I always want to answer a question, which pushes me to find out more about blockchain technology. It is: “Will the blockchain become the new generation internet?” I want to compare it to the Internet to find the answer.
What are the essential inventions of all human history? I would say that these are paper and money. Because paper is the solution to record, express and transmit information, and the currency is the solution to record, express and transmit the value. Now everyone knows that the Internet is the most advanced solution to make the transmission of information effective and efficient. And what the blockchain does is trying to give a solution to transmit confidence in real time, and confidence is a form of value.
Internet: a revolution in the transmission of information
Over the past ten years, the Internet wave has been irresistible and has had an impact on the social structure and the economic system. Due to the Internet, our lifestyle has radically changed. The reason is that the Internet provides a solution for effective and stable transmission of information. For example, we may have to go to the station to buy train tickets, but now we only use our mobile phones to move our fingers. Previously, reimbursement upstream and downstream of the company must transfer articles, but now with the digital system and computerized accounting, the company can easily recover information from the resource management system and improve efficiency. From word of mouth, including text, through printing, to the Internet, each reform of the transmission of information has caused significant changes to human society. But as strong as the Internet, it cannot solve the problem of value transmission. The question of value -transmissions such as copyright and credit becomes difficult due to low -cost copy of internet information. Currently, a global and effective value transmission system is expected.
Blockchain: a revolution in the transmission of value
The birth of Bitcoin is in no way an accident. In addition to the integration of the previous digital currency system, the deeper reason is that itself and the blockchain that bears Bitcoin met people's needs for effective and stable transmission and exchange of value. For example, from the physical currency of the shell to the gold stallion of the US dollar, then from the currency of credit currency to current electronic payment like Alipay or Paypal, the transmission of human value has also crossed many years. But based on third -party credit notices and a global decentralized currency system, our value transfer system has not always been as effective, so blockchain was born, and it came to solve this problem and attracted everyone's attention.
From a development point of view, Bitcoin can be an inevitable accident, Satoshi Nakamoto cannot necessarily offer it, or it cannot be appointed. However, in terms of trends, so many people have worked for such a system, and some people merged it after seeing the system they proposed. The birth of such a system should be inevitable. Another critical factor is that the development of Moore's law and the Internet has provided us with a large amount of storage and information exchange capacities; Otherwise, Satoshi Nakamoto would not have thought that each node had all the transaction recordings. After all, it is not an elegant and concise solution, but undoubtedly a practical solution.
Optimal solutions vs effective solutions
In fact, in the history of human development, the development of science and technology may not be the optimal solution. Our modern civilization is based on electricity and information civilization is based on electricity and on the Internet. Regarding the Internet, it is effective and practical, but there can still be redundant protocols and gaps. This is by no means an optimal solution from God's point of view for the transmission of information, but it is the most effective solution for human beings. Likewise, the blockchain is built on the internet. Such a big distributed book in which everyone has all the information is redundant. After all, it is not a technology of simplicity. However, at the expense of this simplicity, we have obtained a high effectiveness of value transmission, so that no one can stop this advantage, but can only accept it as the dominant current.
Blockchain technology has the potential to change the business world, but if it can disrupt the entire commercial landscape because the internet depends on constant maturity and the development of technology. Technology and commercial applications are two cars on horseback. Although blockchain technology has developed to a certain extent and blockchain applications have also emerged endlessly. There is no doubt that we have a long way to go. Nowadays, most people are too impatient and want to apply this new technology to earn money quickly.
People always overestimate short-term value and underestimate the long-term value.
We believe in its potential, but we must also work hard to promote the development of technology. Without a solid technical basis, the business world that we build will be just one castle in the air.
Finally, answer the question posed by the title: will the blockchain become the new generation Internet? My answer is: it has this potential, but it still needs meticulous patience and culture. And I would like to push the development process and bring the solution earlier.
