Principle and process of blockchain
blockchain is composed of a series of data blocks generated by cryptographic methods. Each block contains the hash value of the previous block, which is connected to the current block from the original block to form a blockchain.
What kind of blockchain technology is popular recently? Blockchain technology is considered to be the brightest star in financial technology, and it may continue to develop in the future. It has many characteristics, including data distribution, data trust and collective consensus mechanism, and most importantly, openness, transparency, anonymity and privacy, According to the data in the blockchain, we can get some basic information of contemporary society
blockchain technology is such a safe and scientific database. It can be simply understood as an authoritative database, in which the basic content is true, verified and audited by others. In terms of financial technology, it is very easy to find some desired data, which is very good for business people
"now the college entrance examination is a lifetime, but if we use the form of blockchain, we can record all the learning records and extracurricular activities of a child from the age of six to the college entrance examination. So the examiners of the college entrance examination don't need to pass an exam or an interview to decide the selection of talents. They can decide what kind of talents they want through all their records. "
about the application of blockchain technology, Qin Yi, partner of Deloitte global financial services, said when introcing it to Jinping media
as for blockchain, more explanations in China still stay at the conceptual level, and there is no really large-scale popular application in China, so we have to say that blockchain still keeps a certain distance from the public. In this interview, I believe it can help you have a deeper understanding of blockchain
blockchain is disintermediation
blockchain, and many explanations are decentralization. Different from the general explanation. "It's not decentralization, it's disintermediation," says Qin
because data is distributed in a distributed way, there is a strong security mechanism in it. Qin Yi said: "because no matter which server is serving, the entire data storage is not easy to detect. But most importantly, because of the reliability of the data, we don't need an intermediary to prove who you are, but rely on a record that we can trust each other to promote any transaction in our life
in her opinion, blockchain is actually a database, but when storing data, it has its own characteristics, such as security, integrity, authenticity, non tamperability, etc
for this technology, Qin Yi concluded: such technology will bring earth shaking changes to life
how to embody the commercial value
compared with foreign blockchain technology, domestic blockchain technology is still in a stage of popularization and cognition. What kind of business value will the future blockchain bring us? Looking at the progress abroad, maybe you can see some possibilities
"two weeks ago (on April 20), Bank of Ireland and Deloitte jointly issued a statement. Three months ago, Ireland's International Investment Banking Department asked Deloitte to help design and track the investment behavior of its clients. Strengthen the understanding of customers. In order to meet the regulatory requirements of Europe, they have successfully completed the validation model through the efforts of the past three months. "
a Deloitte executive also said that if this technology can be applied, it will greatly rece the transaction costs of the instry
Deloitte also published a report in 2016, saying that 2016 will be the first year for blockchain to move from laboratory to real life. Bubi (Beijing) Network Technology Co., Ltd. (hereinafter referred to as Bubi) is a leading blockchain technology service provider in China. Since its establishment, Bubi has been focusing on the R & D and innovation of blockchain technology and procts. It has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as mathematically proven distributed consensus technology, distributed consensus technology, and so on Fast large-scale account book access technology, multi chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. We have developed our own blockchain basic service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely
with the in-depth development of many companies, the effect of blockchain technology on the life of ordinary people is becoming more and more obvious.