Hash Mantissa Trends and Outlook

The discussion and debate about the development trend of blockchain technology have never stopped since its birth. 해시게임Perhaps, readers can get some inspiration from the evolution history of modern computing technology.

There are several important time points and events in the development history of modern computing technology represented by cloud computing:

1969 – ARPANet (Advanced Research Projects Agency Network): The predecessor of the modern Internet, proposed by the Advanced Research Project Agency of the United States, the protocol used is NCP, and one of the core defects is that it cannot communicate with individual computer networks;
1973 – TCP/IP: Vinton. Cerf (Winton Cerf) and Bob Karn (Bob Karn) jointly develop the TCP model, which solves the shortcomings of NCP;
1982 – Internet: TCP/IP officially became the norm and was widely used, and the modern Internet was born;
1989 – WWW: The applications of the early Internet mainly include telnet, FTP, email, etc. The WWW protocol designed by Tim Berners-Lee became the killer application of the Internet, detonating the modern Internet, and since then, the rapid expansion of Internet business;

1999 – salesforce: After the emergence of the Internet, only communication applications were possible at one time, but salesforce began to provide Internet-based enterprise-level services with the concept of cloud;
2006 – was ec2: AWS EC2 set the industry benchmark for cloud computing, and to this day, competitors are still trying to catch up with AWS;
2013 – cognitive: Cognitive computing represented by IBM Watson began to enter the commercial field, computing began to become intelligent, and entered the “post-cloud computing era”.

What clues can be drawn from this history?

One is that there is also a periodic law in the field of technology. This cycle is currently about 7 years. Perhaps just as people have the “seven-year itch”, there is also a seven-year hurdle in technology. When this hurdle is reached, it will either breakthrough by itself, or be replaced by new technologies. In fact, seven years after the launch of the Bitcoin network (January 2009), there have been many breakthroughs in blockchain technology.

Note: Why exactly seven years? According to the product cycle, 7 years is basically 2~3 product cycles, and the market may only provide no more than three opportunities.

In addition, the earliest ones may not be pioneers, but may also be martyrs. Innovative technology is advanced, but seeds are sown too early, and it is difficult to germinate and grow without a suitable environment. The difference between technological innovation and scientific research innovation is that technological innovation must be based on demand, and opportunities will be missed if it is too early or too late; It laid the foundation for the scientific and technological revolution in the following hundred years.
Finally, the development of things is often continuous and long-term. Most of the new things are not born out of thin air, but often solve problems that the sages could not solve, or appear in scenes that have not appeared before. In many cases, the emergence of new things requires long-term incubation, and the story of perseverance or giving up will continue to repeat. But as long as the efforts are made in the right direction to increase productivity, sooner or later, they will appear on the stage one day.

At present, the application of blockchain in financial-related fields is relatively mature, and other directions are still in the preliminary stage of practice. But there is no doubt that blockchain technology has indeed brought productivity improvements in industries that have already been implemented. In March 2018, The Society for Worldwide Interbank Financial Telecommunication (SWIFT), based on the Hyperledger project, after more than a year of successful verification, announced the recognition of distributed ledger technology to meet real-time interbank transactions while complying with regulatory requirements reporting requirements.

In addition, relevant standardization organizations are also actively exploring how to use distributed ledgers from the perspective of standards and norms.

The International Telecommunication Union Telecommunication Standardization Sector (ITU-T) has initiated three working groups (SG16, 17, 20) since 2016 to carry out the overall requirements of distributed ledgers, the security requirements, and distribution of distributed ledgers. Research on the application of ledger in the field of Internet of Things;
The International Organization for Standardization (ISO) established 5 research groups to discuss the formulation of relevant specifications on distributed ledger architecture, applications, security protection, identity management, and smart contracts;
The Institute of Electrical and Electronics Engineers (IEEE) established the P2418.2 project to discuss data format standards for blockchain systems;
The Internet Engineering Task Force (IETF) established the Decentralized Internet Infrastructure Proposed RG (dining). The research group will focus on issues such as trust management, identity management, naming, and resource discovery in decentralized architecture services;
The World Wide Web Consortium (W3C) has established three related research groups to discuss blockchain technology and applications; digital asset management specifications and cross-ledger interconnection protocols.
Of course, the corporate world is not far behind. Many technology companies have launched products or solutions related to distributed ledgers, which have been initially verified. Due to the complexity and immaturity of distributed ledger technology itself, a high threshold is required for correct use. At present, most of these enterprise solutions rely on popular cloud computing technologies, with the main goal of saving development costs and making it easier for users to use ledger services.
The author boldly predicts that with the maturity of blockchain and distributed ledger-related technologies, more application practices will be implemented, especially for enterprise application scenarios. In the future, after a series of problems such as cross-chain are solved, there will be a joint ledger network that can be accessed at any time and at a low cost, bringing more convenience to people’s lives.