The first year of the blockchain: Consensus Alliance enters the blockchain industry
Blockchain technology is derived from Bitcoin, as people know more about blockchain technology, the blockchain industry is also undergoing great changes. Whether at the level of capital or innovation, blockchain has always been a hot word in 2016. The technical characteristics of distributed general ledger, encryption algorithm and programmability based on blockchain are regarded as the cornerstone of future digital society.
Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off the fourth industrial revolution in human history together with big data, mobile Internet and cloud computing. Therefore, 2016 is called the first year of blockchain, because the value of blockchain technology is truly recognized by the world in this year.
Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off the fourth industrial revolution in human history together with big data, mobile Internet and cloud computing. Therefore, 2016 is called the first year of blockchain, because the value of blockchain technology is truly recognized by the world in this year.
As soon as the news was released, Bitcoin rose. Within 24 hours, the price of bitcoin rose from 2539 yuan to 2810 yuan, an increase of nearly 10%. Ethereum, a little-known blockchain variety, has a total market value of only US dollars 70 million. In just two months, the market value of Ethereum rose to US dollars 1.15 billion, an increase of 1,600%. At this time, the value of blockchain is truly recognized by the world. Governments of various countries began to study and issue their own digital currency, more than 50 world-class banks formed an alliance to research and develop blockchain inter-bank services, and thousands of startup companies in blockchain industry mushroomed.
The value of low-cost credit creation, distributed structure, openness and transparency of blockchain technology has gradually attracted the attention of the whole society, and new applications have continued to appear in various industries such as the Internet of Things, medical care, supply chain management, and social welfare. The potential role of blockchain is not only reflected in currency, economy and market, but also extended to political, humanitarian, social and scientific fields, the technical capabilities of blockchain have enabled special groups to deal with real problems.
With the continuous development of blockchain, blockchain technology may widely and profoundly change people’s lifestyle, reconstruct the whole society and recast the credit value. Perhaps in the future, when the blockchain technology develops to a certain degree, everyone in the whole society can be connected to this global decentralized network as a node, and the whole society will enter the blockchain era, and then allocate social resources through the blockchain technology. Perhaps the blockchain will become an ideal framework to promote social and economic development.
Keeping pace with the times, the Consensus Alliance, led by Mr. Earland anthony and jointly created by Singapore Blockchain Technology Laboratory, was formally established in the United States in 2016. The goal of Consensus Alliance is to use the technological innovation of blockchain as a distributed credit model to provide a broad development prospect for global market finance, social management, talent evaluation and decentralized organization construction, etc. in this era when credit has become a resource shortage.
Blockchain technology has a brand-new concept and logical structure, and it is still in the process of development and change every day. Therefore, with the change of value that blockchain can provide for trust, it will also enter different stages. Perhaps one day in the future, the blockchain may enter the stage of renewal.
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