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Encrypted data revolution, a look at Chainbase’s secret grand plan

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Committed to making encrypted data easy to use and effective, we continue to help the most creative people of this era realize their ideas.

Source: Chainbase

We believe that the future world will be Onchain, and every individual and organization will rely on blockchain.

This belief stems from the unique nature of blockchain: it is a world computer that is open for everyone to access and use, but no one can own. More importantly, blockchain is the world's first default public and constantly expanding global data network.

In the past, internet data has always been a closed and scarce resource, limited to organizations and specific individuals with data monopolies for access and use. However, blockchain technology has broken this limitation by providing a new value system based on public, shared, and immutable data and infrastructure. This is not only a paradigm shift in data and computing, but also an expansion of the entire internet.

With the help of this technology, existing native internet protocols can be continuously upgraded, allowing anyone around the world to directly build and exchange value. This transformation has unleashed a new trillion-dollar market, giving the internet unprecedented vitality and energy.

Reviewing several media changes of information and data in computer science before and after:

On paper inefficient, limited, and insecure.

On disk, the information you are concerned about will be stored locally on the hard drive.

On cloud data that is collected, managed, and utilized in a centralized manner will be stored in the cloud.

On chain, everything that is important to everyone will be placed on the chain.

Onchain is not just a technical term, it will be another form of Online. Next, data will become more democratic and exist on a larger scale under the impetus of AI.

This poses a challenge: how do we redesign encryption to build a truly open and sustainable data infrastructure that accelerates human progress more broadly? This is precisely the mission of Chainbase. We are committed to making encrypted data easy to use and beneficial, constantly helping the most creative people of this era to realize their ideas.

In order to achieve this goal, the plan will be divided into four phases:

Phase 1: Build the open data platform

At this stage, we will build an open, fast, and stable data platform based on the real needs of industry users (mainly three types: engineers, data scientists, and analysts), and incorporate the concept of openness into the design of the entire product, enabling people to centrally access, process, analyze, and apply artificial intelligence to encrypted data to the fullest extent possible.

This is our core business. We work closely with our users to refine our products and expand our user base, in order to gain insights, improve our brand image, and increase our industry influence. Profit is not the key focus at this stage. Almost all new technologies have high initial costs, and it is only after reaching the point of economies of scale that costs gradually balance out and corresponding barriers are established.

Phase 2: Build a trust-less, sustainable data model network

Openness, transparency, trustlessness, and sustainability are the core principles of blockchain. We will apply these principles to the parsing, modeling, and description systems of data set models. At this stage, we will build a data model network. By using a set of protocol standards, we will standardize the data interpretation layer in the encryption field (from raw data to decoding contracts and abstract business layers) as much as possible, allowing for the greatest improvement in the richness and quality of data sets. With the participation of more people, the entire system will operate at a faster speed, ultimately ensuring that the processes (knowledge) behind all data sets are open, transparent, composable, and not controlled by centralized will.

Phase 3: Build data-based, mass-market apps through investments or acquisitions

Data can only truly demonstrate its value in specific application scenarios. The application of encryption in the past has been criticized for various reasons. Therefore, at this stage, we will build a series of data-driven applications and tools for the mass market through investment, acquisition, or incubation. These applications will not only promote the iteration and wide range of use cases of the Chainbase platform, but also bring more practical tools, entertainment, and services to global users, with the aim of greatly reducing the application threshold and enabling hundreds of millions of ordinary users to participate.

Phase 4: Driving 10M people to build on blockchain for mass builds

In the final stage, our vision is to inspire global creativity and engage at least 10 million people in the construction. We aim to attract not only developers, but also product managers, data scientists, and other professionals. Such interdisciplinary collaboration will foster unprecedented innovation.

These scenarios and fields may include but are not limited to: identity systems, computing storage, social media, gaming, advertising, RWA, efficiency tools, etc. We believe that the next Google, Twitter, Meta, Netflix, Uber, etc. may emerge from these innovations, and we are very excited about this prospect! This means that in the future, their existence will directly or indirectly change the world and have a huge impact on humanity.

Conclusion

We, like the industry, are still in the early stages, and the new data revolution has just begun. Ideally, we need more than five years to go through these stages.

In addition, we are not just building a platform or solving a problem. Our goal is to activate a brand new creative ecosystem. Finally, if the Chainbase phase "succeeds", it means that even developers who have just come into contact with blockchain or ordinary users who do not understand technology can easily use on-chain data for valuable innovation. There will be tens of thousands of use cases, and encryption will be ubiquitous. People will no longer need to waste time repeating the same tasks, decrypting data, building systems, ensuring stable operation, etc. This world will become incredibly simple!