Don’t think that the development momentum of the alliance chain is strong, just praise the alliance chain and belittle the public chain. ” Said Huang Butian, founder of Yunxiang blockchain.

After the blockchain rose to China’s national level and many star public chains fell to the throne, the endless disputes about the supporters of public chains and alliance chains and the competition of “going their separate ways” seem to determine the winner of the first stage – Alliance chain.

Under the policy tuyere, the argument that “alliance chain is the future of blockchain” has gradually become a “mainstream” voice. Previously, alliance chain companies that worked hard have attracted the attention of the government, enterprises, management and media, and their business cooperation and popularity have greatly increased. Many teams originally engaged in public chain R & D have begun to turn to the R & D and service of alliance chain technology, Afraid to miss the train to the future.

Huang Butian, who has been deeply engaged in the field of alliance chain for six years, has doubts about the public chain team transforming into alliance chain. At the same time, he also doesn’t think much of the change in the attitude of emphasizing alliance chain over public chain. However, in the trend of transforming the public chain into the alliance chain, some people have made different voices.

“The public chain is not without a future, and the alliance chain is not plain sailing.”

Why is the alliance chain the future of blockchain

“Is alliance chain a false proposition?”

“In fact, alliance chain is not a new concept.” Yang Hui (a pseudonym), former head of an alliance chain team, told deepchain deep chain, “the concept of alliance chain appeared as early as 2015. The next two years can be said to be the spring of alliance chain development.”

During that time, alliance chain teams such as Yunxiang blockchain, fun chain technology and Bubi blockchain were established.

In addition, in January 2016, China blockchain Research Alliance (CbrA) was established; In April, China Ledger was established; In May, Ping An of China joined the blockchain top alliance R3; In June, Weizhong bank, JD finance and Huawei jointly established the financial blockchain cooperation alliance (Gold Alliance).

The alliance chain takes root.

In 2019, the Internet Information Office released the first batch of domestic blockchain information service filing numbers, including 197 blockchain information service projects from 18 provinces and cities across the country. Among them, the number of alliance chains is as high as 116, accounting for 59%, nearly 60%. There are only 25 public chain projects, accounting for 13%. The alliance chain has a strong momentum.

But interestingly, almost at the same time of the large-scale development of the alliance chain, doubts about the alliance chain are also rampant in the field of blockchain.

Different from the traditional concept of public chain, in the alliance chain, each participant can only view and trade, but to verify the transaction, it must be approved by the alliance node. In short, the information on the alliance chain is read-only to everyone. Only nodes have the right to verify or publish transactions. These nodes form an alliance. Therefore, although the alliance chain reduces the node verification time, it is closer to the traditional management essence of “centralization”, which is considered to deviate from the core idea of “decentralization” of blockchain.

“In the alliance chain, the phrase code is the law no longer works, but is managed by people.” Yang Hui believes that the emergence of the alliance chain deviates from the spirit of blockchain and Nakamoto Cong.

In fact, in the view of some early blockchain preachers, alliance chain is a castrated version of blockchain.

In addition, some people think that the alliance chain is a big scam in the blockchain. It is considered that the alliance chain code is not open source and the nodes are not open, so it is difficult for others to believe that it is a blockchain.

Even in the early years, Ethereum founder V God said that incentive and certification are the spirit of blockchain. It is difficult to imagine what a “coin free blockchain” looks like.

“In fact, this is a misunderstanding.” Li Kai (a pseudonym) of Xunlei chain said that the alliance chain and public chain have their own user groups, and can learn from and promote each other in technology and business model, which can not replace each other.

“Strictly speaking, alliance chain and public chain are at the same level, which are just two directions of blockchain development.”

Huang Butian also believes that public chain and alliance chain are not false propositions. The true judgment of blockchain depends on whether the application scenario adopts decentralized business governance mode.

“The purpose of public chain is to solve the credit problem in a wider range, while the emergence of alliance chain is to solve the problem of cooperation efficiency between a single field or small groups.” Huang Butian explained to deepchain deep chain, “both solve different problems.”

“Therefore, in terms of ideas, they are also different.” Li Kai said that the alliance chain needs to consider more customers’ use scenarios and technologies that can be applied for specific scenarios. Therefore, in terms of R & D, the alliance chain can have higher configurability and scalability, while a general scheme needs to be found on the public chain.

Nevertheless, in Yang Hui’s view, the phenomenon of public chain team transforming alliance chain is more out of “helplessness”.

“Choose public chain or alliance chain?”

“Now the market is so bad that the public chain project doesn’t dare to issue money openly.” Yang Hui said that the public chain team she worked for before chose to transform the alliance chain and publicize it to the outside world. She is just a technology provider.

In Yang Hui’s opinion, issuing coins is the biggest charm of blockchain technology. “Can projects without issuing coins still be called blockchain?”, so Yang Hui chose to leave.

At present, Yang Hui’s team is not an example of public chain transformation alliance chain.

On December 21, 2019, the public chain project Iost announced that it would develop together in the two fields of public chain and alliance chain; In addition, the public chain project conflux also established the alliance chain department in early 2019; The public chain projects thinkey and Bos, which used to be the main blockchain operating system, also chose alliance chain technology.

2020 is just the beginning. In the future, more and more public chain teams will choose the alliance chain.

“But don’t be too optimistic.”

Huang Butian believes that although the alliance chain is the upsurge of today’s development, it does not mean that the team transformed into the alliance chain field can succeed.

First of all, most public chain teams have received a lot of funds in the early stage. In this way, these teams are easy to become blindly optimistic without long-term planning for the future.

“The consequences are now obvious.”

In addition, Huang Butian also believes that the entrepreneurial team of blockchain, especially the public chain team, often has a problem, that is, technology only.

“In other words, it’s too idealistic. We can’t block chain for the sake of blockchain.”

As everyone knows, the public chain or the alliance chain will eventually be used by the people.

In the real scene, the standard to measure the quality of a team is whether the team has the ability of creation, R & D, solution, product design and on-site implementation at the same time.

In addition, Huang Butian said that for these transformation teams, even if they all have the above five abilities, their financing ability also restricts their development to a certain extent.

“To put it bluntly, how much money do you have?” Huang butianshi told deepchain deep chain, “just like Internet companies, who can afford to burn money, who can live to the end.”

“Therefore, I am worried and not optimistic about the transformation of many public chain teams into alliance chains.” Huang Butian said that it is better to focus on a specific business for development.

Perhaps, in a sense, the public chain is just the other shore flower that geeks constantly pursue. It is infinitely beautiful, but it is difficult to realize, while the alliance chain is the realistic flower of value landing.

However, in Yang Hui’s view, the flower of the alliance chain can bloom only because of the current “policy atmosphere”, but its real benefits may not be satisfactory.

Earlier, LV Xujun, CEO of Weblog technology, which focuses on alliance chain technology, said in an interview that from 2016 to 2018, Weblog technology had only four to five customers, and in these cooperation, Weblog technology existed as a “technology provider”. In addition, LV Xujun also said that most of the alliance chain landing is for concept verification, which can not be effectively landing.

V God also said that the ceiling of the alliance chain has been revealed.

Even earlier, Huang Butian expressed helplessness about the development of the alliance chain: “in the early days, it was difficult for you to obtain a direct and clear demand. Many institutions just wanted to understand the blockchain, not with the demand.”

From a more practical point of view, although the alliance is popular, it is somewhat embarrassing in terms of realization.

In 2017, fun chain technology completed round B financing of US $1.5 billion, but its revenue in that year was only 5 million yuan and its loss reached 15 million yuan.

A well-known alliance chain service provider told deepchain deep chain that in fact, many companies engaged in alliance chain services in the market had been in a state of loss in the early years and were burning financing. Although the current situation has improved, there are still problems in profitability.

“There is no reason to doubt the future of the alliance chain”

“But now, I think the development of alliance chain is the general trend.” Huang Butian told deepchain deep chain, “the practical flowers of blockchain have already flourished.”

In February 2018, rookie and tmall global jointly announced that blockchain technology had been enabled to track, upload and verify the logistics full link information of cross-border imported goods; In August of the same year, Tencent and Shenzhen State Administration of Taxation jointly issued the country’s first “blockchain electronic invoice”; In 2019, Xunlei and Guangzhou Municipal Government jointly launched a local financial blockchain credit investigation sharing platform, which can link the credit investigation data summary of various institutions.

In October 2019, Chen Chun, academician of the Chinese Academy of engineering, also said in his speech that the provident fund data sharing platform of the Ministry of housing and urban rural development has connected provident fund centers in 491 cities across the country, with more than 50 million data links. The application of blockchain has been extended from a single digital currency application to various fields of economy and society, and the effect is remarkable.

“These are just the tip of the iceberg of the alliance chain.” Li Kai said that in terms of industrial application in the alliance, blockchain technology has been extended to all fields of social economy, including finance, law, medical treatment, energy, entertainment, public welfare and other undertakings.

In addition, Li Kai and Huang Butian also believe that the alliance chain blooming in various fields will bear the most fruitful fruits in the financial field.

Huang Butian said that at present, there are more than 6000 domestic financial institutions and similar financial institutions, and more than 1300 large and small banks. The alliance chain can play a very broad space.

As early as 2018, ant financial and Philippine wallet gcash cooperated to launch blockchain cross-border remittance, and Standard Chartered Bank provided settlement services.

The cross-border payment time of ant financial service connected to alliance chain technology is shortened from 10 minutes to a few days to 3 seconds.

Ma Yun said that this project was one of the projects he was most concerned about, and said that for this reason, he had asked Jing Xiandong, chairman of ant financial, at least 10 times about the progress of the project.

In addition, in recent years, many banks have announced their blockchain plans, and almost all of their plans focus on settlement, payment, bills, supply chain and other fields.

Li Kai said that the financial field is a typical scene of multi-agent participation and asymmetric information. There is a serious problem of information island, and trust is the key to solving the problem.

“It happens that blockchain is born to solve the problem of trust.” Li Kai believes that alliance chain has great potential in this field.

At the same time, Huang Butian believes that the development level of China’s blockchain will certainly be better than that of foreign countries in the future.

Because the western social governance structure is relatively perfect, the desire to explore a new model of social governance will not be very strong, just as China’s mobile payment is developed and foreign countries still use credit cards.

“We are more advanced than the West in payment because the defects of our payment system promote us to explore a new payment system.”

“Therefore, we have no reason to doubt the future development prospect of the alliance chain,” Huang Butian said finally.

Responsible editor; zl

Leave a Reply

Your email address will not be published. Required fields are marked *