As one of the new infrastructure technologies, blockchain is regarded as the underlying technology of the next generation Internet. The application of blockchain technology has brought significant innovation opportunities, one of which is business model innovation.

Blockchain brings scale collaboration and open innovation

From platform economy to social economy, the problem of scale cooperation needs blockchain solutions. The distributed information architecture leads to the change of business model. The innovation of blockchain affects the value delivery mode of enterprise business model, as well as the supply and cost of business model. The core business value of blockchain lies in group wisdom( swarm intelligence). The ICT revolution has given many people around the world cheap and powerful computing power. In this way, the tangible capital carrier that can be used for creation and production can be more widely distributed to the whole society. In particular, personal value is further demonstrated.

 The reduction of trust cost brought by blockchain and the connection of multiple stakeholders form an ecological business model. Therefore, blockchain is suitable for solving large-scale cooperation problems. The industrial opportunities of blockchain technology for small and medium-sized enterprises also lie in anything that can be completed only through multi-party participation and large-scale cooperation, which can be solved through open innovation in the way of blockchain.

Large scale collaboration and open innovation make the ecological business model take stakeholders as the main body, replacing the separate relationship between traditional companies, employees and customers. Customer relationship has also changed from one-way output of products from enterprises to customers to flat point-to-point customer relationship( peerto peer, P2P)Network relationships, information flows and value flows freely between such networks. Customers are not only consumers of products and services, but also investors, creators and sharers of products and services, which has stimulated great group cohesion, formed group wisdom, and promoted the innovation and development of enterprises.

        Blockchain brings agile governance

While supporting large-scale collaboration and open innovation, blockchain also provides a framework for agile governance. Agility is reflected in convenient deployment in technology, reduced friction in system management, and easy adjustment in equity distribution and architecture. Smart contract is an important technical component of blockchain network. Blockchain allows the system to generate greater agility and power distribution through smart contract. Smart contracts are self executing computer programs that execute agreements between the parties without human intervention. The popularity of smart contract technology in blockchain makes automation the most significant change in cooperation efficiency between organizations. Blockchain can enable multiple parties to directly interact with each other without the intervention of a third party.

Smart contract automates most of the transaction process, so that contract commitments can be executed without human intervention. In the blockchain network, an ecological network composed of multiple parties with overall transparency can be formed according to consensus, and the transaction history on each node of the blockchain can be permanently recorded. In the blockchain network, people can access the records of each transaction they make, thus building a relationship of mutual trust. In addition, the blockchain network uses the public key and private key mechanisms to record. People can choose to remain anonymous to protect their privacy and enable third parties to verify their identity.

 The form of blockchain based distributed peer-to-peer network helps to improve the overall social efficiency. Traditional business activities need to reach a trust relationship through multiple intermediaries. For example, the traditional company listing needs to intervene in many institutions such as securities companies, law firms and accounting firms to complete the relationship between the issuer and the public. Trust is no longer placed on individual individuals or companies, but distributed among participants in the whole network. Through the form of decentralized peer-to-peer network, business efficiency and even social efficiency will be greatly improved. As shown in the figure, the total social production represented by the yellow part is greater than that represented by the red part.

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In the scenario of scale collaboration and agile governance, it is inseparable from the support of computing power, but what is computing power? We usually think that if two processors have the same power, if one processor can run a specific program, the other processor must be able to run the program, and the two processors produce the same results, they have the same computing power. Theoretically, the change of trust mode brought about by blockchain is that it has similar computing power by connecting multiple participants. This makes the relationship between various subjects more equal in the business model, and also makes the technical model flatten the relationship between individuals and organizations.

The information value brought by computing power management mainly comes from the innovation of the new computing paradigm, which integrates the functions of information storage, communication and computing with hardware as the carrier. The blockchain is jointly maintained by all nodes with accounting function in the system. The damage or loss of any node will not affect the operation of the whole system and has the value of collective maintenance. The core of management is that the blockchain can realize information synchronization without central support. At the same time, in order to enable all stakeholders to obtain the ledger information of the database, the blockchain produces inevitable data storage redundancy. No matter how much performance is optimized on the chain, this redundancy is inevitable. The innovative significance of blockchain lies in the formalization and disclosure of information for the computing process.

The value of computing power management is to support the construction of the value chain of trusted data. The value creation of future data does not stop at flow realization, but the display of data value. The computing power system constructs the basis of data life cycle management, making the data from the data production end to the blockchain credible. On the basis of reliable data, blockchain can be combined with other digital technologies to expand to more business scenarios, such as artificial intelligence, Internet of things, cloud computing, edge computing, etc. At the same time, some technical features, such as privacy computing and federated computing, also enable the trusted exchange of data on the premise of privacy protection. Trusted data also provides the basis for the further development of artificial intelligence. Under the existing system, artificial intelligence based on machine learning needs a lot of data to train the model. Learning based on historical data makes itself closer to human cognition and judgment, and then has a certain predictability. When the data is not trusted, a lot of labor costs will be incurred to process the data. On the contrary, when the data is credible, the cost of training artificial intelligence algorithm will be reduced, and the available effective data will be further increased. The realization of data and traffic is also a huge difference in business philosophy between the Internet and blockchain.

Blockchain provides a paradigm of computing power management, which helps to confirm the right of customer data, reasonably and legally collect and use customer information, so as to provide personalized services and enhance customer stickiness. This will also help small and medium-sized enterprises to enhance brand value. The key to a brand is whether it can be trusted. Trust its quality, principles, price, service, etc. after a long period of positive accumulation, these contents will make the brand obtain higher loyalty. The workload proof mechanism represented by bitcoin solves the certainty of data time dimension, that is, the blockchain network uses a certain amount of computing resources to confirm multiple transaction sequences in the ledger in the form of time stamps through computing power. Combined with the support of the distributed architecture, the blockchain confirms the right of the time and space dimensions of data, which stimulates the value of data, which is also the process of trust creation. When the output value of data is greater than the input value of data, the economic value of data can be reflected.

At the same time, computing power has also brought severe challenges. The aggravation of computing power gap has also become the main reason why blockchain is difficult to commercialize on a large scale. Computational power monopoly has become the current reality, but with the continuous extension of the value of data, the data empowerment of the system to individuals also increases. At the same time, individuals are more willing to show their value in the network. When each of us has a certain amount of considerable computing power, we will become more and more active for our ability to exert our strength in the social life dominated by the digital economy, and this spirit of ownership is the basis of the entrepreneurial spirit needed to stimulate new wealth creation in the digital economy era.

Characteristics of ULAM public chain

1.ULAM Consensus can achieve super fragmented nodes (any smart phone, watch and other smart devices can participate)



2.Complete Decentralization: ULAM The public chain can bear more than one million nodes.



3.It will never produce the concentration of computing power like bitcoin. We use probability for reclamation.



4.49%Malicious node fault tolerance (the maximum fault tolerance rate of all consensus algorithms at present).



5.TPS Up to 10000+，Confirmation time 5 s，No bifurcation.



6.Provable security consensus protocol; (supported by mathematical papers) at the same time, we are also conducting research on anti quantum attack. 






ULAM Probability reclamation is adopted, and the reclamation probability is determined according to the lucky value of the node, which does not need to be carried out hash Value calculation. Each node will have different random numbers according to the size of the lucky number. The greater the lucky value of the node, the more random numbers it has, and the higher the probability of being selected as the accounting node every time it comes out of the block. ULAM The algorithm is similar to the lottery method. The greater the lucky value, the greater the random number, and the greater the chance of winning. For example, if Alice If the lucky number is 3, there will be 3 random numbers, such as 1, 3 and 4 Bob If the lucky number is 5, there will be 5 corresponding random numbers, such as 1, 2, 5, 7 and 8. When the block is out, a random number will be calculated according to the previous information on the chain, such as 5 Bob If you have the right to keep accounts, you will be rewarded for reclamation.