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Chain has no future, do alliance chain is plain sailing?

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Chen chun, an academician with the Chinese academy of engineering, said the fund sharing platform of the ministry of housing and urban-rural development has connected provident fund centers in 491 cities across the country, linking more than 50 million da

Original title: "the chain has no future, do alliance chain is plain sailing?"
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"Do not think that the current alliance chain development momentum is strong, just to praise the alliance chain, down the chain. Huang butian, founder of cloud blockchain, said.

After the rise of blockchain to the national level in China, and as many star chains have fallen off the throne, the chattering controversy over the sponsors of the public and alliance chains and the "parting of the ways" competition seem to have determined the winner of the first stage, the alliance chain.

Under the policy discourse, "league chain is the chain block future" argument has become gradually become the voice of the "mainstream", after the hard work of the league chain company was in the government, enterprises, the management and media, business cooperation and popularity have greatly increased, while many originally engaged in male chain research and development team is turning to league chain technology r&d and services, the fear of missing out on this train heading for the future.

Huang butian, who has been deeply engaged in the field of alliance chain for six years, has doubts about the corporate chain team transforming into alliance chain, and also disregards the change in attitude of valuing alliance chain over corporate chain. However, in the trend of corporate chain transformation alliance chain, there are also different voices.

"The chain is not without future, the alliance chain is not smooth sailing."

1. "is the chain of alliances false?"

"The chain of alliances is not a new concept." Yang hui (not her real name), former head of an alliance chain team, told DeepChain, "the concept of alliance chain emerged as early as 2015. Two years later, it was the spring of alliance chain development."

During that period, alliance chain teams such as cloud blockchain, interesting chain technology and booby blockchain were set up in competition.

In addition, China blockchain research alliance (CBRA) was established in January 2016. In April, China distributed ledger based protocol alliance was established. In may, ping an of China joined R3, a top blockchain alliance. In June, webank, jd finance and huawei jointly established the financial blockchain cooperation alliance (golden alliance).

The chain of alliances took root.

In 2019, the cyberspace administration of China (cac) released the first batch of block chain information service registration Numbers in China, including 197 block chain information service projects from 18 provinces and cities. Among them, the number of alliance chains is up to 116, accounting for 59%, nearly 60%. There are only 25 chain projects, accounting for 13%. The alliance chain is strong.

However, it is interesting to note that around the same time as the large-scale development of alliance chain, there were also widespread doubts about alliance chain in the block chain field.

Unlike the traditional concept of Commons, in an alliance chain, each participant can only consult and trade, but to verify the transaction, the agreement of the alliance nodes must be obtained. In short, the information on the alliance chain is read-only to everyone, and only the nodes have the right to verify or publish the transaction. These nodes form an alliance. Therefore, although the alliance chain reduces the node verification time, it is closer to the traditional management nature of "centralization", which is considered to deviate from the core idea of "decentralization" of block chain.

"In The chain of alliances, The phrase" Code Is The Law "no longer works. Yang hui believes that the emergence of alliance chain deviates from the spirit of block chain and satoshi nakamoto.

In fact, for some early blockchain preachers, the alliance chain was the castrated version of the blockchain.

In addition, others believe that the alliance chain is a big scam in the block chain. It is difficult to convince others that the alliance chain code is not open source and nodes are not open.

Even in the early days, ethereum's founder V shen once said that the spirit of blockchain was motivation and communication, and it was hard to imagine what a "coin-free blockchain" would look like.

"Actually, that's a myth." Li kai (pseudonym) of xunlei chain said that the alliance chain and the chain have their own user groups, in technology and business model can learn from each other and promote, can not replace each other.

"In the strict sense, the alliance chain and the public chain are horizontal, just two directions of the block chain development."

Huang butian also believes that the chain and alliance chain is not false proposition. The real judgment of block chain authenticity depends on whether the application scenario adopts a decentralized business governance model.

"The purpose of the chain is to solve the credit problem on a larger scale, while the emergence of the alliance chain is to solve the problem of the efficiency of cooperation between a single field or a small group." "They both solve different problems," huang explained to DeepChain.

"So in terms of thinking, they're not the same." Li said the alliance chain needs to think more about customer usage scenarios and technologies that can be applied to specific scenarios. Therefore, in terms of research and development, the alliance chain can have higher configurability and scalability, while the common chain needs to find a set of common solutions.

Nevertheless, in Yang hui's opinion, the public chain team transformation alliance chain phenomenon, or more out of "helplessness".

2. "chain or alliance chain?"

"Now the market is so bad, the chain project also dare not openly issue money." Yang hui said that before he worked for the chain team, in the face of the pressure of the form, chose to transform the alliance chain, and external publicity, just a technology provider.

In Yang hui's opinion, issuing COINS is the biggest charm of blockchain technology. "can a project without issuing COINS still be called blockchain?" Therefore, Yang hui chose to quit.

At present, Yang hui's team is not the only example of the chain transformation alliance chain.

On December 21, 2019, the corporate chain project IOST announced that it will develop the corporate chain and the alliance chain together. In addition, Conflux, a public link project, created its own affiliate chain division earlier in 2019; THINKEY and BOS, which once dominated the blockchain operating system, also chose alliance chain technology.

2020 is just the beginning, and more and more corporate teams will choose alliance chains in the future.

"But don't be too optimistic."

Huang believes that although the alliance chain is the current development trend, it does not mean that the team that makes the transition to the alliance chain will be successful.

First of all, most corporate teams get a lot of money early on, so it's easy for them to become pollyannaish and not plan for the long term.

"The consequences are now evident."

In addition, huang believes that block chain entrepreneurial teams, especially public chain teams, often have a problem, that is, technology-only.

"In other words, too idealistic. We can't have blockchain for blockchain's sake."

Little do you know, the chain or the alliance chain, it is ultimately to be used for the people.

In a real-world scenario, the measure of how good a team is is whether it has the ability to create, develop, solve, design and implement products on the spot.

In addition, huang said, even if all these transformation teams have the above five abilities, their financing ability also restricts their development to some extent.

"To put it bluntly, how much money do you have?" "Just like Internet companies, whoever can burn the money will live to the end," huang told DeepChain.

"As a result, I am concerned and not optimistic about the transformation of many corporate teams into alliance chains." Mr Huang says it is better to focus on a specific business.

Perhaps, in a sense, the common chain is just the other shore flower that the geek pursues ceaselessly, infinite and beautiful, achieve hard however, and alliance chain is the reality flower that value falls to the ground.

However, in Yang hui's opinion, this flower of the alliance chain can bloom because of the current "policy atmosphere", but its real benefits may not be satisfactory.

Earlier, lu xujun, CEO of netbook technology, which focuses on alliance chain technology, said in an interview that from the research and development of alliance chain in 2016 to 2018, netbook technology has only four to five customers, and in these cooperation, netbook technology exists as a "technology provider". In addition, lu xujun also said that the alliance chain landing, most of the proof of concept, can not be effectively landing.

V god has also said that the ceiling of the alliance chain has been revealed.

Even huang butian expressed frustration about the development of the alliance chain in the early days: "it's hard to get a direct and clear demand in the early days. Many institutions just want to know about the block chain, but do not come with demand."

On a more practical level, though popular, the alliance is awkward in terms of monetisation.

In 2017, the company completed round B financing of 1.5 billion us dollars, but its revenue of that year was only 5 million yuan and the loss reached 15 million yuan.

A well-known alliance chain service provider told DeepChain, in fact, many companies in the market doing alliance chain services have been at a loss in the early years, are burning financing, although the current situation has improved, but there are still problems in the profitability.

3. "no reason to doubt the future of the alliance chain"

"But right now, I think it's the trend of the alliance chain." Huang told DeepChain, "the flower of blockchain reality has already blossomed."

In February 2018, cainiao and Tmall international jointly announced that block chain technology has been used to track, upload and verify the full logistics link information of cross-border imported goods. In August of the same year, tencent cooperated with the state tax bureau of shenzhen to issue the country's first "block chain electronic invoice". In 2019, xunlei and the guangzhou municipal government jointly launched a local financial blockchain credit sharing platform, which can link up the credit data of various institutions.

Chen chun, an academician of the Chinese academy of engineering, also said in a speech in October 2019 that the ministry of housing and urban-rural development's provident fund data sharing platform has connected provident fund centers in 491 cities across the country, linking more than 50 million sets of data. The application of block chain has been extended from a single digital currency application to various fields of economy and society, and the effect is remarkable.

"These are just the tip of the iceberg when the alliance chain hits the ground." In terms of industrial application in the alliance, blockchain technology has been expanded to all fields of social economy, including finance, law, medical care, energy, entertainment, public welfare and other undertakings, said li kai.

In addition, li kai and huang butian also believe that the chain of alliances blooming in various fields will bear the most fruitful fruits in the financial sector.

Huang said that at present, domestic financial institutions and sub-financial institutions combined more than 6,000, and large and small Banks combined more than 1,300. Alliance chain can play a very broad space.

As early as 2018, ant financial cooperated with wallet GCash of the Philippines to launch block chain cross-border remittance, and standard chartered bank provided settlement services.

Ant financial, which is connected to the affiliate chain technology, has reduced its cross-border payment time from 10 minutes to several days to three seconds.

Mr. Ma said the project was one of his biggest concerns and that he had asked ant financial chairman jing xiandong at least 10 times about the project.

In addition, in recent years, a number of Banks have announced their own blockchain plans, almost all of which focus on clearing, payment, notes, supply chain and other areas.

Li kai said that the financial field is a typical scenario of multi-agent participation and asymmetric information, with serious information island problems, and trust is the key to solving the problem.

"As it happens, blockchain is built to solve trust problems." Li kai believes that the alliance chain in the field of great potential.

Meanwhile, huang believes that China's blockchain development level in the future will certainly be better than that of foreign countries.

Because the western social governance architecture is relatively complete, the desire to explore new models of social governance is not very strong, just as mobile payment is developed in China while credit CARDS are still used abroad.

"We are more advanced in payments than the west because the flaws in our payment system have pushed us to explore new payment systems."

"So we have no reason to doubt the future of the alliance chain." Huang butian finally said.

Source:weixin.qq.com