With the development of blockchain technology, the value of industrial blockchain empowering various industries has become increasingly prominent. The development of blockchain is a process of moving closer from ideal to reality, from the consumer level to the industrial level. The industrial blockchain carries the function of a trusted data network and solves the problem that traditional central databases cannot generate trust between enterprises.
So how does blockchain combine with the physical industry? Below we will take you to understand how blockchain is combined with the physical industry.
First, the issue of digitalization and access to the Internet
For example, blockchain can confirm rights, store certificates, and trace back, but these are all based on the fact that the business system itself has been digitized. If you already have data, you can perform fission through the network, and then you can bring out the value of the blockchain.
Second, business model
You need to judge whether the industry you are engaged in is suitable for transformation through blockchain. In the absence of blockchain, does this industry have pain points and urgent problems that need to be solved? If these problems can be solved better by blockchain, the business model will be successful.
Third, conceptual issues
In addition to its technical characteristics, blockchain is more of a thinking mode and a concept. Blockchain empowers the real economy and requires a change in the way entrepreneurs think.
In summary, the process of promoting blockchain-enabled entities also requires strong support from national policies and innovative governance provided by the state for the development of the blockchain industry. The environment, including supporting industrial policies and financial policies, including some innovative experimental zones and laboratories like Xiongan, and the formation of a series of innovation incubation spaces like blockchain, innovation experimental parks, etc. in local governments are very important.
