DREP Xiaolong: Blockchain technology is hot, but there are still scarce professionals with execution capabilities and high-quality technical targets

 

 

In October 2019, the conference proposed that "the blockchain will be used as an important breakthrough in independent innovation of core technology." The blockchain technology industry has become a hot topic every day. The vice-chairman of the China International Economic Exchange Center Huang Qifan subsequently proposed the central bank digital currency DCEP, which has become the focus of the global blockchain. DCEP is a digital payment tool issued by the People's Bank of China with valuable characteristics and M0 attributes, and the People's Bank of China is likely to be the first central bank to launch digital currency in the world.

 

At the end of October, as the policy progressed step by step, official media and head companies paid great attention to this hot industry. Xinhua News Agency released "Accelerating the Development of Blockchain Technology and Industrial Innovation", "Bitcoin: The First Successful Application of Blockchain Technology

》 And a series of reports to let all walks of life re-recognize blockchain technology and relieve the negative worry of practitioners ’negative impressions; XNET, which was listed on NASDAQ, quickly became the leader because of its“ high content of blockchain components ”. It closed up 107.8% on October 25. All this has brought a new life and turning point to the blockchain industry, which has been sluggish for nearly two years. 

 

1. The status quo of the application of blockchain technology in China

 

 1. The layout of "Blockchain +" by Chinese leading companies to empower their own business scenarios

 

As the country with the largest number of blockchain patent applications in the world, China has already deployed blockchain applications in various industries such as DeFI (open finance), Internet companies, government affairs, and other industries, and has achieved remarkable results.

 

Since the implementation of the "Regulations for Blockchain Information Services" in February 2019, many banks have filed for blockchain services. For example, ICBC has filed ICBC Sealchain blockchain services and ICBC-based blockchain-based Financial Services. At present, Industrial and Commercial Bank of China has begun to apply blockchain to many fields, such as digital security, poverty alleviation and so on. And Ping An Bank filed a SAS blockchain platform and blockchain voting. The SAS platform fully applies the four core technologies of "Ping An Blockchain", establishes a multi-party mutual trust mechanism, penetrates the management of the underlying assets, and implements intelligent verification and continuous monitoring of the authenticity of the trade background.

 

Internet companies, such as Ali and Tencent, are also at the forefront of the blockchain industry. In April 2019, Alibaba ranked first in the global blockchain patent ranking in the first half of 2019 with 290 blockchain patents. In October 2019, Tencent released the "2019 Tencent Blockchain White Paper", announcing its remarkable results. Blockchain business lines: blockchain electronic invoice project "tax chain", supply chain financial project "micro enterprise chain" 3. Judicial certificate deposit project "Zhixin Chain" and city commercial bank bank draft project.

 

In June 2019, the nation's first blockchain government service platform was launched in Chongqing. The platform uses Alipay blockchain technology to shorten the time of registering a company from more than ten days to three days, and improves the work efficiency by 5 times. Since the policy support at the end of October this year, blockchain technology has risen to the national strategic level, and blockchain-related government service systems have been launched in many places. For example, Fujian Province is fully launching blockchain social insurance premium payment records, and it is convenient to obtain electronic payment vouchers with mobile phones. 

 

2. The understanding or application of blockchain technology by more large and medium-sized enterprises only stays at the scheme level, even the concept level 

Compared with the head enterprises that have embraced the blockchain technology and launched various blockchain application scenarios, large and medium-sized enterprises seem to lack some first-mover technical advantages in this boom. Most of their understanding or application of blockchain technology still only stays at the scheme level or even the concept level. This is precisely because they lack the overall understanding of the industry and the ability to grasp the blockchain technology.

 

One of the currently recognized bottlenecks in the application of blockchain is the lack of industry knowledge of blockchain, but the most critical point is that blockchain technology is for the entire industry, industry, and multiple parties to coordinate services, it is To build an ecological service, not just for an enterprise. Therefore, for large and medium-sized enterprises, it needs to be on the chain with its ecological partners, and can integrate and dock resources within the industry according to the pain points of the industry to promote the construction of this blockchain ecology. Therefore, in order to truly implement the regional blockchain technology, there is an urgent need for a high-quality blockchain project team to find a quick-start toolbox to build a complete blockchain ecosystem.

 

Finding a high-quality blockchain project team to improve the company's overall understanding of the industry and its ability to grasp blockchain technology is a key breakthrough point for large and medium-sized enterprises to overtake in corners. 

 

3. China still lacks technical talents for industrial-level application of blockchain technology

In the heat wave of blockchain sweeping the world, the global demand for blockchain talents has shown an explosive growth, and China is no exception. According to BOSS direct employment data, from January to February 2018, the number of companies posting blockchain-related jobs increased by 4.6 times year-on-year. Among all the scarce blockchain talents, technical talents are the biggest gap. According to the data of Chain Tower Think Tank, as of the first quarter of 2018, blockchain related jobs accounted for 0.4% of the total jobs in the Internet industry, but the supply and demand ratio of professional blockchain technical talents was only 0.15: 1. From these data, it can be seen that the extremely scarcity of blockchain professional and technical personnel in China has become one of the important reasons for the difficulty of the landing layout plan of Chinese enterprises.

 

 

With its professional technical talents, self-developed high-performance public chains and tools, and successful technical docking cases, the DREP team will provide the most convenient and efficient technical target for the application of the blockchain in the local area of ​​the enterprise.

 

2. Advantages of DREP team in industrial application of blockchain technology

 

 1. Senior industry technical experts + professional technical development team 

DREP co-founder Xiaolong, as an early evangelist in the blockchain industry, has provided "blockchain +" solutions to many Internet head companies and leading startups in various fields. From the exposure to Bitcoin mining during the Chinese Academy of Sciences, to the head game development experience of Tencent Tianmei Studio, and as the head of quantum chain technology development, Xiaolong has an in-depth understanding of the ecological development of the entire blockchain industry and has an understanding of the industry. The blockchain application has an overall grasping ability.

 

With the knowledge and understanding of the ecology of the blockchain industry, Xiaolong realized that the industrial public chain ecological segregation seriously hindered the development of the industry, so he founded the DREP project, dedicated to creating and building a blockchain "connector" and "toolbox." Years of deep experience in the blockchain industry has provided him with the most solid backing for leading the DREP team to become a pioneer in the industrial application of blockchain technology.

 

DREP also has a strong professional technology development team, members are from Tsinghua University, Chinese Academy of Sciences, University of Science and Technology of China, Nanyang Technological University and other well-known universities at home and abroad, and have more than 3 years of experience in blockchain technology research and development, including The 6 developers are former technical leaders from several well-known public chain projects.

 

In addition, the DREP technical development team has also reached cooperation with the world's top EMBA president class TRIUM to jointly research and develop the blockchain retail credit system. The EMBA President Class TRIUM is an alliance of New York University Stern School of Business, London School of Economics and Political Science (LSE) and Paris HEC School of Management. It brings together technical talents from top universities to continuously input new technologies for DREP Ideas and research. 

 

2. DREP technology research and development advantages: high-performance DREP public chain, DREP SDK, hot-plug high-performance components 

· Two-layer architecture of root chain and customizable sub-chain, which minimizes the threshold of enterprise access

 

DREP public chain is a high-performance public chain completely researched by the DREP development team, compatible with smart contracts in EVM and WASM formats, and has a two-layer architecture: stable root chain and customizable sub-chain system. This two-tier architecture system can enhance scalability and strengthen the efficiency of the bottom layer of the blockchain without affecting the degree of decentralization and security. The specific implementation method is as follows: DREP main chain and sub-chain independently process different transactions in different scenarios, allowing multiple consensus mechanisms and differential storage of data storage to coexist, improving concurrency while providing compatibility for access in different scenarios Sexual support.

 

Therefore, DREP's sub-chain can not only support blockchain applications, but also synchronize access to any traditional enterprise or platform, which greatly reduces the threshold for traditional enterprises to access blockchain technology.

 

· Toolbox for enterprises to quickly get started with blockchain: DREP SDK

 

The DREP SDK created for vertical industries is a developer tool component developed by the DREP team and supporting various DApp on-chain. Through the DREP SDK, all DApps can realize the one-key release of multi-public chain asset support version, built-in application wallet and asset trading platform, based on shared DREP ID to obtain multi-public chain application users, without any sense of conversion of various digital asset holders into applications Audience, create a super DApp.

 

DREP SDK is a toolbox for the DREP team to quickly get started. Enterprises do not need to repeat research and development on different public chains. Through DREP SDK, they can easily get through all platforms, assets, and users, and realize a quick toolbox to get through all industry ecology. That is to say, after having the DREP SDK, the enterprise's dependence on blockchain professional and technical personnel will be greatly reduced, because the DREP development team will provide enterprises with the best quality and professional industry technical services through the DREP SDK.

 

· DREP hot-swappable high-performance components: DREP DID, homomorphic encryption, secure multi-party computing, to open up users on all platforms and protect privacy for enterprises

 

DREP's series of hot-swappable high-performance components can connect users of all platforms to form a complete user system and provide users with the most guaranteed privacy protection.

 

DREP DID is a decentralized ID system based on HMAC algorithm designed by DREP for data concatenation and privacy protection. DREP DID is divided into a main ID and multiple sub-IDs. Users can manage centralized and decentralized data and assets through the DREP client. This one-stop management method breaks the state of ecological segregation of public chain users, and at the same time connects user information of various platforms for enterprises to form a more complete user system.

 

In addition, DREP can maximize the protection of user privacy through homomorphic encryption and secure multi-party computing, and eradicate the persistent problems of data abuse and leakage in traditional industries. In the DREP DID ecosystem, DREP uses homomorphic encryption to protect the privacy of the data itself in the data processing of information that the user believes to be private. At the same time, DREP uses secure multi-party computing to encrypt important data in each DApp and DREP platform. Even if the data in transit is leaked, the user's original data is safe.

 

3. DREP cooperative universities and the successful "chain reform" application case

DREP has now completed technical docking with well-known universities at home and abroad and global head companies (see the figure below). The following are DREP cooperation cases:

 

· DREP becomes the core founding member of the China-Singapore Innovation Alliance (SSIA):

https://mp.weixin.qq.com/s/D6-cU3fcStprEtjkwcOnhw

· DREP became the first blockchain practice base of Nanyang International Science and Technology Innovation Center:

https://mp.weixin.qq.com/s/GSNbLco9N5c4xdROWKWShA

· Ant Financial's Australian partner HarkHark joined the DREP chain:

https://mp.weixin.qq.com/s/cJwFNhmmNqkZ26UX4eGyDA

· Daniel Wang, Operation Director of Riot China, the "League of Legends" research and development company, serves as the DREP game ecosystem consultant:

https://mp.weixin.qq.com/s/t0_uxNm3OQ_aRzW4qHAs_g

· DREP joined DIF to discuss the development of decentralized ID with Microsoft, IBM, Accenture and other companies:

https://mp.weixin.qq.com/s/_78adatgim1Yw4i1ycrxyQ

· DREP and the University of Sydney Blockchain Association jointly build a developer community:

https://mp.weixin.qq.com/s/bYLn-hSOt3sr1tmyaggIuw

· DREP and Unicorn game platform price comparison device reached a cooperation:

https://mp.weixin.qq.com/s/jSU56UcflEsGTo4wzM2FIw

· DREP and head game incubator Gyro Finance reached a cooperation:

https://mp.weixin.qq.com/s/vqcQ4eylWGL4SWlPciA73A

Comebey became DREP's first commercial Dapp:

https://link.medium.com/taW97WbRo0

· Australian head O2O platform Yeeyi joins DREP chain:

https://mp.weixin.qq.com/s/9coolb4Q89HAamS2-L-e4g

Follow DREP's WeChat public account "DREP" to learn more about project dynamics; to enter the official community, please add the official small customer service WeChat, DREP is much more cute: DREP_Foundation

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