Jiang Guofei of Ant Group: On-chain will become the norm, and cross-chain technology will help the alliance chain grow into a larger local area network

Blockchain is defined as "new technology infrastructure", but in the eyes of industry leaders, its value is far more than technology.

On August 20, Jiang Guofei, vice president of Ant Group and president of the Intelligent Technology Business Group, was a guest on the dialogue program "Looking for Blockchain Power". He said that the blockchain is definitely not a pure IT technology. Its core competence lies in linking industries and "building roads" in the digital economy. The guest who talked with him was Xiao Feng, vice chairman and executive director of China Wanxiang Holdings Co., Ltd.

A month ago, Ant Group's blockchain brand was officially upgraded from "Ant Blockchain" to "Ant Chain". As the person in charge of AntChain, Jiang Guofei proposed that the blockchain (Blockchain) starts from the block (Block), but the core is the chain (Chain). This sentence magnifies the actual meaning of "chain", and further indicates the industrial value of blockchain technology.

Ant Group Jin Ge: The integration of blockchain and other technologies to solve business problems is an inevitable development trend: On July 24, the "2021 World Blockchain Conference Hangzhou" opened at the Academic Exchange Center of Hangzhou Future Science and Technology City. Ant Group Jin Ge said that with the emergence of large-scale industrial applications, the integration of multiple technologies is required to truly apply blockchain to scenarios and solve customer problems. Large-scale network underlying technology is needed to improve consensus efficiency, privacy computing and other technologies are needed to solve the shortcomings of blockchain in large-scale data joint modeling and data joint learning, and technologies similar to artificial intelligence and the Internet of Things are needed to solve physical problems. The problem of connecting the world with the digital world. Therefore, before the arrival of large-scale industrial applications, it is an inevitable development trend to integrate multiple technologies to solve business problems. [2021/7/24 1:13:18]

When the blockchain is linked with the industry, better circulation and exchange of digital assets on the platform can be realized. Jiang Guofei said that in the past, many digital collaborations were broken; in the future, when the "road" is repaired, the industry can prosper.

Report: Ant Group has 740 privacy technology patents and ranks first: On March 23, the third-party intellectual property organization IPRdaily and the incoPat Innovation Index Research Center jointly released the "2020 Global Emerging Privacy Technology Invention Patent Ranking" today. The list shows that as of March 19, 2021, there are four companies with more than 200 patents. Ant Group ranks first with a total of 740 global privacy technology patents, followed by Microsoft (305) and Alibaba (299). , China Ping An (282). [2021/3/23 19:09:29]

Simply put, since the blockchain is a tamper-proof distributed ledger system, it is naturally suitable for scenarios where multi-party collaboration, long business chains, and high trust costs are involved. In Jiang Guofei's view, platforms such as e-commerce have leveled the end-to-end transaction relationship, while the blockchain has leveled the multi-party collaborative relationship of production, supply, and sales, which will allow us to think about the world in a new dimension.

Jiang Guofei of Ant Group: Ant Blockchain is upgraded to AntChain, the core value is the chain: Jinse Finance reported that on July 23, the Ant Blockchain Upgrade Conference was held. Jiang Guofei, Vice President of Ant Group and President of Intelligent Technology Business Group, pointed out that all industries are embracing the wave of digitalization. Today, Ant Blockchain is upgraded to AntChain. We believe that the core value of Blockchain is not limited to IT technology. In the future, AntChain It will integrate various industrial networks and fully promote the development of AntChain. AntChain is not just a blockchain. It will build the world's largest value network and promote the development of the global inclusive economy. The core value of AntChain is the chain, and ecological development is our core strategy. At the same time, the Ant all-in-one machine was released on the spot to promote a significant increase in transactions such as smart contracts, focusing on technology to serve the real economy. [2020/7/23]

Xiao Feng also said that the blockchain can solve the transaction costs of multilateral platforms and reduce the trust cost in the transaction costs to commercially feasible. He judged that in the digital age, any traditional business model we are familiar with will be digitally redefined.

Zhuhai joined hands with Ant Group to explore blockchain real estate registration: On July 20, the Zhuhai Real Estate Registration Center and Ant Group signed a cooperation framework agreement, opening a precedent for exploring the innovative application of blockchain technology in the field of real estate registration. According to the cooperation agreement, the Zhuhai Real Estate Registration Center and Ant Group will cooperate to create a blockchain real estate registration scheme, including a pilot blockchain mortgage registration scheme. Based on the Ant Real Estate Chain technology, Zhuhai Real Estate Registration Center will realize the connection with business systems such as banks, and realize various blockchain + online registration services. (Financial Associated Press) [2020/7/21]

Taking AntChain as an example, its industrial application solutions such as copyright chaining, blockchain contracts, and blockchain electronic seals have been gradually implemented, and the crisis of trust exposed in the past in terms of infringement, contract disputes, and "radish badges" is being resolved. .

In Jiang Guofei's view, "Blockchain +" is foreseeable in the next 3 to 5 years, and on-chain will become a norm in many industries. He further pointed out that cross-chain will be the basis of Wanchain interconnection, and it will help the small alliance chain local area network to grow into a larger local area network.

It is understood that an international blockchain cross-chain standard (P3205) led by Ant Group was officially launched. The research and development of this technology and the formulation of standards are expected to end the isolation of the current alliance chain and promote the large-scale interconnection of blockchain networks. intercommunication.

At the beginning of the 21st century, the Internet was seen more as a simple tool to improve communication efficiency. Since then, platforms such as e-commerce and Alipay have grown up, and new business operation methods have been innovated. Jiang Guofei judged that, like the early Internet, the blockchain will surely grow new species that change the industry, and will slowly enter the lives of ordinary people.

[Xiao Feng's related views]

[Viewpoint 1] Xiao Feng: The integration and innovation of blockchain and other digital technologies can maximize their value

In the "Looking for Blockchain Power" dialogue program, Xiao Feng, vice chairman of China Wanxiang Holdings Co., Ltd., said that we can't just focus on the blockchain. The chain is only the foundation. The integrated innovation of a series of technologies can bring out the greatest value.

In addition, he pointed out that blockchain technology is naturally a new financial infrastructure and will definitely have a future; and in the process of digital migration of human society, blockchain will definitely have great potential.

[Viewpoint 2] Xiao Feng: Financial services such as encrypted digital currency lending are just an experiment, and will eventually return to legal compliance

In the dialogue program "Looking for Blockchain Power", Xiao Feng, vice chairman of China Wanxiang Holdings Co., Ltd., said that many things that have been done in the traditional financial market in the past have been redone through encrypted digital currency and blockchain. The most important thing is that these reworked content-ethexc has nothing to do with the traditional financial account system, which poses the challenge and threat of "decentralization".

However, he pointed out: "Financial services such as encrypted digital currency lending are still just an experiment, and will eventually go from both sides to the middle and return to legal compliance; but this compliance is not the same as the financial compliance we are familiar with. Considering technology And the characteristics of the market, the current compliance technology and laws will also change and upgrade, from the middle to both sides.”

[Viewpoint 3] Xiao Feng: In the next two years, new species and models based on blockchain or other digital technologies will definitely emerge

In the dialogue program "Looking for Blockchain Power", Xiao Feng, vice chairman of China Wanxiang Holdings Co., Ltd., believes that in the digital age, any traditional business model we are familiar with will be digitally redefined.

Xiao Feng pointed out that the blockchain can solve the transaction costs of multilateral platforms. Its core is that the blockchain can reduce the trust cost in the transaction cost to commercially feasible. In the next two years, new species and new models based on blockchain or other digital technologies will definitely emerge, that is, distributed commerce.

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