The blockchain market has returned to calm from the initial frenzy, and people have begun to think about the most essential connotation and meaning of the blockchain itself. As for what the blockchain is, people have begun to return to sobriety from the initial confusion. The essential meaning of blockchain technology is not to issue coins, but to reconstruct and shape the original operation system of traditional industries, so as to construct a new contract system that is more intelligent and secure. If the blockchain is only regarded as a new concept, or a new way of making money, then the development of the blockchain is bound to fall into a vicious circle of concepts.
How to maximize the value of the blockchain may be a question that everyone in the current market should think about. The successful application of blockchain technology in digital currency has shown us its great power. Similarly, the bubble of digital currency has shown us the drawbacks behind the lack of restraint in blockchain technology. After saying goodbye to the frenzy and confusion, people's views on blockchain technology have become rational, and exploring applications other than digital currency will become the highlight of blockchain technology development in the future.
Whether it is a technology giant represented by Alibaba and Baidu, or a small and medium-sized entrepreneur, people are trying to find the possibility of applying blockchain in traditional industries. From food traceability to intellectual property protection, to insurance and legal-related fields, the combination of blockchain technology and these traditional industries is bringing us extremely rich imagination. Although blockchain technology has opened up a way for us to think about and solve the pain points and problems of traditional industries, we still cannot deny the primitive, primitive and immature reality of blockchain technology. How to think about and solve the difficulties and problems encountered by the current blockchain industry , may be more important than blindly competing concepts.
The bubble burst, and the blockchain industry began to return to rationality and objectivityAs a new technology, the fact that the blockchain can be recognized by people in such a short period of time shows its great charm. However, if only relying on a primitive technology to gain such a huge influence, we have to admit the bubble under this prosperity. The coldness of the blockchain industry forum and the difficulty of financing blockchain projects all indicate that the blockchain technology that was praised by people in the early stage is beginning to return to rationality.
Capital investment is beginning to be cautious, and the blockchain concept is no longer the only consideration. People's attention to the blockchain has a lot to do with the fueling of capital. It is because of the boost of capital that entrepreneurs see the hot spot of blockchain. As a result, various blockchain concepts and various blockchain projects began to emerge, and they began to fill people's attention. Although there are still high-quality blockchain projects among these projects, most blockchain projects are trying to use the label of blockchain to win the attention of capital.
As capital is cautious about investing in blockchain projects, projects that only use the concept of blockchain have begun to encounter financing difficulties, and blockchain is no longer the "golden oil" that is favored by capital. In addition to focusing on the innovation of blockchain projects, investment institutions pay more attention to whether these so-called innovative blockchain projects can really bring fundamental concepts to the development of the industry. Projects that focus on blockchain labels began to encounter more and more difficulties, and the blockchain entrepreneurial boom promoted by capital also began to encounter difficulties. The calmness of capital makes blockchain entrepreneurs also begin to return to rationality and find the best posture for blockchain landing.
At the same time, the rise of other new technologies has also reduced the limelight of the blockchain, and these new technologies bring people's imaginations to be no less than the blockchain technology. The existence of this phenomenon also makes the blockchain technology begin to return to rationality. People begin to explore a development model that is more suitable for the blockchain, and try to find a development model that is more in line with the actual blockchain industry in addition to capital.
The business model of blockchain is no longer limited to digital currency, and new business models are beginning to emerge. The rise of blockchain technology is largely caused by digital currency. It is because of digital currency that people realize the great charm of blockchain technology itself. Therefore, in the bubble period of blockchain development, many blockchain projects are finally realized through digital currency, and digital currency has become the only channel and ultimate goal of blockchain technology realization.
Just seeing digital currency as the only monetization model will undoubtedly bring the development of blockchain technology into a new predicament. The non-compliance and illegality of digital currency make blockchain projects touch the bottom line of policy supervision all the time. Excessive and one-sided reliance on digital currency to monetize blockchain projects can only make blockchain projects fall into new predicaments, and finding new business models has become the key to the long-term development of blockchain technology.
We see that many blockchain projects are beginning to find ways and means to enrich the business model of blockchain projects by empowering external industries. Especially the technology giants represented by Ali and Baidu, they all regard blockchain technology as part of optimizing the logic of traditional business operations, and use the longer tail effect of blockchain technology to find solutions to crack the realization of blockchain predicament. Today, when empowerment is becoming mainstream, blockchain technology has also begun to become the main method and means of underlying empowerment together with big data, cloud computing and AI.
With the gradual improvement of blockchain technology, people's understanding of it has become objective. One of the important reasons why people were so fascinated by blockchain in the early days was its performance in digital currency, not the blockchain technology itself. From another point of view, people's fans of the blockchain are not because they really understand the blockchain, but because they know the digital currency. Therefore, when the blockchain technology really began to improve, people found that the blockchain technology is not just as simple as digital currency, but has more in-depth applications. With the burst of the blockchain bubble, people began to realize its most essential meaning, and began to return to rational investment in the blockchain.
We saw that in the early days, people such as aunts, micro-businesses, and Internet celebrities joined the torrent of blockchain. One of the important reasons was that these people did not know or understand the blockchain. With the gradual improvement of blockchain technology, people find that blockchain technology and digital currency are not the same thing. Blockchain technology is not a tool for wealth creation like digital currency, but can really bring essential changes to the development of the industry. Technology. At this time, people began to look at the blockchain more rationally, the investment bubble in the blockchain industry began to wander, and the entire industry began to return to rationality and objectivity.
In addition, as an underlying technology, blockchain itself cannot obtain huge wealth in a short period of time like digital currency, but has become a breakthrough that requires time and technology accumulation. At this time, the aunts, micro-businesses, and internet celebrities who only saw the blockchain as a means of getting rich began to retreat. The entire blockchain market began to return to technology from the concept, and the development of the industry began to become rational and stable.
In a sense, the bubble in the blockchain market began to burst, which is the beginning of people's rational understanding of blockchain technology. For the blockchain industry, people's rational understanding enables them to find more development possibilities. In addition to digital currency, blockchain technology should find more possibilities for development. If we only limit the ultimate goal of blockchain technology to digital currency, it will inevitably limit its development space. Only by finding more development Only with space can the development of blockchain technology open up an era of diversified development.
Farewell to the sky of digital currency, where is the future of blockchain?To a certain extent, the bursting of the blockchain bubble is the bursting of its application in digital currency, and does not mean the bursting of the blockchain as a whole. Therefore, bid farewell to the profitable space of a single digital currency, and blockchain technology should be able to find more development possibilities. So, when digital currency is no longer the only direction of the blockchain, what is the way out for it in the future?
By sorting out the internal elements of the industry, blockchain can once again improve the efficiency of industry operations. One of the important reasons why the blockchain has such a colorful performance in digital currency is that it breaks the traditional currency operation system and further improves the operation efficiency of the industry with the help of blockchain technology. Therefore, in the future, blockchain technology will have a more noteworthy performance in sorting out the internal elements of the industry, stimulating the vitality of internal elements, and improving the efficiency of industry operations.
Unlike Internet technology, which gathers the internal elements of the industry on one platform, blockchain technology stimulates the vitality of every element in the industry, and realizes the reshaping of the industry structure, thereby improving the efficiency of industry operation. . At the moment when the trend of B-end user empowerment is prevailing, by sorting out the internal operating elements of the industry and reshaping the basic structure of the industry, we may be able to find new application possibilities for blockchain technology, which will open up the blockchain A whole new stage of development.
The enrichment and improvement of blockchain technology can open up more development possibilities. In fact, the current blockchain technology is not perfect, and the entire technical system is still quite primitive. As a new technology, one of the main development directions of blockchain technology in the future is how to improve and optimize its own technical system. Optimize and enrich to find more development possibilities for the blockchain. We have seen that concepts related to the computing power, consensus mechanism, encryption technology and other related concepts of blockchain are beginning to be enriched and improved. It can be concluded that with the continuous improvement of these technologies, we will find more development possibilities for the blockchain in the future.
It is worth mentioning that one of the reasons why the early blockchain technology is so much associated with digital currency is that its initial technology is based on digital currency. With the continuous enrichment of blockchain technology in the future, in addition to digital currency, blockchain technology may be able to derive more technical systems, which can be deeply integrated with the industry, so as to provide wider application of blockchain technology. offer possibilities.
To clarify its own positioning, the blockchain should do its own part of the work. The blockchain is not the whole of the industry. If the blockchain is regarded as an independent industry and the positioning of its underlying technology is ignored, then the development of the blockchain will inevitably enter a stage of bubble and irrational development. One of the important reasons why there are so many bubbles in the early blockchain technology is that we regard the blockchain as an industry, ignoring the possibility of its integration with external industries.
In the future, one of the important reasons why the blockchain wants to achieve longer-term development is to clarify its own positioning, strengthen the functions and functions of the underlying technology of the blockchain, and realize its own development through deeper integration and contact with external industries. maximization of value. Clarifying one's own positioning and doing the part of the work that truly belongs to oneself may be the main way that blockchain technology can truly bring long-term development to oneself.
Blockchain is an underlying technology, it must and must be connected with external industries. Only in this way can blockchain technology play its own powerful functions and roles, and truly allow external industries to achieve more development because of itself. possibility. Let the blockchain do what the underlying technology should do, instead of scratching the beard and eyebrows, perhaps to ensure that its future development is more profound and extensive.
The decline of the blockchain boom shows that people's understanding of it has begun to be rational and objective, and this may be the market atmosphere that the blockchain industry needs most. One of the important reasons why there are so many chaos in the early blockchain is that it is only caused by focusing on digital currency. In the future, blockchain can only bid farewell to the difficulties of digital currency. Only by truly returning to itself can we find more development possibilities.
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