Revisiting Future Path

226th City Credit System

The market value reflects the market's future expectations of this company.

This is especially true for Internet companies.

Many Internet companies operating at a loss are often valued at billions of dollars.

Take Spring and Autumn Search as an example. In 2008, its revenue was 17.795 billion yuan and its profit was 4.363 billion yuan. However, its market value at the current exchange rate was as high as 270.4 billion yuan. If Chunqiu Search lacks growth potential and continues to operate smoothly for 62 years, investors will have the hope of barely making a profit. The market overestimates the market value of Chunqiu Search, not for the current revenue and profits, but for investing in the future of Chunqiu Search.

And future expectations often rely on forward-looking concepts.

In order to keep the spring and autumn search for this cash machine, Wei Dongsheng continued to use the spring and autumn search vest to introduce various forward-looking concepts: image search launched before Google; face recognition in trial operation with the Liangzhu theme garden; big data provided by the United Rose Fund ; NFI close-range recognition payment launched by United Zhiyu...

and many more.

The rapid development of China's economy to catch up with Japan and surpass Germany has happened in recent years. Previously, due to historical factors, China's industrial construction lacked many lessons and many basic technologies were restricted by others. For markets that are already stable and lack high-growth prospects, such as the personal computer market, Chunqiu and Zhiyu actively abandon them and do not compete head-on with Intel and AMD; in the new world like the smartphone market, Chunqiu and Zhiyu will invest heavily in landing on the beach. The NFC launched by Philips, Nokia, and Sony has not become a climate and the threshold is not high, so Wei Dongsheng regarded it as a market for development. Then, Chunqiu and Zhiyu jointly launched the NFI solution and tried their best to bypass patent restrictions.

Similarly, there are 3D color codes compatible with 2D codes.

In order to induce users to update their devices to increase sales, Zhiyu Technology will add some functions to each smartphone as appropriate. The Sapientia_3 smartphone has newly added the NFI function for close-range recognition and payment, the bundled credit treasure and the newly launched WeChat 3D color code function. In other words, in 30 years of memory, Wei Dongsheng saw the scene of the flood of QR codes in the future, but he did not follow the same steps and copy the successful cases in the 30 years of memory. Instead, he made a slight modification under the conditions of his ability and launched the backward compatibility II. A new version of dimensional code.

In terms of technology, Zhiyu’s version of the 3D color code reduces the fineness of color recognition to improve the error tolerance rate, and reduces the information capacity to make room for beauty and beautification of the ugly QR code; in terms of practicality, NFI can be promoted in shopping malls and supermarkets. Three-dimensional color codes and backward-compatible two-dimensional codes can meet the needs of scenarios that lack basic equipment.

When Chunqiu Search was first started, the impression that it was just a search engine in the public's mind was not as profitable as Chunqiu.com, which dominated the online game market; but with Wei Dongsheng’s continuous efforts, one year or two years, three years and five years, image search engines From face recognition to big data concept to mobile payment, the high-tech image of Chunqiu Search is becoming more and more stable.

Deng Yu is a fan who admires Spring and Autumn's search achievements. Deng Yu especially looked forward to the mobile payment prospects brought by Sapientia_3, so he was excited when he saw the mobile phone swiping the bus. After observing for a while, Deng Yu faced Ji Susu and Qi Lirui with emotion: "You people from Panyang City, you have very high quality."

Qi Lirui said modestly: "Anything with high quality and low quality is the same person."

Deng Yu: "Really very high. You can get a glimpse of the order of the bus. First of all, no one evades the ticket in the unmanned ticket bus. If you swipe your mobile phone or swipe your card, you can swipe your mobile phone or your card. Note that passengers must either ask the driver or check the fare automatically. If they have to invest two yuan, they will invest two yuan. If there is only one yuan of change, they will also go to the trouble of changing the change with other passengers to make up. One hundred yuan can be easily exchanged. When it comes to money, it’s incredible. But when I meet on a bus, people dare to trust this way. I really can’t imagine.”

Qi Lirui pointed to the roof of the bus: "There is a camera."

Deng Yu: "There are more buses with cameras."

Qi Lirui added: “The cameras in Panyang City are different from those in other cities. They are part of the city credit system jointly launched by Spring and Autumn Search and the Panyang Municipal Government. Each camera can be connected to the Internet in real time. Face recognition function."

"Before the summer of last year, the bus system in Panyang City was still the hardest hit area for scams and scams. Passengers were often cut off, lost their mobile phones and wallets. After the city’s credit system was launched, Panyang Railway Station went to the bus system, scams and scams. Criminal gangs of all sizes were captured by the monitoring big data system throughout the entire process. The Public Security Bureau arrested five to six thousand people with this as evidence, and carried out reeducation through labor for those who have been accustomed to stealing and cheating. This is not our high quality in Panyang. It’s that everyone is scared by the city's credit system."

"Also, passengers don’t exchange money taboo with each other, which is also an incentive measure for the city’s credit system. If a money exchange behavior of less than 100 yuan is cheated of fake money, as long as the deceived person can provide sufficient and accurate evidence, the city’s credit system Arbitration will be conducted in accordance with the law, and the deceived will be compensated 100 yuan first, and then points will be deducted to punish the deceiver.

"Also, from running red lights to fighting, all bad behaviors will be included in the management of the city's credit system. The credit points of each resident citizen are initially 1000, and points are increased for moral model and good deeds; points will be deducted for illegal and bad behavior. If deducted below 800 points, the citizen will be ordered to study laws and regulations, volunteer for a certain period of time, and take a civility test like a driver’s license to restore his credit points; deductions below 600 points may be ordered to enforce enforcement Reeducation through labor. For acts like fake money fraud, if the other party cannot be proved malicious, 30 credits will be deducted; if there is evidence that the other party deliberately defrauded, 300 points will be deducted at one time;

Deng Yu suddenly widened his eyes: "This is too exaggerated!"

Qi Lirui shrugged: "Slowly get used to it. In fact, there is nothing wrong with it."

Deng Yu: "When was the Panyang City Credit System implemented? Why haven't I heard of it?"

Qi Lirui: "It was launched during the financial crisis last year, and the municipal government also has a special page introduction. Maybe because of policy or technical issues, Chunqiu Search did not actively promote it, so it did not attract attention on the Internet."

Deng Yu habitually pays attention to the enforceability of technology, and questioned: "Does the face recognition technology of Spring Search have the ability to identify every citizen? What if I admit wrong and create unjust, false and wrong cases?"

Qi Lirui shook her head: "I don't understand the specific technology. According to the publicity, the judgment standard of the urban credit system is the'presumption of innocence' rather than the'presumption of guilt'. It is indeed impossible for the urban credit camera to accurately identify every bad behavior, and it is usually collected. Only very reliable and detailed evidence will list the penalties. Moreover, the specific enforcement procedures are very complicated, and I am not clear. Everyone says that the urban credit system in Panyang is like a police patrol. Your illegal and bad behavior will be caught. The odds may not be high; but if you get caught, the chances of being wronged are also minimal. Moreover, the lower the credit, the stricter the city credit system will monitor you, and you will be staring at you when you go out."

Deng Yuruo has something: "I think I understand a little bit. It should be machine-assisted labor, spot-checking citizens with good reputations, focusing on monitoring citizens with poor reputations. However, when we came to Panyang from other places, no one told us that there is a city credit system. Supervision? This is a bit of a shame."

Qi Lirui: "You have thought about it. Actually, this system is costly and has not spread all over Panyang City. The urban credit system is slowly expanding outward from the Spring and Autumn Street and the Liangzhu theme garden. Panyang Railway Station is Known as the scars of Panyang, it was hit by the municipal government and the municipal government launched a trial operation of the urban credit system. The municipal government recently renovated the Panyang railway station and bus system. The publicity measures may not have kept up, so it looks a bit unfavorable. Teaching and condemning. If the bus goes to Chunqiu Building for a while, the slogan of the city's credit system will appear on the bus TV and the outdoor advertising screens on the roadside."

Deng Yu: "That's it."

Talking and laughing, the bus drove out of the old town.

Crossing the boundary of Xiangshan District, Wei Dongsheng brought changes to Panyang City slowly: here, in addition to the infrastructure of high-rise buildings that are not weaker than those in the metropolis, there are also technologically forced social reforms similar to the urban credit system. The shadow of the small county town brought by Panyang Railway Station was swept away, and recent graduates such as Deng Yu, Qiu Ye, and Dong Qinqin began to look forward to their first job.

Qi Lirui performed her extra duties and led a group of recent graduates in good faith.

Chunqiu Search has developed to this day, and it has jurisdiction over a number of products such as Post Bar, Encyclopedia, and Video, and one building cannot accommodate all departments. Although the nine recent graduates are all engaged in technology, they are divided into different departments. For example, Qiu can be assigned to the business search department, Dongqin is assigned to the search research and development department, and Deng Yu is assigned to the natural language processing department. , Ji Susu was assigned to the Artificial Intelligence Department, and so on.

The business search department, in simple terms, is for advertising and is more inclined to business. The office is arranged in the Chunqiu Search Building. The research and development department, natural language processing department, artificial intelligence department, etc. are more inclined to technology. The workplace is arranged in small buildings commonly known by employees-several scientific research buildings with seven floors above ground and three floors underground.

During the journey to the destination, Ji Susu suddenly received a call from Wei Dongsheng: "Are you in Panyang?"

Ji Susu replied as he walked: "Well, I was searching the building in Chunqiu to the third research institute of Chunqiu."

Wei Dongsheng: "Come to Building 4."

Ji Susu didn't know why: "Huh?"

Wei Dongsheng: "I'm in Building 4."

Ji Susu showed a pleasant smile: "You are also in Panyang."

Wei Dongsheng: "I told you before, I have been in Panyang for the past six months."

Ji Susu: "Oh oh, I'll be over."

Ji Susu hung up, and Dong Qinqin asked curiously, "Who is so happy?"

Ji Susu told the truth: "My old classmate."

Dong Qinqin: "Which... won't it be Wei Dongsheng?"

Ji Susu happily walked with her hands up: "Yeah."

Dong Qinqin's eyes widened: "I'll go. I called to express my condolences when I first arrived in Panyang City. If it weren't for your roommate in the dormitory for four years, I suspect that you two have an adultery."

Ji Susu sipped softly: "Nonsense."

Dongqin Qin didn't take it seriously: "Now it's okay. With the big tree of your class relying on it, no one will dare to bully me in the future spring and autumn search days.

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