As the most promising chance in 2018, the blockchain is considered to be another significant force of high-tech revolution after the Internet. Since its inception in 2009, the blockchain technology has experienced its 1.0 era represented by Bitcoin and the 2.0 era represented by the Ethereum smart contract. After the crypto-digital currency bubble burst in 2018, the blockchain gradually entered the application era of 3.0. Exploring the blockchain-based applications is endless, depicting the "blockchain +" grand blueprint in the fields of finance, e-commerce, smart healthcare, social security, internet of things, and energy.
Blockchain is highly innovative, especially greater in thinking and application layer than technological creation. The adaptation of novel technologies and new ideas requires a process of accumulation in cognition and practice. This is very similar to the beginning of the Internet. Many famous entrepreneurs did not recognise the value of the Internet 20 years ago. There is still a considerable distance between the current blockchain and the mature, and there must be a lot of pits and hurdles in the application exploration. There is no unified cognition and experience of blockchain application and on-chain operation, because the blockchain technology is still in the practical stage. Enterprises are also in imperative demands for cognitive training and professional support services in the application of blockchain, striving to become the leader of the 3.0 application era and enjoy the dividend of creative technology alternations.
The White Paper focuses on helping companies correctly recognize and understand the innovation of blockchain and make the right choices. Therefore, it is not only a good opportunity to grasp new opportunities, but also can effectively allocate limited human and financial resources. This White Paper will concentrate on summarising the basic features of the blockchain from technology to application perspective, clarifying the potential comprehensive benefits brought by the blockchain to the enterprise at the present stage, and analysing how to find out appropriate on-chain strategies and probable development paths. It aims to give reasonable suggestions to these enterprises to make an appropriate decision on transforming path due to their own conditions, and finally achieve in low risk and high profit.
The enterprise on-blockchain process must very carefully take the first step and solve the transformation from 0 to 1. Ensuring that the accurate mapping from the physical realm to the on-chain digital world is the most difficult and critical part, similar to the infinite multiplication of mathematics from 0 to 1. Actually, this is the original intention why we release the white paper and appeal for establishing unified cognition. Whether we can handle the first on-chain step of the enterprise and make the them gain the income is an important factor to promote the further development of the on-chain enterprise. Conditional enterprises should participate on-chain transformation as soon as possible and try their best to be familiar with the on-chain operation mechanism in early stage, in order to contributing greater influence on the consensus curve, so as to obtain excess returns in the subsequent asset.
The white paper further elaborates on the multidimensional complexity of blockchains. Enterprise mapping on chain is also a process of cognitive reflection. To this purpose, the establishment of cross-industry and inter-organisations credit blockchain alliances aims to become a platform for the dissemination and transmission of credit consensus, and also a resource sharing and service platform for credit consensus. It is hoped that the experience of sharing the on-chain mapping process within the members will give them a closer look to the blockchain credit consensus and assist more enterprises to succeed in the on-chain transformation.
China has the world's largest Internet application market, and blockchain technology is expected to generate huge application space. The on-chain transformation for enterprises is a bridge to help them move from the traditional economy to the distributed sharing economy. When Chinese economy shifts from high-speed growth to high-quality development and innovation drives the new economic growth point, blockchain technology will contribute to the entire economic system from technological innovation, organizational adjustment, and efficiency revolution.
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