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At the beginning of the new year, a blockbuster news in the blockchain circle spread across social networks: the HeroChain blockchain platform, initiated by the Cambodian government and jointly created by expert teams from China, the United States and other countries, was officially launched in Cambodia, marking the birth of the best decentralized application scenario with solid value in the blockchain industry.
One of the most profitable industries in the 21st century: blockchain
The 21st century is the era of information technology. The information technology industry has flourished, giving birth to one growth miracle and get-rich-quick myth after another: in the United States, giants such as Apple, Google, Facebook, and Amazon have expanded tenfold or even a hundredfold in just over a decade, bringing rich returns to shareholders; in China, high-tech companies such as BAT, JD.com, Huawei, and Xiaomi have risen one after another and become an important Chinese force in the global market.
Blockchain technology was born in such a vibrant and dynamic social context. Since the invention of the famous Bitcoin, blockchain technology has gone through nearly ten years. A series of digital currencies represented by Bitcoin have also created a rare myth of value appreciation in human history - Bitcoin, which was worth a pizza in 2009, now has a market value of more than 3 billion yuan.
However, the blockchain industry is still in its early stages of development, and the future market space is extremely broad. Most early blockchain products have a strong speculative tendency. Now practitioners have begun to pay attention to the combination of blockchain and real economic value, intending to apply the blockchain platform to real economic activities and make this technology a great leap forward. Based on this ambition, the HeroChain online gambling game entertainment platform was born.
Gambling games: the best entry point for blockchain to land in the real economy. Today, the global economy has a stable and complete monetary system. The competitive advantages of blockchain currency in the traditional real economy are difficult to play and are not easily accepted by the public. Previously, although some merchants and enterprises were involved in Bitcoin payments, most of them were just thunder and rain, and failed to successfully land digital currency in the real trading market.
Joe Ko, CEO of the Cambodian HeroChain team, was aware of this obstacle and had no intention of designing products for general economic activities from the beginning. After thinking and analyzing, the team realized that the economic activity that best fits blockchain technology is an ancient entertainment throughout human history - gambling games.
The reason why Joe Ko has such a sensitive nose is closely related to his many years of work experience: as a certified public accountant in Australia and Hong Kong, he has also held important positions in the finance department of a Hong Kong listed company. He is good at coordinating and customizing the comprehensive financial strategies of group companies and listed companies. He also has rich experience in managing relationships with important external groups (auditors, tax authorities and regulatory agencies) and is familiar with the operations of the capital markets in Hong Kong and the Mainland.
He believes that gambling games started almost with the birth of civilization and have a long history of thousands of years. Various countries and regions have developed a variety of gambling games, but the essence of various games is mostly the same.
Entering the Internet era, the gaming industry has also thrived, and the online industry has begun to flourish. By 2017, the market size of the global legal gaming industry has reached 550 billion US dollars, and it may reach a huge scale of 1 trillion US dollars in the next few years. Among them, the annual growth rate of online games is as high as 10%-20%, which is the core driving force of the growth of the entire industry.
Nowadays, gambling games are becoming more transnational and online, and are increasingly integrated with cutting-edge fields such as digital technology, big data, and artificial intelligence. Gambling game operators are also looking forward to the emergence of a means of order authentication, chip settlement, and profit payment that adapts to the needs of the new era and can meet the core needs of the transnational online gaming industry. Obviously, this requirement precisely matches the natural genes of blockchain technology. The integration of blockchain platforms and the gambling game market is an inevitable trend in technology and the market.
Joe Ko, CEO of the HeroChain team, who has extensive experience in the financial industry and profound technical background, keenly captured this opportunity and joined hands with Cambodia, an emerging hot country in the global gaming market, to jointly create HeroChain, a blockchain platform optimized for gaming. Compared with the previous two generations of digital assets, HeroChain has the characteristics of specialized service objects, direct connection to real economic activities, and sufficient economic value foundation. It is a landmark product of blockchain technology moving from technical speculation to real economic services.
Why Cambodia? Las Vegas was probably left ten blocks behind by Macau ten years ago. Macau's performance has declined by 34% since 2015, and it has been declining every year. Cambodia has become a rising star in the Southeast Asian gaming market in recent years. Macau has only six gaming licenses, while Cambodia now has more than 100. Cambodia's main sources of economic income are Angkor and gaming. Angkor's revenue last year was only US$1 billion, but gaming revenue was several hundred billion.
What is more worth mentioning is that the team led by Gao Zhun is the first in the world to obtain an operating license, and they have so many licenses that they even have licenses for side businesses related to gambling, including the licenses they own, such as banking licenses, stock exchange licenses, and virtual currency exchange licenses.
As for the practical application of Hero coin, Joe Ko has two plans:
First, this currency is mainly used to circulate in the entire gambling industry, which is the most important. Online gambling can replace chips, and offline gambling is a bit like a limited value. It can be used as a limited value to facilitate various exchanges and redemptions. This is a positive promotion to the gambling industry.
Second, because it is digitized, digitization may promote taxation, income, etc. and contribute to national development.
HeroChain: How to successfully promote emerging technologies and benefit the global market
Huang Hua, the chief trader of HeroChain in China, had extensive experience in trading in the secondary financial market before joining the team. In the past, Huang Hua successfully operated several financial projects and created huge wealth returns for himself and his shareholders.
Talking about the opportunity to operate HeroChain, Huang Hua said:
"Blockchain is one of the most important and valuable industries in the future market, but today's blockchain industry is still in a state of chaos and disorder. The significance of HeroChain is that it is the first blockchain product that has been bundled with rich cash flow from the beginning and is fully integrated with the real high-value economic industry." HeroChain has received strong support from the official Cambodian government and obtained multiple legal operating licenses. It is also the platform with the highest certification standards among many digital currencies.
HeroChain's core digital asset, HEC, is highly optimized for the gaming industry and can be used directly as digital chips in games. HEC not only has the inherent advantages of blockchain, such as high encryption, security authentication, easy order placement, easy payment, and easy cross-border transactions, but also adds big data and artificial intelligence technology layers to meet the needs of gaming companies, making it easier for companies to analyze and process big data from cross-border games.
Huang Hua believes that blockchain products have inherent characteristics of the financial secondary market, and his blockchain project can give full play to his successful experience and knowledge reserves in the financial secondary market. HeroChain is like a "blue chip stock" in the financial market. Its value is backed and enriched by real cash flow and real industry, so it will not be as prone to bubbles as other blockchain products. In the future, HEC's secondary market participants will mainly focus on investment rather than speculation, putting HeroChain's development on a virtuous track.
With a solid value foundation, Huang Hua believes that HeroChain will soon be favored by investors. In this process, his own trading ability will also play a key role in promoting the global expansion of HeroChain.
Time waits for no one: HeroChain seizes the opportunity and will become the leader of the new generation of blockchain products. The gaming industry has been eager for advanced technology to solve their practical needs for many years. The birth of Hero Chain at this time is just in time, which is like a long-awaited rain for the gaming market. Since Hero Chain has inherent thresholds such as government endorsement, legal certification and existing corporate support, it will be difficult for it to encounter real competitors for a long time in the future. It can be said that Hero Chain is the only digital chip solution in the gaming market.
By 2020, the global online gaming market will usher in an explosion, which is bound to drive the investment and application boom of Hero Chain. According to the development law of the digital currency market, HEC will have considerable room for appreciation in the next few years, and it is likely to create a new myth of getting rich quickly. At the same time, driven by HeroChain, the blockchain industry will also move from chaos to order, from speculation to investment, and begin to play its own important role in real economic activities.
If you want to know more about HeroChain, you can add the WeChat account of HeroChain:
Hero Chain Official Subscription Group Assistant
herochainqunzhushou
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