The greatest success of the Internet lies in the efficient docking between producers and consumers through platform operation, which reduces intermediate circulation costs and improves efficiency. And as Internet technology gradually degenerates into an infrastructure, its ability to disintermediate is diminishing, ultimately leading to pain points such as inefficient resource allocation and poor user experience.

The Internet is transforming external industries while gradually integrating with these industries, and eventually falling into a part of these industries so that it gradually lost its original energy. The industry began to call for new technical means to transform the pain points and problems that the Internet could not change, and truly liberate people from the quagmire of the mobile Internet. The emergence of blockchain technology allows people to see the dawn of its crack Internet pain points, capital in the market among the push is more blockchain technology began to appear more in the cause of people.

The blockchain white paper released by Meitu is the most genuine manifestation of this market situation. According to the white paper, Meitu will create a decentralized, secure and encrypted identity pass for users:Meitu Intelligent Passport (MIP-Meitu Intelligent Passport), which enables users to use their facial features as keys for decentralized user identity verification (KYC) on the blockchain. Blockchain technology based applications are shining into our lives step by step and starting to make applications that affect our daily lives.

The Internet era is coming to an end, and the blockchain era is opening up.

The opening of every era will overturn people’s imagination, just as we questioned the Internet era before it came. The coming of the blockchain era has the same development vein. When the wonderful evening sunlight brought to us by the Internet era gradually fades away, the bright stars in the distant sky may be the sign of the coming of the blockchain era.

Capital takes the lead in layout, blockchain is first fire before it is ripe. Just like the development of the Internet era, capital’s ability to discover new technologies is always one step faster. Although the parent of blockchain technology, virtual currency, has been criticized for many problems, its underlying technology, blockchain, has the ability to subvert tradition and is more capable of more thorough decentralization than the Internet, thus realizing another evolution of the industry.

There are constantly bigwigs in the investment community speaking out in affirmation of blockchain technology, which is actually a guide to the direction of market development, and it is because of their voices that people are beginning to pay more attention to blockchain technology and are beginning to explore what kind of existence it is. Capital’s natural sensitivity to the market allows them to always find a brand new windfall before the overall market heat begins to sprout, and blockchain technology is just that.

Following the regulation of digital currency by the regulatory authorities, the development of its related fields has always been in a relatively sluggish state of development, and blockchain technology as the core technology of digital currency has also suffered from many criticisms. Behind the sluggish market there is always endless potential for development, and capital is always able to make efforts in places that others cannot see, so as to get the first bucket of gold in the market. Thus, we see many capitals start to voice their optimism about the development of blockchain technology and try to find growth breakthroughs by plunging into it. The blockchain white paper released by Meitu this time is the most direct manifestation of the power of capital plunging into blockchain technology.

The full force of capital joining the blockchain technology has begun to fire up even before it is mature, and the market’s pursuit and admiration for blockchain technology began to create an era similar to the Internet began to emerge. Although blockchain technology can be applied in progressive industries and can crack the problems that internet technology cannot crack, the status quo of blockchain technology not being mature is still the key to its development.

Internet giants are actively embracing blockchain, and a new journey of disruption is opening up. facebook founder Zuckerberg has made it his annual challenge to explore the application of crypto technology and virtual cryptocurrency in Facebook. Microsoft, Amazon, Google, and IBM have also entered the picture.

The addition of foreign Internet giants to blockchain technology is beginning to give the market an unprecedented uptick, and the domestic Internet market is not quiet either. Cai Wensheng, chairman of Meitu, put forward the concept that “the core of blockchain is no longer technology, but the reconstruction of business logic”. The company has opened a blockchain anti-counterfeit traceability technology platform, and Tencent has published a white paper on the Tencent blockchain solution, trying to achieve a win-win situation by using blockchain technology to share information and protect privacy, make joint decisions and protect individual interests.

The favor of the Internet giants for blockchain technology has opened a new disruptive action. People who suffer from not finding a new breakthrough for development in the era of the fall of the Internet have found new development possibilities at the level of blockchain technology, and the new revolution based on blockchain technology triggered by this is coming.

The frenzy of the market has made blockchain a new fertile ground for investment. Although blockchain technology was born from digital currencies, which have been questioned by many parties, which makes people more or less suspicious of blockchain technology. However, blockchain is always a technology, the technology of this province is not good or bad, if we only see blockchain technology was born in digital currency will simply classify blockchain as a bad level, then this is obviously for blockchain understanding is not comprehensive enough to cause.

However, although blockchain technology is not good or bad, but because the market has a speculative mentality towards blockchain technology, and there are even people who want to make a fortune through blockchain, this phenomenon is not good for the development of blockchain itself. As the Internet era comes to an end, people’s mania for blockchain investment eventually makes the technology itself with a bubble. In the future, as more people recognize blockchain technology and blockchain technology is applied in more fields, the market’s mania for blockchain technology will continue, and eventuallyThe development of blockchain technology will be brought to a whole new stage of development.

The Internet era will eventually come to an end so that the market is in a state of confusion and wait-and-see about the future development, and the emergence of blockchain technology has precisely allowed people to find a new direction of development at this time. The addition of capital and the entry of Internet giants has made this trend more obvious, and an era of subversion of Internet technology by blockchain technology seems to have arrived.

Just as the maturation of all markets or industries is accompanied by bubbles, blockchain technology needs to go through the same development stages of germination, development, explosion, adjustment and maturation from germination to maturation. So, has the development of blockchain technology really reached the point of subverting Internet technology? Has blockchain technology really developed into a mature technology? I don’t think so.

hidden worries remain under the fire, blockchain real maturity still needs time

market explosion is often able to cover up the original shortcomings and contradictions of the thing itself, when a large number of entrants flocked to leave is bound to be a huge bubble. The current development status of blockchain technology also suffers from the same problem. Although capital, Internet giants and the market level all hold a relatively optimistic attitude towards blockchain, it will take time before the real windfall of blockchain technology. The reason for such a judgment is mainly due to the following reasons.

as a technology, blockchain is far from jumping out of the original “comfort zone”. No matter how great the market potential of blockchain technology is and how effective it is in transforming the Internet industry, it is always a technology, and a technology born out of digital currency. This quality of blockchain ultimately allows many of its applications to remain at the level of digital currency, lacking the ability to integrate deeply with other external industries, which undoubtedly greatly limits the scope of application of blockchain technology.

Although technology companies represented by Jingdong, Tencent and Meitu have expanded the scope of blockchain technology applications in combination with their own businesses, blockchain technology is still a virtual digital currency based existence. At present, many companies’ exploration of blockchain technology is still based on the vein of digital currency, which makes blockchain has not yet jumped out of its own “comfort zone”, which is not beneficial to its development. Just like the Internet technology, if we only limit the development of Internet technology to the technical level, but do not integrate it deeply with external industries, then the development of Internet technology will inevitably be trapped in a relatively small area.

Jingdong combined with e-commerce, Tencent based on social, beauty from portrait …… these Internet giants for the application of blockchain technology is still in their own “comfort zone” for related applications, these should only be With the help of blockchain technology, they can find new optimization points in the mature model, without really innovating blockchain technology. The development of blockchain technology can only be applied in a certain range, and lacks the ability to make a real breakthrough.

Blockchain technology has not evolved much, and it is difficult to get good results based on applications in the digital currency space alone. Although blockchain technology can bring us a lot of imagination, in the financial, medical, insurance, social, e-commerce and many other fields can get applied, but one thing worth noting is that blockchain technology is a presence that arises from the financial industry, if we just apply the blockchain technology to other industries outside of finance, there is bound to be a watery situation.

From the point of view of the degree of evolution of blockchain, it is still in a relatively rudimentary stage. Blockchain as a technology can only innovate a new development model and logic by combining the characteristics of the industry with which it is connected, so that it is no longer just an external technology, but becomes an endogenous existence. For example, as mentioned in the blockchain white paper released by Meitu, Meitu has innovated a new smart pass with the help of massive user data, and users are able to achieve identity verification with the help of this pass.

originated from blockchain technology and can be organically integrated with external industries to produce new technologies, which may be the future development direction of blockchain technology. The blockchain technology is only regarded as an external technology, and the industry in which it is located is not connected, which may make the blockchain technology fall into the strange circle of

.

blockchain technology has not yet received positive support, which has always raised questions about its “legitimacy”. Although the market is very enthusiastic about the pursuit and support of blockchain technology, the regulatory authorities are always relatively cautious about blockchain technology, and the existence of such a state is bound to make people question the “legality” of blockchain technology. On the contrary, the development of Internet technology is different, and to a large extent, the establishment of an Internet society has become a national strategy. It is because of the legitimacy of the Internet that Internet technology has been able to grow so much.

Therefore, blockchain technology is still in a relatively primitive state in terms of its current “legitimacy” status. If it can never get a “legitimacy” support, then it lacks the fundamental to really promote and market to the general public, even if it can provide useful solutions to crack the pain points and problems of the Internet era, it still can’t get a big explosion and growth.

The fall of the Internet era has made people start looking for new profit growth points, while the unchanged mess left by the Internet era urgently needs to find new technologies for transformation. The emergence of blockchain technology solved this current problem for people, so capital, Internet giants, and the market began to devote themselves to blockchain, and a seemingly booming blockchain economy was thus opened. However, by the uniqueness of the blockchain itself and let it face a new development dilemma, which ultimately led to the blockchain technology really become a windfall still need time.