2018 Summer Davos Forum: Blockchain Will Influence and Change the World

A few days ago, the 2018 Summer Davos Forum and the 12th Summer Davos Forum were held in Tianjin. The theme of this forum is “Building an innovative society in the fourth industrial revolution”. The theme of this conference is mainly aimed at the issues of general concern to all parties, namely, how to continue to strengthen new kinetic energy in the current international environment, where the factors of instability and uncertainties have increased significantly, and the trend of anti-globalization has risen. And promote the sustained and steady growth of the world economy?

As a result, delegates discussed the latest world economic situation around this topic and studied issues related to world economic governance, including artificial intelligence (AI) and machine learning, Internet of Things (IOT) and connected devices, blockchain (Blockchain). Seven major areas of expertise such as distributed ledger technology.

Although AI, IOT and blockchain have already set off a hot wave around the world. However, for many people, these technical and economic terms are more like a science fiction story, not necessarily heard, let alone imagine. Before I touched this piece, the author was also in the fog. Now, it seems that I can see the blue sky in the crack from this cloud, but in fact, it is far from the application...

For many entrepreneurs, it is not much easier. They are like a cloud of fog, even if they have heard of it, it is hard to imagine what it is. This is really "cutting constantly, and still messing up"!

However, this does not prevent AI, IOT and blockchain from becoming the next hotspot in many industries.

Then, for the blockchain

A member of the European Commission said: "The future of the blockchain will affect and change the world in many ways."

Huawei’s vice chairman said: “Any organization and industry should embrace blockchain technology.”

Under all kinds of atmosphere, the tungsten gold chain appeared! This tungsten gold chain is the Wolfram Exchange Times (WRET).

Rather than the "tungsten gold chain (tungsten bracelet and tungsten necklace)" - jewelry that does not exist.

When I saw this new term, the author was very curious. What kind of spark would it be if tungsten encountered the blockchain?

As far as I know, tungsten is a rare strategic metal and has a wide range of uses in military applications. It is reported that a fifth-generation fighter may contain a tungsten oxide absorbing coating - a 360-degree stealth for the fighter to avoid radar tracking. Metal tungsten is also an important part of contemporary high-tech materials such as a series of electro-optical materials, special alloys, new functional materials and organometallic compounds.

Having said that, tungsten and the blockchain met, but sparked? According to online news, WRET is based on the underlying technology of Ethereum and is applied to tungsten mines in Canada. Some analysts say that it is expected to break the dilemma that restricts the development of the rare metal tungsten investment market, because the tungsten chain WRET is scattered around the world, there is no geographical limitation of rare metal investment transactions. In other words, everyone can dig and trade freely.

Although, the blockchain mainly solves the problem of trust and security in transactions. However, metal tungsten is a physical asset, and its true and false cannot be solved by simple blockchain technology. The influence of information on the chain is determined by the authority of the identification agency at the time of the chain and the number of participants. It is reported that in the future, the tungsten gold chain WRET will be coordinated with all parties according to the establishment of industry standards.

The author believes that although advances in technology, such as the emergence of big data, do provide us with a more accurate source of data. However, the old saying goes that there will be no mistakes. "Investment is risky, and you need to be cautious when entering the market." How to use the so-called WRET, you have to rely on your own "eyes" to distinguish.

• < Prev
• Next >