Beware of block chain concept hype _ Bitcoin development

Block chain High starting point, whether the Government, experts, enterprises or from the media, our description of the block chain is used the most absolute word, "block chain Up", "block chain will eventually subvert our lives", "block chain triggered the system revolution" credit. In this fast-changing market, the block chain is the concept of speculation. or have roots.


Beware of the concept hype of block chain


To achieve internationalisation of the renminbi, the central bank said it was seeking an early launch of the digital currency. As soon as the news came out, the concept stocks drifted red. The block chain, as the underlying technology of digital currency, is naturally in it. Block chain High starting point, whether the Government, experts, enterprises or from the media, our description of the block chain is used the most absolute word, "block chain Up", "block chain will eventually subvert our lives", "block chain triggered the system revolution" credit. In this fast-changing market, the block chain is the concept of speculation. or have roots.


Some experts pointed out that the current situation at home and abroad, block chain technology is still in the concept of speculation stage, the company has no practical things. At the same time, Citigroup is skeptical about the ledger technology. Three Citigroup researchers, Kess Horowitz Keith Horowitz, Adrian Potter (Adrien Porter) and Michael Conny (Michael Croni) released a 48-page survey that was not bullish on the bustling block-chain technology.


Beware of the concept hype


May 17 Opening: Prev Shen Chengzhi Rose 0.08%, block chain dazzling. March 2016, radio and Television Express, very early attention to the development trend of digital money, around the development of digital money industry needs, the company has set up a special team to carry out related work, including the block chain technology research. February 2016, flying good faith that the company currently in the block chain technology has a certain technical reserves and research, the future will actively participate in the digital currency and other block chain technology industry. Letter Astec said that the company has not been involved in technology research block chain and digital currency technology, is closely tracking the block chain and the digital currency and other related emerging services and technology development.


A series of reactions from the concept stock of block chain shows that the research and application of the block chain is not as iffy as the online speculation, the company mostly just stay in "the future closely follow the trend of block chain" stage, did not make substantive measures, such as investment in human, material resources, funds and so on. The financial industry has to reinvent its existing business processes with radically different technologies, and this is a long way off the block chain. China's digital currency has not yet been issued, subversion of the traditional credit system also need time, excessive attention to the concept of block chain stock market turmoil, the concept of leading stocks with the hype fermentation, other concept stocks are also rising, there will be some opportunistic people to seek commercial interests. If the block chain is only a concept, never thought of services, products, the concept can be the future of the market in-depth excavation, can also be a hype excuses, self-deception of the guise.


Technology should rely on mature products and applications, rather than the concept of hype. Bai, the former chief technology officer of the Shanghai Stock Exchange, made it clear that the concept of block chain in the capital market is in fact a pseudo concept and is not recognized by the industry. For the emerging technology, we cannot evade and neglect, because it has the infinite possibility which subverts our life. However, we can not blindly follow, into the trap of block chain hype. The concept of re-hyun should also be based on product and application.


Substantive progress?


May 17, the Block chain Project DAO in a short span of 15 days, has raised nearly 109 million U.S. dollars, to the financial sector hit a heavy. 2016 block chain first quarter report, Bitcoin and block chain start-ups to obtain total venture capital has exceeded 1.1 billion. At present, the number of block chains or hybrid enterprises is 4 times times last year, the first quarter of 2016, block chain and mixed-type enterprise financing volume for the first time more than bitcoin start-up companies. News, let's look at the progress of the national block chains.


R3cev, a block chain Alliance of 42 international Banks, is on the verge of releasing its products; the Russian Central bank formed a working group, the primary research object including block chain technology; The Australian Stock Exchange has long established partnerships with digital Asset Holdings, a cryptographic currency company, will use block chain technology for the Australian Securities Market research and development solutions. In foreign countries, more and more banks to join the block chain research.


At home, the 100-person forum on global shared finance announced the establishment of "China Block Chain Research alliance" in Beijing. China Credit is intended to subscribe to a series of preferred shares of Bitfure 205,000 shares at a total cost of USD 30 million. Sunshine Insurance uses the latest block chain as the underlying technology architecture launched the "Sunshine Bay" points. One currency: The world's first mining pool based on the number of block chain.


Large and small research institutions have been basically formed, why the enterprise has not shot. Block chain technology has not reached the stage of large-scale commercial use, system updates, including the early development of investment needs a lot of money, 2016, the cold winter of Internet financial capital, enterprises Zichu, "closely follow the trend of the future" is also reasonable. Block chain to deep into China this piece of soil, judge whether it has value, need not only the market test, and industry collaboration.