The blockchain craze is sweeping in, is it a technological innovation or a speculative frenzy?

In this wave of blockchain enthusiasm, we have seen both established internet giants and emerging companies flocking to this field. A well-known investor has called on entrepreneurs in the investment group to fully engage in blockchain, attracting widespread attention. He had previously stated that the impact of blockchain cannot be overstated.

Some companies seize the opportunity to be the first to apply Blockchain technology to practical business. For example, a well-known internet company launched a small hardware device to expand CDN resources, encouraging users to contribute idle bandwidth resources to earn virtual digital asset rewards. This was originally a measure to reduce bandwidth costs, but unexpectedly it was hyped as the "Chinese version of Bitcoin." As a result, the company's stock price skyrocketed several times in a short period, and the secondary market price of its hardware device was also inflated to several times the official selling price.

Inspired by this, more companies are starting to lay out their plans in the blockchain field. The century-old company Kodak announced the issuance of a digital currency "KodakCoin", stating that this will help strengthen image copyright management. As soon as the news broke, Kodak's stock price surged by 119% on the same day. Some social media platforms also planned to issue their own tokens, but soon faced regulatory inquiries and had to halt their plans.

However, there are few companies that are truly attempting to implement blockchain technology that attract attention. Some tech giants are exploring the application of blockchain technology in areas such as food supply chains, proof of existence, finance, and healthcare. Well-known international IT companies like IBM, Oracle, and Microsoft are also actively establishing blockchain cloud services.

In fact, the threshold for Blockchain technology is not low, and there is still a long way to go before it can be truly applied to real-world scenarios. Even in the most suitable fields such as finance, agriculture, and food traceability, the exploration of Blockchain technology requires a considerable amount of time, and the profit prospects are still unclear. Currently, investment institutions mainly focus on the richness of application scenarios, making it difficult for single businesses to gain favor.

It is worth noting that the blockchain craze is evolving into a wealth game. Many people do not care about the technology itself, but see it as the cornerstone for becoming rich through digital currency. Some poorly managed companies take the opportunity to hype concept stocks, while major shareholders take the chance to reduce their holdings and cash out. This speculative atmosphere fills the entire industry with uncertainty.

Whether it is ordinary investors or companies, they should remain rational. Blockchain technology does have great potential, but there are also risks of bubble formation. Those who can truly benefit from it may be the companies that focus on technological research and development and take their work seriously. For most people, rather than blindly following the trend, it is better to observe the changes calmly and wait for the true maturity and implementation of the technology.