Founder Tan Bin: Appearance Chain - the carrier of smart business

Since the lock-up investment started on July 27, the Yanshi Chain ICO project SWT area on the first-mover platform Jingtong Technology ICOTIME quickly completed the fundraising target and ended, and the Yanshi Chain official also triggered a buying frenzy. This is not only the recognition of Yanshi Chain by the majority of users, but also the successful exploration of the "blockchain technology + actual industry" model created by Yanshi Chain.

This is a small step for the beauty chain, but it is a big step for the development of blockchain-integrated industry and real economy.

On July 31, at the sub-forum of the Shanghai Fenzhi Blockchain Summit, Tan Bin, founder of Yanzhi Chain, delivered a speech on the industrial scalability of blockchain as a guest. He also elaborated on topics such as the development of blockchain in the traditional financial field, how to view the development of virtual currency mines, and how blockchain technology can be combined with the development of the real economy.

On the previous day, the Yanzhi Chain Global ICO Briefing and Shanghai Community Establishment Inauguration Ceremony was successfully concluded at the Shanghai Himalayas Hotel. The meeting was attended by many industry leaders including Yanzhi Chain founder Tan Bin, Yanzhi Chain technology investor Li Yuan, Yanzhi Chain investor Professor Wang Binsheng, Yanzhi Chain technology investor Xu Wei, Yanzhi Chain investor Zhang Haihui, Yanzhi Chain industry investor Kong Xianghui, etc. They not only gave speeches and expressed their optimism about the prospects of Yanzhi Chain, but also expressed their full support through practical actions.

At the event, founder Tan Bin delivered a keynote speech titled "Appearance Chain - the Carrier of Smart Business" and had a Q&A session with the attendees. The content of the speech is as follows:

Let me start by explaining two necessary prerequisites for smart business :

1. Put core business on the blockchain.

2. Intelligent automation of core business decision-making must be intelligent and go beyond providing reference for human brain decision-making.

Historical background : The agricultural age is the age of experience, the industrial age is the age of knowledge, and the Internet and data age is the age of creativity. Economist Zhou Qiren summed it up very well: the inheritance and revival of civilization is to gradually regain respect for people. People should not do repetitive work, but should do more creative work. This idea has been passed down from generation to generation and has led the development of human civilization to this day.

Even in today's situation, the dividends of the past two or three rounds of technological progress have basically been released. From the earliest PC Internet, to mobile Internet, to cloud computing, to the most basic data intelligence, a group of leading companies with a market value of hundreds of billions of dollars have emerged, which are the so-called large platforms.

Industries of different sizes, such as large home furnishing industries, education industries, tourism industries, and various small industries, actually have huge opportunities in industrial Internet. The beauty chain can be regarded as industrial Internet in the early stage.

The development and progress of technology have continuously liberated people from simple repetitive physical and mental labor, and people are living more and more like human beings. Will the future be dominated by giant companies like BAT, Google, and Amazon, or will it be like Kevin Kelly said that the truly leading companies in the next 30 years may not have been born yet? Which view is more likely to be the future world?

We are in a particularly interesting and subtle period of time, a technical window period when the second wave is the strongest and the third wave has just started.

How do we understand this? The huge dividends of the development of the PC and mobile Internet, as well as the embryonic form of data intelligence brought about by cloud computing and big data, have resulted in seven of the top ten companies in the world being leading Internet companies.

As the wheel of history moves to today, blockchain has given us an opportunity to compete with several major platforms driven by the previous wave of technology. Blockchain drives the world to migrate from the information Internet (economy) to the value Internet (economy). We have reached the transition node from data digitization to asset digitization. By screening and mining the value of the real economy, releasing the liquidity of the real economy is the core mission of the value Internet. As the world's first public chain serving the real economy, Yanzhi Chain takes the beauty and health industry as the entry point, leading the era and leading everyone into the door of the value Internet (economy).

Cognitive Revolution : The biggest challenge for blockchain and ICO is the challenge of migrating from the information Internet to the value Internet - cognition. This is first and foremost a cognitive revolution!

Future business? — Intelligent business has already arrived in some parts.

For example, today we use the products of the information Internet such as Google or Taobao. As long as you search for any information or product on them, similar information or products will be pushed to you more accurately. This is achieved through cloud computing, not manual operation of the platform.

How incredible it would be if this process transmitted not only information or products (strictly speaking, product information), but value itself!

The foundation of smart business? —Community has existed since ancient times. Today, with the Internet, its scope and significance have become even greater, and it has already arrived in some areas.

The community is like a village. Don’t forget your own village or the community you are living in, even if it is a villa area. The core here is that the community has found a theoretical basis in game theory - transforming the harm to others in a single game into the community joint autonomy of multiple games. Let’s take the tangible community as an example: when you buy things in a small shop near the train station, you basically get bad service and products and ridiculous prices, because it is a one-time deal. The other party doesn’t expect you to come again, and you basically won’t come again. But in the community store at the doorstep, she expects you to come again, and expects you to spread to maintain and develop herself. Some people will say that there are still many information and products that I may only need once in my life, but the other party doesn’t expect me to come again. That’s right, so let’s take a look at online virtual reality. For example, a beautiful woman who is so perfect that she just needs a breast augmentation implant, how can she ensure her own safety and other rights in the game with the store? If this business is online, the single game has been transformed into multiple games. Because from a global perspective, there are many consumers with the same needs. In this way, our lives will be better and easier under the co-construction and supervision of the global community.

Imagine again, if the whole process is not just the transmission and feedback of information (not just likes and comments), but the transmission and feedback of value (expressing opinions directly with money), what a wonderful world it would be!

If the achievement of smart business is the achievement of a value Internet system, then the point of smart business - ICO, must now propose a comparison of the smart business model of point, line, surface and body:

The point of smart business ——ICO

The power source of intelligent business traffic, information flow, capital flow, wisdom flow, talent flow and even logistics flow all start and flow back from here. The introduction effect caused by the coin-throwing and coin-issuing action based on blockchain immediately realizes the integration of multiple flows. Of course, the current ICO is still in its early stages, and it only realizes the digital packaging and distribution of assets, which is not smart enough. It requires a large amount of abstract human thinking and decision-making paths into an algorithm to achieve it!

Smart Business Line ——Supporting Services of ICO Platform and Trading Platform

Although ICO itself is still in its early stages, many people who want to issue ICOs today cannot do so. Basically, those who know how to do it are busy issuing it for themselves. Therefore, it is too early and the dividends are too big for no one to come out to provide services. Even if there are intermediary services, the service fees are unacceptable to traditional thinking. From the perspective of investment and financing costs alone, it will take time for this "line" to take shape. The same can be said for the supporting trading platforms.

The face of smart business - ICO platform, trading platform

Noodles provide soil, possibilities and opportunities for points, which are easily accessible to everyone and will not be expanded. Noodles are just today's "noodles", a product that is necessary to meet the current human cognition and participation, and soon she will be replaced by wallets!

The body of smart business - the value chain

The so-called core business on-chain means that assets (all valuable people and things are called assets) are registered on the beauty chain. In terms of the early understanding and promotion of the beauty chain, it means talents on the chain, institutions on the chain, and consumption on the chain. Why is it a body? Because in principle it provides the broadest soil. Those who can be ICOed and those who are not qualified for ICO, successful or failed ICOs are all on it. You can refer to Ethereum for this point, and once it is combined with a wallet, it can do everything!

At the regulatory level: future regulation must be - community regulation.

The era of community-based business organizations has arrived!

We have reached a critical point for companies and communities. Companies have played a huge role in promoting the great development and prosperity of business in history. In particular, joint-stock limited liability companies have greatly released the vitality of the company as a business organization. People will not hesitate before or be unable to recover after the company's bankruptcy due to unlimited liability.

However, many times success will be caused by the same reason!

The corporate form of business organization is becoming increasingly unsuitable for the upcoming development of the distributed community form of business organization.

Just like many financial institutions today no longer adapt to the development of this era, finance is the blood of the country. The original intention of the country to bleed financial institutions is to require smooth blood circulation to drive the development of industry . In fact, many financial intermediaries have failed this trust and expectation. Most of them are very arrogant, and their investment efficiency is extremely low (many people do not understand the industry at all, let alone the success rate. The product of these two is the basic data of blood waste. If this effect is magnified to the industry, these unreliable people and teams will use capital to organize human and material resources to stir up the society again, which is a huge waste of social resources!

The "company" organizational form is a new species of smart business that cannot be supported and satisfied by the distributed accounting network and community organizational form .

The information Internet has enabled advertising to be internet-based (Google) and product sales to be internet-based (Taobao), but little has been done in terms of branding to be internet-based.

The value internet can allow information and value (products and brands) to arrive simultaneously. The entire feedback process is the core of smart business - the community helps projects to verify Vision and Action back and forth, which will quickly verify the feasibility of the business model. Projects without basic business opportunities will soon not even have a chance to start. To be more precise, individuals, organizations and projects who want to muddle through will not have the opportunity to waste financial blood and social resources!

Yanzhi Chain is based on the beauty and health industry. First, the beauty and health industry is the world's third largest industry after real estate and automobiles, and its scale is large enough; second, the industry has many pain points and needs to be solved urgently, and the times are calling; third, the scale of the largest participant in the industry is less than 2% of the total scale , and the resistance to reform is small, and the leading opportunities are fast; the most important thing is that I have been deeply involved in the industry for 7 years, and have accumulated considerable resources in the industry. I can quickly mobilize resources to realize the chain of talents, institutions, and consumption, and can realize the network synergy effect in the fastest and largest scale to consolidate the soil of smart business. Smart decision-making in smart business needs to abstract the learning, memory and decision-making process of blockchain participants to achieve.

The intelligent business of Yanzhi Chain truly realizes C2B, returning business to its essence, allowing the C-end to truly feedback the necessity and possibility of a business behavior, and ultimately making intelligent decisions on whether a business behavior should occur. This will greatly improve the efficiency of social operations, reduce the friction cost between finance and entities, allow the whole society to participate in wealth creation and distribution, and achieve common prosperity for the whole society!

The future has come, and we have no choice but to participate in it; it advances at a rapid pace, and time waits for no one. You and I both have a chance!