What are the specific applications of blockchain in the financia

1.

A: the main application fields of blockchain technology are finance, Internet of things and logistics, public service, digital right, insurance and public welfare

First, in the field of finance,

blockchain has great potential application value in international exchange, letter of credit, equity registration, stock exchange and other financial fields

Second, the Internet of things and logistics

blockchain can also be naturally combined in the field of Internet of things and logistics. Through blockchain, we can rece logistics costs, trace the proction and delivery process of goods, and improve the efficiency of supply chain management

Third, in the field of public service, blockchain is closely related to people's proction and life in the fields of public management, energy and transportation. However, the centralization of these fields also brings some problems, which can be transformed by blockchain

Fourthly, in the field of digital right, through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works and ensure the authenticity and uniqueness of ownership

In the field of insurance, insurance institutions are responsible for fund collection, investment and claim settlement, and often have higher management and operation costs

Sixth, the data stored on the public welfare field

blockchain is highly reliable and tamperable, which is naturally suitable for social public welfare scenarios. The relevant information in the public welfare process, such as donation project, collection details, fund flow, recipient feedback, etc., can be stored on the blockchain, and can be made transparent and public, which is convenient for social supervision

2. Because the digital currency, which is the first generation of blockchain technology, has a huge impact on the financial field, the research and application of blockchain technology has become an important task in today's financial field. In essence, blockchain technology still belongs to a kind of technical means and tools. Its application in the financial field and the real economy is parallel. It has its own relative independence, but it also has a certain degree of intersection. That is to say, its role in promoting the real economy is indirect. 1. No matter in finance or entity, one of the bases of transaction between supply and demand is trust. The current bank to enterprise, enterprise to enterprise and enterprise to person are all linked by money. With the further popularization and wide application of blockchain technology, enterprises and enterprises, or indivials can issue digital currency (Digital credit) by themselves in the future, and the status of banks will change from monopoly operation to equal competition operation in the market. Therefore, the wide application of blockchain technology in the financial field has an indirect impact on the real economy. 2. Blockchain technology is the bridge between reality (entity) and virtual world. Through blockchain technology, the real world can be reconstructed, reconstructed and redefined in the virtual world. For example, the digital currency of real paper money in the virtual world, the digital stock transaction of real stock transaction in the virtual world, the digital settlement, digital customs clearance, digital documents and bills of real import and export trade in the virtual world can greatly improve the efficiency of business process and save the transaction cost. At present, all transactions are inseparable from the bank. The bank plays a central role in the transaction. The application of blockchain technology by the bank will certainly improve the efficiency of its settlement and indirectly promote the efficiency of the real economy, but this impact will graally weaken in the future. Because the biggest feature of blockchain technology is decentralization, its distributed accounting system is a network system without center. 3. In fact, the application of blockchain technology is to value and credit the information flowing on the Internet. Through the blockchain, the information with (use value, exchange value, cultural value) in the Internet is reorganized and newly constructed to form a value Internet. It is of great significance. It will bring revolutionary promotion to both the financial instry and the real economy.

3. There are many. Blockchain is characterized by sharing and trust. So in the application of financial field, we should pay attention to two points: first, there should be interaction, that is, transactions are very frequent, and people use data very frequently. Second, this part of business needs multi-party trust, and then low-cost trust can be established through the blockchain
for details, you can refer to Bubi blockchain, a domestic blockchain company that has done a better job. At present, they mainly focus on two aspects of business: one is supply chain finance, which means frequent interaction and complex business; Another is bumeng, which mainly establishes the credibility of digital assets through the blockchain platform.

4. Blockchain application fields:
1. Financial field. Blockchain has great potential application value in international exchange, letter of credit, equity registration, stock exchange and other financial fields. The application of blockchain technology in the financial instry can save the third-party intermediary link and realize the point-to-point direct docking, so as to greatly rece the cost and quickly complete the transaction payment< 2. Internet of things and logistics. Blockchain can also be naturally combined in the field of Internet of things and logistics. Through blockchain, we can rece logistics costs, trace the proction and delivery process of goods, and improve the efficiency of supply chain management. This field is considered as a promising application direction of blockchain

3. Public service. Blockchain is closely related to people's proction and life in public management, energy, transportation and other fields, but the centralization of these fields also brings some problems, which can be transformed by blockchain. The decentralized and fully distributed DNS service provided by the blockchain can realize domain name query and resolution through the point-to-point data transmission service between nodes in the network. It can be used to ensure that the operating system and firmware of an important infrastructure have not been tampered with. It can monitor the status and integrity of the software and detect bad tampering, And ensure that the data transmitted by the system using the Internet of things technology has not been tampered with< 4. Digital rights. Through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works, and ensure the authenticity and uniqueness of ownership. After the works are confirmed on the blockchain, the subsequent transactions will be recorded in real time to realize the full life cycle management of digital rights, and can also be used as a technical guarantee in judicial evidence collection. For example, mine labs, a start-up company in New York, developed a metadata protocol based on blockchain. This system called mediachain uses IPFs file system to realize right protection of digital works, mainly for right protection applications of digital pictures

5. Insurance. In terms of insurance claims, insurance institutions are responsible for fund collection, investment and claims settlement, and often have higher management and operation costs. Through the application of smart contract, there is no need for the applicant to apply or the insurance company to approve. As long as the claim conditions are triggered, the automatic claim settlement of the policy can be realized. A typical application case is lenderbot, which was launched by the blockchain enterprise stratumdeloitte and payment service provider lemonway in 2016. It allows people to register customized micro insurance procts through the chat function of Facebook messenger to insure the high value items exchanged between indivials, and the blockchain replaces the third party role in the loan contract< 6. Public welfare. The data stored on the blockchain is highly reliable and tamperable, which is naturally suitable for social public welfare scenarios. The relevant information in the public welfare process, such as donation project, collection details, fund flow, recipient feedback, etc., can be stored on the blockchain, and can be made transparent and public, which is convenient for social supervision.

5. The main advantages of blockchain technology in the financial field are disintermediation and cost rection. First of all, e to the prevention of single point of failure and systemic risk, the financial instry needs to carry out layer upon layer audit to control the financial risk, but it also causes high internal costs. Blockchain technology can greatly rece the cost of the entire financial system through tamper proof and high transparency. There is a lot of blockchain related information in the chain broadcast. You can have a look if you are interested.

6. According to McKinsey's analysis, the impact of blockchain technology is most likely to occur in the main application scenarios of payment and trading banking, capital market and investment banking business
digital currency: to improve the convenience of currency issuance and use, for example, the central bank plans to issue its own digital currency; Cross border payment and settlement: realize point-to-point transaction and rece intermediate costs; Bill and supply chain financial business: rece human intervention, rece costs and operational risks; Securities issuance and Trading: realize quasi real-time asset transfer and accelerate the speed of transaction clearing (European crowdfunding is a typical model); Customer credit investigation and anti fraud: rece the cost of legal compliance and prevent financial crimes.

7. The application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry
from an academic point of view, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database
for example, if you are a woman, every time your boyfriend says something disgusting to you or promises to buy something for you, you immediately record it and send it to you and all his friends, classmates, colleagues, as well as various groups and circles of friends, so that he can no longer resist. This is called blockchain
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions.