Blockchain circle

One stop hot information platform

About us:

Blockchain circle provides the latest information about blockchain, digital currency, digital wallet, exchange, metauniverse, bitcoin, Ethereum, contract, financial management and so on, and always pays attention to the latest market...

Interview with Li Ming, founder of Xianzi Technology: only blockchain can bring real digital economy

Time : 04/05/2022 Author : 3bqvma Click : + -
        October 25, 2019 is a day worthy of being recorded in the history of China's scientific and technological development. Because on this day, China's top decision-making level issued a clear call to the whole country: "take blockchain as an important breakthrough for independent innovation of core technology, and accelerate the development of blockchain technology and industrial innovation." This means that China will lead the world and human beings to start a new exploration and journey in the new generation of cyberspace built based on blockchain technology, and it is very likely that China will quickly occupy and become the top presence in the network virtual world for a long time. But what is the digital economy? There are different opinions on the relationship between digital economy and blockchain technology, and there is no unified answer and clear explanation.
        As the founder of [Xianzi technology] company, who has been deeply engaged in the field of digital economy for many years and is committed to building a digital economy value network with blockchain as the underlying technology, Li Ming has a deep and thorough understanding of the digital economy and blockchain. The following is our record of Li Ming's unique views on the digital economy in the face of institutional investors:. When we talk about "digital economy", we have to first say what is digital economy? So far, there is no unified definition of "digital economy". When Baidu is searched, the following explanation will appear: "the digital economy, as an economic concept, is an economic form in which human beings use big data (digital knowledge and information) to identify & mdash; select & mdash; filter & mdash; Store & mdash; and guide and realize the rapid and optimal allocation and regeneration of resources and achieve high-quality economic development.
        ”This definition is not wrong, but in my personal understanding, taking "big data" and other data information as the basis of the digital economy actually limits our understanding of the connotation of the digital economy and the infinite possibilities in the future. The world of "digital economy" is far more three-dimensional, richer and more vivid than we now imagine. [the constituent elements of the digital economy are not only the digitally expressed information, but also the value expression of all the real world. The digital economy is built on the value Internet.]. Everyone can understand that the premise of digital economy is the establishment of virtual cyberspace, but the network world we are in is only "information internet", and the information internet has only completed one thing: information digitization.
        If the understanding of the Internet only stays within the scope of the information internet, the understanding of the composition of the "digital economy" also only stays on the "information" expressed digitally. However, the revolution brought about by the blockchain is that it can express the "value" of our real world, including goods, services, content and other assets, as well as currency, in a definite and complete digital way through its technical capability, and reflect it in the virtual network world. Based on this capability of blockchain technology, the information internet is upgraded to the value Internet. In my opinion, only by clarifying the meaning of the existence of the value network can we accurately understand what the real digital economy is.
        In general, when we discuss various "economies" (whether it is market economy or Internet Economy), they are ultimately related to their economic activities. And what is economic activity? In popular understanding, economic activities are the process of exchanging labor and other "means of production" for goods and services in order to meet people's needs. Therefore, the basis of all economic activities is "exchange". Goods and services are the objects of exchange, and money is the medium of exchange. With a certain exchange mode and exchange space, it constitutes the pattern of economic activities. The digital economy I understand is not only a narrow process of collecting, processing and reusing information-based data, but also a complete reflection of the economic activities of the real world in the new cyberspace, that is, a complete reflection of the exchange pattern of the real world.
        This is the basis for the formation of the digital economy. Up to now, only blockchain technology enables the virtual network world to fully reflect the real world's currency form, commodity value form and exchange mode form. Therefore, only blockchain can bring about a real digital economy. The word "digital currency" has become a household name, but it is a pity that most people can not understand the difference between "digital currency" and "virtual currency" and "electronic currency", why digital currency came into being, and what changes digital currency has brought to the Internet & hellip& hellip; Even many companies and individuals who claim to be "blockchain" can not understand.
        So it is necessary to talk about what digital currency is? What problem has been solved?. Let's first understand what the real world currency is like? What is the difference between the currency in the real world and the "virtual currency" and "electronic payment currency" in the Internet?. 1. Real world currencies (such as RMB) are issued by the state. It is centralized in the issuance stage, but the RMB is typically "decentralized" in the circulation process. For example: taking a dollar out of my pocket and putting it in your pocket is not equivalent to that in the digital world, I transfer a dollar to you from the bank or I transfer a dollar to you through wechat or Alipay? Of course, the answer is "not equal to".
        Because in the first mode, only you and I are involved. We are direct payment from person to person and point to point (or direct value transfer); In the latter way, at least third parties such as banks or Alipay companies participate. 2. In the process of using RMB in the real world, can you spend a piece of money twice at the same time? The answer is "no". However, in the original information internet, when moving from a centralized system world to a non centralized world, the remaining problem is the above-mentioned "double spending problem" (referred to as "double spending problem"), because the data in the information internet can be changed, deleted and changed at will, and the data cannot be consistent.
        3. In the real world, the 1, 10 and 100 yuan notes of RMB not only indicate "1, 10 and 100", but also represent the corresponding value of 1, 10 and 100 yuan. You can buy goods with corresponding value. In the real world, the information and value carried on the RMB are integrated. However, in the original information internet, no matter banks or payment companies, only numbers are recorded in the information system. These recorded numbers will be worthless and meaningless if they are separated from the recording platform. In the information internet, the information and value of money under the centralized system are separated. The originator of blockchain technology "bitcoin" appeared to solve the above problems, so the white paper of bitcoin is called "a point-to-point electronic cash payment system":.
        3) The transfer of bitcoin represents the transfer of the value of bitcoin itself. Of course, bitcoin not only realizes the point-to-point circulation and transfer of money in the virtual network, but also completes the decentralization of the issuing process. This is impossible for "virtual currency" and "electronic currency". The real greatness of bitcoin is that it introduces "time series" (Time Series) into the virtual cyberspace for the first time, so that the virtual cyberspace can be constrained by orderly "time" like the real world. Blockchain is such a timing relationship. For example, there was no time sequence in the previous virtual cyberspace, so the data can be added, deleted and modified, and cannot be distinguished.
        With "time", even if the data is changed, it will be recorded as "changed data in the next time unit". It should be said that it is the temporal relationship that enables the birth of digital currency. The addition of the "time" dimension has promoted the once disordered virtual space into an orderly virtual space, making the digital economy feasible. Of course, I personally prefer that the issue of digital currency be carried out by institutions or organizations with strong credit endorsement, which is beyond the control of ordinary enterprises. I very much hope that the people's Bank of China can issue digital currency as soon as possible, leading China to a real digital economy world. Value digitization is the most important core in the future digital business society.
        In the digital economy era, every enterprise and individual can digitize their various assets and other values. There has been a lot of controversy about "how to digitize the value". Different companies have different views on how to digitize the real world value. I will not comment on the ideas and practices of others here, but just introduce the practices of our Xianzi Technology:. We bind the ownership and rights of goods, services and other valuable things to the digital carrier generated based on the blockchain technology. We call it "digital certificate". The merchant issues digital vouchers corresponding to goods or services, and the person who gets the digital vouchers can ask the merchant to pay for the goods or services.
        Digital certificates bearing the value of goods and services can be freely transferred on the Internet without any centralized system and platform restrictions like bitcoin. The way to realize this process is very simple, that is, we provide a tool to make the goods and services of various enterprises digitally certificated. In the future, once the people's Bank of China issues digital currency, the transaction between the central bank's digital currency and the digital voucher will fully simulate the real transaction pattern of "one hand payment and one hand delivery" in the real world. In fact, there is a larger premise for human beings to exchange, that is, to establish property rights first. The so-called "value digitization" is to express things in the real world in the digital network, In the final analysis, the most essential meaning of this sentence is a digital expression in the sense of rights or ownership, and that's all.
        To put it simply: effectively map and confirm the rights of real world values in the virtual world. Such recognition of rights needs legal support and basis. According to China's electronic signature law, a reliable electronic signature has the same legal effect as a handwritten signature or seal In other words, what a subject promises in a certain way in the digital network is legal validity. If the ownership of rights is confirmed in the digital network, it is an effective expression of the rights of things in the real world in the digital network, which is the fundamental connotation of value digitization. We can't move real things to the virtual world. What we can move is the right to control goods.
        As mentioned above, I explained the key role of the introduction of "time" in the blockchain technology on digital currency. The introduction of "time" also plays the most critical role in value digitization. Because "time" is a necessary condition in the matter of "confirming rights". In the real world, the way we acquire "things" is divided into "original acquisition" and "inherited acquisition". In the way of "original acquisition", the most common one is "preemption". In human society, people regardless of race, country or region have chosen one of the most fundamental principles: first come, first served! The word "first" of "first occupy, first get" expresses a concept of time.
        In the original disordered information internet, because there is no "time" lock, the time can be changed at will, and the order of "who comes first and who comes later" can not be distinguished, so the act of "confirming rights" can not be implemented at all. Among the ways of "acquisition by inheritance", the most common are sale, gift and inheritance. By the same token, in an Internet world where information can be changed at any time, without ensuring the stability of ownership of rights, it is impossible to carry out effective "confirmation of rights". Therefore, the introduction of "time sequence" in the blockchain technology not only enables the digital currency to be determined and not to be "double flowered", but also makes it possible to confirm the rights of things in the real world in the virtual network, and enables the implementation of "value digitization".
        Information is transmitted in the information internet, and value will be transmitted in the value Internet. However, there is a fundamental difference between "information transmission" and "value transmission": information transmission can be unilateral, and as long as one party outputs, the other party can receive it. Just like I'm talking to you now, I can transmit the sound to your ears whether you want to hear it or not. Unless you cover your ears, it's like turning off your computer on the Internet. In most cases, the transmission of value is both sides, and the transmission of value needs exchange. The premise of exchange is trust. For example, when two people exchange, should I give it to you first or should you give it to me first?.
        In the real world, exchange is often face-to-face. When we are in the same time and space, we can control the issue of "who gives first". But in a strange network, if this problem cannot be solved, the exchange will not occur. A core technology in blockchain technology is "smart contract". Smart contracts allow trusted transactions without a third party, which are traceable and irreversible. How to understand "trusted transaction" is to technically guarantee that once both parties reach an agreement on exchange terms, as long as one party exchanges first, the other party will also exchange. Therefore, based on the "smart contract" technology in the blockchain, the effective exchange can be ensured in the virtual cyberspace, and the exchange can be carried out at a high speed.
        As explained earlier, the current information internet is in a disordered state because there is no "time" dimension and data can be changed at will. Blockchain technology introduces "time series" into cyberspace, upgrading the information internet into an orderly Internet, and making the combination of time and space more close to the three-dimensional and multi-dimensional state of the real world. The fundamental reason for the emergence of these four cornerstones lies in the emergence and application of blockchain technology, which is why I would say that only blockchain technology can bring about a real digital economy. Blockchain technology is the basic condition for the formation of digital economy. Finally, let's imagine the virtual world in the future: in the new generation of order cyberspace built by blockchain technology, digital currency and digitized goods and services conduct efficient and unimpeded transactions; Combined with AI and other technologies, transactions become more and more intelligent and economic activities become more and more efficient; The cyclical economic problems that have plagued us for hundreds of years may be solved & hellip& hellip;。
        The virtual world is born from the real world, and then the two worlds map and influence each other. Finally, the virtual world develops a new economic activity form and a new form of cooperation that surpasses the real world.
Previous:severe winter! No pay for three months, blockchain media was shocked to find wages in arrears and layoffs
Next:No more

Related articles:

© 2005-2032 | Blockchain Circle & & All Rights Reserved    Sitemap1 Sitemap2 If there is infringement, please contact us at: