Background
Since Satoshi Nakamoto put forth the concept of BitCoin in 2009, encrypted digital assets based on blockchain technology have developed rapidly, estimated to reach a total market value of USD 200 billion by the end of 2017. The blockchain is not merely a technological innovation – its core underlying concepts of decentralisation, disintermediation, and trustless transactions reveal the possibility of building entirely new economic models. From computer geeks to corporations and governments, more and more organisations are carrying out research about, and attempting to implement, blockchain technology. In the fields of value empowerment and transfer, due to the factors of openness, transparency, and traceability, blockchain technology has already shown its clear and significant advantages. Ultimately, it is predicted that blockchain technology will enable us to realise digitalisation of all assets, and allow full control of personal wealth.
Current situation
The key features of centralisation are possession and monopoly, which makes traditional economic models unable to adapt to asset digitalisation. This impedes the flow of resources within the industry. As a technology-oriented emerging industry, basic infrastructure is lacking, industry norms and common technical knowledge have yet to be established, and technical friction is high, making the industry unfriendly to outsiders and impeding the inflow of external funds.
Vision
The Foundation’s vision is to create a new set of digital asset infrastructure based on agreed-upon protocols, which is able to create a shared economy ecosystem which achieves consensus with every co-builder in the digital asset ecosystem, to co-create an equal and open blockchain data platform, for each and every user to list its digital asset, and which will be better suited for the blockchain industry. The Foundation aims to create “win-win” situations in the projects which it undertakes. At the same time, on the basis of agreed-upon protocols, the Foundation will focus on asset digitalisation infrastructure, providing information, purchasing solutions, transaction, and liquidity solutions for users. This will make it simpler for outside funds to enter the blockchain industry, creating a sustainable win-win blockchain ecosystem.
To achieve the vision stated above, the Foundation has planned to set up a complete set of solutions, including the creation of technologically supported infrastructure and economically-drive eco-model. Chapter 2 will focus on infrastructure creation and Chapter 3 will discuss the eco-model.
