The next step of blockchain extension Oracle

2.

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

3.

Anti counterfeiting, such as frog coin and Weilian the source and process of frozen food monitoring of final procts such as imported milk powder and luxury goods: red wine, bags and refrigerators, because it is impossible to cheat by writing into the blockchain Back modification is being implemented or has been implemented (only the chain's partners are very strong)

smart contract or intellectual property rights, such as publishing a song. In the blockchain, you own the song, use the smart contract to sell and protect the property rights, such as Neo and Ethereum. Game development or program development: for example, cryptokitties are free to breed and trade different kinds of cats without age or rarity (the closer the age is, the more expensive it is)

the evolutionary version of ICO IPO raised $40 billion in 2017, which is the securities of any company or indivial to support its development of e-money Platform (polymeth)

free trade of game items under development

4. Tell you what blockchain is and what can it do

what is a blockchain? How does it work

bitcoin has become the trend of modern Internet, followed by blockchain. It is said that blockchain technology will lead to fundamental changes in Internet operation, enterprise operation and everything else

but what is blockchain? Most of us don't know much about blockchain. If you want to understand blockchain, you can read this article carefully

what is a blockchain? In the simplest terms, blockchain is a distributed ledger

to understand what this means, let's first look at its opposite: a centralized ledger. Because blockchain technology starts from finance, we will also use the bank as an example

the following is the process of our bank debit card transaction:

you can buy goods by swiping your card in the store

the merchant sends the bill to your bank to get the agreed amount

your bank will verify whether you are likely to authorize the purchase

banks remit money to businesses

finally, the bank records this information in its ledger

there are a lot of technologies involved here, but basically that's it. The last step is important - the bank keeps track of all transactions made by the customer. This ledger goes all the way back to the first transaction the bank made

the ledger is kept, maintained and supervised by the bank. You can read it in your online bank account, but you can't change it. The bank is in full control. If it decides to make a change, there's nothing you can do

it is crucial that if hackers can access the bank's ledger, it may lead to many problems. They can change the account balance to make it look like some transaction never happened, and so on

that's why distributed ledger is so cool

blockchain network visualization

if the bank operates on a distributed ledger, each member of the bank will have a of the ledger. Whenever any member of the bank makes a purchase, they will tell all other members of the bank

each member validates the transaction and adds it to the ledger (the added record is called a "block"). This has some important benefits because there are no centralized permissions to manipulate records. Hacker access to one ledger won't be a big problem because other ledgers can easily verify it

on the other hand, it requires a lot of work. In short, the second system is blockchain (at least in the financial scenario)

as mentioned above, blockchain is a decentralized transaction list. If I send Xiaoming two bitcoins, I will send a message to everyone in the network, saying "I am sending Xiaoming two bitcoins", and they will record the transaction<

bitcoin and blockchain

let's take bitcoin as an example to illustrate

bitcoin transaction

but the transaction must be verified. This is where blockchain technology has become a bit more complex. Each bitcoin wallet (which we will complete in one second) has a public and private key

you use your private key to send transaction requests to other members of the network and confirm that you have cryptocurrency in your account. If they do, they allow transactions to register on the ledger

the mechanism of public / private key system is very complex, but it comes down to that every transaction is verifiable and secure< However, the computing cost of the whole system is very high. Everyone who updates the ledger needs a lot of authority to validate transactions and modify the ledger. This is where mining comes in. People who verify and modify use their own computing resources, and each time they get a small transaction fee

and they're using a lot of electricity to do it

in this way, each transaction will be verified and added to the ledger, and the person who performs the verification and modification will be paid. This is a reasonable system

at the same time, it is also very safe. To change a single block, you have to change each subsequent block. After all this is done, validation will fail because other copies of the chain will show someone tampered with one

how to define blockchain is a difficult problem

although the mechanism behind blockchain technology is not always intuitive, it seems that it is not too difficult to explain what blockchain is. But what we're describing here is the traditional definition

we can use this special type of blockchain for a wide range of applications;, Such as cryptocurrency, sharing medical information, sending security messages and so on. But more blockchain like technologies are being developed for other uses

for example, companies may use internal blockchains to manage problem tracking in software. Each block in the chain may represent a problem, and users can publish updates to the network. But is this a blockchain? In this case, the ledger is not public, it is only visible within the company

some people will say that this is not a blockchain

other blockchain like technologies are not encrypted. Are they still blockchain? What if it's centrally managed but uses other blockchain features? What defines the lowest level of blockchain technology? There is no consensus on these issues

what is a blockchain wallet

we usually hear people talk about bitcoin wallets, Ethernet wallets and other cryptocurrency specific wallets. But wallet technology can be used in any system that uses blockchain

a wallet is the software or hardware that "saves" your cryptocurrency. But it doesn't really have anything, it's just a place to store public and private keys. This information allows you to access the currency shown in the public ledger

the wallet is the only record of the key. So if you lose it, you will no longer be able to access your cryptocurrency

in the future of blockchain, how will it change our lives

one important thing about blockchain is that it is a public resource and no one really owns it because everyone owns it

blockchain is more than science fiction. We don't need to understand the mechanism behind this technology, but you need to understand that it may completely change our lives in the next 20 years

that sounds bold, but remember, 20 years ago, we were browsing the Internet on Netscape, using the most advanced Motorola flip phone, and buying our first DVD player. At that time, if we imagined that the computer could be held in our hands, and that we could buy a car, pay for money and watch movies on it, it would be considered a fantasy

although the impact of blockchain may not be as obvious as the Internet or as tangible as mobile phones, blockchain will effectively solve many troubles in daily life. For example, intermediary entrapment, transaction delay and so on. In our present life, middlemen can be seen everywhere. We take it for granted that they are a part of our life. If one day, these intermediaries no longer exist, you will find that the world will become a different one

imagine that by 2040, blockchain may become a mature and widely used technology. One day, you can't do without blockchain, just as you can't do without the Internet now, you will be surprised that this decentralized accounting technology has become a part of your lifestyle<

first praise
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5.

Specifically, users can share the idle storage space and bandwidth resources of cat disk, and these resources will be output to companies such as content, video, game, blockchain, etc. cat disk company will convert the legal currency and various digital currencies paid by the latter into bitcoin, and users will get the corresponding bitcoin income. This is also the unique mining mode of cat disk

why reward bitcoin

because similar procts on the market reward users with points, diamonds and other rights and interests issued by relevant companies, and most of these rights and interests are of low or no value. In addition, those projects that once seemed to be hot are now almost withered, and the early players may benefit, while the late players will lose all their money

as we know, bitcoin is the anchor currency in the digital currency world. Cat disk directly uses bitcoin to motivate users, and users can pick up the coin to their wallet at any time, and their income can be guaranteed. Moreover, the risk of bitcoin breaking is almost zero, and the user's income will be more lasting and stable

how is the mining income distributed

when it comes to distribution, we should first introce the concept of "storage power", which is directly linked to the income of cat disk users. Storage power is an index based on users' shared storage space, bandwidth and online time. The larger the storage space, the faster the bandwidth speed and the longer the online time, the larger the storage power, and vice versa

the cat disk gains revenue by sharing storage bandwidth resources, and users can check the revenue through app every day, that is, how much bitcoin they earn. The profit distribution of maopan mining is not random, but through a series of calculations. In short, users' daily income depends on their personal storage capacity, all users' storage capacity and the amount of money issued each day. The calculation formula is as follows:

single user's daily income = single user's daily storage capacity / all users' daily storage capacity * Daily currency amount

it can be seen that users' daily income is positively correlated with the daily storage capacity index and the daily currency amount, and negatively correlated with all users' daily storage capacity index

what is the amount of money issued every day

the cat disk integrates the storage and bandwidth resources shared by users, provides storage and bandwidth services to the demander, and converts various digital currencies paid by the other party into bitcoin for distribution to users. How much bitcoin is issued every day depends on the actual business situation, so there is no way to give specific figures for the time being. What we can make clear is that, unlike other mining procts, cat disk does not issue its own currency or restrict the mining of a specific kind or several kinds of currency. Instead, it earns various digital currencies paid by others. These currencies are all market currency. Cat disk converts these currencies into bitcoin and distributes them to users

note that all the currencies are negotiable, and the more storage nodes, the more business, the higher the overall mining revenue; For other mining procts, the amount of money that can be mined is limited or issued by the owner. With the passage of time, there will be more and more mining machines, and the mining income will be less and less