On March 2, the "Golden Era of Computing Power --- Computing Power Jingwei Cloud Summit" officially opened.
Guo Xiaoguo, founder of Juntong Capital, shared a keynote speech on "Seeing the Future Digital Economy, Computing Power is Productivity" at the conference. Guo Xiaoguo pointed out that IPFS will change the way humans use data. What IPFS wants to PK is http. Now is the era of data explosion. http cannot meet people's requirements for data use. The technical advantages of IPFS can make data permanent storage, which is not only safe, but also has a price advantage. This will become a new technological revolution. The current website and APP can be redeveloped based on IPFS technology, and there are significant opportunities for development and investment.
The summit was co-organized by Odaily and RRMine, and gathered half of the mining industry, including mining machine manufacturers, mine farms, mining pools, and miners, to discuss the beauty of computing power.
The following is the full text of Guo Xiaoguo’s speech, edited by Odaily, please enjoy～
Dear viewers and friends in front of the screen, good afternoon. First of all, I would like to thank 36Kr and RRMine for the invitation, which gave me such an opportunity to discuss the digital economy with you, and now we officially start.
2020 is destined to become the most memorable year in the history of digital economy development. The world is moving towards a digital economy, and the epidemic has also become a catalyst for the digital economy. Relying on the well-developed mobile Internet, logistics and express delivery network, our country allows ordinary people to meet various living and learning needs without leaving home, which can be said to be leading the world. The epidemic has tested our digital economy, and the digital economy has also taken advantage of the momentum and achieved extraordinary development. What is the contribution of the digital economy to the total economic output? Next let's take a look at the data.
The data from the National Bureau of Statistics and the China Academy of Information and Communications Technology are definitely the most authoritative. You can take a look at my PPT, which is the white paper data released by the China Academy of Information and Communications Technology in 2020. The proportion of my country's digital economy in GDP is almost comparable to that of developed countries. The digital economy has become an important pillar of my country's economy and employment. According to the data in the white paper, the added value of my country's digital economy reached 35.8 trillion yuan in 2019, accounting for 36.2% of GDP. The data for 2020 is not yet available, but I guess it will definitely exceed 40 trillion, reaching more than one-third of GDP. It can be seen from the data that the future of the digital economy will become the confidence and strength of competition between countries.
In October 2016, at the meeting of the Political Bureau of the CPC Central Committee, it was emphasized that the promotion of economic development by the digital economy should be accelerated. The report of the Nineteenth National Congress also emphasized that it is necessary to develop the digital economy, boost the digital transformation of the real economy and traditional industries, and seize this new opportunity. In April last year, 5G, artificial intelligence, blockchain and data centers were included in the new infrastructure. The new infrastructure is the foundation and the soil of the digital economy, and the digital economy must grow on the soil of the new infrastructure.
Mr. Huang Qifan once compared the new infrastructure to the fourth industrial revolution. I agree with this point. Every industrial revolution is a huge improvement and innovation of productivity, and it also greatly promotes the progress of the world. Today, the development of history has reached a critical period. Recall the first industrial revolution, which was still in the era of steam engines. At that time, we were in the complacency of closing the country and missed it; The War of Resistance Against Japan and the War of Liberation were missed again; the third time was the computer age of the information superhighway, our country just caught up with the reform and opening up, so we just caught up, but we just followed behind; the fourth industrial revolution is In today's digital age, we have not only kept up, but may also lead the world. For example, in the field of mobile payment, we are at the forefront of the world. Friends who have been to the United States, the United Kingdom and other western developed countries have experience. Their payment methods are mainly card and cash, which is very inconvenient. Our country’s scan code payment It has spread to rural and remote areas, and old men and old ladies have learned it. Therefore, the popularization of the digital economy has really brought a lot of convenience.
Behind the digital economy is the ability to process data, that is, computing power. Computing power is not a new thing. The earliest human beings processed data can be traced back to the primitive society. Later, the Chinese ancestors invented the abacus, which was the earliest tool for data processing. Based on computing power, an era of computing power in which everything is connected is accelerating. The future is the era of the Internet of Everything that interacts between machines and between humans and machines, and massive amounts of data are generated every day. IDC predicts that by 2025, the global data scale will reach 175 ZB, and China will reach 48.6 ZB, accounting for one-third of the world.
ZB is an astronomical data unit. At the end of last year, Baidu Cloud Disk announced its storage data. The total stored data volume exceeds 100 billion GB. 175 ZB is equal to 1750 Baidu Cloud Disks. Therefore, many cloud storage companies and data will be needed in the future Center to meet the storage needs of the market. I don’t know if you have heard of Moore’s Law, which means that the data generated globally will double every 18 months. In fact, this is no longer applicable. The new Moore’s Law is that the data generated every 18 months is the past time Generates the sum of the data. The explosion of data volume has become inevitable.
What are the important components of computing power in the digital economy era? Can be divided into several aspects. The first is hardware, consisting of chips, servers, computers, and various terminal devices; the second is software, consisting of algorithms, supercomputing systems, cloud computing, etc.; the third is data storage centers; the fourth is 5G transmission speed. In these four areas, there are many opportunities for development and wealth.
In the blockchain industry, how to mine gold and create wealth by holding computing power? My conclusion is that computing power is productivity, and productivity is the ability of human beings to create new wealth. In the blockchain industry, computing power is equal to wealth, and holding BTC computing power can obtain BTC dividends. The recent high point of BTC has risen to about 58,000 US dollars, and now it has retreated slightly, but judging from the attitude of large institutions to enter the market, it can be said that there is a lot of room for imagination in the future.
Grayscale’s parent company DCG is one of the institutions that entered Filecoin in 2017. Currently, Grayscale funds hold about 650,000 bitcoins; BlackRock, the largest investment asset management giant in the United States, has also recently begun to set foot in the Bitcoin field; There is also a big news recently. Tesla bought 1.5 billion US dollars and entered the market with a high profile; the largest cryptocurrency exchange in the United States, Coinbase, was listed and was recognized by the US SEC. Its listing can be said to be an opening for the entire industry. Opening a door has a great boost to the entire market.
Next we look at a very influential policy. The Fourth Plenary Session of the Nineteenth Central Committee emphasized the need to use data as a new factor of production. Factors of production were originally a basic category in economics, referring to various social resources needed to create wealth. The factors of production in the agricultural era were labor and land, and the factors of production in the industrial age were capital and technology. Now, data will be the key to the new era. factor of production. So how can data be used to create wealth?
When it comes to data, we have to talk about the recently born new technology - IPFS, the birth of IPFS will change the way humans use data. For new infrastructure, our country needs to build many data centers, but this is something that only large organizations can do, and it is difficult for ordinary people to enter this field. Filecoin makes the establishment of data centers very simple. As long as they realize it, ordinary people can easily earn dividends.
Our current Internet has been used for more than 20 years. Many people have not paid attention to the "http" in front of "www" when surfing the Internet, let alone understand its meaning. What IPFS needs to PK is http. Now is the era of data explosion , http cannot meet people's requirements for data usage. The technical advantages of IPFS allow data to be stored permanently, will not be stolen, is safe and has a price advantage. I think this is a new technological revolution. The current website and APP can be redeveloped based on IPFS technology, and there are major development opportunities in it.
Filecoin is a distributed storage network based on IPFS technology. Users only need to contribute storage space to get FIL rewards. There is such a sentence on the official website of Filecoin - "The time has come for mining", so mining is the safest way for ordinary people to grasp digital wealth.
Let's summarize the above sharing. Throughout history, every industrial-level large-scale infrastructure construction will bring trillion-level market opportunities in 5-10 years, without exception. The new infrastructure is the fourth industrial revolution. In essence, it is about computing power, and computing power is productivity.
Here, I sincerely hope that everyone can grasp this new ability to create wealth and change their wealth achievements.
That concludes today's sharing, thank you all for listening.
