The real value of the blockchain is not bitcoin, Ethereum or EOS, but a generalized economic model
Regarding the blockchain, I have been learning; reading a lot of relevant information, participating in some blockchain practices, experiencing blockchain products, and thinking about the application prospects of blockchains in the process of learning and practice. The real value lies.
After more than a year of observation, study, and participation, the perception of the blockchain is constantly changing; today, thinking about the true value of the blockchain, my new judgment is: whether represented by bitcoin Cryptographic currency, or a smart contract platform represented by Ethereum, or EOS released this year with a new consensus mechanism, or many other blockchain applications such as traceability, authenticity verification, content and copyright, financial services, sports Entertainment, etc., are part of the body of the "elephant" in the "blind elephant", not the whole picture of "elephant"; the value of the real blockchain is a generalized economic model based on blockchain technology.
Now, everyone is focusing on all the "elephant" of blockchain technology, and they think that it is the real blockchain "elephant."
The blockchain includes technologies such as distributed storage, encryption technology, peer-to-peer communication, smart contracts, and consensus algorithms; the industry's understanding of blockchain is based on the direct application of these technologies. For example, the cryptocurrency represented by bitcoin is ideal to become a global currency and payment means; this is only the realization of distributed storage, encryption technology, peer-to-peer communication technology in blockchain technology. Ethereum solved the construction of the token distribution system, using smart contracts, encryption technology, distributed storage, consensus algorithms, etc.; but the current ideals are not big enough to cover all aspects of human production. EOS implements an innovation of governance system in encryption technology, peer-to-peer communication, consensus algorithm, and distributed storage. It is an ideal state attempt, and the representative organization and role determine system governance. Super-book, R3, RIPPLE and other alliance chains are not completely decentralized, but also use encryption technology, consensus algorithms and smart contracts, but also solve the problem of trust, but more is a distributed database technology.
Blockchain is not only a computer science that includes distributed storage, encryption technology, peer-to-peer communication, smart contracts, consensus algorithms, etc. It is also a kind of inefficiency and unfair distribution of existing organizational systems through computer science and mathematics. An economic thinking and economic development model at the level of production relations, such as insufficient incentives.
The economic significance of the blockchain, at present, is based on the pass-through TOKEN as a medium, which can realize the reform of the production relationship level, thus achieving the following innovation effects.
First, a safer Internet economy
The cryptography and distributed storage mechanism of blockchain technology can realize the value exchange in the Internet-based economic mode, and realize the uniqueness, non-tampering and irreversible effect of value exchange.
Second, more effective economic incentives
Now the company relies on working hours, professional managers, wage system, various organizational models to achieve economic behavior incentives. It is undeniable that this model has developed to today, there is a poor incentive effect, can not really play to the best use of people The effect of the card; if the realization of a certificate of incentives, the economic behavior of employees and participants, the certificate can be the equity, voting rights, management rights, rights of distribution rights, which will inevitably generate stronger incentives Role, employees and participants in economic activities are masters, and subjective initiative is greatly enhanced. This is an increase in the economic efficiency of the company level; promotion to other economies: other organizations, cities, countries, will also bring about innovation in the organizational economic model.
Third, a more equitable social distribution model
Through years of economic development, through the primitive accumulation of capital, the existing social stratum has already taken shape. Some people have mastered the means of production and capital, forming a "rich people and rich people, and the poor are poor and poor", which is not conducive to the balanced development of society and suppresses social and economic development. To bring about certain social contradictions; if the general economic model is popular, a "poor person" with a long skill can also issue a pass, or a new pass-through economy model, instead of adopting capital that has been acquired by a vested interest group, The use of means of production for distribution, but the use of the pass-through model, can effectively promote the fairness of social distribution, and thus promote the overall social and economic development.
The current issue of tokens, speculative speculation, forced decentralization, and distributed technology to transform the industry are all short-sighted and unsustainable economic behaviors. In fact, it is also a leg or tail that “blind people” touch the “elephant”. Not really discovering and exploiting the true value of the blockchain.
Now, the real value of the blockchain is to transform the existing industry, industry organization, distribution and incentive mechanism through a medium that has blockchain technology genes, which is based on blockchain. The basic economic ideas and models of technology. The real value of the blockchain is to create such a universal economic model and accept and practice it for the society; to provide an opportunity for real fair, just and open governance models; to change the existing industry monopoly, The problems of vested interests are reluctant to reform, productivity is slow, and production relations are difficult to advance in the long run; the acquis- tional economy is a new mode of reform at the level of production relations, thus achieving a major breakthrough in the human economy and organizational model.
So, understand the true value of the blockchain, how to adopt the pass-through model in the way of blockchain commercialization?
Here are a few thoughts:
If you really want to use blockchain technology to transform industry and industry production relations, you need to design a pass;
2, the heart of the card must not be fried coins to harvest leeks; the certificate should be well designed, should fully consider the industry, industry market volume, industry market evolution, economic circulation model, application scenarios and other comprehensive factors, design Number of passes, initial price and subsequent circulation and application scenarios;The general certificate is only a medium and a circulation of the blockchain transformation production relationship; the core of the generalization of the economy is how to achieve fair distribution, organizational incentives and innovation of production relations;
The value of the certificate is the landing of the application scenario; this is the basis of the certificate value;
The financial and capital attributes of the certificate are in circulation; the liquidity lies in the operation and maintenance of the community and the community;
6, the existing blockchain technology "impossible triangle, TPS shortage problem", these will be solved with the development of technology; we should jump out of technical thinking, from the perspective of economic and governance models to consider the application prospects and Project feasibility.