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 Welcome everyone to the “Blockchain Talk” series hosted by Lu Xinzhi. Recently, amid the high temperatures of early autumn, the price of Bitcoin has also seen a rebound, and the cryptocurrency market has shown some signs of recovery…
Although the entire blockchain industry has recently become a bit quieter, with less arguing and less sensational headlines and jokes, public sentiment is still closely related to cryptocurrencies. In other words, within the industry, it is still matters related to cryptocurrencies that dominate the main discussions about blockchain. In fact, this is an unhealthy phenomenon, because within a blockchain, coins are merely one part of what constitutes it.  In terms of practical applications of technology, blockchain may not yet have achieved immediate or significant results. Many projects simply seem too large and abstract. They may be led by a group of highly skilled experts with impressive educational backgrounds, but the projects they work on still lack a tangible connection to people’s everyday lives.
In theory, blockchain is most suitable for applications in areas that inherently involve data and documents, such as finance, publishing, and legal evidence. At present, progress is being made in these areas, but there is still no so-called “killer app” that has gained widespread recognition upon its introduction. 
Initially, we thought that the application of blockchain technology in the financial sector could potentially lead to breakthroughs. However, given the current regulatory environment and prevailing trends in the financial industry, it seems highly unlikely that such breakthroughs will occur in the short term. On the other hand, in terms of publishing, there may be some experimental efforts using blockchain technology, and we are paying close attention to these developments.
For example, recently people have proposed the idea of tokens or blockchain applications that represent non-financial assets. For example, there’s a project that also issues its own currency, offers points, and uses tokens, but these have no connection to any form of equity. It’s not even an ICO, and it doesn’t even promise any dividends. It’s simply a utility token, not an equity token.  Actually, there aren’t particularly many such application-specific coins available yet. But as we discussed in previous episodes, whether it’s Gas or RAM, these assets have real-world use cases. They don’t require any financial attributes, nor do they need to promise dividends or buybacks; they simply possess their own intrinsic value.
Because it is closely related to the lives of ordinary people. Even someone who doesn’t understand blockchain, tokens, or cryptocurrency can still benefit from using it – either by reducing transaction costs or by shortening transaction times and increasing efficiency. This direction of blockchain applications is truly worthy of recognition. Many friends in China are also trying it out and have identified some such projects. True blockchain technology must be useful; it must be able to demonstrate its practical value to everyone. So in 2018, blockchain, after going through its 1.0 Bitcoin and 2.0 Token era, gradually moved on to the 3.0 Application era. It is set to embrace a more efficient and valuable path forward, and we might as well watch with interest to see what happens. In the future, this section will not only share content related to cryptocurrency investments but also continuously provide analysis of the stock market and various practical insights into wealth management. Additionally, in September, Lu Xinzhi, the host of this column, will organize a three-day offline investment seminar in Shanghai, which will also be promoted through this column's WeChat official account: New insights into finance, technology, and innovation will be shared through a series of interactive sessions. Stay tuned for more! More insights into new investment strategies Long-press the QR code to follow ▼  I will guide you step by step on how to achieve an international presence Choose the most suitable variety to maximize your profits  Welcome everyone to continue following Lu Xinzhi’s series of new media initiatives. Leave us a message and share your thoughts on today’s topics related to making money, spending money, employment, and business! Contact us We welcome everyone to share their thoughts and questions within the Finance and Economics News media ecosystem； We also welcome companies from various industries to engage in in-depth discussions and cooperation with us ； We welcome young people interested in these topics to join us. For business cooperation or franchise opportunities, please add us on WeChat: Luxinzhion. To join the financial news reader group or obtain permission to reproduce this article, please add WeChat: sq3121。 Check out all the great content you’ve missed so far
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