First Day on World Blockchain Conference

World Blockchain Conference just started today on Wuzhen.

This morning, Kavita Gupta from Consensys Capital、 Samson Mow, CSO of Blockstream, Chen Weixing from Funcapital, Li Guoquan, professor of Singapore University of Social Sciences, Bai Shuo from ChinaLedger, Jin Xuejun, Chairman of Zhejiang Blockchain Association have given excellent speeches on this conference.

Topics:
Application landing is an important trend and key point in the development of blockchain technology. As a new technology, it must be consistent with the law of all technologies development and business practices. Advanced technologies also need to have comparative advantages in efficiency and cost on the application scenarios. The landing of the application should be sustainable and in line with the market rules, so that the application of innovation can be achieved, and large-scale universal landings can be achieved.

Four Aspects of value in Blockchain Applications
For a period of time in the future, as blockchain technology continues to mature, its application will bring several values. The first is to promote the development of a new generation of information technology industry; the second is to provide technical support for economic and social transformation and upgrading; third is to cultivate new entrepreneurial and innovation opportunities; fourth is to provide technical support for the improvement of social management and governance.

Alert to the Return of Centralization
Talking about the ecosystem issues of the token community and the chain community, how to shape the service ecosystem of the digital asset market? Bai Shuo said that in the recent evolution of technology, the underlying technology, EOS, is very influential. Regardless of its topology, and its recent security problems, it is returning to the centralization. The disadvantages of the centralization seem to be returning too, including the concentration of risk, and the excessive concentration of power. Blockchain governance is a problem. Bai Shuo said that he personally focuses on technology and does not discuss governance issues deeply. In several consensus mechanisms, if you want to use DPOS, there is no way to solve the problem, and the centralization will definitely be called back. How can we improve efficiency and optimize performance, while avoiding the centralization being asked to come back? he personally prefers randomne to be added in blockchain.

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