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Text/Meng Yonghui

The blockchain is approaching us with a new attitude. This is my new judgment recently. Different from the evasive and shattered glass way in the past, the blockchain now appears more and more confident. In the final analysis, it is because the blockchain has found its own value and significance that the blockchain will be as orderly and confident as it is now.

So, what is the value and significance of blockchain? I believe that the greatest value and significance of blockchain lies in its application, and it is a real application. Those practices that simply bind the blockchain with coin or ICO deeply without exploring more practical applications about the blockchain will only bring the blockchain into a more dangerous situation.

Different from the early technology of blindly overdrawing the blockchain, the current landing and application pay more attention to the synergy between technology and application, and seek more possibilities for the development of blockchain through the coordinated development of technology and application. Whether focusing on applications or focusing on technology, it is actually telling us that blockchain is returning to an objective and rational development track. If we take the development of blockchain as an image metaphor, the current market state is more like a vibrant early spring season.

After the disaster, the blockchain was reborn.

It is not an exaggeration to describe the blockchain with disaster, but perhaps it is precisely because the blockchain has experienced so many difficulties and challenges that it can show its vigorous vitality. At present, the blockchain is gradually on the right track. It is telling us with practical actions that the blockchain is not a fleeting concept, but a new species that can really bring subversive changes to people's production and life. Only by looking at it objectively and rationally can we maximize the function and role of blockchain.

At the beginning, people's understanding of blockchain was simple, easy to understand, and eager for quick success. Everyone just regards the blockchain as an Internet-like existence. This is the key reason why many players are shouting for the blockchain. Although this method can make people know the blockchain quickly, it is only from the perspective of marketing and concept, and does not go deep into the essence of blockchain. The so-called blockchain is just a concept and gimmick.

What is certain is that this fast way can't really promote the benign development of blockchain, and even bring the development of blockchain into a dead end. Later development also proved this point for us. However, on the other hand, is the development of blockchain not more mature without such a tortuous process? Is this stage an inevitable stage for the blockchain?

In fact, if we look at the blockchain from the current situation, we will find that it is very necessary and timely to experience such a development stage at an early stage. It is through such a development stage that we can have a deeper and more comprehensive understanding of the blockchain and let the blockchain truly return to its essence. Now, isn't such a rational and objective blockchain market state the most real and concrete embodiment we have seen?

Conversely, we also need to see the other side of the blockchain through this phenomenon. In other words, blockchain is not a concept derived from the Internet, but it does have its own connotation and significance. It is precisely because of its unique connotation and significance that we can get rid of the mire and really start to move towards the road.

When many people look at the connotation and significance of blockchain, they always compare it with the Internet, and think that the development logic contrary to the Internet is the key to the rebirth of blockchain. Therefore, many people regard the blockchain as the grave digger of the Internet, and even look at it from the opposite angle. Although this view has some truth, it is too simple and arbitrary to look at the connotation and significance of blockchain only with such a superficial and simple logic.

The author believes that the biggest connotation and significance of blockchain is not that it is contrary to or contrary to the mode of the Internet, but that it is different from the data transmission mode, transmission capacity and underlying logic of the Internet. This is the key reason why the blockchain has experienced many disasters and can still be reborn.

Why do you say that? The reason is that the evolution from IT era to DT era is still a trend, and how to reconstruct and recreate data is the key to truly open new development for people. From the business model, we really want to subvert the Internet-style business model, but from the bottom logic, we want to change the data transmission model that has been formed in the Internet era, improve the data transmission capacity in the Internet era, and reconstruct the established business logic formed in the Internet era.

One of the important reasons why the blockchain will fall down and climb up again and again is that it can bring a completely different experience from the Internet, whether it is data transmission mode, transmission capacity or business logic, not just its business model. Therefore, this is the key reason why the blockchain can really be reborn and can really fall and get up.

The spring is chilly and the blockchain is moving forward.

For the blockchain, the coldest season is still in the past, but this does not mean that the spring of the blockchain has arrived. The reason why the development of blockchain can improve now is only because players no longer regard blockchain as a way and means to send money or ICO. There is still a long way to go from real maturity to real blockchain spring.

If one word is used to describe the current blockchain market, it is "chilly spring". Why use "chilly spring"? Because although people's understanding of blockchain has begun to be objective and rational, and the general direction of blockchain regression and application has been determined, it is an indisputable fact that blockchain technology is immature and primary.

When the blockchain begins to take landing and application as the main direction of development, but we can't deliver a steady stream of energy for the blockchain, the so-called development may be just a flash in the pan and unsustainable. Therefore, for the current blockchain industry, we still have to carry forward the burden and realize its development and perfection through the accumulation and breakthrough of technology.

For the blockchain industry, finding a breakthrough in blockchain technology and finding innovative strategies for the landing and application of blockchain will take longer than relying solely on the improvement of blockchain market to continue the old road. If we must find the development direction of the blockchain in the next stage, taking technology as a breakthrough and constantly seeking ways to break the game may be the key.

Obviously, if the development of blockchain only stays on traditional technology and can't really find a breakthrough from innovative technology, then the distance of blockchain is maturing, truly replacing the Internet and becoming the "infrastructure" of the DT era. Maybe there is still a long way to go.

Fortunately, we still see some new weather in the blockchain industry. For example, the emergence of NFT; For example, the number of open source communities is increasing; For example, the continuous improvement of algorithms ... These new weather tell us that the development of blockchain industry is moving in the right direction.

However, these are not enough. If the blockchain really wants to replace the Internet as the "infrastructure" in the DT era, if it really wants to build a brand-new business world, it needs more technical capabilities and more innovation capabilities. When we really find the correct development posture of the blockchain and can really promote the development of the blockchain in a new way, the so-called blockchain can achieve real nirvana rebirth.

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Blockchains have come out of the trough again and again, and they have been reborn again and again, which proves to us their vigorous vitality. Similarly, the blockchain has been reshaped again and again, which shows us a reality that the era that truly belongs to it has not really arrived. However, we also need to see the strong vitality of the blockchain itself from such a trend.

The winter that really tests the blockchain has gradually drifted away, but the spring that really belongs to the blockchain has not really arrived. What we need is to look at the blockchain from a more objective and rational perspective. What we need is to find the landing and application of blockchain with deeper and more comprehensive thinking.

When we really broke through the development of blockchain from the underlying technology, when we really found the real business model of blockchain landing and application, the development of blockchain really ushered in the spring of a hundred flowers. When this moment comes, the blockchain we know may no longer be such a one-sided and isolated existence, but become a multi-dimensional and comprehensive existence.

At this time, the era that truly belongs to the blockchain has really arrived. Blockchain can truly become a substitute for the Internet.

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Author: Meng Yonghui, senior writer, columnist, special commentator, industry research expert and strategic consultant. Long-term focus on industry research, published more than 4 million words of financial and scientific articles. Support the author's source sharing, please keep the author's copyright information when reprinting, and offenders will be prosecuted.