“On the Internet, nobody knows you're a dog.” This famous quote from a cartoon published in the New Yorker magazine on July 5th, 1993, perfectly describes the trust issues we face in the age of the internet.

The fact is, the lack of trust has always been a fundamental issue that has hindered direct transactions between individuals. We've always existed in a "weak trust" environment.

So what does "weak trust" mean? It means that trust exists, but the relationship is not strong enough, and there is a real risk of default and fraud in transactions.

For example, in traditional economic transactions, when a loan is involved, a promissory note or a third-party guarantor is often necessary. This is because in a weak trust environment, we cannot directly confirm each other's identities, and therefore cannot establish the strong trust relationships necessary for economic transactions.

Famous physicist and Stanford University professor Zhang Shousheng recently said at the 2018 China Summit: "Throughout human history, centralization has been a long-term trend, although each computer has its own content, we have search engines and social networking platforms to centrally manage content. Blockchain technology can promote the process of decentralization, and establish trust through new methods to achieve transactions."

The biggest advantage of blockchain technology is its irreversibility, immutability, and encrypted security. In fact, the development of blockchain technology is not only a technological revolution, but also a cognitive revolution for humanity. The most important application of blockchain technology is the reorganization of traditional business and the establishment of trust.

For example, with blockchain technology, every transaction can be broadcasted across the entire network, so that everyone on the network knows that the transaction has taken place and everyone has made a record of the transaction. If one party wants to change the data, it will not be possible because everyone else has already recognized and made a record of the transaction.

Xu Mingxing said: "Therefore, the essence of blockchain technology's distributed ledger is to solve the problem of distrust between links in economic activities."

Jiang Guofei of Ant Financial also said in an interview: Blockchain will give birth to a society of honest and trustworthy people. We believe that the future of blockchain is promising, and it will be a more widely impactful technology than AI because in the digital age, blockchain is the most ideal technological solution for "solving trust."

To Xu Mingxing, blockchain technology itself is to solve the trust issues in economic activities. If there is no trust issue, blockchain technology may not be necessary.

"For example, the Shanghai Stock Exchange has the national credit endorsement, and no one will suspect that the Shanghai Stock Exchange is fraudulent. So, blockchain technology may not be very useful. The same goes for domestic banks, they have national credit. But it's different for Western banks - American banks may collapse, such as Lehman Brothers, so banks with blockchain technology may be more willing to use it."

OK Blockchain Engineering Institute is committed to exploring long-term valuable blockchain projects and top-tier teams, fully deploying future growth opportunities in the blockchain industry. At this critical development stage when the blockchain industry is entering the "operating system competition," OK Capital's core investment strategy for the next 1-2 years is to explore top-level blockchain infrastructure with huge potential and invest in its ecosystem construction.

熱點(diǎn)：區(qū)塊鏈 區(qū)塊鏈工程