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1Z0-132 - Oracle9i, Build Internet Applications II - BrainDump Information

Vendor Name : Oracle
Exam Code : 1Z0-132
Exam Name : Oracle9i, Build Internet Applications II
Questions and Answers : 158 Q & A
Updated On : March 20, 2019
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1Z0-132 exam Dumps Source : Oracle9i, Build Internet Applications II

Test Code : 1Z0-132
Test Name : Oracle9i, Build Internet Applications II
Vendor Name : Oracle
Q&A : 158 Real Questions

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Oracle Oracle9i, Build Internet Applications

Oracle observe check for 1Z0-141: Oracle forms: construct internet functions | killexams.com Real Questions and Pass4sure dumps

The MeasureUp observe check 1Z0-141 prepares candidates for the Oracle examination 1Z0-141 Oracle types: construct cyber web functions. Candidates should have the potential to boost and deploy information superhighway applications the usage of Oracle9i varieties; personalize varieties by way of including consumer input objects; control information access by developing experience-related triggers; and check and debug internet purposes using the kinds environment.

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This test contains a hundred and eighty questions and covers right here pursuits:

  • Introduction to Oracle forms Developer and Oracle forms services – 8 questions
  • running a forms Developer software – 6 questions
  • Working in the kinds Developer environment – 4 questions
  • creating a fundamental form Module – 12 questions
  • Working with facts Blocks and Frames – 6 questions
  • Working with textual content objects – 5 questions
  • growing LOVs and Editors – 5 questions
  • creating extra enter gadgets – four questions
  • developing Noninput gadgets – 8 questions
  • creating home windows and content material Canvases – 5 questions
  • Working with different Canvas forms – 6 questions
  • Introduction to Triggers – 5 questions
  • Producing Triggers – 6 questions
  • Debugging Triggers – 6 questions
  • adding functionality to objects – three questions
  • Run Time Messages and alerts – 9 questions
  • question Triggers – 6 questions
  • Validation – 5 questions
  • Navigation – 6 questions
  • Transaction Processing – 9 questions
  • Writing bendy Code – 3 questions
  • Sharing Objects and Code – 8 questions
  • Introducing numerous kind purposes – 7 questions
  • making a Menu Module – 5 questions
  • Managing Menu Modules – 4 questions
  • Programming function Keys – 5 questions
  • constructing dissimilar kind functions – 5 questions
  • Defining facts Sources – 7 questions
  • Working with listing organizations – eight questions
  • the usage of Database Objects in forms functions – four questions
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  • Oracle9i Developer – constructing internet functions with forms Builder

  • build varieties 1 vs. construct web purposes 1 | killexams.com Real Questions and Pass4sure dumps

    I even have been knowledgeable in Oracle Developer blended music, and that i had construct forms 1 and construct internet applications II for the 3rd and 4th module. I already took both exams for SQL and PL/SQL. i wished to finish the tests for the other two to be licensed, but then the song where build varieties I belongs has already been retired, and so has the exam ultimate July 31. What are the changes between construct kinds 1 and build information superhighway purposes I? Are there on-line substances for a manual on Oracle forms 6i: construct information superhighway purposes 1? Thanks!

    you could locate the accurate requirements for the build cyber web functions I examination at http://www.oracle.com/education/certification/targets/index.html?131.html. There aren't a lot of ameliorations within the older examination and the more recent one apart from that the more moderen exam can have questions related to the use of kinds to generate web types moreover client/server types. due to the fact you've got had practising for construct cyber web applications II, i would say you'd be secure in taking the stage I examination with out too lots main issue.

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    Thursday, 7 June 2001, eleven:26 amPress unencumber: launched via. knowledgeable Public relations

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    * soap help for web functions. support for primary Object access Protocol (soap) allows for clients to access and invoke dynamic web features via Oracle9iAS. The de-facto ordinary protocol for net features transport, cleaning soap offers a mechanism to change XML files and records over the web, and to publish information and utility performance as internet features. Oracle developers can take potential of the soap aid in Oracle9iAS and the effective XML programming aspects in Oracle JDeveloper to build and installation web functions that may also be accessed from intranets or the web.

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    Ends

    ** About Oracle9i application Server Oracle solves the IT problem of integrating fragmented middleware items to run an e-business with the aid of presenting one product that may exchange more than 10 separate factor products from other carriers. Oracle9i utility Server aspects full J2EE assist, constructed-in enterprise portal utility, high-pace caching, business intelligence, rapid application development, application and company integration, net capabilities and greater; multi functional equipment. Oracle's wide investment in application server analysis and building has enabled the business to bring a new lightweight J2EE engine and prolonged caching capabilities that enable businesses to keep on infrastructure charges by using scaling with application instead of hardware.

    ** About Oracle Oracle organisation offers the software that powers the information superhighway. For extra tips concerning the contents of this release, please discuss with: http://www.oracle.com/tellmemore/?763169.

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    HoloLens 2 announced for $3,500, available to preorder now, ships later this year | killexams.com real questions and Pass4sure dumps

    Comfort, better visuals, easier to use with your hands. That's the takeaway from HoloLens 2, Microsoft's follow-up to the Space Age goggles it announced four years ago. The technology behind the $3,500 (about £2,700 or AU$4,900) HoloLens 2 device, which Microsoft calls "mixed reality," overlays computer images on the real world. Imagine arrows directing you down the street as you walk, or repair instructions floating over a machine as you fix it. That's MR's promise, Microsoft says.  

    The company was the pioneer in augmented reality worlds when the tech giant debuted its first headset, in 2015, charging companies $5,000 apiece for the gadget. Since then rival devices, such as the $2,295 Magic Leap, have come on the scene.

    Now playing: Watch this: Watch Microsoft demo Hololens 2 at MWC

    16:13

    At prices like that, MR headsets are far more expensive than the competing VR technology currently on the market. Facebook's Oculus Rift, for example, is $349, HTC's Vive is $499 and Sony's PlayStation VR is $299. You have to buy a computer or PlayStation 4 console to power these VR devices, but even then their prices are at least half what Microsoft or Magic Leap are asking.

    microsoft-msft-hololens-2-1497

    A look at the lenses in the HoloLens 2.

    James Martin/CNET

    That hasn't deterred Microsoft from designing an improved headset as part of its push into the now far busier AR universe. The company says HoloLens still isn't ready for you and me to use at home though. Instead, Microsoft is focused on companies and the military (though that's stirred dissent in the Redmond ranks, which Microsoft CEO Satya Nadella has dismissed.)

    Aside from that caveat, Microsoft has made some welcome improvements to the device, which goes on preorder Sunday and will be shipping later this year.

    "Computing is embedded in our world, in every place in every way," Nadella said while unveiling the device at the Mobile World Congress (MWC) in Barcelona. "Computing is in everything from connected cars to connected refrigerators, smart surgical tools, and even smart coffee machines."

    He said the result is that the approach to how companies like Microsoft approach the technology they make. "It's no longer about being device first, it's about putting the human first, and it includes all the devices in their lives."

    "We don't have to just imagine it," he added. "This future is here."

    CNET traveled to Redmond, Washington, to see that future he was talking about abd talk with Microsoft executives and designers, including Technical Fellow Alex Kipman, about HoloLens 2.

    In HoloLens 2 isn't meant for you. But HoloLens 3 might be, we look at where HoloLens fits in the world, and why some techies think mixed reality technology will upend the way we use computers.

    "The goal is these things transform humans," said Alex Kipman, Microsoft's technical fellow who leads the HoloLens project. He describes it as giving people superpowers. "This is a concept that's been in our dreams."

    In HoloLens 2 feels like practical magic, we share what it's like to use HoloLens 2, its key features and where Microsoft is going next in AR ... and why it's aiming at businesses, and not the average person yet. Take a dive into what we experienced.

    We also got to check out Microsoft's lab devoted to building products that comfortably work for 95 percent of people, regardless of their height or size. This is where Microsoft made the HoloLens 2 fit more comfortably than its predecessor.

    In HoloLens 2: why it's really all about the cloud, ZDNet's Mary Jo Foley explains Microsoft's newest apps and services.

    Here's what you need to know about what Microsoft is announcing in Barcelona at Mobile World Congress 2019.

    Now playing: Watch this: Microsoft HoloLens 2: A first dive into the future of...

    4:54

    At $3,500, it's still not made for everyday people

    Instead, it's designed primarily for people such as manufacturing workers, industrial designers and those in the military, and for situations where field workers might need to work hands-free. But Microsoft said its $3,500 headset will eventually be ready for us to buy. Someday.

    It's arriving in 2019, but it's still not clear when

    Microsoft hasn't set a definite release date, but the HoloLens 2 can be preordered now, if you're interested.

    microsoft-msft-hololens-2-1661microsoft-msft-hololens-2-1661

    The HoloLens was already packed with a bunch of cameras and other sensors. Now it has eye tracking too.

    James Martin/CNET HoloLens 2 tracks your eyes

    Microsoft included sensors near the nose ridge of HoloLens 2, pointed at your eyes. The technology is used to log you in to the device, saving your individual settings in case you share the headset with a coworker or friend.

    Microsoft will also let app developers have access to eye tracking. In one demo, the company showed how a teleprompter could follow as you read. There's also onboard iris recognition, which works with Windows Hello to log in to HoloLens 2.

    It also tracks your hands better

    The Magic Leap One, and most VR headsets, come with dedicated controllers. The HoloLens 2 doesn't; it relies on hand and voice controls via Cortana. The first HoloLens recognized basic tap and click gestures, but the new headset recognizes 21 points of articulation per hand and allows for more realistic hand motions. Technically, that's the most advanced hand tracking on any AR headset we've tried.

    microsoft-msft-hololens-2-gestures-2-2microsoft-msft-hololens-2-gestures-2-2

    There's more hologram to see with HoloLens 2, making it much more immersive.

    James Martin/CNET Field of view doubled

    There's a lot to like about the changes Microsoft made with HoloLens 2, but perhaps the most dramatic improvement is to the "field of view," or how much hologram you can see at any given time.

    The field of view on the first HoloLens was about the size of a deck of cards a few feet from your face. It was annoyingly tiny. The HoloLens 2 more than doubles that area, to 52 degrees. Practically speaking, it's still not as wide as most VR headsets, but it's better than Magic Leap One.

    Now playing: Watch this: The creator of HoloLens 2 discusses its future

    8:35

    Glasses accepted

    Unlike many AR headsets and smartglasses (including Magic Leap One), the HoloLens 2 is designed with glasses in mind. The new flip-up visor makes it even easier to slip on, and our demos worked for several team members with glasses.

    That's an advantage over Magic Leap, which doesn't work with glasses at all and requires a limited range of prescription lenses. In 2006, the National Institutes of Health said 14 million people in the country need vision correction of some kind. So, yeah, this matters.

    New apps from Microsoft and partners

    Microsoft is also announcing new HoloLens apps that it thinks most companies will benefit from. One is called Dynamic 365 Guides, which lets companies put together guided instructions in mixed reality. In one demo, Microsoft had us gather parts for and fix a broken ATV, using only the instructions provided by the app.

    Another app, called Dynamic 365 Layout, creates a persistent map of the buildings you're in, and stores them with Microsoft. This allows developers to place a hologram on a table in a room, for example, and if you leave that room and come back a day later or with a different HoloLens headset, you'll still find it there.

    Microsoft's newest headset works with new cloud apps, but it doesn't have a cellular connection device. Instead, it connects via Wi-Fi.

    Other software and enterprise partners include Spatial, a company developing internet-based office video chat and collaboration software that makes you feel like the people you're connected with are right there in the room with you.

    microsoft-msft-hololens-2-alex-kipman-portrait-2453microsoft-msft-hololens-2-alex-kipman-portrait-2453

    Alex Kipman, who leads the team making HoloLens, says he wants the device to last long enough for people to use it several times before a charge.

    James Martin/CNET Open system

    There's a debate in the tech industry about how computers and phones should work. Should they be "open," like Microsoft Windows and phones powered by Google's Android software? Or should they be "closed" and tightly managed, like Apple's App Store for the iPhone and iPad, promising potentially better security?

    Microsoft said it's coming down squarely on the "open" side with HoloLens 2. That device, Microsoft said, will allow anyone to create an app store for HoloLens 2. It will also allow app developers like Mozilla to bring its Firefox browser to HoloLens 2 as well. And even developers like Epic Games can make coding tools for HoloLens, Microsoft said. 

    "Epic will fully support Microsoft's HoloLens strategy now and for the long term," Epic CEO Tim Sweeney said.

    "I have great hopes and dreams will accomplish together in this ecosystem," Kipman said.

    Battery life? About 3 hours

    Microsoft confidently says it doesn't expect people will burn through an entire battery charge of HoloLens 2 in a single sitting. But in case you might, the device lasts about 3 hours, according to the company. That's similar to Magic Leap and might be better than Facebook's Oculus Go mobile headset, which lasts about 2 hours on a charge.

    microsoft-msft-hololens-2-1739microsoft-msft-hololens-2-1739

    The HoloLens, from the front.

    James Martin/CNET HoloLens 3 is coming in a couple of years

    Microsoft said it plans to announce its follow-up to HoloLens 2 in the next year or two. The company didn't provide any details, other than to say the device will be even more comfortable and easier to use, and that it'll do more than the HoloLens 2.

    Kipman said a prototype of the device was what helped Microsoft win a lucrative $480 million contract with the US Army.

    azure-kinect-hardwareazure-kinect-hardware

    Azure Kinect combines depth-sensing cameras with an array of microphones, connecting with Microsoft's cloud.

    Microsoft Microsoft is also bringing the Kinect back, as an IoT device

    The Azure Kinect development kit is a small, self-contained set of cameras and microphones designed to work with a PC or directly to the cloud via Microsoft Azure. The $399 dev kit is also available to preorder Sunday, and was first announced at last year's Microsoft Build conference.

    Specs

    Here're the speeds and feeds.

  • CPU: Qualcomm Snapdragon 850 Compute Platform and second generation custom-built Holographic Processing Unit.
  • Display: Equivalent of a 2k display for each eye, creating 47 pixels per degree -- what Microsoft says is often called a "retina" display -- with a 52-degree field of view. (The original HoloLens had the equivalent of a 720 display for each eye, at a 30-degree field of view.)
  • Audio input: 5-channel microphone array.
  • Audio output: Built-in "spatial audio."
  • Connectivity: USB Type-C, 802.11ac 2x2, no cellular connectivity.
  • Weight: 566 grams or 1.25 pounds. (The original HoloLens weighed 579 grams, or 1.28 pounds.)
  • Battery life: About 3 hours.
  • First published Feb. 23 at 9:20 a.m. PT.Updated Feb. 25. at 3:13 p.m. PT: Adds details about pushback to Microsoft's HoloLens military contract.

    Mobile World Congress 2019


    Building A Simple Python API for Internet of Things Gadgets | killexams.com real questions and Pass4sure dumps

    It’s no secret that I rather enjoy connecting things to the Internet for fun and profit. One of the tricks I’ve learned along the way is to spin up simple APIs that can be used when prototyping a project. It’s easy to do, and simple to understand so I’m happy to share what has worked for me, using Web2Py as the example (with guest appearances from ESP8266 and NodeMCU).

    Barring the times I’m just being silly, there are two reasons I might do this. Most commonly I’ll need to collect data from a device, typically to be stored for later analysis but occasionally to trigger some action on a server in the cloud. Less commonly, I’ll need a device to change its behavior based on instructions received via the Internet.

    Etherscan is an example of an API that saves me a lot of work, letting me pull data from Ethereum using a variety of devices.

    In the former case, my first option has always been to use IoT frameworks like Thingsboard or Ubidots to receive and display data. They have the advantage of being easy to use, and have rich features. They can even react to data and send instruction back to devices. In the latter case, I usually find myself using an application programming interface (API) – some service open on the Internet that my device can easily request data from, for example the weather, blockchain transactions, or new email notifications.

    Occasionally, I end up with a type of data that requires processing or is not well structured for storage on these services, or else I need a device to request data that is private or that no one is presently offering. Most commonly, I need to change some parameter in a few connected devices without the trouble of finding them, opening all the cases, and reprogramming them all.

    At these times it’s useful to be able to build simple, short-lived services that fill in these gaps during prototyping. Far from being a secure or consumer-ready product, we just need something we can try out to see if an idea is worth developing further. There are many valid ways to do this, but my first choice is Web2Py, a relatively easy to use open-source framework for developing web applications in Python. It supports both Python 2.7 and 3.0, although we’ll be using Python 3 today.

    Initial Setup: Spin Up a Linux Server

    Before we begin, we’ll need 2 things: a Google Cloud Compute VM or equivalent server running Ubuntu or Debian, and a domain name. Presently Google offers a free tier as well as a fair amount of free credit, and either will provide enough resources for what we’re doing today. A domain name will cost you around USD 10 and can be obtained from any domain registrar. In this article, we’ll call that ‘yourdomain.com’.

    Once you have that, point the A record of your domain name to your server through whatever interface your registrar provides. Then log in to your server over SSH or equivalent, and create a self-signed certificate to enable HTTPS later on:

    $openssl genrsa -out server.key 2048 $openssl req -new -key server.key -out server.csr $openssl x509 -req -days 365 -in server.csr -signkey server.key -out server.crt

    We’ll need HTTPS enabled as Web2Py will not allow remote administrator login without it. Next, we’ll install the packages we’ll need to run Web2Py with Python 3. A virtual environment for Python 3 is possibly a better way to do this, but in my case I didn’t really require it.

    $sudo apt-get update $sudo apt-get install python3-setuptools $sudo easy_install3 pip $sudo apt-get install python3-dev

    Then we set up Web2Py itself by downloading the source code here, unzipping the file, and running it with:

    $python3 web2py.py -a 'youradminpassword’ -c /path/to/server.crt -k /path/to/server.key -i 0.0.0.0 -p 8000 Well hello to you too, world!

    We’ll be using port 8000 for Web2Py in this example, so as a final step in our setup, we’ll need to make sure that port is open to TCP traffic. In Google Cloud you can do this under network–>VPC Network–>Firewall rules.

    If visiting https://www.yourdomain.com:8000 results in a welcome page, everything is working.

    You may want to keep Web2Py running after you close your SSH session, in this case I recommend using tmux.

    Storing Data From Your Devices

    Now that we have a working environment, we’ll begin setting up our first system – one that lets us store data from devices. Web2Py uses a Model-View-Controller architecture. When we create a new application called ‘rxdata’, it will already have a default model called db.py, a default controller called default.py, and a default view called default/index.html.

    We’ll begin by defining a simple SQLite database model to store our data. We open up db.py and add the following to the end of the file:

    service = Service() db.define_table('mydata', Field('device', type='string', length=30, default=None,required=False, unique=False), Field('rxtime', type='string', length=30, default=None,required=True, unique=False), Field('datastore','text',label=T('Device Data'),requires = [IS_NOT_EMPTY(error_message='Data Field is Required')]))

    This gives us three fields – one to identify where the data is from, another for when it was received, and finally a field to contain the data itself.

    Now, we save that file and open the controller default.py to define how our data will be accessed and handled by users. Web2Py has a neat feature called a smartgrid that gives us a simple GUI that handles creating, reading, updating, and deleting data (CRUD). Note that I’ve purposely disabled user authentication here by adding ‘user_signature=False’ – you’ll probably want to enable that when you’re done testing.

    import time import datetime def index(): response.view = 'generic.html' # use a generic view grid = SQLFORM.smartgrid(db.mydata, deletable=True, editable=True, user_signature=False) return dict(grid=grid)

    Next, we need to define a service that allows our Internet of Things devices to insert data into the database. Note that I haven’t included any authentication or encryption here for brevity, but it would not be too difficult to apply some of the techniques I’ve outlined in a previous article to HTTPS rather than MQTT.

    @service.run def receive(chipid,newdata): time = str(datetime.datetime.now()).split('.')[0] ins = db.mydata.validate_and_insert(device=chipid,rxtime=time,datastore=newdata) return newdata def call(): session.forget() return service()

    With this service, you can take data passed through an HTTPS request into the database. The function ‘rxdata’ takes two parameters, chipid and newdata. There are two formats to provide these parameters, either by accessing https://www.yourdomain.com:8000/rxdata/default/call/run/receive/chipid/newdata or with:https://www.yourdomain.com:8000/rxdata/default/call/run/receive?chipid=chipid&newdata=newdata

    Lets look at how we might do that on an ESP8266 running NodeMCU using the latter format. Note that you’ll need to compile with TLS support to allow HTTPS for this to work:

    function senddata() chipid = node.chipid() data = “This is the data you are sending” print(data) url = "https://yourdomain.com:8000/rxdata/default/call/run/receive?chipid=" .. chipid .. "&newdata=" .. data print(url) http.get(url, nil, function(code, data) if (code < 0) then print("HTTP request failed") function_if_failed() else print(code, data) function_if_successful() end end) end

    Since the service returns the parameter ‘newdata’, when we’re looking at the ESP8266 console we ought to see a confirmation that looks something like ‘200 <same data we sent>’, along with some new entries in our database when accessed at https://www.yourdomain.com:8000/rxdata:

    The search functions in the GUI are really quite useful, and you can export data in various formats. Controlling Devices Is A Simple Tweak

    A moment ago, we sent data from a device by requesting a URL containing the data we wanted to send, and received a response from the website echoing back the data. What if we were requesting commands rather than sending data? It turns out a simple implementation only requires a slightly different service defined in our default.py controller:

    @service.run def command(): command = 1 return command def call(): session.forget() return service()

    When a device accesses https://www.yourdomain.com:8000/rxdata/default/call/run/command, it will receive the command ‘1’. We might implement this as follows:

    function startup() url = "https://www.yourdomain.com:8000/rxdata/default/call/run/chan" http.get(url, nil, function(code, data) if (code &amp;amp;amp;amp;amp;amp;amp;lt; 0) then print("HTTP request failed. Retrying.") else print(code, data) command = data carry_on() end end) end

    Also on the device end, I typically configure a few modes of operation depending on what command is received, or allow the command to set the value of some parameter such as the sampling rates, authorized users, deep sleep times, or anything else I’m likely to have to frequently change in a prototype that will one day have a more complete backend.

    I should mention that this lets me connect my toaster to even more things, because that’s regrettably the way my sense of humor works. That might be a story for another day, so… brace yourselves.


    NEO Founder: Blockchain Will Develop in Layers Like The Internet | killexams.com real questions and Pass4sure dumps

    Bitcoinist spoke with NEO founder Da Hongfei at NEO DevCon in Seattle, who gave a detailed vision of the road ahead. Blockchain technology is still ahead of its time.

    Despite NEO’s evolution mirroring that of the wider Crypto market over the past 12 months, charismatic founder Da Hongfei assures an attentive audience at NEO DevCon that the ‘smart economy’ project remains perfectly fiscally healthy.

    Not only do they still have $2 million left from their initial ICO in 2015 (when those things were legal) but they also have millions of dollars worth of BTC, ETH, and NEO.

    Live from DevCon, there’s no understating Da’s magnetic charisma. But Layer 2 solutions, platform instability, and scalability are all issues that the Chinese team will have to overcome if it wants to realize its vision of being the number one blockchain by 2020.

    NEO DevCon

    Da Hongfei, NEO DevCon, author image

    I caught up with Da Hongfei at their developer event in Seattle, where, among other news, they announced that they would be making the Pacific Northwestern city a new NEO home. No coincidence that Seattle also houses the world’s biggest software company or that its leader there is John DeVadoss, ex Microsoft MD.

    What Drew Da Hongfei Towards Decentralized Technologies?

    Coming from what many call a hierarchical society in China, I was curious as to what drew Da Hongfei to a decentralized technology? He smiles, explaining that he believes human society is like circles, moving from a decentralized society to a hierarchical one, to becoming more flat, and decentralized.

    So even if some more conservative societies the trend is still to give more freedom to individuals, from the tendency of the past few decades China is becoming a more free market economy and that is why we are doing these decentralized distributed solutions.

    NEO is an open network for the smart economy. But, where does Da see that happening first? What vertical is primed to adapt the fastest to blockchain tech?

    It will happen to the industry that’s already highly digital. It probably will happen to a new industry or economic sector. As you can see with DApps, for now, gaming is the most popular one, gaming is 100 percent virtual, digital. So it is easier to work with something completely new that’s completely digital.

    Where Will the Smart Economy Happen?

    In fact, of the 100 or so DApps on NEO, by far the most popular are gaming. Yet, their vision of a smart economy is about so much more than geeks with joysticks. But can a smart economy only happen in urban centers, or will the whole world become digital?

    NEO Smart Economy

    NEO believes in the smart economy, author image

    I do believe that eventually, the whole world will become digital, I don’t think it will happen in those rural areas first, although, we can take the payment system as an example.

    In China, the credit card is not very popular. Most people don’t own a credit card but because China is developing really fast, we just skipped the credit card and moved to an electronic, mobile payment. We use AliPay and WeChatPay… It is much more convenient.

    He goes on to explain that in China, you can pay for pretty much anything anywhere with your mobile phone, from basic toiletries to public transportation. This is still something basically alien in Europe or the USA.

    You can even donate to homeless people, they sometimes have a bar code! So, it’s the same for the smart economy, it probably will emerge in some society or area that’s not very good at current infrastructure but are really catching up very fast.

    Blockchain is an Institutional Technology

    During his speech on stage, Da explained his vision of blockchain technology as being an ‘institutional technology’. Seeing as we usually hear about blockchain being called ‘public’ and ‘peer to peer’, I wanted to know why.

    He concedes that he didn’t always see it that way. Back in 2014, there was almost no talk of the word blockchain. All the focus was on Bitcoin and a few other altcoins. Da says:

    After 2014, bankers realized that some geeks invented a protocol that could transfer value across countries in a few minutes. So they are curious about the technology and they abstracted it and called it blockchain.

    I think only after post-2015 or maybe 2016, people started to think that blockchain could be used to establish a new kind of collaboration between individuals, between different entities. They invented or borrowed words like DAC (decentralized autonomous company) and then Vitalik changed it to DAO. I think after that people gradually realized it could be used to build new institutions. That is when I realized it was a new institutional technology.

    Let’s Recap on What’s Coming in NEO 3.0

    Walking back to NEO 3.0 and its ambitious but highly technical upgrades, can Da sum them up into words that give us the overall picture? The changes with NEO 3.0 are essential to make NEO more scalable for large enterprises. But what are the other key takeaways?

    We think that blockchain will take a similar route as to how the internet developed. It will be layered into different layers. TCPIP is at the bottom and HTTP protocol is on top of TCPIP.

    If you are building an internet application, you don’t have to bother about TCPIP these days, you don’t even need to worry about HTTP. You have different middle layers to build on top of that. So blockchain will take a similar road.

    At a basic level, is he talking about programs and applications like WordPress?

    Yes, you don’t need to know how to write HTML you just use WordPress. So, for now, all the decentralized apps are built on top of layer one directly on the blockchain. But we believe that in the future, there will be different layers, a lot of layer 2 solutions.

    Many (if not all) of these DApps will be built on top of layer two solutions. So we need better or native support for layer two solutions.

    This is one of the reasons we need to change the architecture and also current new designs. On NEO, there are some complicated, global assets which are UTXO-based very similar to the model of Bitcoin. And we also have smart contract assets, so we want to unify the two things. In the future, there will be no more UTXO assets, or global assets, and you have to issue assets with the smart contract.

    And this has the effect of streamlining and making everything faster?

    Yes, everything will be unified. We want to make everything right.

    Can NEO Really Pull This Off?

    Staring at the magnitude of reinventing the entire NEO blockchain and essentially starting from new from a Genesis block, I wonder if Da Honfei is at all worried at the size of the task before him. He smiles slowly nodding his head.

    Migration will be a great challenge. We need to have a very thought-through migration plan, we need to talk to chains and we need to talk to DApp developers so we get their support.

    We don’t have a migration plan yet because the features we mentioned at the conference are possible changes. This is because we don’t have the power to decide everything, we propose, and we will look at the community’s response. The core development is not done by Erik (Zhang) alone, a lot of the contribution will come from the community.

    Does he ever wonder if he’s in over his head and if it’s worth all the hassle being a pioneer in the space?

    Yes, sometimes, leading a blockchain company is not like leading a centralized company. You are not owners, you are not in complete control, sometimes if you are controlling too much, the community will say you are too centralized. We have seven consensus nodes and the NEO foundation controls five of the nodes.

    We are slowly in the process of decentralizing the consensus nodes. So yes, it’s like an art, you need to balance between efficiency and decentralization.

    I told him that Bitcoinist reported the other day about the utility of ETH DApps. 93% had done zero transaction in 24 hours. He laughs, and I ask what’s it would be like on NEO.

    I would say probably similar, maybe better, I don’t have the statistics here with me, but I would say probably better. Ethereum currently has the strongest community of developers, they are like the go-to solution. If you want to study how to do a smart contract, you will probably do it on Ethereum. So those DApps will become like nobody will use.

    I think we are not ready. The blockchain infrastructure is not ready for mass adoption, for those decentralized applications, we are a few years away from that, we need to get the layers in first.

    The Takeaway

    Remember all the hype about world-changing solutions and blockchain technology solving all our problems? Well, 2019 is already proving that projects have learned their lessons. The NEO team is still very much focused on what they want to achieve. They just realize that it’s further off than they thought–and it’s an industry-wide issue.

    Do you agree with NEO’s founder? Share your thoughts below!

    Images courtesy of Shutterstock



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