Author | Qin Xiaofeng
State Internet Information Office
March 30,State Internet Information OfficePublicly released the first batch of 197 blockchain information service names and filing numbers.
Odaily's investigation found that Wuxi Jingtong Network Technology Co., Ltd. (referred to as "Jingtong Technology") has applied for registration of "blockchain underlying technology services" in the "Network Information Office" filing list. In addition, in the entire list, there are only two companies involved in the filing of the underlying technology, and Jingtong Technology is one of them.
(Filing list)
existexistAmong them, Jingtong Technology claims that "the characteristics of Jingtong blockchain can be simply summarized as: Jingtong = Ripple + Ethereum". What exactly is Jingtong’s scientific and technological capabilities, and where does its confidence come from?
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the first batch of pioneers
Jingtong Technology is one of the earliest blockchain companies in China engaged in research on the underlying technology of the blockchain.
In 2011, Sha Zhou (the founder of Jingtong) set up a blockchain research and development team in Silicon Valley, USA, to engage in the research of the underlying technology of the blockchain; in 2013, he developed and completed the RBFT (Random Byzantine Fault Tolerant) consensus algorithm with completely independent intellectual property rights. Founded Jingtong Technology (Silicon Valley); in 2014, Jingtong Technology was incorporated in Wuxi, China, and officially launched the underlying technology platform that can support commercial applications.
At the beginning of its establishment, Jingtong Technology was positioned as a blockchain technology provider (this filing), but currently Jingtong is positioned as a blockchain trusted ecological builder."Our positioning is related to our own development. The initial positioning is a blockchain technology provider, but a pure technology provider cannot serve entities well, so we have changed our service model since 2017 and started to provide The construction technology of trusted ecology." CTO of Jingtong Technology CompanyYang Jianxin
What is a Credible Ecosystem Builder? Simply put, Jingtong Technology provides users with a decentralized platform. On this platform, every enterprise and merchant connected to the Jingtong system can manage users and trade various assets; in addition, the platform also allows developers to develop commercial projects and smart contracts.
official websiteofficial website
In 2018, Jingtong Technology deployed 2C on-chain projects such as Zhiliantong, Bookmark Shopping, Chainplus IoT and Lianhe Cloud, and developed sub-ecological chains. The sub-ecological chain integrates ERC721 and IPFS technology, which can realize chain issuance without currency, and carry out information storage, traceability and circulation on the chain; at the same time, the sub-ecological chain can form an independent sub-ecological system, which can independently choose to separate from the parent chain or remain independent It is also possible to switch between different parent chains to achieve compatibility.
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Jingtong chainJingtong Blockchain
("Jingtong Chain" for short) is the most representative product of Jingtong Technology. It is also a public chain like Ethereum that appeared at the same time.
Different from the decentralization claimed by general public chains, the decentralized platform provided by Jingtong Chain is not completely decentralized.
"We are effectively decentralized, not completely decentralized. We propose a solution to solve the problem of centralization, not decentralization for the sake of decentralization." Yang Jianxin said.
(Odaily Note: The so-called effective decentralization is the balance between centralization and decentralization. The basic idea of "effective decentralization" is: how to avoid the reliability brought by centralization while maintaining high efficiency. sexual inadequacy.)
In addition, Jingtong Chain is also different from general public chains. What it wants to build is a blockchain trust stack that can carry different business logics instead of a single function.The underlying system of Jingtong Chain is designed according to the layered architecture of the trust stack.trust stack
It is divided into 5 layers, from the network layer, block layer, data layer, value layer and contract layer, to realize the business scenarios of different layers of the blockchain. Specifically designed as:
The first level: the blockchain is integrated into big data collection and sharing as a pure technology. By using blockchain as a unified data structure and interface for distributed storage, the interconnection and sharing of key and important data can be realized at a relatively low cost, breaking data islands to a certain extent, and forming a multi-party trusted data chain.
The second level: connect the blockchain as a data source to the big data analysis platform. Using the data saved in the blockchain as a data source for big data analysis, supplementing accurate key data for big data analysis, and using the anonymous nature of the blockchain to ensure data privacy to a certain extent, can provide key points for the development of big data. s help.
The third level: use data as an asset to trade in the blockchain network. Considering big data as a kind of smart asset, the blockchain can provide functions including asset registration, transaction, matching, settlement, etc., and promote data openness and application development from the benefit mechanism.
The fourth level: Blockchain, as the infrastructure of the Internet of Everything, supports the full life cycle of big data.
Fifth level: Blockchain smart contracts and big data promote social co-governance.
The main application scenarios of Jingtong Chain are exchange services, credit traceability, supply chain finance, etc. At present, the applications and products that have been launched on the Jingtong Chain are as follows:
Jingtong wallet, through access channels such as WEB/APP, it is convenient and quick to participate in and use the Jingtong public chain;
Jingtong Bazaar, using the underlying technology of Jingtong blockchain, realizes the interconnection and commodity purchase of customers on the chain in the mall, and builds a transaction closed loop from point issuance, circulation, transaction, e-commerce, and exit;
Spark Chain, a paid question-and-answer community based on blockchain technology;
Cong Wallet, the main blue-collar credit small loan platform;
digital rights platform;
Commodity anti-counterfeiting traceability.
Jingtong = Ripple + Ethereum?
existexistJingtong Blockchain White Paper
Among them, Jingtong Technology claims that "the characteristics of Jingtong blockchain can be simply summarized as: Jingtong = Ripple + Ethereum".
Jingtong Technology explained:
Jingtong has the functions of Ripple's exchange and exchange services for the financial industry and bank customs, and can issue independent tokens (Tokens), called user tokens (user tokens); at the same time, it also has the smart contract function of Ethereum, allowing users to issue tokens similar to Ethereum Square ERC 20 Token.
Jingtong is more adaptable than Ripple. In addition to legal currency, it can also access various smart assets;
Jingtong smart contract is more optimized than Ethereum: Ethereum adopts a synchronous call method, and if the number of smart contracts is too large, the consensus mechanism will collapse. Jingtong's smart contract is an asynchronous calling method, and the consensus and smart contract execution are completed independently of each other, ensuring that there is no upper limit to the number of concurrent smart contracts;
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postscript
according to
according toSecurities DailySecurities DailyAccording to news, in 2015, Jingtong Technology began to commercialize, and undertook the construction of HNA Group's commercial applications based on blockchain technology to realize the interconnection of assets between platforms;(NASDAQ: CNET) reached a cooperation to develop blockchain applications; in July 2018, Jingtong Technology and Donggang (002117.SZ) jointly established electronic billsBlockchain Lab。
Currently, Jingtong Technology’s domesticteamteam
