Why did Yang Yongzhi not do blockchain last year? Turn around and invest in artificial intelligence.

Yang Yongzhi is the founder of the Dolphin Browser. In 2016, he set off again, chose to establish Abbots Technology, and developed the application of blockchain – mutual help. However, in mid-2017 he closed all of his business with mutual help and turned to artificial intelligence. Practice has led him to discover the gap between ideal and reality, and he has begun to wonder whether the blockchain has only one best application scenario - digital currency.

Why did Yang Yongzhi not do blockchain last year? Turn around and invest in artificial intelligence.

Behind the beliefs, we need the support of one line of code and one scene. It is undeniable that for many scenarios, the current blockchain cannot solve its core pain points. Yang Yongzhi believes that the blockchain still faces many problems in the short term, and it is Without a good solution, the scene is not without, but it requires long-term accumulation and infrastructure construction. The blockchain is worthy of recognition, but it is not the only optimal solution for everything. I hope this summary of practice will inspire you.

Blockchain Catcher: Abbots' official website can't find any blockchain related information now, let's talk about your attitude towards the blockchain.

Yang Yongzhi: In a word, it is a long-term optimistic, short-term fading.

Blockchain Catcher: Why is it short-term?

Yang Yongzhi: The main reason is that I think that the application scenarios other than digital currency are very difficult to find.

Blockchain Catcher: Isn't a lot of scenes now in the ground?

Yang Yongzhi: Regardless of the current copyright or other, you can give any example. The essence of returning to the matter is that the blockchain cannot solve it. For example, if you write an article from the media, I change some words, piracy is sent on the other side, can the blockchain be found?

There are also blockchains like Ant Financial. IBM also said that many years ago it was necessary to use blockchains in the supply chain. Did they really solve the problems they wanted to solve and reached expectations? Now everyone is experimenting with a mentality that cannot be missed, but look at what the result is.

Blockchain Catcher: What is the reason for the scene not falling?

Yang Yongzhi: First, the blockchain is not irreplaceable. Blockchain is not a new technology. It is actually a change of technical thinking and technical logic. For example, cryptography, distributed computing, communication, and storage are all existing. It does not invent a new encryption. Algorithms or storage methods have not created new wealth.

Its essence is to redistribute the value chain. It redistributes most of the benefits that were originally controlled by the centralization of the industry chain. This is its greatest value. However, the inevitable problem is that to solve any pain point and application scenario, there will be a centralized solution and a set of solutions to decentralization, and the centralized solution will be more efficient than decentralization.

Second, blockchain can only solve things on the chain. When the blockchain really landed, there are many business scenarios that need to be closed-loop. You will find that many scenes and data are online, even if more and more online, now it is still under the chain. The part on the chain is still very small, which is determined by the real world.

Third, we must first look at the supervision to prevent you from doing this. Secondly, there is no clear regulatory policy in the blockchain, and there is no mechanism that can be reviewed or demonstrated. Anyone can say that they are doing blockchain.

In the past, VC financing at least some people did their best, now the corresponding assets behind the illegal blockchain project are lost? Being misappropriated? Someone has to be verified, but the process of verification is still central. Now it is already bad money to drive out good money. Quality projects can't be said to be no, but very few, you will find that the earliest people who do blockchain are now silent.

I think the traditional logic has its truth. Now, after all, it is not an ideal world. You can't put things on the chain.

Blockchain Catcher: Are these problems caused by technological development?

Yang Yongzhi: All things are like this. The development of artificial intelligence is also started from 50 years and 60 years. I don’t know how many waves have been made. The reason why I can appear recently is because of deep learning. Deep learning is not a kind of algorithm theory. Many people who study mathematics or really engage in theoretical research actually look down on deep learning because it is actually brute force, relying on data and powerful computing power. After many years of accumulation, computing power is getting stronger and stronger, cloud computing development, big data accumulation, these two things together with deep learning algorithms have produced huge chemical effects, and then bring many breakthroughs, such as images. , voice and translation. It requires the development of infrastructure to accumulate.

Blockchain catcher: But the blockchain does not seem to be affected by technical bottlenecks. Can you use iterations while using it?

Yang Yongzhi: Of course you can use it like this, but you have to understand that it is hard to be your killer.

Realistic resistance

Blockchain Catcher: Since you still recognize the long-term value of the blockchain, why not do it at all?

Yang Yongzhi: I think the first time has not found a point, TIming, the second has not found what is the ApplicaTIon besides the digital currency. Digital currency is undoubtedly the best blockchain application. I am sure its potential value, but if it wants to develop in a healthy way, it must first have regulatory approval, and secondly someone should supervise it.

Blockchain Catcher: What should a suitable TIming look like?

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