Ant Group Zhang Hui's speech at the Zhongguancun Forum: Industry Web3 is the future of blockchain supported by data

What is Industry Web3? How important are trust technologies such as blockchain for Web3's entry into the industry? On May 26th, at the Zhongguancun Forum held in Beijing, Zhang Hui, Chief Technology Officer of Ant Group's Digital Technology Business Group, first elaborated on the latest understanding of using trust technology to assist industry Web3.Industry Web3 is the future of blockchain that we see in industrial practice through digital assistance

What is Industry Web3? How important are trust technologies such as blockchain for Web3's entry into the industry? On May 26th, at the Zhongguancun Forum held in Beijing, Zhang Hui, Chief Technology Officer of Ant Group's Digital Technology Business Group, first elaborated on the latest understanding of using trust technology to assist industry Web3.

Industry Web3 is the future of blockchain that we see in industrial practice through digital assistance. "He pointed out that as society enters the era of comprehensive digital industry, trust technologies such as IoT, blockchain, and privacy computing will construct a brand new Web3 contract network. Under this network, the value of data and various digital assets will accelerate their circulation, and the collaboration efficiency of various industry participants will also be unprecedentedly improved.

In Zhang Hui's view, the core of Industrial Web3 needs to connect the flow of data, and the flow of data requires a digital technology guarantee system: for example, in the data generation process, the Internet of Things (IoT) can make the data source trustworthy; In the data circulation process, blockchain technology can confirm the ownership and storage of the circulating data, while privacy computing technology makes the data available and invisible in the circulation; In the process of data value mining, the combination of AI technology and scenarios can unleash huge potential of data.

Just last April, Ant Digital summarized this model as "Industrial Web3" for the first time at their developer conference. In the digital collaboration of the industry, all parties involved are both contributors and distributors of value. This value creation and distribution mechanism under contractual consensus is seen as the best embodiment of Web3 thinking.

It is understood that Ant Digital has been deeply involved in the industry of Web3 for nearly 8 years, continuously breaking through in trust technologies such as blockchain, privacy computing, and the Internet of Things, leading the industry. In the field of the Internet of Things, Ant Digital Industry has first developed chip modules to ensure the authenticity of data on the chain. Currently, they have been installed on over 8 million photovoltaic, battery, and engineering machinery devices, anchoring physical assets into trustworthy digital assets on the chain; In the field of blockchain, we have developed an independently controllable blockchain platform called Ant Chain, which can support large-scale commercial applications with 1 billion accounts and 1 billion daily transaction volumes; In the field of privacy computing, the earliest batch of technologies in China, such as multi-party secure computing and trusted execution environment, were deployed to promote the safe and efficient circulation of data elements.

In addition, artificial intelligence and Trusted Computing are also the technical fields that Ant Digital has been cultivating, and these technologies can further release the potential of data or digital assets. In the direction of decision based AI, ants mainly focus on areas such as risk control security, image recognition, and biometric recognition based on big data. In the direction of generative AI, focus on AIGC content generation in scenarios such as digital people and digital collectibles, and through AIGC capabilities, enable everyone to become creators. In terms of supporting large-scale data processing platforms, Ant Digital also launched the distributed Trusted Computing architecture SOFAStack to help customers safely and reliably upgrade their IT architecture to the cloud native distributed architecture. After 13 years of verification in the Double Eleven high concurrency high traffic scenario, the stability has reached 99.999%.

A month ago, Ant Digital Technology announced multiple Web3 technology achievements, including the open-source cross chain heterogeneous cross chain protocol AntChainBridge, the establishment of the Web3 open alliance chain in collaboration with multiple institutions, and the release of trusted baseband chips for new energy scenarios in collaboration with China Unicom Digital Technology and Unisplendor.

Zhang Hui said, "These key technological solutions for industrial Web3 can further open up the previously closed digital system, improve the liquidity of data and assets, and unleash the innovative possibilities of industrial collaboration." He summarized that standardized digital assets, service protocols, privacy protection, application programming, and trust scalability will be the five key technological elements for industrial Web3 to scale up, We will adhere to technological openness and look forward to working with partners from all walks of life to jointly build a new Web3 ecosystem for the industry

It is reported that Ant Technology has collaborated with over 300 cooperative enterprises and over 50000 technology developers to create over 80 industry solutions and serve over 10000 enterprises.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])