Five major projects debuted in Hangzhou, targeting blockchain industry investment

On the afternoon of July 31, the roadshow event of "Investment Opportunities in the Blockchain Industry under the Wave of Financial Technology" was successfully launched at Hangzhou Wo Chuang Coffee. Representatives of innovative projects from the blockchain industry demonstrated the latest blockchain entrepreneurial applications and had a heated discussion with investors on the implementation of blockchain projects. The event was hosted by Babbitt, co-organized by Rongdu Technology, and guided by the Zhejiang Investment and Financing Association. Babbitt founder Chang Qia, Secretary-General of the Internet Finance Branch of the Zhejiang Investment and Financing Association Shao Jianliang, and BTC Media Asia Pacific COO John Riggins attended the event to share the theme. A total of several blockchain entrepreneurial projects including Weiyou-Metaverse, Blockchain, HyperChain, ViaBTC Mining Pool, Complex Beauty Blockchain, etc., conducted wonderful roadshows, including many high-quality projects that debuted in public for the first time.

Chu Xiahu, founder of Weiyou-Metaverse, first shared the development trends and dynamics of blockchain and made a brief analysis of two issues that have been discussed in the industry for a long time. One is the public-private chain structure. He believes that the public chain has a market share of more than 90%, while the permissioned chain is mostly in development and non-public. It is said that there are many participants and capital investment, but there are no star products. There is no data on private chains for the time being.

Second, on the difference between "Bitcoin" and "blockchain", he believes that the two are equally divided in the industry: before blockchain there was Bitcoin, and the Bitcoin ecosystem includes mining, trading, media, etc., collectively referred to as the currency circle, with an influence of 50% in the industry; many banks and institutions are trying to tap into blockchain technology for their own use, and draw a clear line between it and token models such as Bitcoin, with an influence of 50% in the industry.

Regarding the current state of the industry, he believes that the development of projects in the blockchain industry is uneven. Some companies and teams claiming to be working on blockchain are actually not engaged in related research and development. There are 30% of such companies. Some project teams that have done a good job in technology and business model planning are currently or will encounter structural problems and market problems. There are 50% of such teams.

Chu Xia Hu then proposed a blockchain development route concept, believing that with the transition from the information Internet to the value Internet, more and more smart asset transfers will occur online, and Avatar (digital identity) and intermediary Oracle will become the mainstream economic model in the future.

Following this line of thought, the Weiyou-Metaverse project was born. Weiyou's vision is to eliminate the imbalance between supply and demand caused by value islands by building a value internet, thereby reducing friction and releasing economic vitality. The goal is to create a public blockchain that integrates smart assets, digital identities and Oracle (value intermediary services).

Similar to Ethereum's consensus mechanism, Metaverse uses two different consensus mechanisms at different stages. In the early stage, POW, or proof of work, is used. Mining machines are used to ensure that there are enough full nodes in the early stage to maintain the security of the network.
However, POW has the problem of increasing security costs and mining centralization. Therefore, DPOS, or the Proof of Stake mechanism, was adopted in the later stage. After there are enough full nodes, in order to reduce the cost of maintaining network security and solve the problem of mining centralization trend once and for all, it was transformed into the currently relatively advanced DPOS.

The blockchain exchange developed by Hangzhou Fuzhumei Technology also made its debut in public. Fuzhumei was founded in 2008 and has high-concurrency and low-latency bidding and matching system technology. It began to develop blockchain technology at the end of 2013 and was the first to apply for more than 10 blockchain invention patents.

Founder Wu Sijin listed many advantages of blockchain exchanges: user identities cannot be forged or stolen through private key signatures; distributed deployment of multiple synchronization nodes and timestamps, which hackers and internal technicians cannot change; blockchain settlement, real-time settlement of transaction funds, no need to suspend trading for settlement; risk control, user payment credit information statistics, different varieties, different markets, different users classification monitoring, prevention, early warning, and punishment can all be controlled by programs; commodity transaction flows can be tracked to increase transparency, which is conducive to improving credibility and facilitating supervision.

Blockchain exchanges are widely used. Wu Sijin demonstrated a demo of a blockchain-based commodity exchange on site. According to him, the current matching and issuance volume of blockchain exchanges has reached 200 transactions per second, and it is expected to reach tens of thousands of transactions per second after further improvement. It can be actually applied to P2P exchanges, bill exchanges, commodity exchanges, and equity exchanges, and has subversive advantages in security, clearing, and cross-market and cross-regional transactions.

Li Qilei from Zhejiang University Blockchain Laboratory introduced Hyperchain, a blockchain infrastructure platform for enterprises/alliances. The Hyperchain team has been engaged in blockchain research and development since the first half of 2015. It has a research project background in the School of Computer Science of Zhejiang University. Team members have been engaged in the research and development of financial information systems and distributed data processing systems for a long time, and have received funding support from many financial institutions at home and abroad.

Currently, enterprise-level blockchain solutions are not uncommon. What are the characteristics of Hyperchain? In short, Hyperchain integrates existing resources based on the open source community and provides blockchain cloud service (BaaS) platform solutions with smart contracts as the core. The characteristics are improvements in the reliability and performance of blockchain systems to meet the needs of enterprises for manageability and confidentiality.

Blockchain is a blockchain R&D company under the Bitcoin Exchange, dedicated to providing the best blockchain products and services to users around the world. Its businesses include: blockchain project investment and incubation, blockchain solutions and technical services, blockchain technology university, etc. ASCH, a decentralized application platform based on sidechain, has been incubated. Compared with Ethereum, ASCH platform can store application data in sidechain and load it on demand; a problem in one application will not affect the whole system; and it uses the universal language Javascript.

In addition to blockchain startups, a newly established mining pool also participated in the roadshow. ViaBTC is a company founded by former Tencent employees. The ViaBTC mining pool was launched on June 5, 2016 and has been running stably for nearly two months. Its maximum computing power is up to 100P, and it currently ranks 8th among global mining pools.

ViaBTC's corporate philosophy is: Via Bitcoin Making the World a Better Place. Founder Yang Haipo has extensive experience in backend development. The high-speed Bitcoin block network built by ViaBTC can not only reduce the orphan block rate and speed up block broadcasting, but also help improve the utilization rate of the entire Bitcoin network.

This roadshow project involves high-quality entrepreneurial projects in different fields and directions, such as enterprise-level blockchain solutions, public blockchain protocols, Bitcoin mining pools, blockchain exchanges, and Bitcoin side chains. It provides participants with channels to understand Bitcoin and blockchain from multiple angles and levels, and builds a platform for direct participation in blockchain industry investment. It can be foreseen that as the public's acceptance of blockchain deepens, more high-quality blockchain entrepreneurial projects will emerge.

The roadshow project PPT will be based on the speaker's wishes, and the public part can be viewed and downloaded in the Coin Library.
Haven't seen enough of the project roadshow? On August 17, the "2016 China Blockchain Industry Investment High-end Forum" is waiting for you