The first year of the blockchain: Consensus Alliance enters the blockchain industry
Blockchain technology is derived from Bitcoin, as people know more about blockchain technology, the blockchain industry is also undergoing great changes. Whether at the level of capital or innovation, blockchain has always been a hot word in 2016. The technical characteristics of distributed general ledger, encryption algorithm and programmability based on blockchain are regarded as the cornerstone of future digital society.
Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off the fourth industrial revolution in human history together with big data, mobile Internet and cloud computing. Therefore, 2016 is called the first year of blockchain, because the value of blockchain technology is truly recognized by the world in this year.
Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off the fourth industrial revolution in human history together with big data, mobile Internet and cloud computing. Therefore, 2016 is called the first year of blockchain, because the value of blockchain technology is truly recognized by the world in this year.
As soon as the news was released, Bitcoin rose. Within 24 hours, the price of bitcoin rose from 2539 yuan to 2810 yuan, an increase of nearly 10%. Ethereum, a little-known blockchain variety, has a total market value of only US dollars 70 million. In just two months, the market value of Ethereum rose to US dollars 1.15 billion, an increase of 1,600%. At this time, the value of blockchain is truly recognized by the world. Governments of various countries began to study and issue their own digital currency, more than 50 world-class banks formed an alliance to research and develop blockchain inter-bank services, and thousands of startup companies in blockchain industry mushroomed.
The value of low-cost credit creation, distributed structure, openness and transparency of blockchain technology has gradually attracted the attention of the whole society, and new applications have continued to appear in various industries such as the Internet of Things, medical care, supply chain management, and social welfare. The potential role of blockchain is not only reflected in currency, economy and market, but also extended to political, humanitarian, social and scientific fields, the technical capabilities of blockchain have enabled special groups to deal with real problems.
With the continuous development of blockchain, blockchain technology may widely and profoundly change people’s lifestyle, reconstruct the whole society and recast the credit value. Perhaps in the future, when the blockchain technology develops to a certain degree, everyone in the whole society can be connected to this global decentralized network as a node, and the whole society will enter the blockchain era, and then allocate social resources through the blockchain technology. Perhaps the blockchain will become an ideal framework to promote social and economic development.
Keeping pace with the times, the Consensus Alliance, led by Mr. Earland anthony and jointly created by Singapore Blockchain Technology Laboratory, was formally established in the United States in 2016. The goal of Consensus Alliance is to use the technological innovation of blockchain as a distributed credit model to provide a broad development prospect for global market finance, social management, talent evaluation and decentralized organization construction, etc. in this era when credit has become a resource shortage.
Blockchain technology has a brand-new concept and logical structure, and it is still in the process of development and change every day. Therefore, with the change of value that blockchain can provide for trust, it will also enter different stages. Perhaps one day in the future, the blockchain may enter the stage of renewal.
Recommended News
-
Exploit Network closes $1.5 million funding round
On March 19, Exploit Network, a multi-chain privacy payment protocol, closed a $1.5 million initial round of funding from BlockCapital, HashFund and seven other institutions and listed companies. The team plans to use the funding to hire more technical engineers to build multi-chain interoperable application scenarios. Exploit Network is currently in its early stages and the team’s founder, Cora, was previously with DataCom, a leading IT company in New Zealand, working on network engineering architecture. Cora is also a core member of the local Auckland-based Geeks Anonymous group and has…
-
The most anticipated chain game at the end of 2021–islandswap
If 2020 is the first year of DeFi’s explosion, then 2021 is undoubtedly the first year of GameFi’s explosion. Axie has become a phenomenon product whose monthly income has surpassed that of Honor of Kings, depicting a broad prospect of chain games for the public. The fitting concept “metaverse”, as well as the upgrading of policy and supervision, have pushed the chain games to a new climax. The shift from the traditional “Free to Play” to “Play to Earn” (P2E) mode has allowed many chain players to take advantage of GameFi. If you…
-
Coinbetter launches global ambassador recruitment program
In order to better build a blockchain industry ecology integrating technology research and development, industrial research, open platform, investment, information, etc., Coinbetter launched a global ambassador recruitment plan in March 2022, which not only gave users super high rebates, but also there are other great benefits. According to Coinbetter’s official announcement, the recruitment of global ambassadors is open to more blockchain enthusiasts such as community owners, social media influencers, industry KOLs, professional institutions and tool aggregators to join hands with Coinbetter to build a trading ecosystem and expand Coinbetter Brand…
-
DEFI New Finance: New HS Network Coming Out
Digital currency is the product of block chain technology. Block chain (Blockchain) refers to the technical scheme of maintaining a reliable database collectively through decentralization and distrust. From the perspective of financial accounting, block chain can be regarded as a highly trusted network electronic account book with full node participation. With the deep application of block chain technology, the value of digital currency in the future will become increasingly prominent. HS Network is a block chain DEFI Token trading platform based on Ethernet technology. Built by the Global Ecological…
-
While current top GameFi’s users are leaving the game，where will they go next? METAEASE rises as a game changer!
The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of pursuit for the rich. The sector as a whole remained on a downward trend this week, with the overall decline in the sector being severe, the trading volumes are maintaining a downward trend and the number of users is also falling to varying degrees. There is no doubt that the GameFi industry is in a downturn, the unprecedented market environment and the fall of many socialites are undoubtedly a big blow to the market. While the overall…
-
US Senate Approves $1.9T Stimulus Plan; Measure Now Returns to the House
The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. The measure, which was passed by a 50-49 party-line vote, now heads back to the House, which would have to approve Senate changes to the package before it can head to the president for signing. The House is expected to take up the measure next week, according to The Wall Street Journal. The legislation would provide $300 in weekly unemployment benefits through early September, send $1,400 payments to some Americans and direct…
-
Cutting-edge technologies drive innovation: KHC public chain emerges at the right moment
KHC: redefining finance Traditional financial institutions are called centralized financial institutions. The essence of its business model is to provide value transfer, improve the credit quota and provide insurance service based on credit. This can make capitals flow freely around the world, gather user information, monopolize living sectors including clothing, foods, housing and traveling, and achieve huge benefits. However, traditional financial ecosystem is faced with many serious problems, including black case work, unfair distribution, low benefit ceiling, high threshold, unbalanced regional development, etc. In contrast, DeFi which is decentralized finance,…
-
Jaringan utama koin SYW telah diluncurkan dan merealisasikan sirkulasi global
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable…
-
Duke University’s Early Coinbase Investment Could Now Be Worth $500M: Sources
The endowment fund of Duke University, the alma mater of Coinbase co-founder Fred Ehrsam, was one of the fortunate few to have made an early investment in the soon-to-list cryptocurrency exchange, CoinDesk has learned. Two people familiar with the matter said the $3.9 billion Duke Endowment was included early on in the cap table of Coinbase, which is expected to command a price tag of around $100 billion when its shares debut on Nasdaq. Those shares are now worth a small fortune, on the order of nine figures, the sources…
-
Amazon Considers $100M Investment in India’s Apollo Pharmacy Chain
Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key locations. After the successful launch of Amazon Pharmacy Services last month, Amazon.com Inc (NASDAQ: AMZN) is reported to eye India’s Apollo Pharmacy for a whopping $100 million. Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key Locations. Additionally, it is part of Apollo Hospitals – Asia’s largest healthcare group. Hereby making Amazon possible investment a strategic entry that could…
