Ant chain: a blockchain of breaking down industries

It has been quietly deployed on another key track – blockchain technology. According to the public data, from 2017 to 2019, the number of patents applied for by Alibaba’s ant chain ranks first in the world for three consecutive years, and the total number of patents granted (212) is also the first in the world. According to the white paper on the development of China’s digital economy (2020) released by China Academy of communications and communications, the scale of China’s digital economy added value will reach 35.8 trillion yuan in 2019, accounting for 36.2% of GDP. With the continuous expansion of the scale of the digital economy and the formation of the data industry chain, the trust mechanism behind the data value has become increasingly important. In this regard, Jing Xiandong, chairman of ant, said to the public that “the chain will become the standard configuration for every enterprise in the digital economy era.” In his view, it is not too much to say that blockchain is the most important technology in the digital era. Without a trust engine, it is difficult for the digital economy to really develop. Or, seeing the future prospects, Ma Yun has even raised the importance of ant chain to Alibaba 11 years ago, believing that ant chain will determine Ali’s status in the world 10 years later.

to achieve this goal, in the internal organizational structure of ants, not only by independent business group (intelligent technology business group) to get room for development, but also with Alipay (Digital Finance), insurance, international business group juxtaposed, become an important chess piece in the overall strategic chessboard of Ali. < p > < p > in fact, throughout Ma Yun’s entrepreneurial history, consistent, is to solve social problems as the premise of entrepreneurship. Moreover, the deeper the problem is, the greater the industrial power it shakes. Therefore, under the background of massive data (21.470, 0.30, 1.42%) accumulated by a large number of enterprise clouds, how to occupy and use these data, establish trust model based on these data, or subvert the carrier of these data, and rebuild decentralized trust mechanism, determine the future space and bottleneck of enterprises. < / P > < p > ants with huge amounts of data have subverted themselves and planned to subvert the whole industry, rewriting the direction of this channel by creating a production level trust connection infrastructure. This is the important background for us to pay attention to ant chain, and hope to find innovators’ business thinking and explore the subdivision opportunities in the future business pattern. < p > < p > on the road of industrial blockchain, ant chairman Jing Xiandong explains the relationship between cloud and chain: cloud is productivity, chain is production relationship, cloud + chain, which has laid the foundation for the development of digital economy. However, no matter how important “cloud + Chain” is to the digital economy, those who get the scene will win the world, just like bitcoin and Libra. Both of them have established “banner” in the field of digital currency relying on blockchain technology. So, for ant chain, if you want to enter the field of industrial blockchain, you must find the application scenarios that can be relied on. Only in this way can we realize the penetration and transformation of the industry. < / P > < p > the first scenario should be blockchain electronic seal. In fact, although the radish seal problem has a long history, Tencent Laoganma’s “radish chapter” problem with its “huge influence” makes people deeply realize the lack of trust mechanism in the era of digital economy, the harm to enterprises and the loss in reality. Not only that, “Qing Yu Nian” and many listed companies staged the drama of “seizing the official seal” also make the custody and security of the official seal questioned. < / P > < p > but in real life, although many enterprises have their own electronic seals, the original electronic seals are not equivalent to the real physical seals. The same enterprise or organization often has multiple electronic seals from multiple issuing agencies. However, the standards of issuing agencies are different, and the electronic seals are not connected and cannot be recognized each other, because enterprises can not systematically track the use of seals Cheng, cause trouble to enterprise management. It is in this context that ant chain helped Hangzhou local government departments to launch the country’s first blockchain electronic seal application platform, and began to build a new era of enterprise credit system with the help of blockchain technology. < / P > < p > according to the public information, “based on the global leading blockchain technology of ant chain, Hangzhou blockchain electronic seal application platform realizes the integration of physical seal and electronic seal, with the same model and same track for the first time. A single enterprise has only one electronic seal, and the signature is on the chain at the same time.” < / P > < p > compared with the traditional physical seal, the electronic seal based on blockchain can not only verify the identity of each seal used, set the seal approval, record the process of seal use, but also get through the judicial department through the blockchain cross chain technology to realize the rapid verification of evidence, which solves the security problems of enterprise seal management, loss, snatch and forgery. < / P > < p > of course, another application scenario closely related to seals is the contract, which is the so-called “signing scenario”. During the epidemic period, many commercial contracts need to be signed in a contactless environment, and the importance of signing contracts in different places is increasingly prominent. However, the “blockchain contract” and “chain contract” models introduced by ant blockchain provide a solution to this problem. < p > < p > Jing Xiandong gives an example of “blockchain contract” solving practical problems. In Hangzhou, after the rental contract was put into the chain, a user affected by the epidemic and unable to return abroad signed a contract to buy a suite through the chain approved by Hangzhou housing administration bureau. < / P > < p > in fact, with the digital wave of assets, the advantages of signing contracts on the chain are becoming more and more obvious. “In the past, asset transactions and transfers relied heavily on offline infrastructure. For example, real estate registration agencies had to rely on face-to-face paper documents to confirm their rights and transactions. However, based on blockchain technology, a more reliable digital asset flow and collaboration network can be built, realizing the transition from the information internet to the value Internet.” Jing Xiandong said. < / P > < p > more feedback shows that after the contract is put into the chain, the speed of enterprise signing is accelerated. At present, more than 4 million enterprise contracts are signed in ant chain every day, and the average process time is reduced from half a month to three minutes. The third scenario of blockchain technology application is commodity traceability. For example, during the epidemic period, when there were frequent problems of seafood such as white shrimp in Ecuador, how to query the source of imported fresh aquatic products became extremely important. In this context, the cold chain food traceability system in Zhejiang Province Based on ant blockchain technology was first launched in China, which further improved the food safety traceability system and strengthened the epidemic prevention and control. It is understood that the system takes imported food business enterprises and wholesale markets of agricultural products (8.490, – 0.20, – 2.30%) as the first stop to enter the supply chain of Zhejiang Province. It uses the “cold chain food traceability source code” to realize closed-loop traceability management from the first station of the supply chain to the minimum packaging of products in the consumption link, and comprehensively grasps the flow direction of the cold chain food supply chain. < / P > < p > in the application scenario of supply chain finance, the application of ant blockchain is gradually in-depth. As we all know, supply chain finance is to manage the capital flow and logistics of upstream and downstream enterprises around the core enterprises, which is an important way to solve the financing difficulties of small and medium-sized enterprises. China is in the stage of rapid development, the overall market size has exceeded 10 trillion yuan. However, the problems such as the verification of assets, confirmation of rights and transfer of assets have made financial institutions flinch in the face of small and medium-sized financial services. < / P > < p > in this context, ant blockchain began to explore the use of blockchain technology to solve the financing problems of small and micro enterprises since 2018, and launched the “double chain link” platform to open up the upstream and downstream small and micro enterprises and financial service providers of the supply chain, providing tens of thousands of small and micro enterprises with simple and fast financing services. < / P > < p > and in the context of digital upgrading of more industries, the “trusted mechanism” of blockchain technology is also expected to shine brilliantly, which will be a broader application scenario. According to the latest news, Jingdezhen has joined hands with ant blockchain to promote the ceramic industry to the chain and build the digital infrastructure of the industry. As a matter of fact, with the improvement of social governance demand, on chain is not only the standard configuration of enterprises in the digital economy era, but also a thing welcomed and promoted by social supervision departments and service departments, and a variety of application scenarios have been derived. < / P > < p > according to the information disclosed by ant chain, “medical bills were put on the chain, and medical insurance reimbursement was accelerated. Zhejiang Financial Bills center bid farewell to paper bills for 6 months, involving 100 million paper bills. The average time for medical treatment decreased from 170 minutes to 75 minutes, and the average reimbursement time decreased from 12 working days to 10 minutes.” < / P > < p > similarly, subway tickets, copyrights, assets, contracts, rental assets, bidding system, agricultural products, etc. when the “data assets” in the digital economy era began to queue up, a new era opened. Yao Qian, director of the science and Technology Supervision Bureau of China Securities Regulatory Commission, pointed out in an interview with “looking for the power of blockchain”, that the trust mechanism of human beings has been promoting the transformation of economic development mode from the earliest knot record to the book with words and double entry bookkeeping, and to today’s blockchain technology. However, behind the transformation of the mode of economic development, it is precisely the change of production relations. In this revolution of production relations, the most fundamental problem is credibility and confirmation of power. In fact, from the perspective of the large-scale commercial applications of more than 50 scenes such as commodity traceability, justice, copyright, public welfare, supply chain finance, asset securitization and electronic bill, ant blockchain basically focuses on “credibility” and “right confirmation”. < / P > < p > in terms of technology exploration of ant chain, ant blockchain has been deployed since 2015, and has been ranked the first in the number of global blockchain technology patents for four consecutive years, and has made major breakthroughs in key technology fields such as transaction performance, privacy protection, and cross chain interconnection. “If you analyze these technologies carefully, you will find that the pain points solved by the technologies are basically the problems of credibility and confirmation of rights.” Wang Chan, a senior search analyst with extraordinary data and consulting division, told China business daily. After all, Jing Xiandong’s statement is more direct: “it’s not too much to say that blockchain is the most important technology in the digital era. Without a trust engine, it is difficult for the digital economy to develop really.” < / P > < p > then, in the transformation of production relations caused by blockchain technology, is the only solution to trust relationship? In fact, in the public discussion, Professor Eric Maskin, Nobel Laureate in economics, and Professor Chen long, Secretary General of luohantang, both believed that “in addition to solving trust problems in information and alleviating information asymmetry, information economists and mechanism designers are still thinking about how to introduce the right incentive mechanism.” < p > < p > to answer this question, foodie mainland and its founder, Hong Qi public action, answered this question. In his opinion, “an essential difference between the blockchain era and the Internet era is that information is recorded on the Internet, while assets are recorded on the blockchain, which means the beginning of rebuilding value. For this issue, the ant chain should be very clear, but as a giant company, such a formulation and entry point will bring compliance problems, so the ant chain will cut into the most basic social pain point – trust mechanism. ” Hong Qigong told reporters, “the double entry bookkeeping solution was born 500 years ago