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[Membership News] "8 Questions” Jack Lu: Building Global Blockchain Internet Is the Greatest Value of Wanchain

Time:2018-05-29 09:32:09

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 Jack Lu is the Founder of Wanchain, Founder of Wanglu Technology, and the Co-Founder of US Factom.At 9:30 in the morning, Jack Lu came to the office with a suitcase and was interviewed by Babbitt’s “8 Question” column. He would be rushed to the airport one hour later.

  The phrase "one day in the chain and one year in the world" is constantly confirmed by blockchain entrepreneurs. Jack Lu said frankly that there is almost nothing to talk about as a topic except for the work. His previous favorite tennis and Weiqi were abandoned after the start of business. “I am mainly based on the work pattern of almost 7*24 hours because it is not easy to have things done.” said Jack Lu.

  Jack Lu graduated from Peking University in 1992 with a major in enterprise management. He went to the Ohio State University in 1996 and received two master degrees in economics and computers from the university. In 2012, he began to contact the blockchain. In 2014, Austin, the capital of Texas, he and several friends in the United States jointly established Factom, which has a very large influence in the world, and Jack Lu chose to go back to China in 2016.

  Many ethnic Chinese people have the feeling of returning to China to start a business. Jack Lu said: " David Johnston, the founder of Factom, asked me why I returned home on a plane to China. At that time, a Chinese folk music was played on the plane and it really stirred my up, so I told David because of this (Chinese folk music)."



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  Before this, Jack Lu had repeatedly lectured in China. At that time, he discovered that China had many opportunities. The blockchain would be an opportunity for China to realize cornering overtaking, and the central bank would be prepared to issue digital currency. After being invited by the Beijing Investment Promotion Agency and other agencies, Jack Lu made detailed investigations in Hangzhou, Shanghai, and Beijing, and eventually located the Internet technology in Beijing, where he has lived for eight years.

  The positioning of Wanglu technology is to establish a world-class blockchain underlying technology platform (including public chain and alliance chain), and to finally turn to commercial applications. Jack Lu said: "The team began to do alliance chain research in 2016 and the Wanchain was made after the prototype was developed. Linking relatively independent and closed blockchain economies together to build a global blockchain Internet is Wanchain's greatest value."


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  The cross-chain difficulty has always been the problem that the industry wants to solve, and the technical challenges are very great. Different blockchains have different consensus mechanisms. For example, assets from this chain to another chain require unique technical methods. In this regard, Wanchain uses the security multi-party computing and threshold key sharing technology proposed by Yao Shizhi. By using a virtual lock account, any public chains in the world can be connected.

  The three core technologies of cross-linking, privacy protection and smart contracts are used to create the "Alibaba" version of brand in the new cross-chain digital economy, allowing different companies to develop applications on it. The ultimate goal is to create a global "blockchain Internet", to build a cross-chain technical standard in the industry, to cooperate with cross-chain enterprises and relevant government departments, and to roll out cross-link technology to the world, so that China will have a say in the formulation of new economic rules in the future.


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  The interviewer asked Jack Lu why must be the Wanchain to do this thing, instead of other companies. Jack Lu said that Wanchain has two distinct advantages in addition to being closely connected with the community.

  First, the core members of the team are coming from technological backgrounds, hence, there is no problem to be a world-class underlying technology platform.

  The second is the strong sharing of resources in the world. The Wanchain has large technical teams in the United States and Europe, and can quickly keep up with the world in the latest technological developments.

 

  From Factom to Wanglu Technology, from abroad to domestic, blockchain entrepreneur Jack Lu believes that the biggest difference between China and overseas is innovation and talent reserves in the blockchain industry. Jack Lu said that "the talent pool is the most important and the most significant difference between China and overseas."

 

  As the topic of blockchain continues to heat up, the bizarre "farce" related to the blockchain is also unfolding. From the Aunt in "Red Scarf" of the Macau Summit to the actor who played "Mao Yeye," in Boao Qionghai, we gradually stopped the conflicts and tries to unify together. However, we firmly believe that there are always some people in the blockchain industry choose to cultivate silently after looking up to the starry sky.

(Source: Babbitt Forum)

 

Beijing Blockchain Application Association

May 29, 2018