Ordinary certificate economy behind blockchain

The cosmic economy behind the blockchain can help us realize the future productism.

First of all, the blockchain can achieve supply-side structural reform.

The reason for the supply-side structural reform is that in the concept of traditional economics, the "troika" that drives demand is consumption, export and investment respectively. However, the overcapacity, high debt and large inventory in the property market have led to little effect of relying solely on demand to stimulate the economy.

Just like a cake-making enterprise, in order to increase sales, it produces a large number of homogeneous cakes, but consumers are reluctant to buy such cakes.

The supply-side reform is a change from winning by quantity to winning by quality, that is, enterprises produce many different kinds of cakes to meet different needs, and consumers will naturally buy cakes according to their own preferences.

In a healthy pass ecosystem, the supply of pass is market-oriented and liberalized, and pass running on the blockchain is verifiable, traceable and exchangeable at any time, which means that it has high security, credibility and reliability.

Therefore, the era of general certificate economy can meet diversified trading needs, promote the further development of self-commerce, provide consumers with more diversified product choices, and thus stimulate economic growth.

Second, the circulation of personal passes has accelerated.

According to irving fisher's theory, in the era of real economy, the speed of money circulation is closely related to the economic growth rate. When the economy grows at a high speed, the speed of currency circulation is accelerated. In the era of Internet economy, network traffic has also become an important indicator to measure the development degree of countries and regions.

In the future era of general certificate economy, the circulation speed of general certificate will also become an index to measure the level of economic development.

The reason is that cards with blockchain technology will flow faster than cards, points, bills and assets in the real economy and even the Internet economy era, and with the application of cryptographic technology, transactions in the card economy era will be more reliable, which further reduces the possibility of disputes and frictions and significantly improves economic efficiency. When the certificates of individuals, organizations and even countries circulate and trade rapidly, people's production and lifestyle will be more convenient and efficient.

Third, the price discovery mechanism of GCS is more acute.

Compared with the traditional economic era, the pass circulating in the blockchain makes the price discovery mechanism of the pass more acute. Using the "invisible hand" of the general certificate economy, the effective market can be extended to every micro-field.

Fourthly, the application of general certificate economy will focus on smart contracts.

The application of smart contract around general certificate is the landing point of general certificate economy and the innovation point of general certificate economy. The future era of general certificate economy may be like the present era of "internet plus", and "general certificate economy+"will create infinite possibilities.

Based on these four points, the key to guide the new economy of the next generation Internet is the universal certificate element. Generalized economic governance under the background of blockchain can make social governance more perfect, and its efficiency, multidimensional and universality can be reflected. Private parties in the transaction can be as open as possible, and the problem of adverse selection can be well avoided. The general certificate economy provides technical support for truly moving towards productism.