As the development of industry, imitation is inevitable, that is, so-called "counterfeiting". Since it can't be identified only from the appearance, therefore, customer will suffer losses even paying high for the counterfeit products. Traceability Chain is the enterprise that uses block chain to construct traceability anti-counterfeit system in order for avoiding this problem. In the block chain professional media "Coin Time", today, we will meet with today is Wang Pengfei, the founder of Traceability Chain.
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The block chain industry is hot in 2018 as the giant companies raising the stakes, occurrence of new funds and continuous entrepreneur launching in block chain.

From digital asset to smart contract, from authentication to supply chain management, the enterprises and capitals are actively embracing the diversification application prospect of block chain technology.

In the field of Internet finance, block chain and artificial intelligence, cloud computing, big data are parallel listed in the four revolutionary technologies, and many companies have proposed the "ABCD" Strategy formed with the first letter of above four technical technologies.

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On March 13, Traceability Chain, as the representative of Chinese block chain entrepreneurship project, attended the online video roadshow of South Korean encrypted digital currency service provide GUS, and communicated with the South Korean investors through the platforms such as Youtu. GUS currently possesses the South Korean biggest encrypted digital currency community, encrypted digital currency transaction platform providing transaction services for global users. GUS provides consultant services for the entrepreneurship projects of digital currency industry, and provides investment management services for the global encrypted digital currency investors. (Click the website below to read and watch video in YouTube)

In 2018, block chain becomes very hot suddenly.

In fact, as early as 2010, the concept of block chain had become a bit popular. However, due to the immature technology and poor market environment, block chain industry was flash in the pan. In recent years, with the continuous accumulation of block chain technology, the expansion of application fields, block chain is greeting the "Second spring" for development today.

The impact on the traditional industry from block chain this time is easily reminding of the Internet boom in the 1990s.

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"A lot of projects are looking for a hammer with a nail, and Traceability Chain is a project that takes a hammer to find nails, and the project has industrial experience may land more easily." --- Wang Pengfei, the founder of Traceability Chain
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                            (Wang Pengfei, the founder of Traceability Chain)

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Wang Pengfei agrees with the notions of “decentralization” and “multi-centralization”, believing that block chain can resolve most of trust issues, but can not immediately result in digital standardization. Meanwhile, block chain projects must exist within the legal limits of different entities, which not only provide the boundaries of compliance but also silently provide the “umbrella” for block chain projects. Without the attestation by the competent authorities, the ownership of numerous physical assets can not be ascertained.

From embarking on the internet of things in 2010 to touching bitcoin in 2015 and then to establishing a traceability system last year, Wang Pengfei and his team have been working together for eight years. When looking back at these eight years, he said, “half of us rested in peace in dirt and half of us flied in the wind, but we never left the field of anti-counterfeit traceability, neither will we in the future. We will try as long as there is any business appeal in this industry.”

The consortium block chain can constrain the right to view and quote data, making it easier to reach a consensus at a small scale some solutions are oriented towards a particular company and are highly customized, meaning private block chain is a desirable choice; when extensive consumer and user involvement is required, public block chain should be chosen whenever possible. According to Wang Pengfei, the traceability chain will not be constrained by a certain form of technology but consideration should be given from the perspective of market and implementation such that technology can create value only when commercialization matures and the ecosystem can effectively operate.

Block chain has started a boom at home and even around the world since the second half year of 2017. In the National People's Congress and the Chinese People's Political Consultative Conference held recently, block chain was once the focus of discussion. Not just enterprise tycoons, but professionals in the financial fields have expressed their recognition on block chain technology. For this hot tide, Wang Pengfei, the founder of Traceability Chain, expressed that it has shown that the prospect of block chain has been widely recognized. For practitioners struggling in the application of block chain, it's a boon.

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                                 Block chain global collection
                               |Block chain leads new finance|

Foreword:
[Zhou Xiaochuan, the President of the People's Bank of China, in the press conference of the first conference of the Thirteenth National People's Congress of People's Republic of China on March 9, when replying the reporter on the issues of block chain, ICO and virtual currency, pointed out "the indiscreet products should be stopped, and some promising products should be tested before promotion." Food traceability, as one of the best application scenarios for block chain, has recently been tested and verified by Wal-Mart, JD, Alibaba and Traceability Chain. Then, which opportunities and challenges of food traceability will face in the process of commercial promotion"?]


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There are various reasons behind the anti-counterfeiting traceability, but the most fundamental reason is the congenital restraint in the current centralized supervision mode. In the centralized supervision mode, no matter how the technology is developed, the core factor of people can't be escaped.

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In the evening on March 7, Zhu Xiaohu of GSR Ventures, frankly said that he visited a batch of block chain projects after the Spring Festival when publically answering the ten questions of Wang Feng, but when he finally talked about the business model, everyone of them said "coin issuance."......

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