Deconstructing Chainbase’s Secret Grand Plan: Reshaping the Future of Encrypted Data

Original title: “The Secret Chainbase Master Plan”

Introduction

Chainbase is an open Web3 data infrastructure for accessing, organizing, and analyzing on-chain data at scale. This article is reprinted on the Chainbase official website Blog, written by Mogu, a veteran hacker and founder of Chainbase, and compiled by BlockBeats. (To learn more, please read the original link)

In the past two years since he founded Chainbase, Mogu used the perspective of an entrepreneur in the encryption field to deconstruct the past, present, and future of Chainbase, and summarized its strategic planning and industry thinking.

The following is the original text

We believe that the future world will be on-chain, and every person and organization will rely on blockchain.

This belief stems from the unique nature of blockchain: it is a world computer that is accessible to everyone but owned by no one. More importantly, blockchain is the world’s first ever-expanding global data network that is public by default.

In the past, Internet data has been a closed and scarce resource, limited to access and utilization by organizations and specific individuals with data monopoly rights. However, blockchain technology breaks this limitation and provides a new value system based on public, shared and immutable data and infrastructure. This is not only a paradigm shift in data and computing, but also an expansion of the entire Internet.

With this technology, existing Internet-native protocol layers are continuously upgraded, allowing anyone around the world to directly build and exchange value. This change has unleashed a new trillion-dollar market and given the Internet unprecedented vitality and energy.

Review several media changes in information and data before and after computer science:

· On paper Inefficient, limited, and unsafe

· On disk What you care about will stay on the local disk

· On cloud What is centrally collected, controlled and used will be stored on the cloud.

· On chain Everything important to everyone will be put on the chain

Onchain is not just a technical term, it will be another form of Online. Next, data will become more democratic and exist at a greater scale, driven by AI.

This raises a challenge: How do we redesign encryption to build a truly open and sustainable data infrastructure? to accelerate human progress more broadly. This is Chainbase’s mission. We are committed to making encrypted data easy to use and effective, and continue to help the most creative people of this era realize their ideas.

To achieve this goal, the plan will be divided into four phases:

Phase 1: Build the open data platform

At this stage, we will build an open, fast, and stable data platform based on the real needs of industry users (mainly three categories: engineers, data scientists, and analysts), and implement the concept of openness into the design of the entire product , allowing people to maximize centralized access, processing, analysis and artificial intelligence on encrypted data.

This is our core business. We will work closely with our users to polish our products, and gain insights to improve our products, brand image, and industry influence by continuously expanding our user base. As for profit, this is not the key at this stage. Almost all new technologies will have high costs initially. Only after reaching the inflection point of scale effect will they gradually balance and establish corresponding barriers.

Phase 2: Build a trust-less, sustainable data model network

Openness, transparency, trustlessness, and sustainable operation are the core of the blockchain. We will apply this to the analysis, modeling and description system of the data set model. In this stage we will build a network of data models. As much as possible, standardize the data interpretation layer (from raw data to decoded contracts and abstract business layers) in the encryption field by using a set of protocol standards to maximize the richness and quality of the data set. As people join, the entire system operates at a faster speed, ultimately ensuring that the processes (knowledge) behind all data sets are open, transparent, composable, and not controlled by centralized will.

Phase 3: Build data-based, mass-market apps through investments or acquisitions

Data can only be truly valuable in specific application scenarios. Applications in the encryption field have been criticized for various reasons in the past. Therefore, at this stage, we will build a series of data value-driven applications and tools for the mass market through investment, acquisition or incubation. These applications will not only promote the iteration of the Chainbase platform and improve extensive use cases, but also bring more practical tools, entertainment and services to global users. The purpose is to greatly lower the application threshold and allow hundreds of millions of ordinary users to participate.

Phase 4: Driving 10 M people to build on blockchain for mass builds

In the final phase, our vision is to inspire creativity on a global scale and drive at least 10 million people to participate in building. Attracting not only developers, but also product managers, data scientists, and a variety of other professionals, such multidisciplinary collaboration will lead to unprecedented innovation.

These scenarios and fields may include but are not limited to: identity systems, computing storage, social networking, games, advertising, RWA, efficiency tools, etc.; think about these innovations, it is likely that the next Google, Twitter, Meta, Netflix, and Uber will appear Wait, we’re super excited about this! Because this means that in the future, their existence will allow Chainbase to directly or indirectly change the world and have a huge impact on mankind.

Conclusion

Like this industry, we are still in the early days, and the new data revolution has just begun. Ideally, we will need more than five years to go through these stages.

Furthermore, we are not just here to build a platform or solve a problem. Our goal is to activate a new creative ecosystem. Finally, if Chainbase is “successful” in a phased manner, it means that even developers who are new to the blockchain and even ordinary users who do not understand technology can easily use the data on the chain to make valuable innovations, and the use cases will be numerous. With tens of thousands coming, encryption will be everywhere. People no longer need to waste time reinventing the wheel, decrypting data, building systems, ensuring stable operation, etc. The world will become infinitely simpler!

Tl;DR

In short, our master plan is:

· Invent a product to solve the problem of using encrypted data

· Facilitate a network to unify this part of the data interpretation layer

· Use the money earned to improve products and participate in user-facing applications through investments or acquisitions

· Do all of the above while maintaining the spirit of encryption

Note: “Openness” is not only one of our core value propositions, but also our guide to action. That’s why we publish our “internal” strategic plans on the Internet without reservation.