Guided by Ningbo Hangzhou Bay New District Development and Construction Management Committee and jointly sponsored by Sunac and Lenovo. “Linking the World, Creating the Future – Smart City of Ningbo Hangzhou Bay · Artificial Intelligence Summit Forum” was held in Hangzhou Bay, Ningbo by Zhejiang Province Blockchain Technology Application Association on September 8. Ultiledger founder Randolf Liang Ran and COO Tommy Xu attended the conference as special guests in the blockchain industry.
In the blockchain session, Tommy Xu shared the theme of “The revolution of the Self-financing and the Value of Blockchain Technology”.
The road to financial evolution
At the beginning of human civilization, the purchase of goods is mainly barter one thing for another. With the development of society, there have been intermediaries such as shell currency, metal currency, banknotes, electronic money, and banks of the financial intermediaries, which have greatly promoted the development of commercial society for a long time. However, with the advancement of the times and technology, human beings have entered a highly informational era. The financial industry, which should have been the lubricant of the real industry, has gradually separated from the entity, forming a idling, and the financial costs have eroded most of the entity’s profits.
In 2017, among the top 20 profits of listed companies in China, banks accounted for 11.
Self-financing
The peer to peer decentralized distributed storage and transaction system of the blockchain enables the “value Internet” achieving the free flow of value, reducing costs and improving efficiency. Blockchain technology can easily make any credit organization quickly and cost-effectively build a financial account and account system at the bank security level. The procurement, production and sales of an entity are themselves a closed loop, relying on information technology, and with the purpose of serving the industry and related industries to provide comprehensive financial information services such as payment settlement, investment, financing, etc. to enterprises and individuals with their own business associations like upstream and downstream enterprises, subsidiaries and branches, end consumers and their employees.
This is self-financing.
How to do self-financing
As the next generation of global self-financing blockchain protocol, Ultiledger provides a new function to achieve the “self-financing” for the self economy through the blockchain underlying technology empowerment and platform support, making “self-financing” a kind of general appropriate infrastructure, equal access to Internet technology and get the benefits of the technological progress in blockchain, achieving the application of financial technology, and thus enjoy the results of inclusive finance.
The revolution by Ultiledger is not only the empowerment of a company’s “self-financing” ability, but also a subversion of traditional direct finance, indirect finance, and self-financial model structure.
The third from left is Randolf Liang
After that, Ultiledger founder Randolf Liang attended the roundtable discussion and discussed with the other five guests on the “landing of blockchain industrialization”.
Randolf Liang said: The important factor determining the future prospects of the blockchain is the level of integration with the real economy industry. Technological innovation and financial innovation can only be fully realized if they are deeply integrated with the real economy, to promote the development of the real economy, effectively change the way of the industry, reduce the industrial cost, improve the industrial efficiency, and improve the industrial environment. In the future, the blockchain technology and the real economy industry will be deeply integrated to form a batch of “industrial blockchain” projects, which will become the application trend of blockchain technology.
Making technology and financial technology a universal tool, a force that contributes to the development of the economy and the creation of value, has always been the goal pursued by the Ultiledger team. Making the results of technological advancement to be the incremental tool for the creation of the self-economy’s value by the transformation and optimization of the Ultiledger platform. It would be the greatest value of the platform and also the embodiment of the team’s maximum value.