Industrial and Commercial Times Society
Facebook announced that it will launch the most ambitious technology and financial experiments in history in 2020 -Libra (LIBRA).According to the Libra Book of Facial Book, the ultimate goal of Libra Coins is to hope to achieve inclusive finance and economic empowerment through the Internet, so that everyone can enjoy high -quality and cheap financial services.
Libra coins are the same as other cryptocurrencies, and they are developed from the development of bases in blockchain technology.Compared with the familiar Bitcoin, Ethereum and Litecoin, the biggest feature of Libram is the same as that it is the same as that of governments issued by governments. They all have physical assets (such as bank deposits, value securities, etc.) to support monetary value.With the succession of cryptocurrencies, it also made people look back at a fundamental question: What is currency?
Generally speaking, when a certain object (whether it is entity or virtual) is considered currency, the object itself has four functions: trading medium, valuation standards, value storage and extension of payment, and the core element of the four functions istrust.In other words, as long as people are willing to believe that they can believe that they can fully play the four functions in theory, they can be called currency.
Facebook sacrifice will be provided as a demand for the preparation of Libra currency for distribution, and announced that a basket of currency is used as a exchange price with various countries.It can reduce people's doubts about the connotation value of cryptocurrencies. At the same time, it is priced at the comprehensive exchange rate to ensure the price stability of the Libra currency, which can increase people's coin -owned causes.When Bitcoin came out in 2009, only a few people believed that it had future value. As the governments, enterprises, and investors from more and more countries were willing to accept Bitcoin's payment function, it inspired its market price to rise sharply.However, because Bitcoin lacks physical asset support, it is difficult to achieve value storage function.In 2018, the global inflation rate was less than 3%, but the price of Bitcoin fell 74%. Therefore, instead of calling Bitcoin as currency, it may be more suitable to call it investment goods.
After the Libra currency plan was exposed, it triggered the sensitive nerves of governments in various countries and worried that whether Libra Coin would impact on currency sovereignty and financial supervision. In Europe and the United States, Europe and the United States have recently reported that they will step up the supervision of the Libra Coin plan.In an exclusive interview with the Facebook co -founder, Chris pointed out in an exclusive interview with the Financial Times that Libra Coins will be quite attractive to emerging markets. When the people of emerging markets began to abandon their northern traits and hold a large number of Libra coins, they will threaten the control of emerging market countries to control and controlMonetary supply, stable exchange rate, and even the ability to implement capital control; for developed countries, Libra Coins may also affect the financial stability of the developed countries.
Compared with the strict treatline of governments, the market is more optimistic about the Libra currency plan.The Fitch of the International Credit Institution is optimistic about the future potential of Libra Coins, and the Wall Street Journal further pointed out that when the number of exchanges in Libra will increase, it will be brought into a huge cash area for facebooks.A considerable investment income.In fact, in addition to the possible asset returns of the Library Plan to Facing Books, another attractive potential business opportunity is to promote cross -domain alliances through smart contracts.
Blockchain technology has two main functions: cryptocurrencies and smart contracts.Cryptocurrencies are combined with cryptographic technology, so that digital currencies can safely carry out transactions and verify asset transfer; smart contracts are automatically executed transactions through digital agreements to achieve decentralization purposes, so that suppliers and potential of goods and services can be potential and potential.Consumers independently match.According to the authority of blockchain participants, the blockchain can be divided into three types: open type, private type and alliance type.The open -type blockchain shows many open source software to show everyone on the network. The most famous application is Bitcoin; the private blockchain is mostly used in the organization, in order to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes, such as to meet specific purposes. For example,Provide back -end settlement services for financial operators; alliance blockchain is between the open type and the private blockchain. Only the members of the members of the alliance can promote the accelerated operation of different enterprises through the alliance blockchain, reducing members of members and reducing membership membersThe administrative processes and verification costs are accelerated.
At present, the Libra Coin Plan is based on the alliance blockchain as the main architecture to develop in advance, and it is expected that the use of 5 years to transition to an open blockchain.According to the Libra White Paper, the founding members of Libra Coins across the payment industry, technology and trading platforms, telecommunications industry, blockchain industry, venture capital, non -profit organizations and academic institutions, and continue to expand.
The Municipal Corporation IDC pointed out that in 2018, the expenditure budget of global companies introduced blockchain technology was about 1.5 billion US dollars, and it is expected to grow to $ 11.7 billion in 2022.In the future, blockchain applications will spread all over the fields of logistics, e -commerce, media, financial insurance, and energy management.As indicators such as facialbooks begin to invest, it is expected to accelerate the development and application of blockchain technology.However, there are still four major bottlenecks in the current stage of blockchain technology that need to be overcome, including how to effectively handle large -scale transactions (scalability), how to protect commercial secrets with user identity identification (asset security), and how to connect different blockchain (how to connect different blockchain (Heterogeneous collaboration), as well as the power demand (energy consumption) required for blockchain.
It can be expected that Facebook has the advantage of the niche advantage of more than 2 billion users worldwide. It is indeed a very good opportunity to successfully construct a highly integrated cross -domain platform.The Libra Coin plan seems to be far away, but it is in front of it.Driven by Moore's Law, the development process of emerging business models and technology applications will continue to exceed people’s linear imagination. Industrial competitors often appear cross -domain.Opportunities and challenges.
