Blockchain E-bulletin
If you want to understand the application of blockchain, you can refer to many books and opinions, such as illustrated blockchain, blockchain: reshaping the economy and the world, blueprint and guide of new economy, and articles of coin'an community, including a detailed understanding of the platform of coin'an community, with great strength
As the name suggests, blockchain is composed of block and chain. It is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and so on. It is a kind of chain data structure that combines data blocks in order according to the time sequence, and it is a secure and reliable distributed account book that can not be tampered with and forged by means of cryptographyin 2008, in his paper bitcoin: a peer-to-peer e-cash system published by Nakamoto, he first proposed the idea of blockchain and encrypted digital currency. Starting from bitcoin, blockchain has become the underlying technology of various digital currencies
Second, the working principle of blockchain:1. The basic concepts include: (1) transaction: one operation will change the account status once, such as adding a record 2) Block: records the transaction and status data within a specified time, which is a consensus and preservation of the current account status 3) Chain: it is composed of a series of blocks in chronological order, which is the log record of the whole state change. If you understand the working concept of blockchain, it is not difficult to understand its working principle. Suppose there is a distributed data logbook, which can only be added, not deleted or changed. Its structure is a linear chain formed by a series of "blocks" (which is also the source of the name of "blockchain"), and new data must be put into a new block to be added, The maintenance node can propose a new block, but it must go through a certain consensus mechanism to reach an agreement on the final selected block
2. Take bitcoin as an example to see the working principle of blockchain
the block of bitcoin is divided into block head and block body
Core advantages and characteristics of blockchain1. The verification, accounting, storage, maintenance and transmission of decentralized blockchain data are all based on distributed system structure. There is no centralized hardware or management organization, and the rights and obligations of any node are equal, The data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system. 2. The open and transparent system is open. In addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all. Anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent. 3. Security blockchain uses consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work. 4. Information cannot be tampered with. Once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% (almost impossible) nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid. Therefore, the data stability and reliability of the blockchain are extremely high. 5. Anonymity because the exchange between nodes follows a fixed algorithm, and its data interaction does not need trust (the program rules in the blockchain will judge whether the activity is effective or not). Therefore, the counterparties do not need to let the counterparties generate their own trust by disclosing their identities, which is very helpful for credit accumulation
At present, the most popular classification of blockchain is to divide blockchain into public blockchain, private blockchain and consortium blockchain according to different participants1. Public chain: anyone can participate in the use and maintenance, and can obtain the effective confirmation of the blockchain. Public chain is the earliest blockchain and the most widely used blockchain at present, such as bitcoin blockchain. The information is completely public
if the licensing mechanism is introced, it includes private chain and alliance chain. 2. Private chain: a company or indivial only uses the blockchain technology, enjoys the exclusive write permission of the blockchain, and does not disclose the information. At present, conservative giants (traditional finance) want to experiment with private blockchain, and the application procts of private blockchain are still groping. 3. Alliance chain: it is a blockchain between the public chain and the existing chain, which is jointly controlled by multiple organizations. The use of the chain is managed with authority, which can be controlled by the manager, and also open to others according to the manager's wishes. In addition, according to the different use scenarios and purposes of blockchain, it can be divided into currency chain for the purpose of digital currency, property chain for the purpose of recording property rights, and crowdfunding chain for the purpose of crowdfunding
On May 28, Ma Huateng, CEO of Tencent, proposed the anti-counterfeiting method based on cloud integrated blockchain technology, which is far more efficient than traditional anti-counterfeiting methods. The future anti-counterfeiting verification scenario may only require users to use their mobile phones for simple scanning, and a large number of complete information based on different dimensions can be obtainedtake Maotai liquor as an example:
distillery address, proction workshop, operation staff, inspector, delivery time, transportation vehicle information and driver information,
liquor year, raw material source, raw material supplier, storage warehouse number, raw material transportation vehicle and driver information,
all information can be accurately traced, permanently recorded and tampered with
the above information can be easily verified
2. Food safety issues as early as last November, Wal Mart has cooperated with IBM to track the source of food by using blockchain technology, so as to ensure the safety of food and increase the circulation of food to rece costs. For Wal Mart and other large supermarkets, it took a few days to investigate the source of problem food, After using this technology, only one item of proct information is needed to achieve accurate traceability, and important information such as food origin, inspector, supplier, logistics and transportation can quickly find problems in a few minutes. Currently, procts tracked by blockchain include packaging procts from the United States and pork from China
3. Information security
blockchain technology is promoting an information security technology revolution. (1) identity protection PKI is a common public key encryption technology in e-mail, message application, website and other communication applications. However, since the implementation of most PKI, the centralized trusted third party certification authority (CA) is used to issue, activate and store user certificates. Hackers can attack PKI to fake user identity or crack encrypted information
certcoin is the first PKI implementation of blockchain, which comes from MIT, removes the centralized authentication center, and uses blockchain as a distributed ledger for domain name and public key
pomcor company: blockchain PKI implementation path: keep the authentication center, and use blockchain to store the hash value of issued and activated certificates. Users can verify the authenticity of certificates through decentralized and transparent sources, and can also improve the network access performance through local authentication of secret key and signature based on blockchain
(2) data integrity protection
guardtime developed a secret key free signature architecture (Ksi) based on blockchain technology to replace the secret key based data authentication technology. Ksi stores the hash table of the original data and files on the blockchain, runs the hash algorithm to verify other copies, and compares the results with the data stored in the blockchain. Any data tampering will be found quickly because the original hash table is stored in millions of nodes
(3) key infrastructure protection
the "Achilles heel" of the Internet, DDoS has entered the TB era, DDoS is still the simplest weapon for hackers to bring down the big target with low cost, DNS service is the primary target for hackers to carry out large-scale destruction, but blockchain technology is expected to fundamentally solve the problem
The distributed storage ofblockchain makes hacker attacks lose focus. Nebulis is developing a distributed DNS system, which uses Ethereum blockchain and interstellar Internet file system (IPFs, the distributed substitute of HTTP) to register and resolve domain names. The biggest weakness of DNS is caching, which makes DDoS attacks possible. It is also the bane of the centralized government's censorship of social networks and manipulation of DNS registration. A highly transparent and distributed DNS system can effectively prevent any entity, including the government, from arbitrarily manipulating records
(1) digital currency: improve the convenience of currency issuance and use, such as bitcoin and Ethernet in foreign countries, and guorenbao in Chinafrom the use of physical transactions, to physical currency and credit currency, and then to the rise of bitcoin network, more and more people are aware of the distributed ledger blockchain technology behind it, and graally apply it in many scenarios other than digital currency
(2) cross border payment and settlement: realize point-to-point transaction, rece intermediate fees
transfer and payment. At present, the most mature application of blockchain technology is payment and transfer. Blockchain technology can avoid complicated systems, save the process of inter-bank reconciliation and review, and accelerate the settlement speed; virtual currency can rece transaction costs without the intervention of clearing house. Different countries have different clearing proceres. It takes two or three days for a single remittance to arrive, which is inefficient and accounts for a large proportion of funds in transit. No longer through the third party, through the blockchain technology to form point-to-point payment. By eliminating the link of the third-party institutions, we can make full day payment, real-time payment, withdraw cash quickly and rece the hidden cost, which helps to avoid the capital risk. It is timely and convenient
(3) bills and supply chain financial business: rece human intervention, rece costs and operational risksvalue transfer between point-to-point, control and verify physical bills or central system; Intermediaries will be eliminated and human intervention reced. With the improvement of efficiency, financing channels are more unblocked, risks are lower, and multiple parties benefit
(4) securities issuance and Trading: realize quasi real-time asset transfer, accelerate the speed of transaction clearing
the application of blockchain technology can make the process of securities trading more concise, transparent and fast, rece the plication of IT system, and improve the efficiency of market operation. For stocks, blockchain can eliminate paper and pen or electronic form records, rece human errors in trading, and improve the transparency and traceability of trading platform. Citigroup and Nasdaq cooperate to promote blockchain applications
(5) customer credit investigation and anti fraud: rece the cost of legal compliance, prevent financial crimes
the customer information and transaction records recorded in the blockchain help banks identify abnormal transactions and effectively prevent fraud. The technical characteristics of blockchain can change the existing credit reference system, and store the data of customers with bad records in the blockchain when the bank concts "know your customer" (KYC)
equity crowdfunding:
The earliest is a kind of network virtual currency. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar
< H2 > extended information:bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address
starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique
many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin
Dongyang Public Security Bureau of Zhejiang Province immediately started the investigation and found that Qiao was not the only one who suffered losses. Through efforts, the police of the special task force determined the identity of the manager of the GBL trading platform and implemented the pursuit in time. The first case of fraud on bitcoin trading platform in China was solved
lawyer analysis:
Zhang Yanlai, senior special researcher of China e-commerce research center and lawyer of Zhejiang Jin law firm, believes that virtual currency is not a new concept. Q-coin and online game currency have long been known by people. However, the emergence of bitcoin once again makes people realize the power of virtual currency. Compared with the traditional q-coin, the biggest feature of bitcoin is that it does not have a unified issuing agency. The generation of bitcoin completely depends on computer algorithms, and anyone can participate in the issuance of bitcoin
this makes it difficult to trace the source of bitcoin, which makes it a real virtual currency. The anonymity, cross-border and other Internet genes of bitcoin make people see a new form of currency that may circulate in the future society, so the pursuit and use of bitcoin also continued to rise in 2013. Some foreign governments have recognized the legal status of bitcoin. In China, some online stores have begun to use bitcoin for trading. Restaurants that accept "bitcoin" consumption have appeared in Beijing. The first "bitcoin" investment fund in China is also being raised. After the Ya'an earthquake, one foundation has received a total of 65 bitcoin donations, with a market price of about 50000 yuan
of course, money laundering, fraud, gambling and so on will follow. This case is a typical case of fraud under the banner of bitcoin trading. As the first case of bitcoin fraud in China, the public security organs have also concted in-depth study and understanding of the professional knowledge related to bitcoin, and finally cracked the case. On December 5, 2013, the people's Bank of China, the Ministry of instry and information technology and other five ministries and commissions issued the notice on prevention of bitcoin risk, which first made it clear that bitcoin does not have the status of legal tender, and required financial institutions and Payment institutions not to price procts or services with bitcoin. The central bank believes that there are three risks in bitcoin Trading: high speculative risk; High risk of money laundering and being used by criminals or organizations. In the future, the future of bitcoin is not clear, especially in sovereign countries, which will take a prudent and conservative attitude towards currency, which involves financial order and national security. Therefore, the public should also raise enough risk awareness.
Speaking of blockchain, it can be said that there is not a ten million level landing project at present, but because of this, the imagination of blockchain is very large. At present, major companies in various countries are laying out blockchain technology, but most of them are small-scale applications or pilot projects, but it is also worth mentioning:
1. Blockchain + electronic invoice
on August 10, 2018, the first electronic invoice of blockchain in China was launched in Shenzhen. The blockchain e-invoice is linked with traditional e-invoice and simple e-invoice. This time, the blockchain e-invoice integrates two streams of "capital flow and invoice flow", combines invoice issuing with online payment, and opens up the whole process of invoice application, invoice issuing, reimbursement and tax declaration
the Shuqin core team has been committed to the research and application of blockchain technology since 2013. At the beginning, the Shuqin team wanted to combine the blockchain technology with the Internet finance at that time. However, how to ensure that the data stored in blockchain technology is recognized by the existing judicial system? Shuqin found that the development of the whole blockchain instry will face the same problem: judicial effectiveness! In order to solve the problem of this instry, the team of Shuqin established the security network
in this difficult problem that even Ali could not solve at that time. In order to establish a connection with the existing judicial system, the team found qianmai, the only data authentication center in Zhejiang Province at that time, and set up Qianxin with them. After many efforts, in 2016, Qianxin issued the first electronic evidence forensic certificate based on blockchain
relying on the security network, a platform connected with the basic rules of society, based on the vision of building a new digital economic ecosystem, Shuqin technology has constructed the "technology + data + instry" ecology from the blockchain data center infrastructure to the public chain and sub chain, alliance chain, and designed the leading trusted account book, DAPP application, data proction means, data management system Through the effective value data exchange based on the consensus mechanism, the virtuous circle of Tongzheng economy can enable the real economy
in this regard, Tian Dachao, founder of chain fir capital, the incubation team of Shuqin technology, commented that Shuqin technology will be one of the most potential enterprises in the future development process of blockchain. It is reported that chain fir capital is the world's leading digital technology investment bank and digital asset management company. It provides the whole process investment bank and encrypted digital asset investment management services of blockchain project investment, incubation, financing, transaction and community, and is committed to providing financial and instrial capital integration solutions that create far-reaching value for investors, enterprises and instries, Strive to build a unicorn in the future blockchain field
blockchain is still in its infancy, but its development potential can not be underestimated. In the near future, there will be a steady stream of enterprises joining the blockchain instry or using blockchain technology. Lianshan capital, led by Tian Dachao, is doing something like this to explore more valuable, ideal and future enterprises focusing on the underlying technology of the blockchain, so as to give them wings to take off, so as to make the blockchain landing faster and create value for the society