Measure Tencent’s blockchain moat 6 years after building the layout

“Just like the electricity consumption in the industrial age, the future’chain usage’ may be combined with’cloud usage’ and become an important indicator of the economy and society in the digital age.” In 2020, Ma Huateng wrote in the book “Industrial Blockchain” In the preface, “Blockchain embraces the industrial Internet in an all-round way” mentioned: Today’s blockchain is expected to surpass Bitcoin , stay away from fanatical hype, and start from the bottom of the valley and begin to climb the long slope of the industrial Internet.

In 2008, Satoshi Nakamoto released the first white paper of Bitcoin, and the concept of blockchain was born. From a technical point of view, blockchain is known as the second revolution of the Internet because of its characteristics of openness and transparency of data, resistance to tampering, and easy traceability.

In 2010, Satoshi Nakamoto was gone, but the blockchain world was still lively. Nowadays, as the underlying structure and logic of the digital world, from various currencies to NTF, to the current explosive meta-universe world, it is inseparable from the technical support of the blockchain.

Putting aside all kinds of concepts that attract people’s attention, the blockchain, which integrates a number of technological innovations and is applied to one body, has gradually penetrated from digital virtual currency to all walks of life in society, including e-government, finance, ports, and food safety. Applications in many fields have brought innovation.

This also makes the blockchain more and more important . For the government, how to apply the blockchain to the digital age is one of the key directions for discussion; for many Internet companies, the blockchain is also an important weight for turning to To B.

Tencent is one of the builders of the blockchain landscape in recent years. In the past few years, based on Tencent’s patents in the blockchain field, its application scenarios include supply chain finance, fund settlement, electronic bills, anti-counterfeiting traceability, charity, medical care, judicial deposits, and cities on the chain.

Today, this territory is constantly deepening. On November 4th, at the 2021 Tencent Digital Ecology Conference with the theme of “Integration of Digital and Reality·Blooming New Machines”, Tencent Cloud Blockchain announced a new strategic upgrade to create a new Tencent Cloud Blockchain product matrix based on Chang’an Chain . This upgrade released three products: Tencent Cloud Blockchain Service Platform TBaaS-Chang’an Chain, Tencent Cloud Blockchain Distributed Identity Service TDID, Zhixin Chain Element Commodity Agreement- not only “cloud-chain integration” boosting the industry Another case of upgrading is yet another embodiment of the value of “building trust” in the blockchain.

From zero construction to scenes blooming everywhere

Tencent’s layout in the blockchain started from scratch, and it was also the first Internet company to deploy blockchain among the three BAT.

At the end of 2015, among domestic technology and Internet companies, the concept of blockchain was not very popular. At the end of the year, Tencent initiated a project after investigating hotspots at home and abroad, and began to conduct pre-research and industry analysis on blockchain technology.

In February 2016, Tencent Cloud formed a joint blockchain project team, and the blockchain project was officially approved. The technical talents of the team are basically transformed internally by Tencent. First, set up a research and development team, confirm the technical route, and build from scratch.

On May 31 of that year, Tencent Cloud, together with WeBank, Ping An Technology and more than 20 financial institutions and technology companies, jointly initiated the establishment of the Financial Blockchain Cooperation Alliance (“Golden Chain Alliance”), which was the first domestic attempt to explore, Research, develop and implement a financial alliance blockchain suitable for financial institutions.

In the Spring Festival of 2017, WeChat users contributed 14.2 billion WeChat red envelopes. At the same time, Tencent’s blockchain technology has already landed in the first commercial application scenario-Micro Gold; in December, based on blockchain technology, a blockchain was built for Aixin Life Insurance Company The one-stop service platform for insurance claims has become the first blockchain application benchmark in the domestic insurance industry.

For Tencent’s blockchain layout, there was another major event in December 2017: the blockchain infrastructure platform TBaaS (Blockchain as a Service) built by it was officially launched for blockchain developers to use-Baas by Blockchain and cloud computing are closely integrated, and building blockchain technology on the cloud can help companies build their own IT infrastructure and blockchain services without the need to build their own infrastructure. Tencent, Alibaba, and Baidu can build Bass platforms because they have their own cloud foundation.

However, although Tencent has always attached great importance to the blockchain, it “did it but did not say it to the outside world”. It was not until January 2018 that Ma Huateng talked about the blockchain publicly in the Moments of Friends for the first time.

In 2018, with the improvement of the underlying technology of the blockchain, not only Internet technology giants represented by BAT, Huawei, Ping An, Xunlei, JD, etc. are actively deploying the underlying open platform of the blockchain , but also Ethereum , EOS, NEO and Quantum The intervention of overseas main chains such as the chain has created the most intense year of public chain competition.

That is, in 2018, Tencent’s blockchain is based on its focus on supply chain financial solutions, and it has landed in many scenarios such as blockchain electronic invoices, public welfare, supply chain finance, games, medical care, and electronic deposit certificates. “stage.

In April of that year, Tencent realized the country’s first “out-of-hospital prescription circulation” service in Liuzhou, Guangxi. Prescriptions were issued in the hospital and drugs purchased outside the hospital-using blockchain technology to ensure that prescriptions were not tampered with. This is the first attempt of Tencent’s blockchain to land in the medical scene. In the same month, Tencent also released the first AR mobile game based on Tencent’s blockchain technology-“Catch the Monsters Together”.

Measure Tencent's blockchain moat 6 years after building the layout

In October 2018, the Shenzhen Taxation Bureau and Tencent jointly issued the country’s first blockchain electronic invoice at the Shenzhen International Trade Revolving Restaurant, which was posted on Weibo’s hot search. This heralds that my country’s tax service has officially opened the era of blockchain.

In November, the Shenzhen blockchain electronic invoicing platform was extended to the financial and retail areas, and China Merchants Bank and Wal-Mart successively connected to the system; in December, the WeChat payment merchant platform launched the blockchain electronic invoice function, allowing merchants to receive payment at zero cost. Into the system.

Since then, Tencent’s blockchain scene has further expanded rapidly. In March 2019, the country’s first rail transit blockchain electronic invoice was issued at Futian Station of Shenzhen Metro. In the same month, Tencent Cloud’s blockchain landed in the Smart Agriculture Platform Project in the Guangdong-Hong Kong-Macao Greater Bay Area, and built an agricultural product blockchain traceability management platform for the Guangdong Agricultural Leading Enterprise Yuewang Group.

Measure Tencent's blockchain moat 6 years after building the layout

In August, Tencent Cloud’s blockchain “Zhixin Chain” certificate deposit service platform was launched. In October, based on the Tencent Cloud Blockchain TBaaS platform, Guangdong Province launched the first blockchain financial electronic bill. Nowadays, blockchain electronic bills are used in Beijing, Chongqing, Fuzhou, Qingdao, Hainan and other provinces, cities and regions, and the scope of application is Covering medical, education, transportation, charity and other fields, it has accumulated more than 200 million users.

From 2020 to 2021, the “Zhixin Chain” will also be implemented in multiple scenarios: including the “Light Up Mogao Grottoes” function launched by Tencent and Dunhuang Research Institute in the WeChat applet of “Traveling Dunhuang”, and for the Shenzhen Intermediate Court, The Qianhai Court of Shenzhen has created a solution for the rapid determination of financial cases in the “Trust Cloud Trial”, and provided online credit electronic deposit products for China Construction Bank, etc.

At the same time, the “Zhixin Chain” has moved from the industrial Internet to be closely related to everyone: in 2020, it will help Penguin to protect 53 million original works; and it will access Tencent games, and the chain will deposit the illegal operation data of the game users.

BAT layout focuses on different

In January 2021, Tencent Cloud and 27 member units including Beijing Microchip Research Institute, State Grid, China Construction Bank, and People’s Bank of China Digital Currency Research Institute jointly initiated the establishment of the Chang’an Chain Ecological Alliance to jointly create my country’s first autonomous and controllable The blockchain software technology system “Changan Chain”, as of November, the Changan Chain 2.1 version has been released.

In September of this year, Tencent Cloud’s blockchain service platform TBaaS was upgraded again, incorporating Changan Chain as one of the underlying engines, providing enterprise customers and developers with the ability to visually assemble and control the Changan Chain. Tencent Cloud has also officially become the first cloud vendor to support Changan Chain.

In general, Tencent’s strategy in blockchain continues its idea of ​​being a “connector” in the Internet. Through 6 years of development, it has built a full range of blockchains from the underlying engine to the To B industry and To C applications. Stack operation capability.

The layout of Tencent, Ali and Baidu on the blockchain is very different.

Alibaba entered the blockchain in 2016, and it was mainly undertaken by Ant Financial and Alibaba Cloud: Ant Chain under Ant Financial provides research and development of the underlying technology, and Alibaba Cloud provides services for enterprises in the form of the Baas platform. Among them, AntChain is the main undertaker of Alibaba’s blockchain strategy, and most of its blockchain applications are based on AntChain.

However, Alibaba’s exploration on the blockchain is inseparable from the two business bases of e-commerce and payment, and it has blossomed at multiple points, focusing on e-commerce retail, mutual insurance, data management, consumer finance and other fields to build The “trust framework for food” is the most widely used in life scenes.

In addition, Ant Group also launched a blockchain server-a hardware and software integrated machine. Hardware equipment is currently a business that Tencent Baidu does not have.

Baidu also started testing the blockchain as early as the end of 2015. In August 2017, Baidu Finance, together with Changan Xinsheng and Tianfeng Securities, issued the first on-site ABS using blockchain technology and issued it on the Shanghai Stock Exchange. In February 2018, the Baidu Finance team also launched the virtual digital asset project “Litzdog”. In addition, Baidu has also established a blockchain technology company “Du Chain” and released the blockchain brand Xuper for the first time in 2019.

Measure Tencent's blockchain moat 6 years after building the layout

What Baidu attaches the most importance to is the application of finance, especially the ABS project. Generally speaking, although Baidu has a layout on the public chain, alliance chain, and BaaS platform, it is weaker than Tencent and Ali in terms of scene implementation.

In the application scenarios of blockchain, the focus of BAT is different, which is based on the different attributes of the enterprise itself. However, as a leading domestic Internet technology company, BAT also has many similarities in the layout of the blockchain, the most obvious of which are the following two points:

1. I have never touched ICO or digital currency, but focused on applying blockchain to the company’s business. At the same time, they also strengthened the research and development investment in the underlying technology, promoted the innovation of the supply chain, and solved the trust problem. BAT has many business cases. Findable.

2. Financial services are all landing scenarios that BAT cannot avoid. At the same time, more To B businesses are being paid more and more attention. This is because the blockchain has a natural To B gene in the industrial field.

Build a moat with patents

Nowadays, blockchain is already in full swing in China.

Relevant data shows that there will be 1958 blockchain projects nationwide in 2020, 40 blockchain industrial parks have been built, the number of blockchain-related companies reached 64,996, and the blockchain market size reached 3.243 billion yuan. It can be seen that as blockchain is included in the category of “new infrastructure”, blockchain companies have evolved from small-scale application exploration to large-scale application practice.

It is worth mentioning that, in addition to application scenarios, patent applications have always been a relatively important dimension of investigation to reflect the development of technology industries such as blockchain.

Compared with other Internet fields, because Satoshi Nakamoto, who created “Bitcoin”, has disappeared, blockchain-related patent applications have become relatively complicated. Some people in the industry said that the application and technology of an open source project wants to finally obtain Patents require more innovation and breakthroughs.

The most direct manifestation is that the patent review cycle has become longer. For example, Bank of America once applied for a blockchain patent for its own development of different virtual currency conversion technologies. It submitted the application in 2014 and was only approved in 2017.

Measure Tencent's blockchain moat 6 years after building the layout

Data from the “White Paper on Blockchain Innovation and Development” shows that since 2015, nearly 7,800 companies from 47 countries and regions around the world have participated in blockchain patent applications, a total of 54,900 pieces, and the five countries with the largest number of patent applications are China, the United States, South Korea, Japan, and the United Kingdom. Among them, China is currently the country with the largest number of blockchain patent applications, and nearly 60% of related patent applications worldwide come from Chinese companies.

From the perspective of industry distribution, my country’s blockchain patents cover more than 40 industries such as smart finance, medical health, energy, smart transportation, smart cars, and telecommunications. Among them, high-quality patents are mainly distributed in three fields: smart finance, medical health and energy.

According to Liu Quan, the dean of CCID Blockchain Research Institute, patent application status is an important characteristic of the degree of activity in the industry. “For the blockchain industry, it is helpful for the promotion and application of enterprise inventions and creations, and promotes the rapid development of national science and technology.”

Although from the perspective of the proportion of high-quality patents, there is still a certain gap between China and the United States , companies such as Tencent, Ali, Baidu, etc., both in the number and quality of blockchain patents, are in the forefront, even ahead of IBM, nCHain, etc. European and American blockchain companies.

Taking Tencent as an example, it has applied for blockchain-related patents for the first time since 2016, and has shown an explosive growth since 2019. The number of patent applications in the current year was 1,227, which was 6 times the number of patent applications in the previous year.

Measure Tencent's blockchain moat 6 years after building the layout

According to the latest data from Guozhi Patent Early Warning Consulting Co., Ltd., as of October 28, 2021, Tencent’s blockchain-related patent applications have exceeded 3464, and the number of authorized patents has exceeded 1,290, ranking first in the industry. Baidu ranked second with 2786 applications and only 151 authorizations; Ali ranked third with 2344 applications and 874 authorizations far exceeding Baidu.

From the perspective of application categories, most enterprise application categories are in the three international classification numbers G06F, G06Q, and H04L. That is to say, the application fields are mainly concentrated in the two basic blockchain technologies of data processing and data communication, as well as finance, Core application scenarios of blockchain such as encryption and government affairs.

Measure Tencent's blockchain moat 6 years after building the layout

TOP10 enterprise blockchain technology breakdown chart

At the same time, BAT has also accumulated more in the international classification of G06K data recognition. In addition, Tencent has also expanded the application of blockchain technology to games and other scenarios, and Baidu has also further extended the application of blockchain to image processing and other scenarios. It can be seen that the application of blockchain technology by BAT head companies is broader.

” At the moment when intellectual property has become one of the important competitiveness of national development, blockchain-related patents play a role as a moat. ” Some insiders believe that this is also whether major blockchain companies can apply in more scenarios. Landing and embodying the foundation of “trust value”.

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