On October 27-28, the 6th Blockchain Global Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Since 2015, the Blockchain Global Summit has witnessed the development of the blockchain industry in China and the world. Entering 2020, blockchain has gradually shifted from technical research to application exploration. How to maximize the application value of blockchain? With the rise of the new blockchain economy, how to combine the Internet of Things, artificial intelligence and other information technologies to achieve integration and innovation and create a complete application solution is the theme of this summit.
As a Wanxiang blockchain ecological partner and a core member of the blockchain module alliance, Fibocom has been actively promoting the integration and innovation of cellular wireless communication modules and blockchain technology. Fibocom CEO Ying Lingpeng discussed with the guests the blueprint of the IoT 3.0 era and what pain points the blockchain technology can solve in the IoT world in the roundtable forum of this summit? Made the following answer.
Blockchain new economy, creating a community of industrial chain interests
"With the popularization and promotion of the Internet of Things technology, more and more industries now have a growing demand for device networking, which means that the number of terminal connections is also increasing. However, the reality is that Internet of Things hardware is facing great cost pressure, and users They are reluctant to pay for the hardware, which is an important factor that the actual number of IoT connections is lower than predicted. Therefore, the blockchain and the IoT need to be deeply integrated to form chips, modules, terminals, operators and solution providers A community of interests.” Guanghetong CEO Ying Lingpeng said.
Internet of Things + Blockchain, a natural match
On the basis of the Internet of Things, the blockchain solves the problem of data use and brings more possibilities for the realization of data value. The development of the Internet of Things technology has solved the problem of data acquisition to a certain extent, shortened the data acquisition link, and reduced the cost of data collection, but the problems that followed were further highlighted:
1. First of all, it is the issue of data security. How to ensure that data is safe, reliable, and trustworthy in IoT transmission projects? Fibocom is also working hard and trying with many security chip partners.
2. The second is the use of data. Under the premise that the data is credible, is there a way to separate the ownership and use rights of the data? Users need a complete closed-loop ecosystem from IoT, data collection to data application and value realization.
3. The more core issue is the centralized design thinking of the Internet of Things industry. For example, users still interact with the Internet of Things platform through mobile phones or smart speakers, and then the platform forwards related control commands to each terminal platform, and finally reaches the device to perform actions. . The control command can only be initiated by the user. The one-way arrival of the intelligent terminal is a tree structure from root to leaf, and it is still a tree without forest.
Fibocom's wireless communication module integrates blockchain technology to enable innovative applications
As of the end of 2019, my country had a total of 98,774,200 livestock, of which 91,382,700 were cattle. However, most of the pastures were below 100, and the actual production efficiency was not high. Facing the growing beef consumption market, producers need capital loans to expand their production scale. For financial institutions, they are generally unwilling to accept mortgage lending of biological assets themselves, which limits the large-scale development of domestic pastures.
For the smart animal husbandry industry, Guanghetong, Wanxiang Blockchain, and Molian Technology have launched an asset management solution: Combining block chain technology and Internet of Things technology to effectively solve this problem. Using the Internet of Things technology to bind sensors such as ear tag collars to each cow, it can collect every real-time dynamic data of the cow from birth to slaughter, including the cow's body temperature, feed intake, activity, etc., which helps to monitor the growth of the cow Conditions and health conditions, as well as disease prevention. These data will be reported credibly through devices with built-in Fibocom LTE Cat 1 blockchain module L610, and recorded on the chain to achieve non-tamperability, which will be difficult to evaluate. The quantified value of cattle at different growth stages combined with characteristic data forms an accurate “data asset”. Banks can also conduct asset value assessments based on data assets on the chain, and lend to corresponding small and medium ranches to solve financing difficulties. Because insurance companies have data on the chain, they can also safely provide insurance services to the ranch. “As the entrance to the Internet of Things data, wireless communication modules play an increasingly important role. On May 27 this year, Fibocom announced the launch of the world’s first LTE Cat 1 blockchain module L610. Fibocom L610 is The world’s first LTE Cat 1 block chain module based on Unigroup Zhanrui IoT chip platform Ivy 8910DM and Molian Technology’s BoAT (Blockchain of AI Things) block chain application framework. Fibocom L610 is a practical "Internet of Things + Zone" The integration and innovation of “blockchain” aims to empower new value of IoT applications. There is still a long way to go from data interconnection, to information mutual trust and mutual recognition, to value exchange and profitability.” Guanghetong CEO Ying Lingpeng said.