Huang Ligong is fine, he is just tired, he just wants to find a small restaurant, sit down with Liu Ruiyang and Zhang Wenfeng, drink and chat. After chatting for a while, he remembered the uneasiness that had lingered in his heart before, and asked Zhang Wenfeng, "You told me that the financial industry will be turned upside down, what is it?" ”

"Fintech Finance. The Internet will completely disrupt the traditional financial industry within a decade. In fact, to be precise, it is the financial industry that takes the initiative to use the Internet to completely subvert itself. ”

"How do I remember that the financial industry embraced the internet very early? I have used e-banking and online business for a long time, at least much faster than our manufacturing industry. Huang Ligong was a little puzzled, isn't it just a new round of beautiful stories in the capital circle?

"Mockery is mockery, and Wall Street is full of the smartest people in the world. Throw a random brick and hit ten people, nine doctors of physics. Don't underestimate them, and don't underestimate their ability to understand innovation. In fact, as soon as a new technology or idea comes out, the next day there will be a discussion in the Wall Street office about how to use it. And they have the money, they are bold, they will really use it. Military and financial have always been the first users of high and new technology. Zhang Wenfeng said this, his tone was low and focused. There is a special cable between Chicago and New York, which was built by the Wall Street gang, and spent hundreds of millions of dollars to build more than 1,000 kilometers of fiber optic cables to chisel through the Appalachian Mountains, just to avoid detours, and directly connect the two data centers of the Chicago Board of Chicago and the New York Stock Exchange. In the end, the order transmission speed was shortened by 3 milliseconds, 300 million US dollars, and it was only 3 thousandths of a second. Another company is even more outrageous, spending more than $10 million to buy a vacant lot opposite the Chicago Stock Exchange, just to build a signal station, to increase the transmission speed by 0.07 milliseconds, 7/100,000 seconds! They're big fools, and they're top-notch at storytelling, but when they smell blood, they're much faster than sharks. ”

"What did they smell blood this time?"

"It's what you experienced the last time you entered the country. Don't you also say that's the future? ”

"Face recognition?"

Zhang Wenfeng nodded.

"How is this disrupting the financial industry...... Let's just prevent money laundering, right? "It is difficult for Huang Ligong to establish an intuitive connection between these two things, face recognition gives people more technical beauty and impact, when there are not many mature applications of picture recognition on the market, suddenly there is a technology that can recognize real faces, and it is used in the authoritative occasion of customs, for Huang Ligong, it is not just an impact, but a shock. However, when it comes to disrupting the financial industry, Huang Ligong admits that he still lacks imagination.

"It's a bit complicated to say." Zhang Wenfeng scratched his head, "Let's talk about it from both sides." On the financial side, new technologies will change credit reporting. Credit is the foundation of finance, and in the final analysis, all financial activities are essentially to establish a credit system and put credit prices. Subverted credit reporting, that is, subverted the financial industry. On the Internet side, don't treat facial recognition as an isolated technology. What does it mean? It shows that a lot of technologies similar to it have reached the same high level. Face recognition is available, and fingerprints, voices, DNA, and human behavior tracks are all on the way. ”

"Can these subvert credit reporting?" Huang Ligong asked honestly.

"Yes." Zhang Wenfeng replied very simply. "You can't understand it because you just understand it as a technology. Where is the power of face recognition? Definitely not technology. Technically, it's great, but technology alone doesn't change anything. Its real awesome is that it is a new way of production, low-cost and large-scale. In the same way as in our factory, the replacement of handicraft by modern industry is actually a subversion of the mode of production. If you really want to recognize a wanted criminal, I believe that the eyes of the police are definitely better than facial recognition technology, and they can recognize a person in a crowd with a blurry photo. However, no matter how awesome a person is, how many people can he identify at the same time? 20 ...... 50 will be up to the sky. As for face recognition technology, it is no problem to recognize hundreds of thousands of hundreds of thousands at the same time. This magnitude increase is the most terrifying. Imagine that as long as the facial recognition technology is fully rolled out, all wanted criminals in the country can be tracked at the same time in all cities in the country, even if it is a small fugitive in a small county town thousands of miles away in our Wushan town, the efficiency is the same as that of top experts in identifying international wanted criminals in Beijing. Zhang Wenfeng's voice was a little lonely, as if he had discovered the truth of the end, "You wait and see, it will be soon, in our land, no criminal can escape, no one can escape this system." ”

"Ruiyang, am I right?" He took a sip of stuffy wine and asked Liu Ruiyang.

Liu Ruiyang nodded and said, "That's right." What really brought about the industrial revolution was not necessarily the most creative or advanced in science and technology, but often the technology was relatively crude, but it could increase productivity by at least a few notches, and it had to be better embedded in the production environment at the time. ”

"The same is true for the subversion of credit reporting. Crime is also a credit report, a special case, which is nothing more than zero credit. Judging from the current technological trends, the collection and verification of personal data has entered the industrial age, with low cost and scale. An effective personal credit system will soon be established, and when the time comes, do you know how big a market will be opened?! ”

"How old?"

"Trillions, even tens of trillions!"

"You financial fool!" Huang Ligong scolded with a smile, before starting a business, there was a period of idle people, and he went to Zhang Wenfeng to hang out when he was bored, watching Zhang Wenfeng speculate in stocks and go for dinner. I have listened to a lot of talk in the capital circle, and I have experienced a lot of huge figures, true and false, with a net worth of hundreds of millions and billions of businesses at every turn. This time the numbers are a little bigger than I've ever heard.

"Lao Huang, you have ambition, but you have a short imagination. You don't know anything about the power of finance. Let's just say a number. In the personal credit business, only one business has really been done so far. Credit card. It's just such a small business, and it's a little more mature, and the transaction volume last year was 15 trillion. ”

"No wonder the smartest people go into finance." Huang Ligong also took a sip of stuffy wine. The uneasiness in his heart intensified.