In the 1990s, computer scientist Nick Szabo first proposed the concept of smart contracts. To put it simply, a smart contract refers to writing the commitments made by all parties into a program in digital form, allowing participants to interact on the premise of following these commitments. Before the advent of the blockchain, the closest machine to a smart contract might be a beverage vending machine.
Smart contracts were mentioned again in the Ethereum white paper in 2014. The bold idea of implementing smart contract functions on the blockchain ignited the imagination of blockchain developers for decentralized applications. Since the launch of Ethereum in 2015, 2020 is the fifth anniversary of the advent of blockchain smart contracts. This year, the ecology of smart contracts is more active than ever, and teams around the world are constantly trying to apply this technology to various industries. Solve the pain points of the industry.
At the end of 2020, we interviewed the core team members of global blockchain projects to see what important milestones they have achieved this year using smart contracts in the fields of finance, artificial intelligence, music, games, entertainment, etc. These events It will also inspire the large-scale and wider integration of smart contracts with industry applications in the future.
Vigor ｜ Peter Chen
" After a development cycle of about one year, the Vigor protocol was finally officially opened to the public in 2020. Although there are many lending platforms in the DeFi ecosystem, the core code of the Vigor protocol has been integrated into the most advanced financial engineering software technology , which means that the Vigor protocol The mainstream financial algorithm is used, which is safer and more able to withstand the test of market fluctuations. In terms of market strategy, the Vigor platform is non-profit, and the platform has the smallest interest rate difference between loans and borrowings, which can better serve the community Demand. Vigor did not follow the wave of DeFi mining this year, we pay more attention to the long-term development of the platform and grow together with the blockchain ecosystem. ”
--- Vigor Protocol is the first to integrate financial engineering technology into the blockchain field, creating a fair and transparent new cryptocurrency lending platform.
Greymass ｜ Aaron Cox
"The most important achievement of the Greymass team in 2020 is to complete the research and development of the EOSIO Signature Request (ESR) protocol and its surrounding technologies. The Anchor wallet is a client product that demonstrates this protocol technology. This wallet can flexibly interact with external applications. We firmly believe that this A set of technologies will assist the popularization of blockchain ecology. We simplify and redefine the experience of blockchain wallets, making wallets a new generation of two-factor authentication software. The Greymass team is developing the third-generation version of this protocol. During this period, we It provides a variety of development tools for many development teams to assist their development, including wallets or other blockchain applications, and provides users with the most advanced blockchain experience.”
--- The Greymass team is composed of programmers, research institutes and blockchain experts, and is passionate about applying blockchain technology to various industries.
Consortium ｜ Vladislav Hramtsov
“ The Consortium voting platform completed the proof-of-concept phase for technology and functionality this year . Technically, we confirmed that by using the oracle machine to verify the currency holdings of voting users, after the verification is completed, this information can be sent to the issuing agent. In terms of functions, we cooperate with the DAC custodian of the Vigor protocol. In their weekly governance meetings, Consortium’s voting data has become one of the important sources for them to obtain community opinions, effectively assisting the development of its ecology. governance."
--- Consortium is a decentralized on-chain voting governance tool.
Chintai ｜ Ryan Bethem
"Chintai has developed an on-chain compliance engine to implement real-time regulatory requirements for the issuance of digital assets and secondary market transactions. The smart contract will choose to use the appropriate regulations according to the user's location to meet the user's compliance needs.
This technology has a wide range of usage scenarios, covering securities, bonds, stable coins, utility tokens, etc. Our goal is to completely change the capital market. At present, there are many cumbersome compliance requirements in the capital market, which greatly increase the cost of participants. In contrast, distributed ledger technology (DLT) is much more efficient and integrates DLT into the capital market. It is easier for small and medium-sized companies to obtain financing, and large enterprises can increase their profit margins.
We are currently applying for the Internet Finance Project of the Monetary Authority of Singapore, and we are also actively looking for cooperative companies. We are very optimistic about the development of Chintai in 2021.
--- Chintai provides a blockchain technology framework for the new generation of financial ecology.
Ultra ｜ David Hensen
"After many years of research and development, we finally completed the development of the blockchain protocol this year. The Ultra blockchain is currently in the final testing stage. In addition to the internal team, we have also invited multiple node teams to test."
--- The Ultra blockchain provides a one-stop game platform that supports third-party APPs to realize e-sports, live broadcast and other functions.
EarnBet ｜Jason
"The EarnBet platform has experienced a wave of user growth this year, and the platform has set multiple records, but in my opinion, the biggest progress is that EarnBet conducted the first ecological community vote , which is a major milestone for the platform to move towards decentralized governance. We have given BET token governance functions, which is very beneficial to EarnBet players and token holders.
The launch of community voting is to prepare for the ecological expansion of the BET game network at the end of this year. For the new functions of the platform, our team has invested nearly a year in the development cycle, and finally it is the final preparation before going online. Our team is very excited. "
--- EarnBet is a leading blockchain quiz platform, and has issued platform dividends of up to 8 million US dollars so far.
Emanate ｜ Sean Gardner
"In terms of market expansion for the Emanate music streaming platform, our current registered users are about to exceed 5,000 , and the number of registered musicians has also exceeded 1,000."
--- Emanate is a blockchain music streaming platform, musicians can get real-time playback revenue, deadmau5 and many other well-known musicians have settled on the platform.
WAX ｜ William Quigley
"WAX has firmly established itself as the king of NFT in 2020. Our transaction volume in the NFT primary and secondary markets exceeded millions of dollars . Among them, the NFT series in cooperation with Topps, William Shatner, and Atari were launched after the sale started. It was snapped up by collectors in an instant. We are currently preparing NFT series with many other well-known brands, all of which will be issued on the WAX blockchain. The explosive growth of WAX is due to our complete blockchain developer tools and users End-to-end software, including the easy-to-use WAX Cloud Wallet, allows users to instantly buy and sell NFTs, and WAX’s NFT user experience is comparable to Amazon’s shopping experience.”
--- The WAX blockchain is the pioneer and leader in the NFT field that has been on fire this year. So far, more than 1 million NFTs have been created on the chain, and transactions in the secondary market are quite active.
Bloks.io ｜ Syed Jafri
" Bloks.io was acquired by Metal Pay just this year , and the whole process went smoothly . Our team is currently focusing on developing a user-friendly encryption ecological portal, and users will be able to quickly transfer cryptocurrencies and use them in application software."
--- Bloks.io is the leading EOSIO blockchain browser, loved by users, with rich functions and smooth experience.
Prospectors ｜ Nazar Chervinskyy
"Prospectors has completed 2 important events this year, it is hard to say which is more important, I want to share them with you.
We launched the Railroad system in both Prospectors game versions , which is a cross-chain channel we deployed between the WAX and EOS blockchains, allowing our players to freely transfer assets from one region to another in both Prospectors games Move to another area.
In addition, in the game, we have also built a new Prospectors Boomtown . This area is open for a limited time of two months. All players here need to work together and reach a consistent goal in order to obtain the final rewards, otherwise all players will lose everything. painstaking efforts.
The above two features are the most important in my opinion, but Prospectors has a very good development in many aspects in 2020. "
--- Prospectors is a MMORTS gold rush game, deployed on multiple blockchains, serving multiple ecological players.
FIO ｜ Luke Stokes
"Although 2020 is not over yet, the FIO protocol has completed technical integration with multiple exchange platforms so far. Blockchain users no longer need to use a long list of account addresses that cannot be remembered when trading cryptocurrencies. BitMax Exchange The coin deposit process already supports "FIO accounts", such as luke@bitmaxfio, and users can also mention custom addresses when withdrawing coins, such as luke@stokes. ChangeNOW exchange not only supports FIO accounts for cryptocurrency conversion, but also Support the use of the "FIO Request" function in the wallet to directly help users choose the correct currency, quantity and main network. This function is applicable to all currencies supported by the exchange. The FIO protocol has once again lowered the threshold for entering the blockchain ecosystem. Users get a smoother experience."
--- The FIO protocol is committed to optimizing the user experience of the blockchain and lowering the threshold of the blockchain.
Eva｜Raphael Gaudreault
"Eva's taxi service has expanded to multiple cities this year, and we have also added a courier service. At present, this service has signed cooperation agreements with more than 100 companies. Eva has covered 3 cities and is also reaching many milestones in the decentralized ecology This year's pneumonia epidemic is a great challenge for us, but we still have a very good development in this harsh environment."
--- Eva is a taxi-hailing service system built on the blockchain system, which is jointly operated by motor vehicle drivers.
pixEOS ｜ Fred Nogueira
"pixEOS launched the gallery section this year, using self-developed NFT technology, an authentication protocol for images and artists, and a wireless solution for physical assets."
---pixEOS is an art ecological platform developed based on blockchain technology.
Unbiased ｜ Sukesh Telda
"Unbiased completed the Alpha version this year, and we will soon launch the official version of the APP."
--- Unbiased invests in blockchain technology to solve bottlenecks in AI and big data research and development.