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Data driven, smart future, Zhang Shuai of quchain technology deeply understands the application and data value of blockchain industry

Time : 14/12/2021 Author : wr48on Click : + -
        August 25, 2020, SIGKDD & middot; The second sdbd2020 International Symposium on smart data and blockchain applications was held online to discuss data governance and sharing in the context of the data economy. Dr. Zhang Shuai, vice president of Hangzhou quchain Technology Co., Ltd., was invited to attend and bring the special sharing of "blockchain industrial application and data value", in-depth interpretation of blockchain and data sharing, and analysis of actual landing cases. At present, the development of information technology is moving at a high speed, waves are rising, and the protagonists are changing. The blockchain has become the entrance of the era of Internet of everything, and as an intermediate horizontal technology, it serves as a bond between artificial intelligence, cloud computing, Internet of things and big data technology.
 
        The operation of new technologies cannot be separated from the generation, transmission and storage of data. As the most core element, the trusted sharing of data releases great value to various industries. The blockchain technology just solves the problem of platform trustworthiness. The integration of the two is a trend and inevitable. On how to realize the mutual integration and sharing of blockchain and data, Dr. Zhang Shuai of quchain technology said that many people directly jump to the stage of value distribution when discussing blockchain applications, but in fact, blockchain technology itself has a development process. For example, the first stage of the blockchain is to link trusted information to form value, because the blockchain itself will not generate trusted and valuable data. Unlike bitcoin's completely self-sustaining network, all information is generated on the chain.
 
        The integration of blockchain and data inevitably involves the credibility of the original data and the data itself. Therefore, Dr. Zhang Shuai of quchain technology believes that the first stage is value generation, that is, how to put trusted information on the chain, which can be mastered by its own trusted institutions, or some edge IOT devices can be used to directly collect information from the source and put it on the chain to solve the problem of the first kilometer of the blockchain. The second stage is called value transmission or value transfer, which can be divided into two directions. One is to digitize assets, such as credit evidence, contracts, invoices, logistics information, production information and other credit assets of some enterprises, which are widely used in supply chain finance and other fields.
 
        The other is to capitalize the data, which is based on the available but invisible ways to combine small data into big data. The third stage is value distribution. For example, the data itself is agreed based on smart contracts. As long as the incentive methods are mutually recognized and agreed, the incentive can be ecological, that is, the incentive can be solidified in the blockchain with smart contracts or other methods to form a new distributed business value system. From the technical point of view, facing such demands, what are the leading blockchain enterprises like quchain technology doing? Dr. Zhang Shuai made a brief introduction according to the technology ecology of Hangzhou Qulian Technology Co., Ltd. From the bottom infrastructure layer, traditional IDC and cloud service providers create public cloud, private cloud and hybrid cloud.
 
        From the perspective of blockchain, based on this infrastructure, quchain technology forms a layer of blockchain that is traditionally understood, such as consensus algorithm, storage networking, and implementation of consensus contracts. Data integration mainly involves two layers. The first is the exchange expansion layer, which realizes the trusted storage and trusted exchange of data; The second is the cross chain protocol layer, which enables different chains to form a trusted data exchange platform. For example, in smart government, a large number of government applications form data exchange between different government departments, governments and banks, or between governments and individuals. Based on a complete set of technical solutions, the application of smart government is formed. Use algorithms such as federated computing to realize an invisible platform for data availability. The greatest value of the blockchain is to do data registration and record all data exchange processes, so as to ensure the safe storage of data and the safe sharing of data.
 
        All the federal computing process data are first registered on the chain, including its capital system, some authorized access rights and access logic, and even the price to be paid when visiting the registered data. If the registration is done in the blockchain and smart contract, it is likely to be a fully automatic execution process between different institutions, and the nodes of different institutions need to automatically exchange data. Such a technical system has actually been implemented in a large number of fields such as finance, blockchain and supply chain finance, such as smart government, e-licenses, medical interconnection, etc. Large manufacturers such as Boeing and Airbus also use blockchain to track and trace all parts and supply chain.
 
        Dr. Zhang Shuai of quchain technology also shared the experience of quchain technology in the field of blockchain and data sharing and the actual implementation cases. For example, the accumulation fund data sharing platform jointly developed by quchain technology, the head office of China Construction Bank and the Ministry of housing and urban rural development, as long as the housing accumulation fund is paid, the data can be shared on the accumulation fund chain through the blockchain platform of quchain technology. Blockchain technology helps to form a data sharing between the reserve centers, ensure the accuracy, consistency and security of data, and realize data business collaboration among multiple departments. The second case is quchain technology and the national audit office working together to create a trusted data storage system.
 
        The greatest value of the audit office's use of blockchain lies in the storage of original data, the use of smart contracts to implement audit models, and the improvement of data query calculation and verification. The two most worrying issues in the audit field are: first, whether the original information data has been tampered with after it is uploaded; second, whether the real-time in-process audit can be realized. Now based on the blockchain, the real-time uploading of original data and the implementation of audit can be realized. The benefits are to improve the efficiency of collaborative audit, calculate the operation process, audit steps and results through the blockchain, and reduce the repeated verification operation under the large data volume. In addition, the blockchain prevents data tampering and ensures that all operations can be traced, which makes it have broad application space in the field of supply chain finance.
 
        Finally, Dr. Zhang Shuai of quchain technology concluded that the birth of blockchain is not intended to serve data sharing and exchange, but data is the core key point in the new infrastructure. As a horizontal technology, blockchain integrates other technologies and forms a very tight connection with data, posing new challenges to its form. The greatest value of the combination of blockchain and data is to make the digital and real world more transparent, efficient and reliable. The massive data produced by the information explosion has always affected people's lives. At present, the application of blockchain technology complies with the high requirements of data management mode, and realizes the management of the whole life cycle of data from generation, storage, processing, release, use, update to data destruction.
 
        In the future, quchain technology firmly believes that the blockchain, as a new generation of information technology, will efficiently integrate with the public data and create different data sparks, opening a new chapter in the blockchain ecology. [advertising] Disclaimer: This article is to publicize business information and does not represent the views and positions of this website, nor does it represent that this website confirms the authenticity of its contents. It is only for readers' reference, and please verify the relevant contents by yourself. If the user uses it as a reference for consumption or investment behavior, this website warns the user to make a prudent decision. August 25, 2020, SIGKDD & middot; The second sdbd2020 International Symposium on smart data and blockchain applications was held online to discuss data governance and sharing in the context of the data economy.
 
        Dr. Zhang Shuai, vice president of Hangzhou quchain Technology Co., Ltd., was invited to attend and bring the special sharing of "blockchain industrial application and data value", in-depth interpretation of blockchain and data sharing, and analysis of actual landing cases. At present, the development of information technology is moving at a high speed, waves are rising, and the protagonists are changing. The blockchain has become the entrance of the era of Internet of everything, and as an intermediate horizontal technology, it serves as a bond between artificial intelligence, cloud computing, Internet of things and big data technology. The operation of new technologies cannot be separated from the generation, transmission and storage of data. As the most core element, the trusted sharing of data releases great value to various industries. The blockchain technology just solves the problem of platform trustworthiness. The integration of the two is a trend and inevitable.
 
        On how to realize the mutual integration and sharing of blockchain and data, Dr. Zhang Shuai of quchain technology said that many people directly jump to the stage of value distribution when discussing blockchain applications, but in fact, blockchain technology itself has a development process. For example, the first stage of the blockchain is to link trusted information to form value, because the blockchain itself will not generate trusted and valuable data. Unlike bitcoin's completely self-sustaining network, all information is generated on the chain. The integration of blockchain and data inevitably involves the credibility of the original data and the data itself. Therefore, Dr. Zhang Shuai of quchain technology believes that the first stage is value generation, that is, how to put trusted information on the chain, which can be mastered by its own trusted institutions, or some edge IOT devices can be used to directly collect information from the source and put it on the chain to solve the problem of the first kilometer of the blockchain.
 
        The second stage is called value transmission or value transfer, which can be divided into two directions. One is to digitize assets, such as credit evidence, contracts, invoices, logistics information, production information and other credit assets of some enterprises, which are widely used in supply chain finance and other fields. The other is to capitalize the data, which is based on the available but invisible ways to combine small data into big data. The third stage is value distribution. For example, the data itself is agreed based on smart contracts. As long as the incentive methods are mutually recognized and agreed, the incentive can be ecological, that is, the incentive can be solidified in the blockchain with smart contracts or other methods to form a new distributed business value system.
 
        From the technical point of view, facing such demands, what are the leading blockchain enterprises like quchain technology doing? Dr. Zhang Shuai made a brief introduction according to the technology ecology of Hangzhou Qulian Technology Co., Ltd. From the bottom infrastructure layer, traditional IDC and cloud service providers create public cloud, private cloud and hybrid cloud. From the perspective of blockchain, based on this infrastructure, quchain technology forms a layer of blockchain that is traditionally understood, such as consensus algorithm, storage networking, and implementation of consensus contracts. Data integration mainly involves two layers. The first is the exchange expansion layer, which realizes the trusted storage and trusted exchange of data; The second is the cross chain protocol layer, which enables different chains to form a trusted data exchange platform.
 
        For example, in smart government, a large number of government applications form data exchange between different government departments, governments and banks, or between governments and individuals. Based on a complete set of technical solutions, the application of smart government is formed. Use algorithms such as federated computing to realize an invisible platform for data availability. The greatest value of the blockchain is to do data registration and record all data exchange processes, so as to ensure the safe storage of data and the safe sharing of data. All the federal computing process data are first registered on the chain, including its capital system, some authorized access rights and access logic, and even the price to be paid when visiting the registered data.
 
        If the registration is done in the blockchain and smart contract, it is likely to be a fully automatic execution process between different institutions, and the nodes of different institutions need to automatically exchange data. Such a technical system has actually been implemented in a large number of fields such as finance, blockchain and supply chain finance, such as smart government, e-licenses, medical interconnection, etc. Large manufacturers such as Boeing and Airbus also use blockchain to track and trace all parts and supply chain. Dr. Zhang Shuai of quchain technology also shared the experience of quchain technology in the field of blockchain and data sharing and the actual implementation cases. For example, the accumulation fund data sharing platform jointly developed by quchain technology, the head office of China Construction Bank and the Ministry of housing and urban rural development, as long as the housing accumulation fund is paid, the data can be shared on the accumulation fund chain through the blockchain platform of quchain technology.
 
        Blockchain technology helps to form a data sharing between the reserve centers, ensure the accuracy, consistency and security of data, and realize data business collaboration among multiple departments. The second case is quchain technology and the national audit office working together to create a trusted data storage system. The greatest value of the audit office's use of blockchain lies in the storage of original data, the use of smart contracts to implement audit models, and the improvement of data query calculation and verification. The two most worrying issues in the audit field are: first, whether the original information data has been tampered with after it is uploaded; second, whether the real-time in-process audit can be realized. Now based on the blockchain, the real-time uploading of original data and the implementation of audit can be realized. The benefits are to improve the efficiency of collaborative audit, calculate the operation process, audit steps and results through the blockchain, and reduce the repeated verification operation under the large data volume.
 
        In addition, the blockchain prevents data tampering and ensures that all operations can be traced, which makes it have broad application space in the field of supply chain finance. Finally, Dr. Zhang Shuai of quchain technology concluded that the birth of blockchain is not intended to serve data sharing and exchange, but data is the core key point in the new infrastructure. As a horizontal technology, blockchain integrates other technologies and forms a very tight connection with data, posing new challenges to its form. The greatest value of the combination of blockchain and data is to make the digital and real world more transparent, efficient and reliable. The massive data produced by the information explosion has always affected people's lives.
 
        At present, the application of blockchain technology complies with the high requirements of data management mode, and realizes the management of the whole life cycle of data from generation, storage, processing, release, use, update to data destruction. In the future, quchain technology firmly believes that the blockchain, as a new generation of information technology, will efficiently integrate with the public data and create different data sparks, opening a new chapter in the blockchain ecology.
 
        
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