The conference called “The credible crisis of Blockchain”was held by DAS Capital, Microsoft Accelerator Co.,Ltd. and OKLink institute in Beijing on December 21,2016.The CEO Luo Bin of Microsoft Accelerator, the Co-founder Liu Chengqi of OKLink, the VP Xu Xueting of DAS Capital, the vice-president Duan Xinxing of OKCoin, the distributed technical VP Yang Wentao of Onchain participated in the conference, and the Co-founder Yu Xuemai of Baoquan also be invited to do the discussion. This Blockchain conference is divide into two topics, including the application topic and the technical topic.
Yu Xuemai introduced the core business of Baoquan, Baoquan.com is the first application product of Shuqin technology Co.,Ltd, and its opened cloud platform can be used for e-data attestation due to the immutable characteristic of Blockchain. As early on the development phase, Baoquan team has found the excellent property about the time dimension in the digital world, which means the irreversibility of Blockchain. The time producing frauds is too easy because there is no time concept in the virtual digital world. However, the consensus mechanism of Blockchain can guide the physical world resources to the digital world, making the objective time in the digital world comes true and ensuring the uniqueness of Blockchain and Bitcoin. The logical relationship exists in the real world, so Baoquan use blockchain technology to realize the hierarchical data storage and structure the data curing template on the evidence chain. As the investment operation, the process including the real name authentication, risk assessment, trust funds, e-agreement signing and benefits owning. Solidified by the template of Baoquan, we can realize the authentication of the whole investment behaviors. In addition to the question about blockchain succeed in which areas, Yu Xuemai introduced the importance of trust in Blockchain. See from the general direction, Blockchain will be first used or have been used in the financial field.
Baoquan built the transparent security network platform for the Internet financial of Zjmax, as well as realize the trusted certificate of the asset flow in Shanxi stock exchange and North stock exchange. In addition, the needs for the small local stock and private equity markets are relatively not high, and it is the chance to standard the trading process and perfect the supervision means. Therefore, the transparency and traceability of blockchain transfer the decentralization to distribution. Meanwhile, realizing the penetrating supervision.
For the limiting factor of blockchain marketing, Yu Xuemai indicated the application technology is the necessary but not the key to success. Blockchain can not be available in the all industries even in the financial industry. It need update the technology to adjust the requirements, for example, Corda abandon the consensus mechanism to improve the performance, give up the whole network broadcasting to protect the privacy. So the best technology is the way to solve problems.
For the differentiation of Blockchain products, Yu Xuemai forwarded that the data attestation template of Baoquan is the basis for data tracing, and accessing to the judicial authentication center and notarial office that can provide the judicial effect proposal. The technical credibility transformation to social judicial credibility is in our superiority with the differentiation product.
Finally, in the innovative imagination of the Blockchain, Yu Xuemai answered the question about the adaptation blockchain for the national security, the central digital currency will become the national standard. So the standard blockchain which can adapt the national security may become the mainstream in China.
Company Website: https://www.baoquan.com/en/
Contact E-mail: js@baoquan.com
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