Goldman Sachs: Blockchain will be the cornerstone of meta-universe and web3.0 development.

Cai Wensheng, a well-known trader and current leader of Meitu Xiuxiu, entered the website when the dot-com bubble burst in 2000, invested in the registration and completion of prosperity. Founded 265.com in May 2003 and acquired by Google in 2007.

From 2005 to 2007, he hosted the China Internet Webmasters Conference for three consecutive years and became famous as a personal website sponsor. Since 2007, he started investing in the internet, investing in many similar websites, becoming a well-known businessman in China, and completing his person-to-person transformation business. still the leader in the new unexpected market. After the Meitu Kiss project demanded a smart phone, Cai Wensheng himself became the director of Meitu Xiuxiu.

In a 2018 article titled “Wensheng Rule: Every Internet Company Will Join Blockchain Technology in the Next 3 Years,” Rule Wensheng said, “Blockchain was developed by P2P technology. prices fluctuate, leading to changes in all commercial logics.

Likewise, when developing these digital advantages, the expansion of tokens, including ICOs, was also reconsidered. Can the organization change? For example, the company appeared in 1600, and the Dutch East India Company was the first company in the world. The first joint venture that appeared in 1606 was also a commodity in eastern India, but the span of several hundred years in the long history of human development is very short. Create a design agency.

So I think the real understanding of blockchain is to rethink business logic. If we hire people, including in the future, can we still get paid or use token support? These are all things to consider. In the case of Satoshi Nakamoto, we can see that the developer came up with the idea and created the project, now he doesn't know if he's alive or dead and he's not happy with the Bitcoin project still available. All of this makes us aware.

Are blockchain projects autonomous via tokens? I think it can be done. Of course, a good blockchain project usually requires a combination of tokens that will deliver the most value. However, some can be used without tokens. Especially in terms of technology, we can see that they have used blockchain to change the way businesses operate, including Chinese industry, even now China or the United States. , for example. Here we can see Australian exchanges and use the blockchain to exchange bank accounts. There are plenty of examples to prove that blockchain technology can be self-sufficient, profitable, and applicable to many businesses.

Of course, we believe that new and creative functions should be combined with tokens to create value. "

Whether metaverse, blockchain, P2P or the internet, it has always been true that the development of science and technology has taken a long time and is recognized by the public, as well as by trials. and errors, thoughts, denials and recurrences. Change the text and adapt to industry, commerce, environment, culture and politics until it is finally adopted by the world.

Goldman Sachs Group is a global trading, security and investment management firm, providing financial services to a wide range of clients across a wide range of businesses, financial companies, governments and individuals. We have long viewed China as an important market, and since the 1990s Greater China has been an important region for international trade. Goldman Sachs opened its Asia-Pacific headquarters in Hong Kong in 1984 and representative offices in Beijing and Shanghai in 1994, entered large Chinese companies in China, and opened offices in Taiwan in 2000.

In December 2021, a Wall Street Bank analyst led by Rod Hall of Goldman Sachs pointed out in his new research report that blockchain technology could be the cornerstone of improvements to Metaverse and Web 3.0. Goldman Sachs claims that blockchain technology is the only technology capable of delivering all kinds of virtual devices. The ability to identify and track members is essential to the functioning of the meta world.

Web 3.0 is a third-party Internet service used by the network. For Web 3.0, the blockchain allows part of the distribution and future users will be able to access it without any third party (Meta, Google, Apple, etc.). Goldman Sachs analysts believe cryptocurrencies are just the beginning of blockchain, and since 2017 blockchain has spread from banking to applications in many industries, including communications, media, and manufacturing. .

Goldman Sachs considers blockchain to be one of the most technologically advanced disruptions since TCP / IP and HTML were "introduced to the Internet in the 1990s."

Facebook / Meta announced earlier on Metaverse, but it's unclear whether interference from blockchain technology will play a full role in this regard. Voices of skepticism in the cryptocurrency industry believe that Zuckerberg's investment in ALL IN is just a mad plan to become a godsend. Facebook's financial strength and social media strength allow it to take control of the virtual world and strictly control its creation and marketing. Critics are skeptical of the whole concept of the metaverse, pointing out that past virtual worlds (like Second Life) have been around for many years, and virtual reality headsets have never gained in popularity.

The bad voices have always been there, the behavior of Goldman Sachs vis-à-vis blockchain technology can be seen as a representative of the consensus of certain players in the big blockchain business. The world understands sport. , functionality, entertainment, relationships and business, all with blockchain encryption technology at its core. The application of blockchain technology comes from Metaverse and even WEB 3.0 can be seen as an integration of blockchain technology, and it continues to develop in the certification process.

However, this is not the end, but the new beginning of the development of blockchain technology.

For Web 3, Goldman Sachs believes that the blockchain could be "partially eliminated". The notes add that in the future, users will be able to access without third parties (Meta, Google, Apple, etc.).

Analyst Goldman Sachs said blockchain "is becoming increasingly relevant and influencing the identity and membership of digital and physical organizations." It requires control in the middle of the business process.