blockchain technology has been removed from the Bitcoin system.

Three.improve time: In 2016, I started researching the app industry, and blockchain startups have done a lot. The boom in ICOs in 2017 sparked unprecedented interest in blockchain.

Lub 'Blockchain 2.0 Era' tab tom los

No application or development, blockchain development is divided into three stages: application 1.0, 2.0 and 3.0.

Blockchain Application 1.0: Programmable Currencies

A programmable currency is a digital currency represented by Bitcoin, but it is not legal tender in any particular country or region and is not endorsed by any government agency.

Blockchain 2.0 application: Programmable financing

The Blockchain 2.0 application adds the concept of "intelligent contracting" (making contracts using programmatic rather than human algorithms). This allows the blockchain to continue from start-up through the registration and exchange of stocks, debt and property rights, trading and fulfilling financial commitments on safety and security, and even businesses, such as gambling and crime prevention.

Application Blockchain 3.0 : Organisation programmable

Blockchain is the foundation of the Internet of Values, which enables the analysis, measurement and storage of device rights over the data and bytes representing the Internet's value. Not only can you write business in the financial markets, but you can also write almost anything that can be displayed in code. Its application can be extended to whatever is needed and then to all humans.

Currently, blockchain applications are starting to perform better than Bitcoin (blockchain 1.0), enter the era of blockchain 1.5, and move to financial markets (blockchain 2.0).

Over the next 3-5 years, blockchain will move beyond financial and other factors such as identity, approval, decision making, verification, registration, delivery, medical care, mail, visas, voting and other functions, the application. will gradually spread to all communities, and blockchain technology will be the lowest standard in the "Internet of Things".