Bitcoin trading draws on the rest blockchain chain is also into the cold palace?
There's a certain magic in this world. When we learn about a technology that has the potential to generate massive wealth, our greed often leads us to become mere followers, chasing after the next big opportunity.
When Bitcoin started gaining widespread attention, the People's Bank of China and six other departments issued a joint notice to prevent the risks associated with token fundraising. On the evening of September 14, the first Bitcoin exchange in China, Bitcoin China, announced that it would stop accepting new users and halt all transactions by September 30. The following evening, Firecoin and OKCoin also announced they would suspend user registration and RMB deposits, and would cease trading before the end of the month.
At this point, all three major Bitcoin exchanges in China had officially put their trading operations on hold.
Money laundering, smuggling, drug trafficking, and "selling coins" – as these dark terms began to surface, investors were left in panic, and it seemed as if Bitcoin had been sentenced to a death penalty.
But what about the underlying "blockchain" technology? Is it also being pushed into obscurity?
From the perspective of Baidu Index, blockchain appears to be gaining more attention than ever before.
Previously, I introduced what blockchain really is. Those who are interested can check out the article titled “Interesting Interpretation: What is the Ghost of the Blockchain?†However, what I want to discuss today is the current state and practical applications of blockchain technology.
Looking at the patent landscape, blockchain technology is being eagerly embraced across various industries, especially in finance. Many organizations and individuals are actively working on blockchain-related standards and application possibilities, constantly filing patents (as shown below). As of February 2017, there were 613 global blockchain patents, with 424 patent families.
However, it takes time for patent applications to be published, so the data presented here may not reflect the full picture. In reality, the number is much higher.
From a regional perspective, North America still holds a strong position in blockchain patent accumulation. Specifically, the United States and China are the leading countries in blockchain patent filings. About 75% of global blockchain patents are concentrated in these two nations. This suggests that the U.S. and China will remain key players in the blockchain space, representing a significant market with growing technological trends worth watching.
According to the report “Blockchain – The Subversion of the Banking Game Rules,†McKinsey has identified blockchain as the fifth major disruptive force, following steam engines, electricity, information technology, and the internet. It is now considered one of the core technologies with the greatest potential for transformation.
In summary, blockchain technology is still in its early stages, but its long-term impact could be profound.
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