What is blockchain R & D

1.

Sharing area network:

the application scope of blockchain technology is still very wide. Based on the characteristics of decentralization, distrust, collective maintenance and reliable database, its application in the financial instry is the first step
blockchain is the underlying technology of bitcoin, and the application and development of blockchain in digital currency is mature

like the block chain based trading system development scheme provided by Yingtang Zhongchuang, the developed software system has great safety factor and transparency

2.

In a narrow sense, blockchain is a kind of chain data structure that combines data blocks in a sequential way according to the time sequence, and it is a distributed account book that can not be tampered with and forged by means of cryptography

broadly speaking, blockchain technology is a new distributed infrastructure and computing method, which uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses intelligent contracts composed of automated script code to program and operate data

working principle

blockchain system is composed of data layer, network layer, consensus layer, incentive layer, contract layer and application layer. Among them, the data layer encapsulates the underlying data blocks and related basic data and algorithms such as data encryption and timestamp; The network layer includes distributed networking mechanism, data transmission mechanism and data verification mechanism; The consensus layer mainly encapsulates all kinds of consensus algorithms of network nodes; The incentive layer integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives; The contract layer mainly encapsulates all kinds of scripts, algorithms and smart contracts, which is the basis of the programmable characteristics of blockchain; The application layer encapsulates various application scenarios and cases of blockchain. In this model, chain block structure based on timestamp, consensus mechanism of distributed nodes, economic incentive based on consensus computing power and flexible and programmable smart contract are the most representative innovations of blockchain technology

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4. Blockchain is the underlying technology of digital currency represented by bitcoin, which has the advantages of decentralization, openness, transparency, high degree of security and strong traceability, so as to effectively avoid data fraud and rece maintenance costs
in terms of application fields, the financial instry is the most suitable and most likely to cause change first. Finance and the development of science and technology have been inseparable. Financial innovation with the help of modern information technology has become the main mode of competition in the financial instry. Blockchain is undoubtedly the next key technology, which brings huge imagination
however, at present, the blockchain is still in the experimental stage, but the capital has quickly followed up the layout. According to the analysis report on market outlook and investment strategic planning of China's Internet finance instry released by the foresight Instry Research Institute, the amount of venture capital in the blockchain field increased by more than 200 times from US $2 million to US $469 million from 2012 to 2015, and about 205 venture capital institutions participated in the investment.

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