China's currency war initiative in blockchain

1. Big data is a new concept, "a large-scale data set that greatly exceeds the capability of traditional database software tools in terms of acquisition, storage, management and analysis.". There are also updated cloud computing concepts, which are associated with massive data storage and processing and applications. The feature of big data is distributed data mining for massive data“ But it must rely on the distributed processing, distributed database, cloud storage and virtualization technology of cloud computing. " Big data is closely related to cloud computing and artificial intelligence, and there may be some integration and changes in the future.

2. 99% of them are deceiving. It's deceiving to say how much it will appreciate. It's just a technology, its application is valuable.

3.

blockchain technology is widely used. Under the integration of new technologies, the main application scenarios of blockchain include finance and insurance, intelligent manufacturing, intelligent environmental protection, energy and power, health care, ecation, culture and innovation, smart city, social welfare, agriculture and many other fields

1. blockchain + finance

   blockchain can help financial institutions solve problems such as trust and data sharing

3. blockchain + right art

   Tianhe Guoyun's blockchain right system

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3. Blockchain + government

in statistics, voting, budget management and other aspects, blockchain can rece costs, improve efficiency, and increase transparency, so as to prevent the risk of failure of centralized system

4. Blockchain + insurance

fraud identification and risk prevention: by placing insurance claims under an unchangeable general ledger, blockchain helps to eliminate the common sources of fraud in the insurance instry

property insurance and accidental injury insurance: policies and shared ledgers recorded in the form of smart contracts can improve the efficiency of property insurance and accidental injury insurance

Health Insurance: blockchain technology enables medical records to be encrypted and shared among health service providers, thus improving the interoperability of the health insurance ecosystem

Reinsurance: the information security of reinsurance contracts on the blockchain platform can be ensured through the form of smart contracts, which can rece the amount of information and simplify the payment process between insurers and reinsurers

4.

Why is the Internet era coming to an end and the blockchain era coming

Once the

blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.

the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom

5. The foreign exchange market is the largest financial market in the world, and the average daily capital flow far exceeds that of other financial markets such as stocks and bonds. However, even if there is a god like existence, for some of us, it is also the "most familiar stranger", who only hears its prestige but does not know its true appearance, let alone participate in it. Today, we are going to popularize the nine basic knowledge of foreign exchange< What is foreign exchange
foreign exchange refers to the foreign currency held by a country and the means of payment expressed in foreign currency for international settlement
the concept of foreign exchange can be divided into static and dynamic
1. Static concept
the static concept of foreign exchange refers to the payment means in foreign currency that can be used for international settlement. This means of payment includes credit instruments and securities expressed in foreign currency, such as bank deposits, commercial bills, bank drafts, bank cheques, long-term and short-term government securities, etc
2. Dynamic concept:
the dynamic concept of foreign exchange is a kind of specialized business activity that changes one country's currency exchange into another country's currency in order to pay off international creditor's rights and debts. It is the abbreviation of international exchange
here, it should be pointed out that the currencies of some countries are not freely convertible in the international market, so they can only be counted as foreign currency, not foreign exchange< What is the exchange rate
exchange rate, also known as exchange rate, refers to the price of one country's currency expressed in another country's currency, or the comparison between the two countries' currencies. Usually expressed by the exchange ratio between two currencies. For example: USD / CNY = 1 / 7.2456, that is, the exchange rate between us dollar and RMB is 1: 7.2456, which can also be said that 1 US dollar needs to be purchased with RMB 7.2456< Third, the characteristics of the exchange rate
EUR 0.9705
JPY 119.95
GBP 1.5237
CHF 1.5003
2. The minimum change unit is one point, that is, the change unit of the last digit
EUR 0.0001
JPY 0.01
GBP 0.0001
CHF 0.0001
3. The rise and fall are described by "dots"
according to market practice, the price of foreign exchange rate is usually composed of five significant figures, which are counted from the right to the left, and the first one is called & quot; X dots;, It is the smallest unit of exchange rate change; The second is called & quot; X ten points;, And so on
for example: 1 euro = 1.1011 US dollars; 1 dollar = 120.55 yen
the euro against the dollar changed from 1.1010 to 1.1015, saying that the euro against the dollar rose by 5 points
the dollar against the yen changed from 120.50 to 120.00, saying that the dollar against the yen fell by 50 points< (4) the pricing method of exchange rate
1. Direct pricing method
direct pricing method is a method of expressing the exchange rate of a certain unit of foreign currency in domestic currency. Generally, how much foreign currency of one unit or 100 units can be converted into domestic currency. At present, most countries in the world use the direct pricing method, and China also uses the direct pricing method, such as the US dollar to RMB ratio is 1:6.4906.
2. Indirect pricing method
indirect pricing method is the foreign currency to express the exchange rate of a certain unit of domestic currency. Generally speaking, how much foreign currency can be converted from one unit or 100 units of local currency. At present, only a few countries in the world use indirect pricing method, such as British pound, euro, Australian dollar, New Zealand dollar and Irish pound. For example, for the UK, the exchange rate of pound sterling to RMB is 1: 9.4471, which is the indirect pricing method< What are the main procts and symbols
according to international practice, the name or code of currency is usually represented by three English letters
US dollar: USD
British Pound: GBP
Euro: EUR
Japanese Yen: JPY
Canadian Dollar: CAD
Swiss Franc: CHF
Australian Dollar: aud
New Zealand Dollar: NZD
6. Who are the market participants
participants in the foreign exchange market mainly include central banks, commercial banks, non bank financial institutions, broker companies, self dealers and large multinational enterprises. They trade frequently with huge amount of money, and each transaction is worth several million dollars or even more than ten million dollars. Generally speaking, there are three motivations for their participation:
1) through trade and investment, international enterprises convert foreign profits into domestic currency
2) for hedging, the finance director and fund manager will also use the foreign exchange market to rece the risk of price fluctuation in futures trading< 3) speculative profit< What are the major foreign exchange markets in the world< At present, there are more than 30 major foreign exchange markets in the world, which are distributed in different countries and regions on all continents of the world. Among them, the most important are London, Frankfurt, Zurich and Paris in Europe, New York and Los Angeles in America, Sydney in Australia, Tokyo, Singapore and Hong Kong in Asia< 8. Trading hours of major foreign exchange markets. Each foreign exchange market in the world alternates with each other in business hours, forming a circular operation pattern< 9. What are the ways to buy foreign exchange
1. Bank. At present, many banks can handle personal settlement and sales of foreign exchange business, foreign exchange settlement of trading companies, personal purchase of foreign exchange for overseas travel expenses and other non speculation foreign exchange situations also choose to go to the bank to apply for foreign exchange
2. Platform dealers. At present, China has allowed indivials or institutions to exchange foreign exchange online. Indivials or institutions that speculate in foreign exchange can trade foreign exchange through platform dealers.

6. The simple one is that e-money is not the traditional cash, but the transaction of data and data. No matter how you transfer or how you trade, the cash is in the bank, and the bank's money is invested, which is very helpful to the economic development and the dominant direction of money in the future. However, there are also shortcomings. E-money is very easy for the financial sector to cause economic bubbles. The same financial effect is doubling the financial effect. That is to say, funds have a circulation function in numbers, but in terms of banks, the cash they are holding has an additional effect on the circulation of electronic money in the society. It will inevitably rece the circulation of cash and RMB in the market, which will easily lead to inflation and price rise.

7.

In recent years, the application of blockchain technology has been widely concerned. No matter in the financial field, enterprises or government departments are speeding up the research, development and application of blockchain technology. Some countries have also sniffed the potential of blockchain technology in war, and strive to expand the breadth and depth of blockchain technology in military applications

blockchain technology is the "bulletproof jacket" of military logistics. Due to the decentralized nature of blockchain technology, it has a strong information recovery ability after being attacked. Unless all computers in the system are damaged, it is meaningless to modify the information of a node, because the system can quickly recover the complete form. The current logistics system relies too much on the reliability of information service center, once the information service center fails, it will affect the normal operation of the whole logistics system. The military application has a very high requirement on the security and wartime anti damage ability of the system. The use of blockchain technology can effectively solve the core problems of information security, data storage and interactive processing faced by intelligent military logistics. The key point is to improve the viability of the logistics system, so as to ensure the orderly and efficient operation of the system

in essence, blockchain technology is a mutual trust storage device, which can be used for information transactions between multiple users. Its core is "distributed consensus" and "anonymity", which can verify transactions at any time without affecting the privacy of related parties. Therefore, blockchain technology is bound to become a new generation of disruptive technology, and its military applications will become more extensive and in-depth

content source: phoenix.com