No fusion no blockchain! The zhongxiang chain network was officially launched

In recent years, the Internet, big data, cloud computing, artificial intelligence, blockchain and other technologies have accelerated innovation, and are becoming a key force in restructuring global factor resources and reshaping the global economic structure.

Blockchain is not a single technology, and the integration of big data, cloud computing, Internet of Things, artificial intelligence, 5G and so on will accelerate the release of dividends. "No fusion, no blockchain." Yan Ting, the representative of the initiator of the zhongxiang chain network, said.

"The application of blockchain technology and the development of the industry, opportunities and challenges coexist." Si Xueming, chief scientist of Zhongxiang Chain Network, pointed out that at this stage, the scale of the blockchain industry in the mainland has steadily increased, showing the continuous emergence of technological innovation achievements, the continuous strengthening of independent research and development, and the gradual improvement of basic platforms and standard specifications, while also facing some challenges.

He believes that, first, heterogeneous multi-chain cross-chain systems, on-chain and off-chain collaboration and other technologies still need to be developed; second, it is urgent to expand heavyweight application scenarios; third, the contradiction between supervision and system performance, security, and privacy needs to be broken.

Recently, the Zhongxiang Chain Network was officially launched. Under the background of the new normal of the economy, Yan Ting said that China's digital economy is booming, and the public sharing chain network has come into being. Zhongxiang Chain Network is a new era industry-level alliance chain system jointly initiated by 16 domestic leading enterprises, which has been running for half a year and has carried out many significant businesses.

"Living data is really value." Yan Ting said that simple data on the chain is not enough, the real significance is to build a consortium chain with multiple consensus nodes of "living data", which is also the mission and responsibility of the zhongxiang chain network. Zhongxiang Chain Network has accumulated a wealth of data and will continue to run, with the accumulation of data on the chain, the value will naturally emerge through time.

"It's not enough to simply chain data, what really makes sense is to build a consortium chain with multiple consensus nodes with 'live data.'" With the advent of the Web 3.0 era, Yan Ting judged that "co-construction" will become the keyword for the future development of the Internet world. The multi-share chain network provides a new network of "co-construction, co-governance and sharing" for super nodes.

"Zhongxiang Chain Network is a circle of friends based on the blockchain, and supernodes can use the consensus algorithm of the blockchain for common governance and maintenance." The first batch of supernodes of The Zhongxiang Chain Network represents Yixiang High-tech CEO Liu Wei vividly and vividly compares the Zhongxiang Chain Network to the circle of friends between enterprises, and the business sub-chain handshake sign developed by Yixiang Chain Network provides a simple and efficient way for this circle of friends to solidify the business agreement to the legal level, so that online signing is as simple and warm as a handshake.

Liu Wei introduced that the first contract signed after the handshake was signed after the release was the signing memorandum of the super node of the zhongxiang chain network. Because the multi-channel chain network has many enterprises participating, and has the characteristics of alliance autonomy and signing voluntarily, there are pain points such as difficulty in multi-subject stamping, slow coordination, and long time-consuming. After accessing the sub-chain of the handshake signing service, the signing time is increased from about one week to 5 minutes to complete; all supernode enterprises have increased from the original signing time of about 1 month to all signed within 1 day, and the overall contract signing efficiency has increased by 98%.

Blockchain is not a single technology, and the integration of big data, cloud computing, Internet of Things, artificial intelligence, 5G and so on will accelerate the release of dividends. "No fusion, no blockchain." Yan Ting said that the long-term goal of "gathering chains into networks" will integrate a variety of new generation information technologies, and will carry large-scale business applications in the future. (Li Mengzhu)

Source: Guangming Network