Qusu Future Release: Where is the value of blockchain application reflected?

Blockchain security consulting company Qusu Future  stated: Bitcoin, as the first application of blockchain technology, opened the curtain for the use and promotion of blockchain technology in many fields. From the initial cryptocurrency to later financial applications, and to the widespread use in various major industries in recent years, blockchain technology is deeply influencing and changing people's cognition and life with its unique value.

 

 

From the figure, we can see that the specific application areas of the blockchain are continuously expanding, and this is due to the continuous deepening of our knowledge and understanding of the blockchain and the gradual development. Initially, we only thought that the blockchain was only used for cryptocurrency transactions. However, as we learned about the principle of its chain structure and its characteristics such as non-tamperability, we were pleasantly surprised to find that the transactions applicable to the blockchain are not limited to currencies. All transactions in the financial world can be recorded using blockchain.

 

Later, as we understood the nature of blockchain transfer trust, everyone suddenly realized that where trust needs to be transferred, blockchain is needed. The financial industry is just a branch of the blockchain application scenario. As a result, the application field of blockchain has been extended to various industries: supply chain, government service, Internet of things, new energy, and even the huge Internet can only be said to be a branch of the blockchain field.

 

Blockchain provides a mechanism for the transmission and exchange of information and value in an untrustworthy environment. It is the cornerstone of building the future Internet of value, and it is also in line with the provision of a trusted platform for the real economy that my country has been advocating since the 19th National Congress of the Communist Party of China. With the development of blockchain up to now, we can analyze its application direction from the following aspects:

 

From the perspective of application requirements, it can be seen that the application of the blockchain industry is accelerating. The application of blockchain can be seen in finance, medical care, data storage/transaction, identity authentication of Internet of things equipment, and supply chain. There are also attempts of blockchain in entertainment, creativity, cultural tourism, and software development.

 

From the perspective of market application, the blockchain has gradually become a tool of the market. The main function is to reduce the intermediate links, so that traditional or high-cost intermediate institutions become the past and reduce the cost of circulation. Enterprise applications are the main battlefield of the blockchain, and alliance chains and private chains with security access control mechanisms will become the main trend. Blockchain will also promote the shift of the company's existing business model and is expected to accelerate the company's development. At the same time, new distributed collaborative companies can also integrate into the business system in a faster way.

 

In terms of underlying technology, it is expected to promote the transformation of data recording, data dissemination and data storage management models. The blockchain itself is more like an open source protocol at the bottom of the Internet. In the near future, it will touch or even replace the existing underlying Internet protocol (built on top of the existing Internet, a new middle layer, providing Trusted valuable data with host). Adding the trust mechanism to this agreement will be a very significant innovation.

 

In terms of blockchain application security, blockchain security issues have become increasingly prominent. Security defense requires technical and management overall considerations. Security and credibility are the core requirements of blockchain, and standards and norms are becoming increasingly important. From the perspective of service provision, the openness of the cloud and the easy availability of cloud resources determine that the public cloud platform is the best carrier for current blockchain innovation. The use of cloud platforms allows blockchain-based applications to enter the market quickly and gain First mover advantage. The combination of blockchain and cloud computing is getting closer, and it is expected to become the infrastructure of public credit.

 

From the perspective of social structure, blockchain technology is expected to integrate law, economy, and information systems, subvert the original social supervision and governance model, and the organizational form will also undergo certain changes as a result. Although there are conflicts between blockchain technology and supervision, the contradictions are expected to be further reconciled and eventually become one of the tools leading people to a contract-based legal society.

 

From a policy perspective, governments of various countries have different attitudes towards the development of blockchain. Currently, the blockchain industry has different development stages and development characteristics in various countries, and encourages technology and policy supervision to have their own focuses. Most countries attach importance to the application of blockchain technology in the real economy, a few countries have an "active embrace" attitude towards blockchain and cryptocurrency, and some countries have clear regulatory policies for cryptocurrency. For example, Australia, South Korea, Germany, the Netherlands, Cyprus, the United Arab Emirates, Malta and other countries have actively developed the blockchain industry and formulated overall industrial development strategies; the United States, China, South Korea, the United Kingdom, Australia and the European Union attach importance to the research and application of blockchain technology Explore; at the same time, China, Australia, France, Switzerland, Finland, Liechtenstein and other countries have successively formulated regulations on blockchain supervision.

 

What areas are suitable for blockchain technology? We believe that the suitable scene at this stage has three characteristics:

· There is a need for decentralization, multi-party participation and data writing

· High requirements for data authenticity

· There is a need for multiple participants who do not trust each other to establish distributed trust in the initial situation

 

As we learned in the previous unit, we are currently at the stage of blockchain 2.0, which can program the blockchain. Blockchain technology is still in a stage of rapid development, and various innovative solutions continue to emerge. With the continuous research of practitioners, continuous breakthroughs in technology will be accelerated, bringing continuous iteration and innovation of applications.

 

In this article from the warp future (WarpFuture.com) finishing compiling security consulting firm, please indicate. Qusu Future provides related blockchain security consulting services including main chain security, exchange security, exchange wallet security, DAPP development security, and smart contract development security.

 

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Origin blog.csdn.net/WarpFuture/article/details/108150577