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Edited by Kitu11 at 22-12-2023 01:14 PM
In the era of data, there is a significant opportunity for supply-side reform and economic transformation. Technologies such as AI, blockchain, and IoT, no matter how advanced they are, are meaningless if they cannot be integrated with manufacturing and service industries, drive transformation and upgrading, promote a greener, more sustainable, and more inclusive direction of change, and make our lives healthier and happier.
Currently, China's manufacturing industry alone is valued at about $31 trillion, while the United States and other major economies also operate manufacturing industries worth tens of trillions of dollars.
Specifically, Hyperledger and the Ethereum Enterprise Alliance (EEA) have developed systems based on private and public blockchains, allowing large enterprises to deploy supply chains on tamper-proof networks.
As for "scalability"" and "adoption,"" blockchain technology is still in its early stages, with public peer-to-peer networks currently able to process about 10 to 50 transactions per second.
Now, with the help of second-layer scaling solutions and innovative consensus algorithms, the scalability issues of blockchain technology can be addressed, allowing developers to create systems for large enterprises, such as using decentralized protocols for manufacturing.
Apart from the financial industry, manufacturing remains the largest market that emerging technologies can target. Although AI, IoT, and blockchain have seen some level of adoption in manufacturing, their full potential has not been fully realized.
Jack Ma stated that if blockchain can be widely adopted as a "data processing technology" and a "decentralized database for manufacturing companies," we can truly see decentralized systems being adopted mainstream, beyond the financial sector. |
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Post time 7-12-2023 21:44:46