The Blockchain community has witnessed rapid development in the past few years. Firstly it emerged as a secured decentralized P2P transfer mechanism and Satoshi’s Bitcoin proved the concept of decentralized crypto-currency. Ethereum then contributed to the community with successful implementation of versatile “Smart Contracts” and it unleashed great potential of Blockchain into numerous applications and industries.

However, this is only the dawn of Blockchain, as the boundary between the Blockchain Community and the business world has yet to be broken. We are at a turning point that the next phase of Blockchain will lead the integration between Blockchain and the physical business world, and inevitably bring in much more solid digital assets.

However, this is only the dawn of Blockchain, as the boundary between the Blockchain Community and the business world has yet to be broken. We are at a turning point that the next phase of Blockchain will lead the integration between Blockchain and the physical business world, and inevitably bring in much more solid digital assets.

Business scenarios vary in objectives and requirements and there are two examples to illustrate the differences. First, industries have different commercial requirements. For example, supply chain systems and trading platforms need fast confirmation, while medical and IP systems apt for a stable and secure network. Second, every industry evolves rapidly. Their requirement of the Blockchain system should also evolve to fit into the ever-changing environment. Therefore, an ideal Blockchain has to possess the following qualities: