Evangelism No. 42 | Dialogue with SIR

"Evangelistic Jianghu" is an online live broadcast program created by Evangelistic Blockchain with depth, height and warmth. Together we will create, standardize and improve our own Jianghu.

The following is the interview transcript:

Host: Hello everyone, good evening, I am Chengzi, the host of the Gospel Jianghu. Today we have invited Mark, the representative of the SIR China community, and Hongyu, the chief marketing officer of SIR China, to be the guests in the Gospel Jianghu live broadcast room. Please welcome them with applause~

Hello Mark and Hongyu~!! I know that you had a press conference online two days ago with 160,000 people watching online, and you have certain insights on future trends and the entire industry layout. Not only me, but many friends here are very curious and want to hear some of your opinions. Of course, there are many questions I want to ask you later, but before that, can you introduce yourselves to all our online friends??

Mark: Hello everyone, I am Mark, the current representative of the SIR China community. I am very happy to be invited to the live broadcast room of the blockchain today. The blockchain is very famous in the entire industry. It is an honor to be here to discuss the future development of the entire industry.

Many people I have come into contact with entered this circle very early, some in 2011, some in 2013, and I entered relatively late. You all are my predecessors. I entered this circle in 2016 after I accidentally came into contact with mining machines. It was like opening Pandora's box. In fact, before that, I was an executive in a Fortune 500 company and often traveled to the United States, South Korea, Japan, and Vietnam. So I later realized that the prospects of blockchain are bright.

As I said a few days ago, did we know what computing power was used for ten years ago? Actually, we didn't know, but after a few years of tempering, we also understand that what is the biggest role of computing power besides playing games? Mining, and the advancement to recent storage is inseparable from the scope of computing power. The higher the computing power, the faster the speed, but it is all based on the improvement of technology, especially when Bitcoin came out, mining machines slowly appeared in the eyes of the public. Let me tell you about my experience in this industry. When I first came into contact with mining machines, I began to study blockchain. At that time, a Bitcoin mining machine cost 50,000 to 60,000 to 100,000 yuan. Because there were not many people digging at that time, it basically paid back in one year. Later, until the end of 2017, when Bitcoin plummeted, the electricity bill exceeded Bitcoin, so I sold all my mining machines. At that time, I could earn 2% a day by moving bricks, and began to study other possibilities of blockchain, so from 2018 to 2019 In fact, my primary job is to find new startup teams and new technologies. Over the years, a group of friends and partners in Malaysia and I have started to preach about how blockchain can be combined with the real industry, which is now called chain reform. I have forged a deep connection with blockchain. I have participated in chain reform projects of more than a dozen companies in the past. We have seen the evolution of technology, the leap in thinking, and the practical implementation. That is why I can devote myself to the blockchain industry now. Every time I see new technology, I find that it can be done this way. Now I get a lot of information every day. There are groups dedicated to discussing technology, groups dedicated to discussing currency prices, and groups dedicated to discussing making money. All kinds of discussions will make me think about how to make the industry better.

Therefore, we have also incubated a lot of real industries, and even let many companies use blockchain for transformation. The overall revenue has increased by more than 30%, but for many people in the currency circle, 30% is too little. Then we began to study the possibility of various blockchains. It was not until last year that the IPFS mainnet was opened. We still think that the mining industry is an indispensable production relationship, so being able to see the entity and having sustainable income is the hard truth.

Hongyu: Good evening, friends in the community. Welcome to the SIROO (Silk Road) Edge Computing Equipment Global Layout Conference to share this wealth feast led by technology. I am Chen Hongyu, Chief Marketing Officer of Silk Road China. I am very honored to meet you online. Thank you to all the communities and SIROO fans for listening to my sharing in the live broadcast room - "Technology Leads to Great Changes in Life". I believe that any great progress in human history is led by technology. Just like Nikola Tesla, the inventor of radio, said, "The most important progress of mankind depends on scientific and technological inventions, and the ultimate goal of invention and innovation is to complete the control of the material world, harness the power of nature, and make it meet human needs." And I believe that there will be countless wealth outlets and huge business opportunities in this process.

Host: Mr. Hongyu, in your opinion, what kind of technology in the 21st century will lead mankind into the next era of civilization? Has such technology already appeared around us? What huge business opportunities are hidden in it?

Hongyu: The host raised a very good question, which contains three levels of thinking. The first is about what is the next technology that will lead the development and progress of human civilization? The second is the relationship between technology and people. The third is the relationship between technology and the economy in the process of development. These are very layered questions, so I will discuss these three questions with you next.

First of all, when we talk about the development of society and the progress of civilization, it is ultimately about the transformation of productivity and production relations. Do you agree? In the past hundreds of years of history, every technological breakthrough has made outstanding contributions to the vigorous development and progress of people's productivity. The invention of the steam engine liberated people's hands, the invention of electricity brought light to people and extended people's theoretical working time, and the invention of the Internet has accelerated the process of social development, allowing information and commodities to circulate at zero cost, greatly shortening the distance between people. All these technological advances are aimed at improving productivity, but from the perspective of production relations, the above technologies have not brought about essential changes in the production relations until the emergence of blockchain technology. Some people say that it is the second half of the Internet, and some people say that the changes and value it brings will be 100 times that of the Internet, and the changes it brings are subversive. I personally agree with this statement. Because in my opinion, blockchain solves a more fundamental, deeper and higher-dimensional social problem, that is, trust. At present, our understanding of blockchain is still in a stage of continuous exploration, that is, the development of the entire blockchain technology is still in an early stage. The number of blockchain users is only about 4% of the number of Internet users, and blockchain is still in the stage of technological breakthrough and development. I have every reason to believe that blockchain will form an industry in the near future, and in this process it must be linked by several landing applications. And each landing application will form the outlet of an era. Just like the DeFi industry in 2021, it is a great breakthrough and attempt for the landing application of blockchain technology. 2021 can be said to be the first year of the landing of blockchain DEFI applications. The blockchain industry has entered a new stage from technological exploration to industrial application landing. Governments of various countries are also actively responding to the new trend of the times, relying on the underlying technology of blockchain, combining the current advanced technologies that promote social development such as cloud computing, big data, AI artificial intelligence and the 5G era to carry out multi-industry integration and innovative development. Whether it is the full promotion of the vision of the 5G era, the comprehensive layout of AI artificial intelligence, or the integration and landing of blockchain technology and industry, these beautiful wishes must rely on a very important foundation to achieve, and this foundation is computing power. In fact, the three very important foundations for the development of artificial intelligence are data, algorithms and computing power. It can be said objectively that computing power is the energy in the Internet field. In the past, the sources of computing power we knew were relatively limited and highly concentrated. Most of them were controlled by some institutions or even superpowers. For example, Japan's FUGAKU, the United States' SUMMIT, or China's Shenwei Taihu Light, which have exascale computing power, have continuously improved their computing power. The output capacity of computing power is even regarded as an important indicator of national strength after military and economic competition. Even so, the current supply of centralized integrated computing power can only meet the current social demand for computing power. If we want to achieve the full 5G era and complete the comprehensive promotion of smart medical care, smart transportation and even smart cities, the reserve and supply of computing power are still far from enough. Therefore, a new direction of thinking is proposed - edge computing power. The so-called edge computing power is based on the decentralized logic of the underlying technology of blockchain. The original centralized integrated computing power supply is changed to a supply method that combines distributed computing power supply with centralized computing power. The combination of edge and cloud makes each device smarter, not only can it be used, but also can contribute to the output of computing power. Based on this thinking, SIROO (Silk Road) took the lead in layout. Silk Road is the world's first new technology project that uses smart terminals to supplement computing power. Computing power can be generated simply through smart terminal devices, providing a steady stream of computing power support for industries including AI, cloud computing, and blockchain. Energy is very important in any era, otherwise the United States would not have to plunder oil worldwide by force. As for the Internet era and the advent of the blockchain era, energy is computing power. It can be said that whoever has computing power will win the world in the future. We will also usher in the arrival of a great computing power era. At this time, companies that can continuously output sustainable computing power are like Saudi Aramco or Erickson Mobil, and will definitely become unicorn companies that dominate the new era.

Host: Thank you Mr. Hongyu for your analysis. Could you please analyze what kind of company SIROO is? What are its core advantages?

Hongyu: Good host, in fact, I often say that enterprises are ships and industries are water. Only when the water rises can the ship rise. If an enterprise wants to have good market performance and achievements, it is destined to meet the needs of the times, follow the trend and take advantage of the trend. SIROO (Silk Road) was initiated by IBOX Technology Company. LTD-IBOX Technology Company. IBOX Group is an important participant in the international Belt and Road intelligent blockchain technology cooperation. It is headquartered in "Dubai" and currently has more than 6.5 million online home users worldwide. Customers are widely distributed, and we have user groups in Europe, North Africa, and some countries in the Middle East. It is built based on the integration of advanced technologies such as blockchain technology, Internet of Things, big data, and edge cloud computing. It is committed to helping users regain personal data sovereignty and security, and to gather idle edge computing power and contribute computing power support to the creation of artificial intelligence companies, 5G applications, big data, AR/VR, drones, healthcare, smart transportation, and smart cities. The SIROO (Silk Road) team has developed the world's first computing chip code-named SIR826A, and successfully embedded the SIR826A chip into the IBOX smart set-top box. At present, this smart set-top box is also the world's first set-top box embedded with the computing power chip "SIR826A" and capable of generating computing power output. Silk Road is committed to enabling every family in the world to use safer and more economical whole-house smart devices. Imagine the intelligent technology life of human-computer interaction. SIR is an efficient, stable and powerful intelligent edge computing power application public chain. It is the infrastructure of the new generation of big data, cloud computing and artificial intelligence. In recent years, with the popularization of smart devices, we have also discovered huge business opportunities. How to combine smart devices and computing power has become our main research topic. After careful research, we found that smart terminals can generate some computing power through technical means. Although it is not as strong as the computing power output capacity of professional computing power output equipment and mining machines, the widespread popularization of smart devices around the world is a feature that no mining machine or professional computing power output equipment has. We found that the comprehensive computing power generated by smart devices is even far more than N times that of mainstream blockchains such as Bitcoin and Ethereum. SIROO (Silk Road) is a bridge platform connecting the physical and digital worlds built on a distributed open system based on decentralized identity and edge smart chips, integrated networks, computing, storage, applications and other core capabilities. With the independent application-oriented public chain "SIR" used in various smart home appliances with the smart computing chip code-named "SIR826A", and the core role played by Silk Road in the computing supply chain, advertising revenue, and sales and circulation of smart devices, a new generation of DeFi ecological platform has been established, which supports cross-network, cross-time and space, and collaborative interaction of different smart device products, introduces risk control and security guarantee mechanisms, and combines the platform's own decentralized governance model to form a benign coexistence of users, service providers, institutions, and clients, and innovatively provides credit modules as a strong support for trading products on the platform. SIROO (Silk Road) is creating a smart node that can cover and connect to any smart node in the world instantly and quickly, and transmit in real time through smart terminals. We are committed to the research and development, production, sales and ecosystem construction of the world's first smart home device developed by edge computing power. At the same time, SIROO (Silk Road) is also the world's first emerging frontier technology ecological project that uses smart terminals to supplement computing power. The characteristics of this project are: "A large number of nodes, low energy consumption, large computing power sustainability, and the computing power generated by smart terminal devices alone can provide a steady stream of sustainable computing power support for industries such as AI artificial intelligence, cloud computing, and blockchain.

Host: What are IBOX's main businesses? What are its future development plans?

Hongyu: IBOX has a wide range of business and its revenue is multi-source and long-lasting.

1. IBOX can bring considerable profits to enterprises through direct sales of smart devices and their peripheral products.

2. Advertisements will be embedded in the set-top boxes in smart terminal devices. Through the big data collection system and intelligent judgment in the set-top boxes, IBOX will accurately deliver advertisements in exchange for a considerable source of advertising revenue.

3. Collect and store computing power through smart terminal devices, and supply computing power to corresponding companies in need. The sale and monetization of computing power can bring about 18 billion yuan in profits to companies each year.

4. Around July, SIROO (Silk Road) will be launched on the international e-commerce section, where we can then buy many high-quality smart home devices that can generate computing power. SIROO (Silk Road) makes every home appliance smarter than ever before, contributing to the era of big computing power. Just imagine what it’s like to have a whole-house smart home.

Not only that, SIROO (Silk Road) also collaborates online cross-border e-commerce and offline physical flagship stores, offline experience, online ordering, and this part is expected to create about 600 million in profits for the company in the future. So you will find that the profits obtained by the company are multi-dimensional and sustainable. And the company also intends to take out part of the profits to build SIR's initial market value. This is the win-win concept we advocate. Remember that Silk Road is not just providing computing power, but building a complete Internet ecosystem based on edge computing power.

Host: It is true that SIR (Silk Road) is carrying out a large-scale industrial layout. So do ordinary people have the opportunity to participate in it? How should they participate in it?

Hongyu: Good host, it is like this. SIROO (Silk Road) is indeed carrying out a large-scale, sustainable industrial layout, and the industry has the characteristics of high growth, rapid and sustainable development for a long time in the future. And the way to participate is also very simple. We will use the set-top box as the "medium" and the blockchain as the basis to build a smart home computing system. Users purchase and use the high-quality smart terminal devices provided by SIROO (Silk Road), and while enjoying the service, they can also supply permanent computing power to the computing pool. SIROO (Silk Road) will collect and store the perpetual computing power produced by these smart terminal devices. The system will automatically settle the incentive token SIR on the chain according to the computing power provided by the user, so as to encourage users to purchase more different types of terminal devices, expand the company's sales, and build an international emerging e-commerce data application platform. The total issuance of SIR is 100 million, which is issued in a fixed amount and accompanied by a monthly production reduction mechanism. With the growth of computing power equipment sales, the computing power generated will continue to increase, and the SIR incentive rewards distributed to each computing power device will become less and less. We all know that supply and demand are important factors in determining market prices. With the increasing application value of SIR tokens and the decreasing number of rewards, I believe that the market price of SIR will continue to rise, and it is very likely to be among the top ten mainstream currencies in the future. Whoever has SIR in his hands will be the biggest winner. SIR can be traded and cashed in the world-renowned digital currency exchange Probe. Probe Exchange holds a digital asset exchange license issued by the Central Bank of Lithuania. Headquartered in Hainan Science and Technology Innovation Park, China, it is allowed to carry out digital asset issuance and trading business in 18 countries including China. It is a rising star exchange among securities digital asset exchanges with a strong background and strong strength. SIR is not just a computing power output reward. According to SIROO (Silk Road) senior management, SIROO (Silk Road) also intends to go public at an appropriate time in the future. In the future, SIROO (Silk Road) will package, value and chain its tangible and intangible assets. And based on the STO mechanism to issue securities tokens, SIR will also be used as a bargaining chip for the original equity in the future, with the same rights as shares and coins. And all this starts with a smart terminal device set-top box and expands infinitely.

As a pioneer in the era of big computing power, SIROO (Silk Road) has taken a big step forward with its advantages in the layout of physical manufacturing for many years and the creation of core technology edge computing chips. I believe that in this era, those who are foresighted will always lead those who are late, and finally make money from those who are unaware. Do you understand this era? Well, thank you all for participating in this global layout conference of edge computing equipment, and return the scene to the host.

Host: Thank you Mr. Hongyu for sharing. We believe that SIROO, which is at the forefront of the times, will surely set sail in 2021. SIROO (Silk Road) will be popular in 2021.

Mr. Mark, I just heard your self-introduction. You have been working in this industry for many years. You must have seen and heard a lot, and you have also made certain contributions to this industry. Can you talk to our online friends about the areas you are currently planning?

Mark: We are following the trend to lay out our field. We evaluate the emerging digital industries such as artificial intelligence, blockchain, cloud computing, and network security starting from the 14th Five-Year Plan and the vision for 2035. In other words, we find industries that improve communication equipment, core electronic components, key software, etc. We will work with all industries to promote blockchain technology innovations such as smart contracts, consensus algorithms, encryption algorithms, and distributed systems. We will focus on the public chain to develop blockchain service platforms combined with financial technology, supply chain management, government services and other fields, and improve the entire market promotion.

So from the overall layout, 5G, cloud computing, edge computing, blockchain, smart contracts, digital assets, etc. are the future trends and plans. I now think that our country is a powerful country. As long as our country wants to promote an industry, all the surrounding countries will follow suit. Therefore, our current layout is not only a domestic layout, but also drives the entire international layout. Let me first talk about three trends that can be laid out:

The first one is Security Token Offering (STO)

At the end of last year, the Monetary Authority of Singapore was approved in principle to be granted a "Recognized Market Operator" (RMO) license and will officially launch the full-scale digital asset trading platform DBS Digital Exchange. Its businesses mainly include: security token issuance (STO), digital asset trading and digital asset custody services.

Among them, the STO that Singapore is going to launch publicly is the most difficult part for non-compliant trading platforms. STO is the abbreviation of security tokens, and the tokens it issues have the same effect as securities; security tokens are bound to real assets that are relative to the value they represent, such as stocks, bonds, real estate investment trusts or other assets. In the past, this part only supported the conversion of non-listed company stocks and funds supported by financial or real estate assets into tokens for trading. But now there are more and more tokens that can be recognized as digital, which means that some companies and institutions that do not meet the listing conditions can convert their assets into digital assets and log on to the STO exchange after meeting the application standards and regulatory requirements, and traditional companies in the past can also access new financing channels. Many people of this generation believe that STO is considered by some people to be a "disruptive sector."

STO is at the intersection of cryptocurrency and traditional financial assets. The tokens in STO can be used to replace assets such as stocks and bonds, and can be linked to real assets such as equity, debt, real estate, products, etc. For example, the issuance of stocks, bonds and digital bonds of private equity funds of non-listed companies can reduce the cost of global bond issuance and truly connect global funds. This is of great significance to the traditional financial industry. Compliance STO will open up a new path for the real industry to conduct global financing.

STO can enable holders to have certain ownership rights of a company and be legally supervised by the U.S. Securities and Exchange Commission (SEC). At the same time, it must also go through regulatory procedures such as KYC (customer investigation), AML (anti-money laundering), and qualified investor review. In essence, there is no STO without supervision. This also makes the market gradually realize that supervision is not a disaster, but a legal identity that allows it to grow and develop in an open and aboveboard manner.

The second is asset chain

In a sense, asset chain solves the problem of mapping physical assets (also known as atomic assets) in the physical world and assets generated in the digital world to assets on the blockchain. These assets include cars, houses, petrochemical products, stocks and financial securities, coupons, digital collectibles, access and subscription rights to certain resources, intellectual property rights, etc.

Obviously, this path is relatively long. There is a barrier between the real-world assets and the digital world, so a link is needed to connect the on-chain and off-chain.

We can understand synthetic assets as financial instruments that simulate the value of another asset, which can provide investors with more diversified capital allocation, opportunities to hedge risks, and tools to increase investment returns, thereby becoming a price exit for real-world assets.

Judging from the current track, many people are not clear about this part, but many people are already trying to work in this field. In short, asset chain is one of the future development directions. We should embrace such new technology, but we also need to think from the perspective of practical implementation, choose suitable assets to chain, and then continue to update and iterate.

The third one is: the integration of technology

If blockchain is only used as a single technology and combined with scenarios, there is still a gap. It needs to integrate more new technologies and blockchain, such as many AI technologies we hear today, including Internet of Things technologies. For example, Internet of Things monitoring in the transportation process is a very typical business application.

In the past, we have created many enterprises from WEB1.0 to web2.0, namely social networking, positioning, mobile apps, and cloud computing, which have generated very large economic benefits and created giant enterprises such as Alibaba and Tencent. We can see that technology is currently moving from small integration to large integration. The economic benefits generated by this large integration will far exceed the economic benefits brought by small integration.

Therefore, a large number of technologies will be integrated with blockchain and will be closer to business scenarios. Just like last year's IPFS is the integration of blockchain and storage, and NFT is the integration of blockchain and art. In the future, there will be more different industries combined with blockchain, which is definitely an important industry outlet. In the future, we will see the emergence of WEB3.0. Digital assets will be based on blockchain technology, and the commercial implementation of new technologies requires not only time precipitation and technical polishing, but also forward-looking thinking of practitioners for exploration. Blockchain thinking will become the basic way of thinking for the whole society.

Host: Wow~!! The areas you have planned are so broad. They all look very good and have great potential for development in the future. These are all general areas. Do you have any small-scale things you can share with our friends here, such as what you are doing now?

Mark: What we are doing will be explained in detail by Hongyu later, so let me briefly explain it now. We are currently assisting IBOX to carry out a transformation, using the SIROO system and chips to make a combination. Simply put, it is the first blockchain system based on edge computing power. This is a project that combines new technologies. The project features a large number of nodes, low energy consumption, and high continuous computing power. It can provide a steady stream of data output for AI (artificial intelligence), cloud computing, blockchain and other systems.

We all know that data privacy is important, but we cannot own our rights. This is an ongoing process. I think now is a very good time, especially in the Internet business logic, the most important asset is data.

Data is a new means of production, just like land in the agricultural economy and electricity in the industrial era. However, data is now in the hands of centralized institutions such as BAT and other large companies, who use our data to make profits.

However, it is not these Internet organizations that create these data, but each of us. In short, we should let the value of data return to each user.

You can rent your data to companies, such as renting health data to pharmaceutical companies. They can analyze the data based on a large range of data. Then you will receive a verification password. Only after my verification can the pharmaceutical company have the right to use your data and pay corresponding compensation.

This allows us to regain ownership of our data.

Especially in an era when large institutions monopolize data, blockchain will bring data prosperity back to individuals. Enterprises no longer own the data, but only the right to use it. Data wealth will be transferred from enterprises to individuals, benefiting everyone.

There is not much time today, so I will stop here.

Host: Okay, this live broadcast ends here. Thank you Mark and Hongyu for sharing. I believe that through Mark and Hongyu’s sharing, everyone has a preliminary understanding of SIR. Seize the opportunity and wish everyone a prosperous Year of the Ox! Thank you Golden Finance and Qun TV for supporting this live broadcast! At the same time, thank you to the following media friends for their strong support for this AMA! See you next time!