On September 5, 2018, the POD Blockchain Conference came as scheduled. Since 2017, the blockchain has gradually become a hot topic among developers. With the active layout of various giant companies in the blockchain field, people want to squeeze into the blockchain.
However, while the blockchain is hot, there are a lot of bubbles and chaotic market order, and the practical application of blockchain technology is also controversial.
We believe that:With the advent of a new round of cold winter, the time has come for those who do things seriously. The blockchain really wants to subvert the world, and what cannot be ignored is the application of technology in real life. Blockchain empowers the real economy, where technology realizes its self-worth. So what applications can the blockchain do in the real economy? Why is the blockchain still so far away from users?
At this POD blockchain conference, Yuan Jun, CEO of MINIPO and Odaily partner, and Yan Yanchun, partner of Shengjing Group and founder of Fuji Holdings, and Cai Cai, founder of iABC and chief data intelligence officer of McDonald's (China) Co., Ltd. Dong, Chuangda Capital Chairman-Xu Hongbo, CIL Co-Founder-Jerry Yuan, and Tencent Blockchain Senior Product Director Qin Qing had an in-depth dialogue.
Odaily partner Yuan Jun:
Is the real economy really worse than the blockchain? Please give examples of which real economies blockchain technology can be applied to?
Tencent Blockchain - Qin Qing:
supply chain finance. Supply chain finance has been mentioned for many years. It is in line with the supply-side reform and many things, but in fact, I am not sure whether it is really being done, or it has been invested in supply chain finance, using blockchain to transform this technology
From the perspective of the supply chain model, it is actually a reverse factoring model of accounts receivable. But what the blockchain really does here is to transfer the bank's credit to the core enterprise assets, through the technology of the blockchain, to transmit it layer by layer, to the first-tier suppliers of the core enterprise, and then the first-tier supply The longer the chain of this supply chain, the greater the value transmitted.
The value of this matter lies in the fact that banks are only willing to lend money to large companies, because the assets, credit endorsements, etc. of large companies are very reliable. It is the interests of small businesses that are now secured through the blockchain. For example, BYD, for example, makes cars, so BYD needs to buy tires, tires need to buy wheels, wheels need to buy aluminum ore, and so on. The higher-level suppliers can grant credit to BYD through the bank. The ability to obtain financing conducts its creditor's rights assignment layer by layer.
Supply chain finance is one of the best scenarios of blockchain technology in the real economy. The first chain is long enough; the second participant is enough, and all parties have trust costs. But in this scenario, blockchain technology alone is not enough. The most important thing is that supply chain finance is not based on technology, but on the appeal of scenarios. To solve the scenario of supply chain finance, in addition to the blockchain being the core, it is also necessary to achieve a complete solution that can satisfy every party. So I think supply chain finance is the first case to land in the financial scene.
CIL co-founder - Jerry Yuan:
Taxi travel and traceability.
Take taxi-hailing as an example. Recently, everyone must have paid attention to a social incident, which is the negative social impact brought about by software such as taxi-sharing. Let me cite a taxi-hailing software that is a decentralized landing application that we made overseas. When I was an Uber in the United States, my taxi fare was $70 that day, and I just chatted with the driver. I said how much of the 70 yuan can you take away? But the driver in the United States told me that he got 17 yuan. This reflects a phenomenon that workers who actually pay for their labor are exploited.
Riders value safety and information above all else. Once the information is on the blockchain, it has its own information. If we can open up some open power on the chain to these relevant functional organizations. Once something happens, avoid many intermediate negotiation links, and directly protect the safety of the passengers themselves.
Chuangda Capital Chairman - Xu Hongbo:
In fact, the shareholding system of all our company laws today, the company system of about 400 years, cannot meet the commercial needs of today's society, or the market demand.
For example, early products were full of bugs, but early users made great contributions to the development of early companies and product innovation, but they did not get rewarded. Today's Internet is dominated by super oligarchy. By using billions of data, they have become trillionaires. What have we gained as contributors to data assets?
Now we see that someone has established a blockchain management system on the blockchain that brings together general contractors, contractors and migrant workers. Migrant workers only need to check in every day, and the check in is (through) the helmet you wear. With an independent ID, as long as you enter the construction site to automatically sign in, you can use IOT to prove the POW and working hours of migrant workers. After the work is completed, the system automatically transfers the money due to the migrant workers to the migrant workers through the smart contract, thereby avoiding wage arrears.
Odaily partner Yuan Jun:
The blockchain is still far away from our lives. What is the reason why the blockchain is far away from users? Under what circumstances do you think it will be improved?
Tencent Blockchain - Qin Qing:
What the blockchain brings is fairness. In fact, fairness is always in front of you, but if you are not stepped on, you will not feel that your fairness has been taken away.
How to closely integrate with our daily life, let me give a very small case, for example, today Jerry lent me 100 yuan, I wrote him an IOU, and he can get 100 yuan with this IOU. Can't go to 7-11 and buy a 10 yuan ice cream? When there is a blockchain, everyone finds that it is very simple. It only needs Qin Qing to sign a contract with the bank. When the salary is paid on the 15th of each month, Jerry will be paid back first, and the rest will be spent by himself. . This matter is established by commercial companies, banks, and commercial entities to ensure trust. The smart contract on the blockchain is set by yourself. Although fairness will slip away inadvertently, today the blockchain brings fairness back to you.
There are three reasons:
There are three reasons:
1. From the perspective of regulators, different countries have different policies, which limits the ability of blockchain practitioners to play. If there are clear regulatory requirements and industry rules in each country, we have made far more than 30 landing applications.
2. As practitioners, what you can feel the most in the past two years is that everyone has focused on its financial attributes. The deviation of this focus has led to no large-scale applications in the past two years.
3. Taking the domestic example, everyone may not be aware of their own privacy. Finally, when looking at the C side, everyone's understanding of technology, the changes that technology can bring to everyone, and the benefits it brings are not clear.
Chuangda Capital Chairman - Xu Hongbo:
Why are there no big blockchain applications? I think this is because the past two years have been a time when scammers have been rampant. When everyone returns to rationality and reality, and returns to how to integrate the revolutionary technology of blockchain with business and the tool of the credit system, it will be applied to the real economy. Sometimes, it will give the entity a huge empowerment.
InfiniVision sees the founder of iABC - Cai Dong:
The performance problem of the blockchain hinders its implementation. At the same time, whether it is our largest supply chain or a huge user base, it is also a problem to put so many things on the chain, and storage is also a problem.
In addition, large companies provide users with many free services, but in this case users are the commodity itself. Only when people pay more attention to their privacy and know their own value, the spring of blockchain will come. Generally speaking, it is the maturity of users, and they will look for better technology to protect their privacy.
Yan Yanchun, partner of Shengjing Group:
The future is here, it's just not popular yet. Today we are moving from the APP era to the new Dapp era. Next, we will observe that more Dapp series will appear. The project party spends 10% or more of the money and shares it with all the achievement communities and the group of users who provide traffic. When an economic system that allows all users to share money is born, it is precisely the blockchain technology that becomes popular when. I feel like this is coming!
