Things auxiliary block chain loop formed business

 


Internet business model, and the difference of things things based on object data network, the core business logic is a data collection device side. During a speech, universal block chain chairman Xiao Feng pointed out that many business scenarios, real-time data transactions between the device and the device is very large, and collaborative computing needs are very large. From an investment point of view, things endowed with machine intelligence, the machine can peer exchanges and people laid the foundation for the new smart society.

Internet is the core of the business model by collecting user behavior data, accurate positioning of the customer portrait, with artificial intelligence matching algorithm for precise marketing, greatly enhance transaction efficiency, reduce costs and improve the user experience. However, networking and Internet business models there are very different.

"I think things business model loop must be financialization equipment network> network digitization> Data Assets> Asset share of> share transaction of> transaction." Xiao Feng said that based on trade digital assets can provide a very a wealth of financial services, divided into standard only to facilitate share trading, or trading data can not form a good market liquidity, nor is it a clear market pricing.

Things will enhance the tools of technology as institutional technology

Turning to the commercial value of things, Xiaofeng described from two aspects "tool technology" and "institutional technology." He believes that the Internet is the system of a technology that can create a lot of new business models and commercial remodeling. And compared to the, WiFi is instrumental technique, currently no one can find on the huge business opportunities in instrumental technology.

The so-called disruptive technologies will bring changes in the economic system and institutions, things would have become a feature of institutional technology. To transition from institutional tools of technology as technology, simply just rely on the Internet of Things technology itself can not be achieved, the block chain indispensable in the meantime.

And the block chain complementarity Things

To form a complete closed-loop business, things become technology in the institutional, ultimately, there is bound to block chain. In this regard, Xiao Feng explains the necessity block chain from the following three levels:

1. confirm the identity of the device

Any value network-based financial system and block the chain, the bottom is the identity of the device confirmed that this is a prerequisite for the formation of things the business closed, block chain technology can provide this enormous help. All interconnected world, the device needs a credible "identity" can not be changed, only the assets and the subsequent data block chain transaction data, and the block chain technology will give the digital device identity can not be altered characteristics, which is form the basis of the closed-loop business.

2. The device of books system

It provides a data transaction accounting methods based on books distributed block chain, which is a distributed database can not be completed. All the data every minute during equipment operation, how the data records, it takes a measurement of how the system according to. Existing distributed database can solve part of the problem, but it can not be real-time data of financial assets and, at this stage distributed books can be resolved.

3. Equipment data confirm ownership

Block chain asymmetric encryption algorithm (i.e., public + private) is indeed a digital rights ownership manner. In which the private key is the only digital copyright validation techniques. All digital things are very easily copied zero marginal cost, proliferation, in order to ensure that the data is not zero-cost out-proliferation, influence the formation of market data and value system, block chain data confirm the property rights provide an efficient technical support.

4. The device data exchange and the billing unit

Assets of data in the transaction need to give a clear measurement units, Token is a unit of account data. Privacy issues will affect the data device data property. Simple data protection can not bring value, the data value for the enterprise and must be reflected in the exchange transaction, plus cryptography algorithm block chain can bring strong privacy protection for device data, protect data assets secure transaction process. Block chain technology can assist in data capitalization, ownership confirmation numbers, to prevent double-flower trade. [This article from finishing Xiao Feng speech]

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