People who know about blockchain should know that blockchain technology has gone through several iterations from the the proposal in 2008 to the present. from the beginning of blockchain to the development of blockchain, from the 1.0 era to the 3.0 era, however, no matter how the technology develops, the blockchain cannot leave it’s implementation of application. It is just like a sharp sword that has been polished. If it does not appear on the battlefield, it can only be a piece of scrap iron that is useless. At most, it can only be placed in the home as a decoration. so blockchain technology needs to be applied to achieve its value. The more widely applied, the greater the value of the blockchain.
The way of blockchain1.0 to blockchain 3.0
Blockchain 1.0 is cryptocurrency application represented by Bitcoin. In early 2009, the Bitcoin network was officially launched. As a kind of virtual currency system, the total amount of Bitcoin is limited by the network consensus protocol, no individual or institution can arbitrarily modify the supply quantity and transaction records. The underlying technology that supports Bitcoin's operation - actually blockchain is an extremely ingenious distributed shared ledger and peer-to-peer value transmission technology. Its potential impact on finance and even in all kinds of industries is no less than the double-entry bookkeeping invention. The application scenarios of this period include payment, circulation and other currency functions.
Blockchain 2.0 cryptocurrency is combning with the smart contract thus is a application of more extensive financial scenarios and improved progressment. Around 2014, industry community began to recognize the importance of Blockchain technology, and attempt to create a common technology platform to provide developers with BaaS (Blockchain as a service), which greatly improve the transaction speed, reduce resource consumption and support multiple consensus algorithms such as PoW, PoS and DPoS. The blockchain 2.0 can used for registering, confirm and transform kinds of property and contract, such as financial transaction, public record and personal record and so on. It makes more decentralize the entire market.
Blockchain 3.0, it further overwhelmed the economic field and can be used to realize the increasingly automated distribution of physical resource and human assets worldwide, and promote large-scale cooperation in science, health, education and other fields. Around 2015, as the blockchain 3.0 technologies launched such as byteball and IOTA based on DAG data structure, The blockchain system is more efficient, extensible, highly interoperable, and has a better user experience than before. Its application is further extended to broader applications such as healthcare, IP rights, education, Internet of Things, sharing economy, communications, social management, charity, culture and entertainment.
Blockchain 4.0 application wonder
a multi-industry application with a currency from 1.0 to 3.0, the value of blockchain technology has evolved from vertical to horizontal, so its application is also full of possibilities in the future. People are expected to build value-transfer networks based on blockchains, further promote the liberation of social productivity, thus more industries will be changed.
How blockchain realize its application in 4.0 era.
As a technology leader reprented by InterValue, support kinds of application include anonymous network communication, power sharing, storage space sharing, bandwidth sharing, reputation sharing (credit guarantee). and it provides open interfaces for third-party App development. By connecting with various application scenarios, InterValue an cooperate with kinds of service providers and application providers to support ommercial organizations or government agencies to build public, consortium or ermissioned chain application systems according to business characteristics and quirements. tives. we design lots of industrial common interfaces in form of JSON-RPC, satisfying different scenarios such as circulation payment, data transmission, data search and contract invocation.
The main scenes of InterValue are as follows: (1) Digital currency; (2) Extensive
financial application; (3) Non-financial applications. applications.
Digital currencies
The main application scenes of digital currencies are as follows: Third party
asset issuance; Crowdfunding.
Extensive financial application
The main application scenes of digital currencies are as follows: 1 Cross-
border payment, Supply chain finance, Digital bill; 2 Asset Securitization, Bank
reference, Insurance.
InterValue can realize direct transactions and all information processing between multiple points, improve efficiency, save transaction costs, and create credit, which helps to the development of non-financial applications. Non-financial applications that can be realized mainly include medical care, internet of things, IP copyright and culture, entertainment, and public service and education.
Current application examples mainly include applications of virtual assets, conditional payment applications, private transaction applications, off-exchange trading applications, social transaction applications, and sharing economy. Meanwhile, the two typical InterValue chain applications that have entered the substantive planning and development are: distributed social networking applications and global storage grid applications based on InterValue.
InterValue blockchain application ecosystem
The application of blockchain technology is inevitable, and we believe that in the future our lives will become safer, more convenient and better because of the blockchain. So, please follow the pace of InterValue.
Definitely we will implement the blockchain application, and we believe that one day our life will become more safe, convenienr and colorful because of the blockchain. So, let’s look forward to the progress of InterValue.
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