Farewell: End of story of the $ 2 trillion market and exchange in blockchain history

A wave of Chinese tech companies listed in the United States for more than 20 years is coming to an end. As a result, according to the decision of Paul Gillis, an international specialist at the Guanghua Business School of Peking University, “there is a small opportunity for Chinese companies to reach the American public within 5 to 10 years, and will only have a short period of time. The hands of big business. . Abroad, you must go to the Cybersecurity Audit Office for cybersecurity investigations. “Basically every internet business that complies with US laws has over a million personal user information. form and how can they be made public? So almost everyone is verified, and no does it hurt our business to explore names in US? So the Chinese technology product market, in especially the names of Internet platforms in the United States, is the beginning of "the end of history" Obviously, China has also started to separate some of the beginnings, and this time the names in the United States are History is the most precise example.

From a financial standpoint, this separation will of course have the biggest impact on Wall Street. In the past 20 years, Chinese tech companies have moved to the United States, with more than 400 numbers and a value of $ 2,000 billion. Wall Street's revenues are at least hundreds of millions of dollars, and now a stable source of funds is shut down. This is a cross country game with home data security. Am a parrot Hello everyone, if you want to kill me now I will not send you the results. With the growth of the US economy, the region was originally favored by Wall Street and the US stock market, but what do we need now?

If you think about it, you can understand that the goal of this separation is difficult, with at least four points.

1. The importance of domestic data security has reached new heights, and the ban from listing foreign internet platforms is one of the key issues.

2. In terms of decoupling, is it better to eliminate the exchange of old values ​​"to unite" and take advantage of these advantages?

3. Main measures to support the Research and Technological Innovation Committee. The STAR Marketplace has been dubbed the "Biggest Move" by Bloomberg. “Because it reduces control over everything: nonprofits can go public, the first day price cap doesn't change, and all price metrics are removed. . US. Many home-based businesses that can't register in the US are still looking to the STAR market or at least Hong Kong.

4. Long-term prosperity and creation of a segregated environment. According to the International Monetary Fund, foreign companies are listed in the United States not only in terms of exchange rates and taxes, but also in terms of global wealth. US dollar state. Now that it is at the decoupling stage, it is important for the State to set up other areas of its own and to try to enrich itself, and it is important to “de-dollarize”. In the past there was not enough capacity, but now there is not enough money, why good products for others?

It is "the end of the story". It is a natural fit in the storylines and there is no going back.

Going back to blockchain development, we can look at China and the United States, or we can call it 'a change in history'. After the central government declared blockchain "national technology" in October 2019, blockchains in both countries started to gain traction, but since then blockchain development in China and the United States has continued to grow. improve the market. Programmable finance in China, programmable applications in China It is estimated that the programmable nations that two countries achieve in the future will be very different and completely different.

The development of programmable finance in the USA is very clear now, it is the development of financial applications based on digital tokens. Defi and the like have performed overseas, and this is most obvious. project, previously In one year, fiat emerges and emerging projects in the United States, the financial sector represent more than 90%, and Defi represent more than 90% of the financial sector. The goal of Defi is to identify financial viability. Compared to the traditional budget, the performance is similar to the electric jump. It's a completely new way. From an economic standpoint, the “financial economy of the economy” in the United States is the most recent increase in the American weapon of “economic development”, which has recently been strengthened. However, regarding the physical implementation of the blockchain, there are currently a number of tasks that are incomplete and worth mentioning.

Chinese programmable application, the pros and cons are very clear. The latest trend is the rapid growth of large platforms and the decline of startup platforms. Although large platforms cannot provide coins, they have rapidly increased in blockchain applications. For example, Ping An focuses on health and finance, while Tencent focuses on sports and finance. By 2020, China will have a total of 1,257 participating companies out of around 8,200. New blockchain patent additions, and our companies with the highest number of patent applications are Ping An Group (992), Tencent Technology ( 721) and Ant Group (507). In the application of blockchain technology, the development of large platforms is very rapid.

But what about startups? In fact, it is not. For example, the gap between China and the United States in terms of monthly blockchain revenue has widened. In January 2021, the United States had 21 cases per month and China had 7 cases, or only 1/3 of the United States. In his January speech, Xi also said, “My country and the United States, along with other Western countries, are joining the core blockchain algorithm. There are still differences in the development of high performance blockchain system, and still a risk of "knot in the neck".

Why is this happening? Blues believes that the availability of digital tokens at the starting point makes the development of the project completely different. Blockchain projects in the United States can have financial problems and incorporate digital tokens early on, allowing the project to get enough “blood” early on when the rate paid has sunk a lot of garbage at the same time. In addition, a good job can develop quickly. In return, blockchain home campaigns cannot provide coins. You have to fight to survive from the start. It's about making money. You can only like VCs, and VCs don't help at all. "Ignore it. By the way, Blues' own project team (not blockchain) has been fighting for VC for a year, with doggedness and extensive experience. In this case, for example, research and development, such as algorithms that are not very profitable in the short term; cross-checked by national team or major platform.

Yes, the shutdown of digital assets and blockchain in China has other considerations such as financial decisions and investment losses, and future history may determine if there is a better way. . It can only be said that the different options between the two countries have shaped the current and future development models of their blockchains.