Industry-wide + AI has become a trend, and AI is becoming more intelligent with the enrichment of computing power and data. If AI promotes social progress by releasing the huge human labor force, then the blockchain is the solution to the most difficult trust problem in human history. Through the subtle combination of multiple technologies, the blockchain is pushing the commercial civilization to a new level. New heights. Although there are still many imperfections, any new technology will follow Gartner's technology growth curve and needs a stage from the beginning to maturity and then to practicality. MERGE believes that from the current situation of practitioners, participants, and capital, the maturity of the blockchain is much faster than the previous technology. After all, the completeness of the infrastructure 10 years ago cannot be the same as today.
Blockchain and business trustIn a business society where interests are prioritized, trust is priceless, but the establishment of trust requires a long time and effort. At present, a paper contract with mana-effect is the best way to solve the trust problem. The party who breaches the contract must be punished, and the contract makes the trust mandatory.
With the development of IT and the Internet, asset details can no longer be completely written on paper contracts, so a "contract" that is more adapted to the IT environment will inevitably appear. Obviously, it is a smart contract. Generally speaking, the smart contract is on a computer system, and the contract can be automatically executed when certain conditions are met. So where is its usage scenario? Why is it more suitable for the future.
MERGE gave us one of the simplest scenarios-data trading: Company A purchases 1TB of financial industry data at the largest domestic data exchange T, then the original paper contract can only be written, and Company A will pay 100,000 yuan to the exchange. T purchased 1TB of financial industry data. The data exchange T definitely does not want Company A to resell the data it bought for a second time, which will cause the data to depreciate, but there is no way to restrict it with traditional contracts. And through the smart contract exchange, the data transaction method, transaction time, validity period, and even the block chain + confirmation method can be used to prevent the data from being sold twice. Of course, this is not a scene of adultery. 36 Jingdong Vientiane reported by Krypton is doing similar things, and the method is blockchain.
Smart contracts are an inevitable product as society moves towards digitalization and intelligence. It uses technology to resist risks and uses technology to improve business efficiency, and ultimately promote the progress of society.
Blockchain and personal creditIf the credit between enterprises is maintained by contracts, then transactions between individuals are more derived from the long-established trust. MERGE gave such an example. Your best friend asked you to borrow a few thousand dollars. You may give her the money without asking, but a stranger told you that if you borrowed 10 dollars from me to pay you back tomorrow, you must be Rejected, because there is no trust between you.
So what if smart contracts are used? A stranger told you that you borrowed 1,000 yuan from me and will pay you back 1100 soon. At this time, you only need to sign a smart contract. At the end of the month, the principal and interest will be automatically credited to your account. On the previous page, he got emergency money, and you got interest. This is a win-win transaction brought about by smart contracts.
MERGE pointed out that the blockchain has touched the life gate of the business society-trust, lowering the cost of trust between people, and even reducing the cost of trust to zero. When the cost of trust decreases and social efficiency increases, the changes brought about are not limited to the financial industry.
MERGE believes that in the foreseeable future, both blockchain and artificial intelligence will definitely change our lives. At present, the operating token MGE of the MERGE exchange has been launched on chaoex.com and KEX.com.
Blockchain + artificial intelligenceBoth artificial intelligence and blockchain are called the next frontier. Is it possible to combine the two? How to combine?
As we all know, artificial intelligence involves multiple disciplines and multiple subdivisions, as does the blockchain. As mentioned above, the blockchain is a piece of executable code. Among the many algorithms of artificial intelligence, there must be one that can be perfectly integrated with smart contracts. To give a small example: the training model of the neural network can be trained by using the smart contract carrier to collect data from the terminal, and the training model can be stored on the distributed ledger to form a credible training record.
When smart contracts become commonplace, digital currencies that are more suitable for smart contracts will further enter people’s lives. Just like banks are to currencies, the significance of an excellent, smart, and secure digital exchange like MERGE to digital currencies It is also important, and it is an indispensable part of the future digital business.
summary:
IaaS services are gradually becoming traditional server clusters, and SaaS is revolutionizing the life of traditional ERP CRM. In just a few years, cloud computing has become popular at an amazing speed. As the infrastructure becomes more and more complete, the application of the iterative blockchain technology will certainly be faster than expected.
At the capital level, since June 2014, the 10 largest U.S. banks by assets have participated in 9 rounds of public financing totaling US$267 million, including 6 blockchain companies (including an alliance, R3). In addition to investment, the bank also cooperates with blockchain companies and other companies on blockchain trials and projects. Citigroup and Nasdaq (Nasdaq) cooperate to use the blockchain technology of its portfolio companies to solve the liquidity challenge in private securities transactions, and JP Morgan Chase (JP Morgan Chase) and SWIFT in the cross-border blockchain The payment concept (that is, Wells Fargo) cooperated. JP Morgan Chase is also working with blockchain developer AMIS to expand its internal blockchain Quorum.
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