Interview with Deng Di, 2017 China's Double Creator of the Year

The 2017 China Entrepreneurship and Innovation Expo was recently held in Ulanqab. During the period, Deng Di, the winner of the "2017 China Double Creation Annual Person" and the chairman of Taiyi Cloud Technology, accepted an exclusive interview with reporters.

Reporter: As the 2017 China Double Creation Person of the Year, how do you think about entrepreneurship and innovation in the blockchain field?

Dundee: Blockchain is essentially a way of building trust, establishing contracts between machines and machines. We have now formed a new cluster to build an off-chain highway outside the blockchain to achieve high-frequency concurrency. As the head of the Chinese blockchain delegation at this year's Davos World Forum, I elaborated on the development prospects of blockchain in China and the value of Taiyiyun superconducting blockchain. Later, at the China Blockchain Industry Conference co-hosted by the Global Shared Finance 100 Forum and Contemporary Financier Magazine, I once again expressed the following view: In the future, blockchain may not only become the infrastructure for financial transactions, but also the core engine of big data, because blockchain and big data have a lot of integration points in each other's needs. When different machine subjects are traded, when information is exchanged, witnessing and transaction review are carried out through other nodes or computers in the whole network to ensure that transactions occur between two nodes that do not trust each other, which is a great place for blockchain. Therefore, as a new type of scientific and technological tool that may change production relations, blockchain will have many opportunities for innovation and entrepreneurship combined with the real economy and specific industries.

Taiyi Cloud Technology Chairman Deng Di

Reporter: Where do you think the innovation of Taiyi superconducting network is?

Dundee: Taiyi began its independent research and development in 2014, and has now built a multi-asset lossless superconducting network and applied for more than ten patents for superconducting networks. Taiyi Superconducting Network is a new type of network built on the Taiyi blockchain that supports lossless transfer of multiple types of digital assets.

Taiyi superconducting network is an off-chain transaction network with the characteristics of decentralization, peer-to-peer, high concurrency, multi-asset, zero loss and other characteristics under the control of smart contracts, and off-chain transactions and in-chain transactions can be switched at will. The principle is to arbitrarily switch the detailed ledger that relies on the local node consensus algorithm and the general ledger ledger that relies on the global node consensus algorithm on the basis of the smart contract, and at the same time record the transaction results on the blockchain to ensure the immutable and verifiable nature of information storage or asset liquidation. Smart contracts can also be used to establish an asset transfer network between multiple nodes to meet the precise, fast, efficient and credible circulation needs of assets, and to support high-frequency, zero-loss and rapid transactions of energy and other assets. Taiyi superconducting network can perfectly combine data flow with payment flow based on digital currency and control flow based on executable scripts, ensuring the traceability and verifiability of all data.

In the current popular blockchain system, all transactions need to be written to blocks and broadcast to nodes across the network. Due to the limitations of block size and block generation speed, the transaction speed of the whole network has been greatly limited. Taiyi superconducting network establishes a superconducting channel between multiple transaction nodes, and conducts customizable fields and securely verifiable fast transactions outside the chain based on smart contracts.

Reporter: Where is the innovation point of the combination of superconducting networks and big data?

Dundee: There are four main innovation points: First, big data rights confirmation. Confirmation of rights refers to the determination of the ownership of data, the ownership of data can be unilateral or multi-party, and the user of the data needs the authorization of the owner of the data to use the data. Because of the particularity of the technology, it is difficult to confirm the right of big data, and the superconducting network better solves the problem of unclear data property rights in the transaction process, and protects the interests of data owners and users while realizing high-frequency data transactions.

The second is the circulation of big data. With its trustworthiness, security and immutability, blockchain liberates more secure and sensitive data. Because of its high concurrency, superconducting networks allow these security and sensitive data to circulate effectively, thereby promoting massive data growth.

The third is big data transactions. Data is a special asset, and general assets have essential differences, in the completion of data rights, circulation security under the premise of the premise, due to the data volume, data structure diversity and complexity, it is not possible to standardize the pricing. The superconducting network standardizes the trading units of data before data transactions, which allows data assets to be better valued and traded.

The fourth is big data traceability. For valuable data assets, they can be registered using blockchain technology to transact through a superconducting network. Transaction records are recognized, transparent and traceable by the whole network, which clarifies the source, ownership, use rights and circulation path of big data assets, and has great value for data asset transactions.

Reporter: What was the original intention of establishing Taiyi Cloud in the first place?

Dundee: Let the blockchain serve thousands of households and ordinary people; let the blockchain serve all walks of life and government management; let the blockchain serve the digital economy and credit economy.

Reporter: How does Taiyi Cloud view the future development of superconducting networks and blockchains?

Dundee: After breaking through the performance bottleneck of the blockchain, the superconducting network will be more widely used in various fields of the national economy, including big data, artificial intelligence, Internet of Things, and the Internet of Vehicles. In the future, blockchain-based superconducting networks will have the potential to become the next generation of the Internet and a new information infrastructure. In the future, the circulation of big data will be carried out on this network.