Blockchain global vision Trends worthy of attention in the global blockchain industry in 2021

In 2020, the field of global public health has suffered an unprecedented test. As of April 2021, this test is still going on. Vaccine-immune strains have appeared in the United Kingdom, the European Union, and the United States, and Brazil has even mutated into a "big brother" mutant population. The impact on various fields, including the economy, is long-term and far-reaching.

Another impact of the global epidemic of the new crown virus is the global emphasis on the Internet field. Whether it is 5G or e-commerce, they have gained a chance to re-understand the world in a global environment that requires relative distance. At the same time, the non-mutual trust value exchange that cannot be solved in the Internet field has become a pain point commonly recognized by the global economy.

The "control" of Internet giants over users has formed an irreversible trend to a certain extent, and more and more Internet companies have extended their hands to the financial, economic and even monetary fields. Therefore, governments around the world are also rearranging in the field of cryptocurrencies and digital assets. This is an extremely rare development opportunity for the blockchain industry, and it is bound to trigger a new development climax for the digital asset field.

U.S. stocks and blockchain concept stocks generally closed down: U.S. stocks closed today, and U.S. stocks and blockchain concept stocks generally closed down. Kodak closed down 3.6%, Accenture closed up 1.54%, overstock.com closed down 1.58%, Riot Blockchain closed down 5.81%, Marathon Patent closed down 0.2%, and Square closed down 2.35%. [2020/11/25 22:01:36]

Global CBDC

CBDC (legal digital currency) is currently being researched and developed by central banks around the world. Among the currently known countries, China has been at the forefront of the world, and the legal digital currency RMB (DCEP) has been launched in Guangdong, Zhejiang, Jiangsu, and Beijing. , Shenzhen and other provinces, cities, and municipalities directly under the central government to conduct tests.

Voice | President of China Tourism Academy: Blockchain and other technologies are accelerating the penetration and transformation of the tourism industry: According to People's Daily today, Dai Bin, President of China Tourism Academy, said that artificial intelligence, Internet of Things and blockchain The new generation of digital technology, represented by tourism, is accelerating the penetration and transformation of the tourism industry, subtly changing the needs, behaviors and experiences of tourists. We cannot predict how many subversive technological innovations will cross-border to meet the travel needs of the digital age, and may trigger innovations and breakthroughs in the field of tourism. [2020/1/3]

According to news on April 10, Shenzhen will launch a digital renminbi pilot again, and the test population will be expanded by another 500,000 people. It mainly focuses on "using digital renminbi to enjoy consumption discounts", with a total discount of 10 million yuan. In the future, Luohu District, Shenzhen City will actively introduce and cultivate a number of digital renminbi R&D and application institutions, and strive for the establishment of a digital renminbi operation center; accelerate the application of digital renminbi scenarios, explore government affairs, medical care, education, transportation, consumption and other global pilots, and accelerate the realization of digital renminbi Full coverage of the payment system. It is reported that there are currently more than 30,000 merchants in Shenzhen that have completed the transformation of the digital RMB system.

Sound | Xunlei Chain Chief Engineer Lai Xin: Blockchain 3.0 needs to overcome 4 key points: According to the news from Insight.com, Xunlei Chain Chief Engineer Lai Xin said that there are four key points that need to be overcome in the blockchain 3.0 era: first, performance , how many requests can be processed per second; second, efficiency, how long does it take for a request to be confirmed; third, scalability, how to quickly upgrade when the enterprise business develops, and how to support its horizontal expansion technically; fourth, storage , How to store large blocks of data, the storage space of a single node on the block is limited, how to solve the problem of storage. [2018/12/3]

CBDCs in other countries such as Japan, Germany, Canada, and the United Kingdom are also under intense preparation.

The Singapore blockchain project will rebuild the e-commerce payment ecosystem: Rate3 Network, a new blockchain project of RateX in Singapore, hopes to create an e-commerce payment ecosystem in the 21st century, using a single, unified transaction token in the global e-commerce scope, and has obtained Strong support from financial institutions. RateX itself is a plug-in that has been implemented, and the existing Alipay payment method can also use RateX. This ecology will help users of large e-commerce companies such as Amazon and Taobao save $200,000. The tokens of the Stellar network will facilitate exchange rate conversion from a decentralized level. Previously, cross-border payments have been widely criticized due to lengthy processes and high fees. [2018/2/21]

It can be said that 2021 will be the most important year for establishing the future global economic structure. The emergence of global legal digital currency will seriously weaken the status of the US dollar as a global currency and form a global currency exchange system in the form of trading pairs between various economies. In layman's terms, the future global foreign exchange exchange looks like the digital asset trading table in the currency circle today.

In the process of global reform from physical currency to legal digital currency, it will inevitably lead to deep changes at the financial level, until the upgrading of global financial technology. To be more precise, it will be the most important time for global financial applications.

Blockchain Financial Solutions

As the global political landscape changes, so does the economic landscape. The changes in the economic structure are reflected in the economic exchanges and international trade at the international level, which shows the injustice of international organizations and international accreditation agencies. Emerging countries' inevitable requirements for the international financial order.

Under this requirement, the right to speak of global centralized organizations is weakened, so a distributed financial architecture that can adapt to various economies is needed. In the field of blockchain, the concept of distributed financial DIFI naturally becomes One of the main directions of this global financial landscape change in 2021.

The distributed financial system can use blockchain technology to solve the consensus problem among various economies, while ensuring that the interests of various economies are not violated. Therefore, currency tokenization based on the global distributed financial system will also become inevitable.

Continued boom in the field of digital assets

In 2021, there will be a large digital asset system architecture based on the CBDCs of various countries in the global distributed financial system. Under this large structure, private digital asset transactions will also gain a certain amount of room for development.

From mid-2020 to April 2021, the price of Bitcoin soared from a single currency price of less than 10,000 US dollars to around 60,000 US dollars, which also reflects the private demand for digital asset transactions from the side.

In addition, well-known companies such as Square and PayPal, JPMorgan Chase, Goldman Sachs, etc. have also adopted Bitcoin as a trading option, which has strengthened the confidence of retail traders. When large corporations invest in digital assets, enhancing the attractiveness of digital assets ultimately increases further investment globally.

Therefore, in the trend of the blockchain industry in 2021, the popularity of digital asset transactions will continue in the short term.

Conclusion

Generally speaking, 2021 is extremely beneficial to the blockchain industry. From a large perspective, there will be great room for development in many fields including the concept of DIFI, NFT, assets, and digital asset transactions. But from a personal point of view, a thorough understanding of digital assets and prudent investment is the key to determining whether you can survive in the general environment and realize your personal interests.

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