Newton FAQ
- What is blockchain? The difference from the Internet?
Blockchain is the next generation of Internet (the new name is mutual chain network).
Internet users are called netizens, and Internet users are called lianmin.
Internet retail is called e-business, Internet retail is called chain business.
Blockchain technology can be understood as a distributed database technology whose historical records cannot be tampered with.
Blockchain system is an information system built by the community through consensus sharing and sharing mode in the mutual chain network, which is not fully controlled by any individual or group.
To put it simply: the mutual chain network solves the problem of trust between people through technical means to realize the reliable transfer of wealth from point to point.
Internet solve information sharing, mutual chain network solve wealth sharing. -- qualitative and non-quantitative.
Internet liberates productivity, mutual chain net increases production relation.
- What do we want for blockchain?
The essence of e-commerce is a centralized and closed platform managed by profitable companies. Companies are built to make money. In order to constantly occupy the market, the company seeks super profits and realize monopoly, resulting in the dominating of the current e-commerce platform. So most consumers cut hands, and a few shareholders benefit.
The original intention of the Internet is free, e-commerce replace multi-level wholesale agents for netizens to cut the middle price. Now, free Internet users pay a high price (personal information is sold, Windows are full, inferior goods in front). Internet users have traded their privacy and data for convenience, but also contributed to the Internet giant's share price red flag. As a result, producers suffer and fakes proliferate.
Data is the oil of the 21st century.
What problem does the Newton project solve? Is it profitable?
Newton established a new economic model through smart contracts and chain merchants, creating a community economy led by non-profit foundations instead of a traditional economy managed by closed for-profit companies. Newton held the historic mission of "everyone should benefit from economic growth". Newton was committed to the Shared vision of "community economic infrastructure". Compared with traditional commerce, community economy has no commercial intermediary, and transaction costs are greatly reduced.
The first project of Newton chain merchant retail profit control is 8-10%, urges the producer not malicious competition price, returns to the normal production industry.
How can I make profits?
Individuals register Newton users and receive the digital currency NEW award by contributing to the Newton platform. Meaningful activities such as promotion, shopping consumption, feedback, and product Suggestions will be rewarded. Commonly known as: shopping that is mining.
For example, the online retail platform NewMall, which goes online at the end of 2018, provides consumers with incentives to exchange NEW currency on the exchange. Users own their own data and prevent personal information leakage. Newton is sponsored by non-profit organizations, NewMall will not retain any platform fees as profits, and will motivate participants in various ways in the form of NEW.What is the advantage of Newton compared with today's convenient taobao Tokyo?
As a producer, platform royalty is cheaper than traditional e-commerce platforms. Fees fell from 20-25% to 8-10%.
As consumers, platform profits are Shared. The consumer's data rights have since been returned to the consumer. In the past, the producer used to buy Internet user data from the e-commerce platform, but changed to buy directly from the consumer through smart contracts. The right to return data proceeds to consumers.
What was the crowd that Newton served?
Online shopping service is the netizens, the chain service is chain people.
What is the scope of Newton's business?
In a narrow sense, all economic activities need to be mediated. Newton was the infrastructure of the community economy, and it was very widely used.
Newton planned the application scenarios such as chain store retail, supply chain, agriculture, public welfare, game and self finance, and served the real economy.
In a broad sense, Newton served the community economy, Newton was the infrastructure of the community economy, and Newton built the community of human communities.
- What will the blockchain change?
Blockchain changes the social organization structure, cooperation mode and incentive mechanism to the greatest extent, which has little influence on producers like apple and xiaomi. The sectors where blockchain is easiest to transform are those driven by giant commercial intermediaries. For example, alibaba, didi, Airbnb and major bank insurance.
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