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The impact of blockchain on the property market
Publish: 2021-04-29 08:26:01
1. blockchain is a kind of technology. "In the simplest and most popular way, blockchain technology is everyone bookkeeping, or distributed ledger."
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.
in the Internet era, there is a database behind every system. This database can be regarded as a large account book. In the past, the person who maintained the system was responsible for managing the database and recording the user's behavior, that is, bookkeeping. However, the blockchain is "decentralized", which allows every member of the system to participate in it, not only everyone bookkeeping, but also through links, Everyone can have a complete account book
"blockchain is essentially a collective recording mode. What's special is that it adopts a set of techniques in an ingenious way to realize the authenticity and credibility of the recorded results, which is difficult to destroy and tamper with. " Zhang Xiaorong said, "first, everyone has the right to record and authenticate with each other to distinguish the true from the false, which is called consensus mechanism; Second, no one can tamper with the records, because there are cryptographic signatures; Third, everyone has a , so even if some account books are damaged, the whole will not be affected. This is called distributed storage. The information recorded in this way is presented in block mode according to the time chain, so it is called blockchain. "
various cryptocurrencies represented by bitcoin are originally an application of blockchain technology, which can be described as blockchain version 1.0. However, around 2014, the instry began to realize the important value of blockchain technology. Blockchain graally separated from digital currency and applied to various economic and social fields other than digital currency
it has broad application prospects
blockchain technology is considered as a disruptive innovation after steam engine, electric power and Internet. If the steam engine and electricity liberate the proctivity, and the Internet has changed the way of information transmission, the blockchain, as a machine for building trust, may change the way of value transmission
for example, in the financial field, the cost of reconciliation, clearing and settlement between financial institutions, especially cross-border financial institutions, has always been very high, and there are complex manual processes. The application of blockchain technology can help rece the cost of reconciliation and dispute resolution between financial institutions, and significantly improve the processing speed and efficiency of payment business, It also makes small cross-border payments possible. In December 2017, China Merchants Bank completed the RMB position transfer business from Hongkong Wing Lung Bank to Shenzhen Branch of Wing Lung Bank. This is the world's first interbank cross-border RMB clearing business based on blockchain technology
in addition, according to the white paper 2016 on China's blockchain technology and application development issued by the Ministry of instry and information technology of China, the application of blockchain has been extended to medical and health, ecation, charity, social management and other fields. Taking the cultural instry as an example, the low cost of reproction, the high cost of safeguarding rights, and the difficulty of providing evidence make the protection of intellectual property rights a pain point for the instry. With blockchain, the proction, dissemination and transaction records of cultural procts are true, transparent and reliable, and the problem can be solved
Zhang Xiaorong said that blockchain technology has solved two major problems in the era of Digital Economy: one is the visible flow direction, and the other is zero trust cost. In the past, the circulation of physical paper money was invisible, but the flow of all digital assets had a "chain" to check. Yang Yanchao, a researcher at the intellectual property center of the Chinese Academy of Social Sciences, also believes that the biggest advantage of blockchain is that it has truly completed the credit construction in an anonymous society, bringing new opportunities to many fields, thus making various innovative applications possible
there is a long way to go in the future development
in terms of technology promotion, there is no big barrier to blockchain, which has been confirmed in the global practice of bitcoin, and its main resistance comes from the obstacles in concept and implementation
"on the one hand, the society may be very concerned about the" naked "state in the blockchain. Blockchain has built a "Skynet" for the commercial society. The company's economic activities are all recorded, so there is no secret to speak of. In this way, some business strategies may not be implemented under the blockchain. "
"on the other hand, the current legal system lags behind the development of information technology, so how to put the emerging blockchain technology under the legal supervision needs to be studied." Duan Yongchao said
the core of blockchain is decentralization, which will have an impact on the long-standing central management model. In addition to the law, how to establish a regulatory environment that can promote the application of blockchain technology, so that the technology can benefit the society and not be used to do evil, is also an urgent problem to be solved.
2. Ubitquity is a real estate property rights service provider based on blockchain. It is the first time to use cryptocurrency technology to complete the transfer of real estate property rights. It has established the world's first record of real estate instry based on bitcoin blockchain, and managed the real world assets on bitcoin network by using the method represented by colored coins, It shows the potential use of bitcoin blockchain network in the real estate instry
in China, the representative of the combination of blockchain and real estate is the blockchain real estate application "fangyixin" of Xinyuan group, a listed real estate company. Public information shows that Xinyuan is IBM's first partner in the field of blockchain in China
on the platform, IBM provides the underlying blockchain technology and intelligent contract technology. On this basis, Xinyuan builds the upper real estate information database, real estate valuation system, transaction circulation system, risk control and other moles, which are said to support a variety of financial applications such as consumer finance, investment and financing finance, instrial finance, etc., and connect with investment and financing institutions, credit reference institutions and consumer businesses
however, the combination of blockchain and real estate instry is still in its infancy in terms of application. It will take time to test which step it can take and whether it will attract the attention of the national team like digital currency
blockchain not only has an impact on the real estate instry, but also has a potential impact on the existing instries. Coin Ying China and China post are in the forefront of using blockchain technology. Coin Ying China uses blockchain to reshape the crowdfunding instry, while China Post takes the lead in applying blockchain technology to asset custody.
in China, the representative of the combination of blockchain and real estate is the blockchain real estate application "fangyixin" of Xinyuan group, a listed real estate company. Public information shows that Xinyuan is IBM's first partner in the field of blockchain in China
on the platform, IBM provides the underlying blockchain technology and intelligent contract technology. On this basis, Xinyuan builds the upper real estate information database, real estate valuation system, transaction circulation system, risk control and other moles, which are said to support a variety of financial applications such as consumer finance, investment and financing finance, instrial finance, etc., and connect with investment and financing institutions, credit reference institutions and consumer businesses
however, the combination of blockchain and real estate instry is still in its infancy in terms of application. It will take time to test which step it can take and whether it will attract the attention of the national team like digital currency
blockchain not only has an impact on the real estate instry, but also has a potential impact on the existing instries. Coin Ying China and China post are in the forefront of using blockchain technology. Coin Ying China uses blockchain to reshape the crowdfunding instry, while China Post takes the lead in applying blockchain technology to asset custody.
3. Yes, I recommend Kong Yi college. They plan to make the whole instry chain process more modern and solve all kinds of problems faced by everyone when participating in real estate, including naming process, land registration, agency, etc.
4. Very bad. The instry is in a mess
blockchain is not easy to do since 18 years ago. The instry is deceptive, professional cut leek. I remember that the blockchain network reported that Li Xiaolai was cutting leeks. Li Xiaolai was going to build a blockchain network, so that their second round of financing had stopped. It was said that they had sold it to a technology company in Guangzhou
blockchain is not easy to do since 18 years ago. The instry is deceptive, professional cut leek. I remember that the blockchain network reported that Li Xiaolai was cutting leeks. Li Xiaolai was going to build a blockchain network, so that their second round of financing had stopped. It was said that they had sold it to a technology company in Guangzhou
5. First of all, blockchain is likely to become the next important goal of e-commerce, which has been revealed in the larger instry participants. Alibaba has invested heavily in the research and development of blockchain and other large e-commerce companies (such as Wal Mart and Unilever) to cooperate with IBM, a technology giant, to enter the blockchain
secondly, for e-commerce, the smart contract of blockchain allows buyers and sellers to conct direct transactions. Smart contracts can be set to be executed only when specific obligations are fulfilled. For example, the buyer can send the determined price of the proct to the contract in cryptocurrency. The seller sends the proof of ownership to the smart contract and connects the smart contract with the company that transports and sells the proct. Once the seller has fulfilled all the obligations, the smart contract will automatically send the funds to the seller's wallet< Then, e-commerce has encountered setbacks in international transactions. But the company that can create a country and currency agnostic solution with blockchain technology is the request network. This blockchain based platform is eager to create a decentralized platform to provide convenient, fast and secure transactions for B2B, B2C and C2C interactions
finally, another disruptive function of blockchain technology is that it allows non corrupt visualization of the supply chain. We haven't done that yet, because blockchain still needs a lot of adoption, but once this happens, the whole chain reaction of the proct can be directly displayed with a tap of the thumb. Whether the proct is real, organic, fair trade or contains chemicals can be seen directly on its blockchain. Since the blockchain is not corrupt, it allows a completely transparent supply chain, allowing consumers to fully understand the procts they consume
with the progress of technology, blockchain will bring convenience to e-commerce in some other ways
welcome to pay attention to pinecone blockchain for more information.
secondly, for e-commerce, the smart contract of blockchain allows buyers and sellers to conct direct transactions. Smart contracts can be set to be executed only when specific obligations are fulfilled. For example, the buyer can send the determined price of the proct to the contract in cryptocurrency. The seller sends the proof of ownership to the smart contract and connects the smart contract with the company that transports and sells the proct. Once the seller has fulfilled all the obligations, the smart contract will automatically send the funds to the seller's wallet< Then, e-commerce has encountered setbacks in international transactions. But the company that can create a country and currency agnostic solution with blockchain technology is the request network. This blockchain based platform is eager to create a decentralized platform to provide convenient, fast and secure transactions for B2B, B2C and C2C interactions
finally, another disruptive function of blockchain technology is that it allows non corrupt visualization of the supply chain. We haven't done that yet, because blockchain still needs a lot of adoption, but once this happens, the whole chain reaction of the proct can be directly displayed with a tap of the thumb. Whether the proct is real, organic, fair trade or contains chemicals can be seen directly on its blockchain. Since the blockchain is not corrupt, it allows a completely transparent supply chain, allowing consumers to fully understand the procts they consume
with the progress of technology, blockchain will bring convenience to e-commerce in some other ways
welcome to pay attention to pinecone blockchain for more information.
6. Financial services, right protection, real estate, wholesale and logistics, transportation, public sector, insurance and financial technology, energy and telecommunications, and ecation. At present, there are not many use cases of blockchain in various fields, but the prospect is far beyond our imagination.
7. With the increasing maturity of blockchain, more and more enterprises begin to look forward to using this technology for innovation. So, what is the impact of blockchain on enterprises? What can it bring to enterprises<
Renren blockchain technology services
blockchain has the ability to innovate trade, transaction and business processes
the two basic concepts supporting blockchain are "business network" and "account book" -- it is thanks to these two concepts that blockchain can become a wise and unchangeable way of trade, transaction and business process execution
network members exchange various assets through an account book that can be accessed by all members. When the network synchronizes the account book, all members need to confirm the transaction of tangible or intangible assets. This shared view helps to establish legitimacy and transparency, even when the parties are not familiar with each other
blockchain can improve visibility and trust in business
by providing visibility to all participants, blockchain can rece transaction settlement time from days or weeks to seconds. The technology can also eliminate the intermediate third party that is usually needed to verify transactions in the past, so as to rece the excessive cost
because blockchain is built on the concept of trust, it can help enterprises rece the risk of illegal behavior on the payment network, thus helping to rece fraud and cyber crime
speed, cost, efficiency and transparency are the most important advantages of blockchain within enterprises and in the company ecosystem where trade activities are carried out. It is precisely because of such advantages that far sighted enterprises are more looking forward to using blockchain technology to innovate infrastructure and better carry out business
the value of blockchain development lies in the growth of the ecosystem
as a business network, blockchain can accommodate a variety of different types of participants. According to the number of participants in the blockchain network, the value of the assets exchanged, and the need to authorize members with different credentials, the adopters of blockchain technology should pay attention to the differences between "licensed" and "unlicensed" blockchain networks
when these business networks continue to expand, the real value of blockchain will be realized. With a strong ecosystem, business networks can reach critical scale more easily, enabling users to build new business models and innovate transaction processes.
Renren blockchain technology services
blockchain has the ability to innovate trade, transaction and business processes
the two basic concepts supporting blockchain are "business network" and "account book" -- it is thanks to these two concepts that blockchain can become a wise and unchangeable way of trade, transaction and business process execution
network members exchange various assets through an account book that can be accessed by all members. When the network synchronizes the account book, all members need to confirm the transaction of tangible or intangible assets. This shared view helps to establish legitimacy and transparency, even when the parties are not familiar with each other
blockchain can improve visibility and trust in business
by providing visibility to all participants, blockchain can rece transaction settlement time from days or weeks to seconds. The technology can also eliminate the intermediate third party that is usually needed to verify transactions in the past, so as to rece the excessive cost
because blockchain is built on the concept of trust, it can help enterprises rece the risk of illegal behavior on the payment network, thus helping to rece fraud and cyber crime
speed, cost, efficiency and transparency are the most important advantages of blockchain within enterprises and in the company ecosystem where trade activities are carried out. It is precisely because of such advantages that far sighted enterprises are more looking forward to using blockchain technology to innovate infrastructure and better carry out business
the value of blockchain development lies in the growth of the ecosystem
as a business network, blockchain can accommodate a variety of different types of participants. According to the number of participants in the blockchain network, the value of the assets exchanged, and the need to authorize members with different credentials, the adopters of blockchain technology should pay attention to the differences between "licensed" and "unlicensed" blockchain networks
when these business networks continue to expand, the real value of blockchain will be realized. With a strong ecosystem, business networks can reach critical scale more easily, enabling users to build new business models and innovate transaction processes.
8. The application and promotion of blockchain plays a supporting and promoting role for the national entity instry. Blockchain is widely used in medical, retail and other service instries. From then on, the files of customers do not need to be transmitted and archived repeatedly, which provides a lot of convenience for the real instry.
9. Of course, there is a bright future. Blockchain projects are very hot in recent years, and they are also the investment direction of many investors. In the past few years, people who have invested in these projects have received a lot of returns. For the next few years, I also think blockchain will have better development and investment value. Now if there is wealth, it can be invested, I think we should have a long-term attitude when we invest in projects in this area. We should not rush to make a temporary profit. At present, I have invested in some mainstream projects and some emerging projects with development value, such as bitcoin, Ethereum, EOS, EES, etc.
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