The topic of the last issue of “Public Talk blockchain” is “the application of blockchain in the field of food safety traceability”. Around this theme, Fan Jingwei has discussed food traceability in detail with us from the basic concept to the traceability case of Bu Bu Chicken.
The topic of this issue of Blockchain is “Token in blockchain application scenarios”. Recently, the public chain of blockchain is hot, but what other existing businesses can be endowed by blockchain? Wang Wengang discussed the familiar game points and community points, that is, the application of “super points” to blockchain technology with his own development.
Topic: Tokens in blockchain application scenarios
Time: Saturday, July 28, 9:00-10:00pm
Host: Pei Yao
Special guest: Wang Wengang
Reference material: BitRewards Whitepaper brings blockchain to customer loyalty
https://bitrewards.network/white-paper_cn.pdf
Discussion: a memoir
Hi, everyone. This Saturday, HiBlock Blockchain community special column “All Say Blockchain” will meet you on time. I am Peiyao, the host.
Blockchain is initiated by HiBlock blockchain community. Every Saturday at 9:00 PM, a discussion on blockchain related topics is organized within the community to deepen the understanding of blockchain among community members.
Blockchain refers to a technical solution that collectively maintains a reliable database in a decentralized and trustless manner. Because of their precise tracking of past information, immutability and transparency, most apps are promising solutions to trust problems. With the increasing popularity of blockchain technology, how to apply blockchain technology to the real economy has become the most concerned issue for blockchain practitioners.
Blockchain in addition to the public chain coin hot outside, what can be combined with the existing scene? Token as a digital carrier of value, the existence of proof of interest, what is the value of backing endorsement? How is token reflected in the application?
Next, welcome wang Wengang, the special guest of this issue, to talk about tokens in blockchain application scenarios
Wang Wengang: Good evening, everyone. Today we are divided into two parts. First, I will share my understanding of blockchain Token, and then we will discuss together.
Wang Wengang: Recently, with the progress of blockchain business, I have been thinking about a question: “Blockchain, apart from the hot public chain coin issuance, what other hot blockchain applications can be combined with the existing scene?” That is, to what existing business.
Wang Wengang: Here, let’s talk about game points and community points, which we are familiar with, and start today’s topic of “super points”.
Wang Wengang: Before I started my own blockchain business, I started my own business in ARVR, and I also ran the technical community for 2 years — full-time.
Wang Wengang: First lay a foundation. Four characteristics of blockchain:
1. Information traceability, chain structure.
2. The information cannot be forged or tampered with and is encrypted with hash.
3. The information is valuable, so you need to pay “gas” to write the information, and the cost of mass advertising mail is extremely high.
4. Distributed storage, and ensure data consistency, super redundant data design.
Wang Gang: We are the public chain combined with the game
Wang Wengang: “How to understand the virtual currency blockchain in the simplest way?” “Blockchain can simply be thought of as a public ledger,” the expert said.
And at the heart of the ledger, as I understand it, is the record of transactions, the digital assets that are clearly visible in the summary of transactions, and that’s important to everyone.
Wang Wengang: At the same time, when we search for “blockchain, integral”, there is a lot of information, as follows:
1. Blockchain, integral is no longer a chicken rib
2. Blockchain technology brings another “revolution” to the points system
3. Is it difficult to implement traditional points alliance?
Wang Wengang: Corresponding to some APP applications, the existing points system: for example, there is no growth limit, for example, there is no member’s home transaction attribute
Centralized mode – very convenient for cheating – excessive issuance, resulting in inflation of points, resulting in the instability of points – not universal deposit.
Wang Wengang: I used to run a technical community — giving points and gifts. It was common to change exchange rates for some “special” purposes. Reason, the integral that has community at present, put it bluntly, valueless.
Wang Wengang: Blockchain, there are a lot of projects with “super points” and “points alliance” in the direction of entrepreneurship, such as EKT Universal Points, Binhu, PE Chain, BIT, etc.
Blockchain integration is expected to solve the two pain points of traditional integration:
1. Free convertibility of points, P2P decentralization, blockchain can also clear member points.
2. Universal depositing and redemption of points. Blockchain technology can help operators such as banks, travel companies and retailers accurately record member points.
In addition, it is possible to consolidate various membership cards into one “wallet”, which, as it sounds, is interesting.
Wang Wengang: In the field of points, blockchain can establish an immutable trust registration mechanism between various apps, making it possible for different points to flow through, thus revitalizing points.
The excellent points mode of traditional enterprises relies on members’ repurchase of their main business and financial services (such as membership IOUS) to gain profits, rather than making money on the points alliance. This belongs to the mature business model, namely the existing consumption scenario.
Wang Wengang: Look at this chart. How to issue points on blockchain? The Token
Wang Wengang: In the near future, there will definitely be public chains that provide API to solve these access services. It’s as easy as issuing coins now based on the ERC 20 protocol. In this way, it can not only activate old customers, but also attract a large number of new users, realize user sharing, and promote the consumption circulation of points: universal deposit and redemption. In the future, the ideal scheme of Token points:
Wang Wengang: To ensure the normal operation of points platform data, centralization cannot be used for design between multiple merchants. Therefore, the decentralized characteristics of blockchain are in line with this transaction scenario.
The exchange rate between each merchant is set, just like the current ethereum, each coin is not connected, but everyone can communicate with ETH. With this principle, the universal deposit and exchange of integral Token can be realized.
Wang Wengang: I found a white paper. Here is a case. Let’s see the effect directly.
Wang Wengang: If it is just shopping bonus points, it will be no different from the existing commercial scenes. Please continue to look at the picture below.
Highlights: This Token points can be transferred to Ethereum wallet and can be made universal deposit and exchange between merchants, activating “dead” points. Promoted the integral cycle consumption.
@yan: How do I redeem different points?
Wang Wengang: Tonight we have finished our sharing. Finally, we leave a question for discussion: what causes the resistance of blockchain Token integration?
Wang Wengang: I have been thinking about this issue recently. What I have come up with is that, just like type Ethereum Token, everyone can exchange with ETH, indirectly realizing universal deposit and exchange.
Hu Jian: Are there other application scenarios besides integration
@ Wang Denghui @ pointed crystal capital – | research and development of the investment: the virtual integration of exchange, the law it is illegal to make clear a regulation, I find the basis
@Hu Jian: It is illegal
@Rain outside the window: Talk about a multi-currency wallet
Ye Kai: It doesn’t work. It exists in theory
@ wen-gang wang: @ Wang Denghui @ pointed crystal capital – @ Hu Jian | r&d investment It is illegal to points?
Ye Kai: There are many foreign points Token cases such as BitRewards, Gatcoin, GiftZ, LoyalCoin, etc., but they are not completely applicable to the domestic business environment and regulations
@Ye Kai: Even the points cannot be directly two-way with legal currency, let alone with digital currency. Now, the points must be in the same platform, and cross-platform points cannot be exchanged
@Hu Jian: I remember there was a similar saying in an e-commerce project.
Ye Kai: You can transfer through some intermediary methods, such as gift cards, etc
@Wang Wengang: @Ye Kai is similar to ETH?
@ Wang Denghui @ pointed crystal capital – | r&d investment: integral, the Internet is the Internet platform or large electricity distribution, used only within this platform for virtual currency. In this paper, four “no” requirements are put forward for the release and use of Internet points, namely:
First, the scale of issuance shall comply with the actual assets and liabilities of the enterprise, with legal tender as the “anchor” and shall not be overissued
Virtual hair;
Second, subsidies and use can not be carried out across the enterprise industry;
Third, the merchant and the issuer shall not exchange in both directions, but only settle in one direction.
Fourthly, it can only be used on this platform, not on a large scale.
Ye Kai: Of course, you can also use the separation wall method to mine the domestic integral, and use the calculation method to mine the foreign integral B
Henry Huang: Wang Wengang, could you please send out the complete white paper of the example you mentioned?
@ wen-gang wang: @ Henry https://bitrewards.network/white-paper_cn.pdf
@ Glo: Can the integration alliance system realize user sharing and mutual diversion?
Elite Community- Cabbage: My personal opinion is that points without consensus are zero, and points are literally equivalent to alliance chains
Elite Community- Cabbage: Alliance is gone, point value goes to zero
Because of the accumulated consumption and low gold content of integral manufacturing,
Wang Wengang: Jia Peng good idea, blockchain Innovation and Development Center of South Media. Your idea is actually equivalent to diversion, which is in line with the two profit points of the Internet (diversion and membership card).
Wang Wengang: @Cabbage 🎗Scry volunteer what you mean, I understand, there needs to be an anchor point, that is, everyone in the alliance, how to trust you.
@elite Community- Cabbage: Mr Wang, one more question, is the price of points fluctuating or constant?
Wang Wengang :@ Cabbage 🎗Scry volunteers constant is very difficult, and the same as the exchange, should be in line with the price law, floating.
Elite Community- Cabbage: If it is constant, it is equivalent to FIAT, which has been paid by wechat and Alipay at this stage, and this is the mass population
@elite Community- Cabbage: If the price fluctuates greatly, then it is a very practical question whether the merchants can bear the price fluctuation
@ Glo: It is not easy to establish consensus mechanism. I know someone who is doing similar projects. When A customer buys A company’s products, he not only gets points of A, but also gives points of B company or C platform
Wang Wengang: You are right. It is not easy to establish a consensus mechanism. In the final analysis, there is also the issue of trust. Jia Peng, Blockchain Innovation and Development Center, South Media
Wang Wengang: @Cabbage 🎗Scry volunteer Another problem that comes to my mind is that the sellers issue tokens and the manufacturers issue tokens. Be like teleplay, be haier after all, still suning issues token?
@ Sun Yuanqing ~ blockchain products :@ South Media Blockchain Innovation and Development Center Jia Peng enough points between multiple platforms if they can be exchanged, then in a sense, there is no difference with the exchange between US dollar, RMB, Yen and legal currency
Sun Yuanqing ~ Blockchain products: a decentralized institution issues tokens
@ Sun Yuanqing ~ blockchain products :@ South Media Blockchain Innovation and Development Center The higher the popularity of Jia Peng integral, the closer to legal currency
@ glo: And wallet. The more popular the score is, the closer it is to legal currency
@Prometheus: It is definitely not a startup company that can make this product. It is difficult for merchants to establish trust. I don’t know one day when the company reverses the points, the function will be abolished
Wang Wengang: @Prometheus if such a transformation, back to the center. I think the law of the market — exchanges are a good solution.
@yan: Decentralized exchanges?
@elite Community- Cabbage: @Wang Wengang “Another problem that comes to my mind is that the sellers issue tokens and the manufacturers issue tokens. Such as TV series, in the end is Haier, or Suning issued token? Teacher Wang, this problem is not a problem. Set up an alliance department to supervise and check each other, so that tokens can be circulated within the alliance
Wang Wengang: @Yan HMM, @Cabbage 🎗Scry volunteers make sense. However, you think, the channel in order to sell, price advantage, require businesses with the same brand products, different models. Integral, under current circumstances, is also a bit more channel.
Prometheus: In the abstract, it’s like each merchant buys some Bitcoins or other coins, and the buyer buys the goods and the merchant gives the coins
Prometheus: In fact, the buyer would like more discounts or direct return RMB
Wang Wengang: @Prometheus is finally abstracted into RMB. This is awesome.
@YAN: There are more procedures than the current purchase mode…
Wang Wengang: If, in order to facilitate the return of customers. Through the contract, increase the lock. In case, you get the points, one minute after the conversion of fiat money no longer visit the store. @yan
@Yan: I always feel a bit complicated. Do you have any good ideas on the application of tourism products?
Wang Wengang: Travel, no idea at present. I used to do AR and HAVE done AR cooperation in several scenic spots. I understand that blockchain is more useful in high-volume transaction scenarios. @yan
@Yan Yan: It’s a matter of time. That’s all for today’s show
@Yan Yan: Thank you Wang Wengang for your sharing. That’s all for today’s chat. You can continue to digest it. The content of the discussion will be precipitated and published in the public number, and you can leave a message at the end of the article if you want to ask
The theme of the next issue has not yet been determined, and the special guests have not yet been determined, you are welcome to recommend yourself, or recommend ~ Next Saturday at 9pm, we will be there or square ~
(Note: “Public Talk blockchain” is a group discussion column, each issue focuses on a phenomenon or technology discussion, do not make investment advice.)
This article is from: HiBlock blockchain community wechat group discussion
HiBlock blockchain is a wechat group discussion activity organized by HiBlock blockchain community. It starts every Saturday at 9:00 PM on time, and we will discuss around a topic. If you are interested in it, you can join the group
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